In the new geo-economic era, trade policy does not just follow trade logics, but also the logic of security policy and geopolitics. The EU needs an effective and credible anti-coercion instrument to meet the challenge. Here is how the EU could go about it.
The European Commission is now moving up a gear in preparing a long-announced new trade regulation, a so-called ‘anti-coercion’ instrument. A preliminary consultation period ended mid June. The actual relevant piece of legislation will be presented before the end of 2021.