Economic integration best strategy for resilience
Published: 15 Sep 2020
Integrated trade with the rest of the world is the most effective way to secure the EU's supply of goods. It gives companies maximum flexibility to adapt to disruptions during a crisis, the National Board of Trade Sweden concludes in a new report.
The report is part of the National Board of Trade’s efforts to provide a fact-based input to the forthcoming EU trade policy review.
The effects of the corona crisis on supply chains in various sectors are discussed in the report.
– We recommend that the EU do not reintroduce trade barriers that were removed during the early phase of the COVID-19 pandemic – such as removed import barriers, simplified trade procedures and routines for smooth goods transport across borders, says Per Altenberg, the author of the report.
– In the future, the EU should also avoid using export restrictions in response to a crisis, as they have proved ineffective both during previous crises and during the current COVID-19 pandemic.
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