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“America is back. The transatlantic alliance is back,” remarked President Joe Biden shortly after he took office. After inheriting the legacy of the Trump administration’s unilateral trade policy that led to transatlantic tensions, President Biden wants to re-engage the United States’ key allies, particularly the European Union, and re-commit to multilateralism. In mid-June this year, President Biden traveled to Brussels during his first overseas trip to participate in a US-EU Summit.
Since joining the WTO in 2001, China has repeatedly shown that it primarily follows its own path, not necessarily matching the expectations of Western economic partners. Against this background, preliminary assessments of the CAI in Europe oscillate between decisive progress and minor improvement.
María Belén Gracia
On October 7, 2020, the European Parliament adopted a Resolution on the implementation of the common commercial policy.