We bring together leading academics, experienced trade practitioners and negotiators to address key challenges faced by businesses and governments seeking to expand trade and investment opportunities across the globe.
WORKING PAPER 11
China’s economic rise has transformed the international trade system. Furthermore, given its divergent economic model China is challenging the global economic order in ways that previous Asian competitors never did. In response to systemic rivalry and an increasingly tense international environment, the EU seeks to build more “strategic autonomy” from the United States, its main security benefactor. Economically, the EU policy of Open Strategic Autonomy seeks to maintain openness to trade, while developing tools for dealing with coercive and unfair trade practices. This paper identifies the key elements of this policy, as well as the risks it holds for European economic liberalism.