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latest #tradefacts

#10 - Workers threatened by globalisation need support, not protectionism

| recourse to protectionism “to bring back jobs” is not a solution as the number of jobs put at risk will outnumber those directly protected and cause economic damage.

#9 - Trade makes shopping cheaper

| International trade makes both sides of the trade better off: It facilitates economic growth in exporting countries and increases purchasing power on the import side because consumer prices fall.

#8 - Engagement helps making trade more sustainable, not sanctions

| Modern trade agreements increasingly include provisions pertaining to sustainable development, which gives rise to questions about their effective implementation and enforcement.

#7 - TRADE DEFENCE INSTRUMENTS ARE MEANT TO PROTECT THE EU ECONOMY. OFTEN, THEY ACHIEVE THE OPPOSITE.

| Trade defence measures such as antidumping are not well suited to modern international production chains, easily harm the EU economy and consumers.

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