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Trade Restrictions: European Companies

This is a syndicated repost courtesy of True Economics. To view original, click here. Reposted with permission.

BOFIT newsletter out today highlights the scale of restrictive trade measures applicable to the EU exporters across a number of significant markets:

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Of eleven countries included, three managed to lower trade and investment barriers applying to the EU companies over 2017-2019 period, two countries had unchanged barriers, and six showed increasing barriers to trade and investment. In a way, this reflects a shift away from trade and investment globalization focus on the last three decades toward more regionalized and even protectionist policies.
COVID19 pandemic is likely to accelerate this trend.

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