Rebooting Multilateral Trade Cooperation: Perspectives from China and Europe

China - 12 July 2021

Rising geopolitical and geoeconomic tensions among major trade powers are undermining the rules-based multilateral trade order. China, the EU, and the US – the three WTO members with the largest global trade shares – play a critical role in keeping the WTO fit for purpose in a rapidly changing world economy.  WTO reform is a triangular challenge in the sense that if the three largest trade powers cannot agree, progress is not possible. Tripartite deliberations on address underlying sources of tension and disagreement have been missing. Engagement has instead been bilateral: US–China, EU–China, EU–US.  In this new VoxEU ebook edited by Bernard Hoekman, Tu Xinquan and Wang Dong, teams of mostly Chinese and European experts reflect on key challenges confronting the global trading system and offer pragmatic suggestions for rebooting multilateral cooperation.The ebook is published in the framework of the RESPECT project and can be downloaded from the VoxEU website.Link: Rebooting Multilateral Trade Cooperation: Perspectives from China and Europe - Global Governance Programme (eui.eu)

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