• The electronics manufacturing industry depends upon a well-functioning, fair, open, and rules-based international trading system.
• IPC supports the World Trade Organization’s multilateral trading system and the EU’s commitment to strengthen it where possible, including an effective dispute settlement mechanism.
• Strong and well-managed relationships between the EU, US and China are key factors in creating opportunities for European companies.
• IPC supports the development of strategic trading partnerships to create more secure and resilient electronics supply chains.

BACKGROUND

In June 2020, the European Commission launched a major review of its trade policy, in consultation with industry and other stakeholders. The review came in the context of the COVID crisis and other geopolitical challenges and shifting alliances. In this process, the EC explored how trade policy can help to improve resilience and build a model of “open strategic autonomy,” striking a balance between a market that is open for trade and investment and one that protects European interests in strategic areas.

The EU’s agreed approach is aimed at supporting a sustainable economic recovery, protecting European companies from unfair practices, and ensuring that the EU’s trade policy and trading relations are consistent with broader EU values and Europe’s green and digital transitions.

Read IPC’s submission to the European Commission on its Trade Policy.