Trade policy: With Japan, Canada, Australia and other countries: Rich advisors present plan for trade NATO
Canada could become an associated EU member: According to a group of economists, this could be the starting point for a reinvention of European trade policy.
Germany's Federal Ministry of Economics advisory board has proposed a new concept for trade policy, suggesting "plurilateral resilience agreements" to counter trade attacks. These agreements would allow like-minded countries to jointly assess cases of economic coercion, coordinate diplomatic reactions, and establish response mechanisms.
The board, led by Felix Bierbrauer, sees potential partners including Canada, Japan, Australia, and the UK, and cites the possibility of Canada becoming an associated EU member. The agreements aim to provide a counterbalance to the trade policies of China and the US, which have been undermining the multilateral order.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
