Articles on Issue Theme
Ştefan Marian DUMITRU
Academia de Studii Economice din Bucureşti
In an era of an increasing number of trade agreements as well as an ever larger number of trade disputes, the European Union has focused on the former, betting on trade liberalisation as the key to increasing cooperation and economic growth. In this article, I shall make three arguments partaking to the European Union’s trade policy and focus on trade agreements. First, the European Union’s efforts in negotiating and signing new trade agreements have been problematic due to the difficulties in achieving policy effectiveness, efficiency and legitimacy, as opposition due to the unpopularity of trade agreements has increased. Second, trade agreements are influenced by swings in public opinion, which, in its turn, is swayed depending on the way in which the agreements have been framed. Third, in an increasingly interconnected world, it would seem that trade agreements are also subject to this interconnectedness, more than it was previously believed. Taken together, these arguments compel us to state that EU trade policy and trade agreements are undertaken in a particularly difficult and constantly changing economic scene, which makes it difficult to achieve agreements not only for the present but also for the future.
ŒCONOMICA no. 3-4/2018
Keywords: European Union, international trade, foreign policy, governance
JEL: F02, F10, F16, F50, F51, F53, F59
European Trade Policy in Interesting Times
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