9789894011637

9894011632

Collected essays.

This book provides a political economy analysis of new globalization challenges and EU trade policy, at a time when the Union faces multiple crises and a weakened multilateral trade order. It analyses governance and sustainability challenges and evaluates the EU’s response. Chapters examine the need for cooperation in global governance in the light of recent crises and the political difficulties of doing so. They seek to better understand what the observed shift from multilateralism to preferential trade agreements, namely the proliferation of deep trade agreements, means for global and regional trade, and how EU trade dynamics interact with the European model. The book also discusses the lessons from the EU’s Comprehensive Economic and Trade Agreement (CETA) with Canada, a deep trade agreement that served as a blueprint for later ones. As the traditional EU free trade stance has been increasingly tested by a combination of crises and geopolitics, some chapters shed light on the EU’s trade policy response and on the impact on global value chains. The book concludes with taking stock of what we have learned and of how EU trade policy copes with new challenges, bringing together the different perspectives on global cooperation and trade, deep trade agreements, EU deep trade agreements and the lessons from CETA, the EU’s Trade and Sustainability Chapters, and the European (economic, social, environmental) model. List of contributors: Annette Bongardt and Francisco Torres; Vitor Gaspar and David Amaglobeli; Aaditya Mattoo, Nadia Rocha and Michele Ruta; Jeffry Frieden; Helena Guimarães; Francisco Pereira Coutinho; Patrick Leblond and Crina Viju-Miljusevic; Sjorre Couvreur, Ferdi De Ville, Thomas Jacobs and Jan Orbie; Eline Blot; Pompeo Della Posta.

List of figures

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Foreword

Preface

Introduction : Qualitative change in EU trade in a weakened multilateral trade order / Annette Bongardt and Francisco Torres

Part I. On economic and political coordination challenges for global governance and deep trade agreements

Chapter 1. Eu governance and trade dynamics in the context of globalization challenges / Annette Bongardt and Francisco Torres

Chapter 2. Europe in the world circa 2030 / Vitor Gaspar and David Amaglobeli

Chapter 3. Evolution of deep trade agreements / Aaditya Mattoo, Nadia Rocha, Michele Ruta

Chapter 4. Global trade in the age of populism / Jeffry Frieden

Part II. On lessons from the EU's blueprint deep trade agreement (CETA) for EU trade policy

Chapter 5. EU FTA's and divided sovereignty : transformative shifts in trade authority / Maria Helena Guimarães

Chapter 6. Legal nature of new generation free trade agreements : lessons from the CETA saga / Francisco Pereira Coutinho

Chapter 7. CETA as the EU's first third-generation trade agreement : does it act like one? / Patrick Leblond and Crina Viju-Miljusevic

Part III. On public and private responses to globalization challenges : EU trade policy and global value chains

Chapter 8. Good geopolitical trade actor? : the European Union's discursive justification of the anti-coercion instrument / Sjorre Couvreur, Ferdi De Ville, Thomas Jacobs and Jan Orbie

Chapter 9. Green horizons : towards a more sustainable trade after the TSD review

Chapter 10. Global value chains and the slowing down of globalisation / Pompeo Della Posta

Part IV. Conclusions and outlook

Chapter 11. On governance and sustainability challenges for EU trade policy / Annette Bongardt and Francisco Torres

Notes on contributors.