Trade policy reflections beyond the COVID19 outbreak

This note provides an analysis on the implications of the COVID19 on a number of key areas in international trade policy. It reviews the range of existing literature and present findings from some in-house analysis conducted by DG TRADE. It provides clear evidence in support of the role of trade in the post COVID19 era while highlighting how harmful protectionist measures must be avoided in order to stimulate a successful economic recovery. Finally, it focuses on bringing together the most recent and persuasive facts and figures to show how embracing new technologies along with an open trade policy will help solve issues with global value chains and improve their preparedness and resilience to any future shocks.