Baltic Rim Economies 2/2020
A special issue on trade policy
Published on the 29th of May 2020
“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.”
Member of Parliament, National Coalition Party
“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.”
Chinese Ambassador to Finland
“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.”
Director of EU Affairs and Trade Policy,
Confederation of Finnish Industries EK’s Brussels Office
“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.”
Department External Economic Policy, Federation of German Industries,
Hertie School of Governance,
Baltic Rim Economies 2/2020 includes the following Expert articles
Elina Lepomäki: Let’s empower the European way
Eija Rotinen: Stable and prosperous Chile in turmoil
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
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
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
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
Baltic Rim Economies review is co-funded by the Centrum Balticum Foundation, the City of Turku, the John Nurminen Foundation, the Turku Chamber of Commerce and the Port of Turku.
The University of Turku, the Pan-European Institute or the sponsors of this review are not responsible for the opinions expressed in the Expert articles.
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The review is published 4-6 times a year.