Subsidy Wars
Is the Climate Agenda driving a wedge through Global Trade Cooperation?
This podcast episode was recorded on 17 March 2023
Panellists
Elvire Fabry, Senior Research Fellow, Jacque Delors Institute
Alan Beattie, Senior Trade Writer, The Financial Times
Moderator
Rem Korteweg, Senior Research Fellow, Clingendael Institute
The 2023 edition of the AIG Global Trade Series explores the extent and impact of regionalisation on the global trade landscape.
The United States Inflation Reduction Act (IRA), which combines climate policy and industrial policy, caused immediate concerns in Europe. With significant implications for European competitiveness and impact on its Green Deal ambitions, the EU responded primarily with state aid rules relaxation to encourage European green tech firms to stay put.
How will the EU and the US resolve this green subsidy dispute? How can trade and the climate agenda go together? With an increased use of subsidies by the US and Europe, what are the broader implications for the future of multilateral rules-based trade?’
Partners
The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the Aspen Institute Germany; CEBRI - the Brazilian Center for International Relations; Chatham House (UK); the Clingendael Institute (The Netherlands); the Institute of International Economic Law at Georgetown University Law Center (US); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan); and the St. Gallen Endowment for Prosperity through Trade (Switzerland).
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