Baltic Rim Economies 2/2020

A special issue on trade policy

Published on the 29th of May 2020

Let’s empower the European way

“We are in the midst of a global crisis. The decisions people and governments take in the next few weeks will shape the future of our societies for years to come. Within only a short period of time we make choices that affect people’s lives over the next decade. The nature of emergencies is that all of a sudden processes that used to be stuck in bureaucracy start running in leaps.”

Elina Lepomäki
Member of Parliament, National Coalition Party

China is committed to building an open world economy

“In January this year, China and the United States reached the phase-one economic and trade agreement, representing an important step towards resolving China-US trade friction. The agreement not only serves the interests of the two countries and their peoples, but also has strengthened the confidence of the market, stabilized market expectations, and created a good environment for business activities, especially when the global economy is currently under downward pressures.”

Chen Li
Chinese Ambassador to Finland

Lessons learnt from the 1930s: Protectionism is not the way to exit from the COVID-19 crisis

“As a result of COVID-19 we are probably facing the most challenging global economic crisis since the Great Depression of the 1930s. The big question is whether we have learnt our lessons so that we can avoid making the same mistakes that were made 90 years ago. Protectionism was not and will not be the right response. Free- and rules-based trade is the best-known counter-medicine for protectionism and has the advantage of lowering the costs of goods and services for both producers and consumers.”

Petri Vuorio,
Director of EU Affairs and Trade Policy,
Confederation of Finnish Industries EK’s Brussels Office

Protectionism, managed trade, and transactional deals: Trump’s ‘America First’ trade policy

“When Donald Trump took office in January 2017, he laid out his trade policy agenda quite clearly. However, few observers believed that he would fully follow through with his “America First” approach. Many, who saw in Trump’s election rhetoric more than just words, argued that Congress would eventually reign in the new president.”

Stormy-Annika Mildner,
Dr., Head,
Department External Economic Policy, Federation of German Industries,

Adjunct Lecturer,
Hertie School of Governance,

Baltic Rim Economies 2/2020 includes the following Expert articles

Elina Lepomäki: Let’s empower the European way

Chen Li: China is committed to building an open world economy

Vani Rao: India can build tech-partnerships with Finland and Estonia

Eija Rotinen: Stable and prosperous Chile in turmoil

Jason Tolland: A modest economic proposal: One Canadian’s take on trade relations

Facundo Vila: Mercosur and the European Union

Louise Curran & Jappe Eckhardt: The backlash against economic globalization: How did we get here and what should be done?

Petri Vuorio: Lessons learnt from the 1930s: Protectionism is not the way to exit from the COVID-19 crisis

Julia Grübler: COVID-19 is complicating global trade debates

Tobias Gehrke: Economic interdependence after the Corona shock

Ari Van Assche: COVID-19 strains global value chains in more ways than we think

Beata Javorcik: COVID-19 will revolutionise global supply chains

Kent Wilska: Trade policy and labor rights challenges for global value chains

William A. Reinsch: A new approach to trade

Martin S. Edwards: Changing the TPRM: Is less more?

Heli Honkapää: New era in trade dispute settlement

Bernard Hoekman & Petros C. Mavroidis: Addressing the dispute settlement crisis at the WTO

Sandra Polaski: The WTO in crisis: What does the future hold?

Pasi-Heikki Vaaranmaa: Reforming the WTO: Trade rules for the 21st century

Inu Manak: The new NAFTA and the end of U.S. leadership in trade

Stormy-Annika Mildner: Protectionism, managed trade, and transactional deals: Trump’s ‘America First’ trade policy

K. C. Fung: Future U.S. trade policy towards China

Hyeonjung Choi: Hope and despair: The RCEP and the US-China trade war

Kari Liuhto: China in the global economy before the COVID-19 outbreak

Tero Vauraste: Steely silkroad between China and Europe

Nam Foo: Revisiting the impact of China’s One Belt One Road initiative on international trade policy

Shihoko Goto: Japan’s new trade conundrum amid the pandemic

Steven Blockmans: EU policy for changing global trade winds

Patricia Garcia-Duran Huet & Leif Johan Eliasson: EU trade and investment policy

Katharina Meissner: The European Parliament: A tough trade negotiator?

Shamel Azmeh: Europe and the governance of the digital economy

Susanne Baker: How trade policy can grow the European green tech sector

Nathalie Moll & Koen Berden: The EU-UK future relationship from an innovative-medicines perspective

Nicholas Perdikis: Post Brexit: What direction for UK trade policy?

Rupert Gather: Sovereignty and economics

Pervez N. Ghauri: Brexit: What now?

Amit Kara: UK trade policy after Brexit

Markus Kantola: The British Conservative Party and the EU: Friends or foes?

Alicia García-Herrero & Jianwei Xu: China and EU’s competition in the Russian market: Much stronger for trade than for investment

Nadezda Volovik: Russia-EU trade development under the sanctions

Maxim Medvedkov: Trade policy and Russia

Iikka Korhonen: Sanctions and the Russian economy

Sergei Sutyrin & Nikita Lomagin: How the US-China trade war effects Russia

Alexey Kuznetsov: Russia’s economic turn to the global south

Nicholas Ross Smith: When the COVID-19 threat subsides, the EU should employ a “Neue Ostpolitik” towards Russia

Sergei Sinelnikov: Russia and Finland: Searching for new drivers of growth

Lauri Veijalainen: Russia’s rough spring

Tatiana Evdokimova: Russian economy feeling the pain

Evgeny Vinokurov: The free trade agreements of the Eurasian Economic Union

Urpo Kivikari: The development of democracy after socialism

Peter Havlik: 30 years after: Expectations and outcomes

Erja Kettunen: Sustainable development and Free Trade Agreements

Peter Kalunda Kiuluku: Contours of Africa’s new trade policy architecture

Anna Karhu: Turning point in trade policy: Need for multidisciplinary co-operation