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EU Leaders Keen to Be the Beacon of Free Trade

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European Union leaders sent a clear signal that the 28-nation bloc will promote free trade, in a show of opposition to the protectionist stance floated by the new U.S. administration.

Faced with President Donald Trump’s “America first” economic policy and a resurgent anti-globalization tilt in their own backyards, EU chiefs gathering on Thursday in Brussels used their last full meeting before Dutch and French elections to express their commitment to open commerce, pointing specifically to deals with Asian nations.

“Europe remains the champion of open, rules-based trade. Not least due to signs of protectionism emerging elsewhere,” said European Council President Donald Tusk, who was re-elected to his position at the meeting. “Trade is central to our economic success and so we will swiftly advance ongoing negotiations, such as with Japan.”

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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