EU trade plans will increase protectionism and hinder development

In June, the European Commission drew attention to the increase in protectionist tendencies worldwide. It claimed that over the previous eight months 123 new trade restrictions had been put in place, an acceleration of 25% compared with the previous period studied. However, the Commission’s own proposed trade reforms, published in January, were overlooked. These will push the EU itself towards further protectionism. They will 'hamper the global economy' and ‘hurt developing countries', according to a recent ODI study.

Read the full blog post here

Source: http://www.iea.org.uk/blog/eu-trade-plans-will-increase-protectionism-and-hinder-development

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