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For @AIGemea #GlobalTradeSeries 2020 I had the pleasure of talking to @ignaciobercero & @elvirefabry abt the EU’s trade strategy amid US-Chinese tensions, Covid19, & how the EU can avoid the lure of protectionism & build domestic support for trade.
Key points below.

THREAD

/1
In response to Covid: “reshoring is unlikely to go very far in the EU”, said Ignacio.

EU too dependent on exports & it’s difficult to localize value chains. But there will be more talk abt strategic stockpiles, diversification of value chains (e.g w Africa) and subsidies.

/2
Ignacio also offered 3 scenarios the EU shd prepare for in light of US-Chinese trade tensions:

1) decoupling,
2) exclusionary trade alliances, tho no decoupling
3) a push for WTO reform.

The EU prefers option 3, obvs.

/3
Read 13 tweets
OK, I have some cool news.

This year's #GlobalTradeSeries events were cancelled due to Covid19, so @AIGemea decided to create a series of "Future of Global Trade" podcasts with an amazing group of trade experts.

Episode 1: Covid19 & the @wto w @J_A_Hillman and Rufus Yerxa.
Link to the podcast "COVID-19 & the Failure of Multilateralism"

aig.co.uk/util/insight-p…

@J_A_Hillman and Rufus Yerxa discuss the challenges facing the WTO, US policies and how to make it better.

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I'm thrilled to be a part of this. What a fantastic initiative, and what rich conversations.
And kudos to @AIGemea for making this possible.

Coming up shortly: Episode 2 on #Brexit w @DavidHenigUK and Marjorie Chorlins @USChamber
Read 3 tweets

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