Ограничения и регулации в търговията на Европейския съюз: уроци от пандемията
Restrictions and Regulations in Trade: Lessons from Pandemic

Author(s): Irena Nikolova
Subject(s): Economy, Supranational / Global Economy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Tariff and Non-Tariff Barriers; Barriers to Foreign Trade; Trade Restrictiveness Indices
Summary/Abstract: The coronavirus pandemic has changed the perspectives of societies by transitioning to a new reality often defined as the “new normal”. It is evident that the return of societies and economies to the situation before the pandemic will not happen. Moreover, the digitalization processes are permanently established, and they have significantly accelerated the restructuring of economic sectors as the digitalization level in Southeast Asian countries is significantly higher from those in the other parts of the world. During the pandemic trade in goods and services is not an exception from the whole situation. The expectations for the post-pandemic world are that all those digitalization trends will continue. Moreover, the transition to high-tech manufacturing led to electronic chip shortage and production delays. In parallel, the pandemic closed the borders that is only typical for a war and movement of goods and services was blocked for the first time after WW2. The countries started encouraging the domestic production of goods and delivering services in order to prevent another closure of borders. That resulted in an increase of protectionism by implementing primarily non-tariff measures. The purpose of the paper is to present the main regulations and restrictions in EU trade during the pandemic and to present the expectations after the pandemic. The specific tasks of the paper are related to two main issues: i) Comparison of restrictions and regulations in trade of EU Member States with third countries before and during the pandemic; ii) Present the expected consequences in trade after the coronavirus pandemic is over.

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