Transatlantic Trade Week 2023: Session Two
The global trading system is becoming increasingly contested as domestic, climate, and national security priorities play a larger role in U.S. and EU policymaking. In the United States, the Biden administration – with an approach that has been called “friendshoring” – is looking to reorient supply chains toward like-minded partners. In the European Union, several new policy tools – an anti-coercion instrument, a strengthened anti-subsidy measure, and a reciprocal approach to government procurement – all reflect a more geoeconomic approach to policy making. In both economies there is an interest in using trade policy to advance climate goals, including ongoing U.S.-EU talks aimed at a fresh approach to sustainable and fairly produced steel and aluminum. The American-German Institute and the Konrad Adenauer Stiftung aim to stimulate debate on this evolution in transatlantic trade policy during the third year of their “Transatlantic Trade Week.”
May 17 – Session Two
Reconciling Trade and Climate Policies: The WTO and Beyond
This online session discusses the prospects for reform of WTO rules to facilitate the multilateral trading system’s response to climate change, the U.S. Inflation Reduction Act and a potential U.S.-EU critical minerals agreement, the EU Carbon Border Adjustment Mechanism, as well as negotiations toward a U.S.-EU Global Agreement on Steel and Aluminum and the German government proposal for a “Climate Club.
Chad Bown, Reginald Jones Senior Fellow, Peterson Institute for International Economics
Maria Martin-Prat, Deputy Director-General, DG Trade, European Commission
William Reinsch, Senior Adviser and Scholl Chair in International Business, Center for Strategic & International Studies
Claudia Schmucker, Head of the Center for Geopolitics, Geoeconomics, and Technology, German Council on Foreign Relations
Peter Rashish, Vice President & Director, Geoeconomics Program, AGI
Concluding remark from Kai Whittaker, MdB, on Transatlantic Trade Week 2023
This event is supported by and presented in partnership with the the Konrad Adenauer Stiftung.