Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
What happens when the 'development of regional groupings' is in practical conflict with the 'need for global coordination of economic policy'? You can want both but as a practical matter the first is an existing element of the EU's trade strategy (through EPAs) which exists as a way of restructuring global trade in the absence of a prospect of coming to a global agreement through the Doha round.

As the EPAs seem less harmful than the Doha round this is not a bad thing on account of getting a global arrangement. Better nothing than Doha. But the accompanying construction of regional trading blocs in the service of the EU market is a questionable matter.

by nanne (zwaerdenmaecker@gmail.com) on Sat Nov 28th, 2009 at 10:33:29 AM EST
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