Beyond Retaliation: A Zero-Tariff Pact Is Europe’s Smartest Move
The EU should offer and call for a zero-tariff agreement with the United States and put the proposal on the table without waiting for permission from Washington. This would send a clear signal to the world that Europe stands for trade, cooperation, and economic development suggests Matthias Bauer in his article for the
European Centre for International Political Economy (ECIPE). The WTO’s relevance has eroded, its dispute settlement system remains paralysed, and according to the Global Trade Alert, protectionist measures have skyrocketed in every EU country over the past decade. A transatlantic zero-tariff agreement is not only politically timely - it is economically sound. Far from bypassing the WTO, such a bold initiative could reinvigorate multilateralism and set a high-standard benchmark for others to follow.
https://ecipe.org
Related Articles:
