Unilateral Trade Measures in Times of Geopolitical Rivalry
Abstract
The European Union’s unilateral trade policy is in motion. On 5 May 2021, the European Commission adopted a proposal for a regulation to tackle foreign subsidies; in March 2021, the Commission launched a public consultation on an ‘anti-coercion’ instrument. As the EU is entering a new era of economic statecraft, a new balance between democratic accountability and efficient decision-making is needed.
