Book contents
- Coherence of the European Union Trade Policy with Its Non-Trade Objectives
- Coherence of the European Union Trade Policy with Its Non-Trade Objectives
- Copyright page
- Contents
- Contributors
- Introduction
- 1 European Union Trade Policy and Non-Trade Issues
- 2 The European Union
- 3 Export Credit Agencies
- 4 The Effects of Non-Trade Provisions in Trade Agreements on Bilateral FDI
- 5 How EU Trade and Cooperation Policies Stimulated China to Go Green
- 6 The Role of Domestic Factors in the EU’s Governance of Labour Standards through Trade
- 7 EU Trade Agreements and Non-Trade Policy Objectives
- 8 Trade, the G20 and the EU
- 9 Enhancement of the European Parliament’s Monitoring for Better Coherence between Trade Policy and NTPOs
- Conclusion
- Index
- References
8 - Trade, the G20 and the EU
Soft Power for Greater Policy Coherence?
Published online by Cambridge University Press: 19 October 2023
Book contents
- Coherence of the European Union Trade Policy with Its Non-Trade Objectives
- Coherence of the European Union Trade Policy with Its Non-Trade Objectives
- Copyright page
- Contents
- Contributors
- Introduction
- 1 European Union Trade Policy and Non-Trade Issues
- 2 The European Union
- 3 Export Credit Agencies
- 4 The Effects of Non-Trade Provisions in Trade Agreements on Bilateral FDI
- 5 How EU Trade and Cooperation Policies Stimulated China to Go Green
- 6 The Role of Domestic Factors in the EU’s Governance of Labour Standards through Trade
- 7 EU Trade Agreements and Non-Trade Policy Objectives
- 8 Trade, the G20 and the EU
- 9 Enhancement of the European Parliament’s Monitoring for Better Coherence between Trade Policy and NTPOs
- Conclusion
- Index
- References
Summary
Since 2008, G20 leaders have repeatedly committed themselves to conclude WTO negotiations expeditiously and refrain from resorting to protectionism. They have not, however, lived up to these commitments. Trade growth has been anaemic for much of the intervening period, with deadlock in the WTO and reversion to aggressive unilateralism by the United States undermining global trade governance. Current trade tensions primarily involve the major trading powers. Resolving these tensions requires agreement between the main actors and greater focus on addressing the concerns of all WTO members regarding the operation of the organization. The major actors are all members of the G20. The G20 constitutes an important forum for the EU to provide leadership and to use its soft power to address geo-economic conflicts and bolster global trade governance. The chapter reviews the prospects for resolving current trade tensions and revitalizing the multilateral system through a discussion of the measures that could constitute EU trade leadership in the G20.
- Type
- Chapter
- Information
- Coherence of the European Union Trade Policy with Its Non-Trade ObjectivesWorld Trade Forum, pp. 208 - 235Publisher: Cambridge University PressPrint publication year: 2023
References
Bery, S. 2018. “The G20 Turns Ten: What’s Past Is Prologue,” Bruegel Policy Contribution No. 10 (November).Google Scholar
Council of the European Union. 2019. “Council Decision (EU) … authorizing the opening of negotiations with the United States of America for an agreement on the elimination of tariffs for industrial goods,” 6052/19, 9 April. www.consilium.europa.eu/media/39180/st06052-en19.pdf.Google Scholar
Drezner, D. 2014. “The System Worked: Global Economic Governance during the Great Recession,” World Politics, 66(1): 123–164.CrossRefGoogle Scholar
European Commission. 2021. “Trade Policy Review – An Open, Sustainable and Assertive Trade Policy.” COM(2021) 66 final. www.eesc.europa.eu/en/our-work/opinions-information-reports/opinions/trade-policy-review-open-sustainable-and-assertive-trade-policy.Google Scholar
Evenett, S. and Fritz, J. 2015. The Tide Turns? Trade, Protectionism, and Slowing Global Growth. 18th Global Trade Alert Report. London: CEPR Press.Google Scholar
Fiorini, M. and Hoekman, B. 2018. “Trade Agreements, Regulatory Institutions and Services Liberalization,” Global Policy. https://doi.org/10.1111/1758-5899.12583.CrossRefGoogle Scholar
Hannah, E., Scott, J., and Wilkinson, R. 2017. “Reforming WTO–Civil Society Engagement,” World Trade Review, 16(3): 427–448.Google Scholar
Hannah, E., Scott, J., and Wilkinson, R. 2018. “The WTO in Buenos Aires: The Outcome and Its Significance for the Future of the Multilateral Trading System,” The World Economy, 41(10): 2578–2598.Google Scholar
Hoekman, B. 2019. “Urgent and Important: Improving WTO Performance by Revisiting Working Practices,” Journal of World Trade, 53(3): 373–394.Google Scholar
Hoekman, B. 2020. “WTO Reform Priorities Post-COVID-19,” East Asian Economic Review, 24(4): 337–348.Google Scholar
Hoekman, B. and Kostecki, M. 2009. The Political Economy of the World Trading System. Oxford: Oxford University Press.Google Scholar
Hoekman, B. and Sabel, C. 2019. “Open Plurilateral Agreements, International Regulatory Cooperation and the WTO,” Global Policy, 10(3): 297–312.Google Scholar
Hoekman, B. and Sabel, C. 2021. “Plurilateral Cooperation as an Alternative to Trade Agreements: Innovating One Domain at a Time,” Global Policy, 12(S3): 49–60.Google Scholar
International Monetary Fund (IMF). 2019. World Economic Outlook: Global Manufacturing Downturn, Rising Trade Barriers. Washington, DC, October.Google Scholar
USTR. 2020. “Economic and Trade Agreement between the Government of the United States and the Government of the People’s Republic of China,” 15 January. https://ustr.gov/sites/default/files/files/agreements/phase%20one%20agreement/Economic_And_Trade_Agreement_Between_The_United_States_And_China_Text.pdf.Google Scholar
Von der Leyen, U. 2019. “A Union That Strives for More: My Agenda for Europe,” https://commission.europa.eu/system/files/2020-04/political-guidelines-next-commission_en_0.pdfGoogle Scholar
Wolfe, R., 2015, “First Diagnose, then Treat: What Ails the Doha Round?” World Trade Review, 14(1): 7–28.Google Scholar
Wouters, J., Van Kerckhoven, S., and Odermatt, J. (2013) “The EU at the G20 and the G20’s Impact on the EU,” in Van Vooren, B., Blockmans, S., and Wouters, J. (eds.), The EU’s Role in Global Governance: The Legal Dimension. Oxford: Oxford University Press, 259–270.Google Scholar
Zhan, J. 2016. G20 Guiding Principles for Global Investment Policymaking: A Facilitator’s Perspective. E15 Initiative. Geneva: International Centre for Trade and Sustainable Development (ICTSD) and World Economic Forum.Google Scholar