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Comprehensive trade agreements: conditioning globalisation or eroding the European model?

Bongardt, Annette and Torres, Francisco (2017) Comprehensive trade agreements: conditioning globalisation or eroding the European model? Intereconomics, 52 (3). pp. 165-170. ISSN 0020-5346

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Identification Number: 10.1007/s10272-017-0667-6

Abstract

trade dynamics within the EU are presently pushing it towards deepening globalisation through bilateral comprehensive trade agreements which establish far-reaching rules that govern the bilateral trade relationship. The European Commission has defended these agreements as a vehicle through which to promote world trade in accordance with European values and norms. However, the theory of fiscal federalism and the principle of subsidiarity tell us that one should not centralise decisions at the supranational level which are better taken at the national or regional level when there are different preferences among countries or regions. Consequently, member state and regional competences ought not to be perceived as a mere obstacle to swift trade deals. Rather, they can provide an important checks and balances function with regard to whether EU trade policy is truly working to condition globalisation according to European values and preferences.

Item Type: Article
Official URL: http://www.intereconomics.eu/
Additional Information: © 2017 Leibniz Information Centre for Economics
Divisions: European Institute
Subjects: H Social Sciences > HF Commerce
J Political Science > JN Political institutions (Europe)
J Political Science > JZ International relations
Sets: Departments > European Institute
Date Deposited: 11 Jul 2017 13:02
Last Modified: 20 Jun 2020 02:30
URI: http://eprints.lse.ac.uk/id/eprint/83418

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