Trade policy

How to de-risk: European economic security in a world of interdependence

The question is how exactly the EU should ‘de-risk’ its external economic relationships without foregoing the benefits of trade.

Paris report 2: Europe's economic security

European Economic Security: Current practices and further development

Key factors likely to shape the EU’s trade agenda in the next five-year term

Using the financial system to enforce export controls

Russian imports of battlefield goods that are subject to export controls, including from Western producers, have surged since mid-2022

Industrial policy for economic security

Use the financial system to enforce export controls on Russia

Prohibition of Western tech exports to Russia is not working; rapid measures are needed to tighten up

Emerging countries have replaced most of Russia’s lost trade with advanced economies

Russian trade overall seems to have suffered little from sanctions; meanwhile, medicine and food trade continues with sanctioning countries

Global supply chains: lessons from a decade of disruption

This paper revisits the effects of three shocks on the functioning of global supply chains.

Knowledge spillovers and geopolitical challenges in global supply chains

Our main message is that policies restricting knowledge flows should be limited to narrowly defined areas of strategic importance.

The European Union-Russia energy divorce: state of play

EU-Russia energy trade has fallen hugely since Russia’s invasion of Ukraine, but the EU could still do more to reduce dependence

The post-election Taiwanese economy: decisions ahead and takeaways for the European Union

The EU should try to attract more business from Taiwan, though Taiwan’s January 2024 election has not made the job easier

A smart solar strategy for Europe

Smart measures, not tariffs or blunt subsidies, should be deployed to strengthen Europe’s standing in solar power

Global Supply Chain Resilience: Facts and Implications

US and UK strikes in Yemen: implications for global energy markets

While trade disruptions arising from the conflict in the Red Sea are so far minimal, a further regional escalation could impact global energy prices.

Taiwan’s future economic direction hinges on the election outcome

Depending who wins Taiwan’s 13 January election, the island could swing towards closer relations with China, or entrench decoupling from China.