The Future of World Trade: EU Priorities for the Global Trading System after the Crisis

01 March 2011

World trade is recovering from its sharpest decline since the Great Depression. Europe remains the world’s leading trading entity, despite the crisis. The authors of this paper assert that the EU should not retreat to protectionism, but should rise to the post-crisis challenge. The paper assesses how Europe can do this through strengthening the single market, proposes various objectives for external trade policy and examines the need for greater political advocacy regarding the benefits of open markets.

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