These are tough times for the European Unionâ€™s trade policy. Public sentiment has never been more hostile to the idea of free trade than it is now. An area previously of interest only to specialists of technical issues like tariff schedules, quotas, customs rates and trade balances is now the subject of impassioned street protest and furious rhetoric over the perceived risks of such deals for consumer rights and more. Free trade is now so contentious that nervous ministers are ready to block even the most modest of EU agreements.
This past year has already seen many setbacks for trade.