3 July 2024

To Beat Populism, the EU Must Get Strategic on Trade - OPINION

Noel Clehane

While the EU’s center has held in the face of the far-right advance, the European elections notably confirmed the pre-vote predictions of its twin heavyweights. Less than two weeks earlier, French President Emmanuel Macron carried out Paris’s first state visit to Berlin in nearly a quarter-century, seeking to rekindle the Franco-German engine at the heart of European integration and urging Europeans to “wake up” to curb populism’s democratic threat. Although the far-right faired particularly well in both countries – prompting Macron to call a shock snap election – their leaders’ vision for Europe remains equally poignant.

In a joint Financial Times editorial, Macron and German Chancellor Olaf Scholz outline this European awakening, prescribing an enhanced Single Market paired with ramped up EU innovation and investment to bolster the bloc’s sovereignty amid rising geopolitical tensions and global competition. Encouragingly – given protectionism’s return to fashion – they avoid pitting competitiveness and trade against each other, calling instead for a ‘robust, open and sustainable” approach that “allows fair trade agreements and promotes EU interests.”

By leveraging an ambitious and coherent external economic agenda, including trade policy, the EU can fuel competitiveness, diversify supply chains and accelerate its twin green-digital transitions in a way that delivers for its citizens and SMEs, addresses the roots of populism’s resurgence, and supports the growth of Europe’s global partners.

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