Global Governance through Trade
Show Less

Global Governance through Trade

EU Policies and Approaches

Edited by Jan Wouters, Axel Marx, Dylan Geraets and Bregt Natens

The 'new generation' of EU trade policies aims to advance public goods - such as promoting sustainable development, protecting human rights and enhancing governance in third states. These developments raise important questions surrounding extraterritoriality, coherence and legitimacy. In Global Governance through Trade leading scholars provide a cohesive overview of relevant papers and case studies to answer these questions and provide an in-depth assessment of the European Union's new trade policies.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 3: Good global governance through trade: constitutional moorings

Joris Larik


Ensuring good global governance through trade is not just a powerful idea,or a global ‘strategy’; it is also firmly anchored in the highest laws of the European Union (EU or Union) – its ‘constitutional charter’. According to the Treaty on European Union (TEU), the EU is to ‘promote an international system based on stronger multilateral cooperation and good global governance’ (Article 21(2)(h)) and ‘uphold and promote its values and interests’ (Article 3(5)) in its external relations. One crucial means to these lofty ends is the EU’s Common Commercial Policy (CCP). This policy is concerned a priori with the pursuit of goals at the heart of international trade, such as ‘free and fair trade’ (Article 3(5) TEU) and ‘the harmonious development of world trade, the progressive abolition of restrictions on international trade and on foreign direct investment’ (Article 206 Treaty on the Functioning of the European Union (TFEU); see also Article 21(2)(e) TEU). However, as a textual innovation through the Lisbon Treaty reform, the CCP is henceforth to ‘be conducted in the context of the principles and objectives of the Union’s external action’ (Article 207(1) TFEU). Among these, we find now a plethora of foreign policy objectives – a ‘wish list for a better world’, if you will – which can be placed under the general conceptual umbrella of ‘good global governance’. ‘Global governance’ can be defined as ‘the management of global problems and the pursuit of global objectives through concerted efforts of states and other international actors’.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.