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Trade and 'domestic' policies: the European mix

journal contribution
posted on 2023-06-08, 05:57 authored by Peter Holmes
With increasing economic interdependence, policies and regulations that were once thought of as ‘domestic’ become subject to international trade negotiation and rules. The EU has developed a sophisticated approach to balancing sovereignty and liberalization within the single market, and in recent years has also sought to apply some of the same approaches to the multilateral arena. But the EU is reaching the limits of its own approach internally and has seen great resistance to the explicit extension of the World Trade Organization (WTO) agenda into further regulatory spheres, notably at the WTO at the Cancun meeting. Yet the underlying problems remain. If the WTO cannot negotiate the balance between trade liberalization and regulatory autonomy, whether in food safety or services, there is a risk of excessive reliance being placed on the dispute settlement system, and further challenges to the legitimacy of the WTO.

History

Publication status

  • Published

Journal

Journal of European Public Policy

ISSN

13501763

Publisher

Francis & Tylor On line

Issue

6

Volume

13

Page range

815-831

Pages

17.0

Department affiliated with

  • Economics Publications

Notes

Special Issue: The European Union and the New Trade Politics

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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