21 Oct: Future of the EU trade policy needs to be open, fair, inclusive and sustainable

(Source: European Economic and Social Committee)

In a plenary debate on the future of EU trade policy in a changing global reality, the EESC stressed that open, fair, inclusive and sustainable trade is the only trade that will deliver a resilient recovery and bring prosperity to business and people. It also acknowledged the key role of the World Trade Organisation towards this effort.

The global trade picture shows that recovery remains heterogeneous. According to recent WTO statistics, an increase of 45% in merchandise trade in the second quarter of 2021 was noted and followed by a 9% decrease in trade …