The European Union's Anti-Coercion Instrument, designed to protect its economic interests, remains dormant as it has not yet been activated against key trading partners like the United States. According to the results published in the material, this delay highlights the EU's ongoing struggles with procedural complexities and a historical hesitance to implement trade defense measures promptly.
Challenges Faced by the Anti-Coercion Instrument
Since its introduction in December 2023, the Anti-Coercion Instrument has faced significant challenges in execution. Analysts point out that the EU's institutional framework may not be agile enough to respond to the rapid escalation of tariffs, which could jeopardize its competitive position in global trade.
Call for Reforms to Enhance EU's Responsiveness
Experts are calling for urgent reforms to enhance the EU's responsiveness to external pressures, arguing that a more proactive approach is essential to safeguard its economic interests. Without these changes, the EU risks falling behind in the increasingly competitive international trade landscape.
While the EU grapples with the activation of its Anti-Coercion Instrument, the BRICS nations have recently made strides in promoting local currency trade and commodity-backed finance. For more details, see BRICS initiatives.
