9 months, 4 weeks ago
Dutch central bank leader warns of global tensions’ impact on trade
NL TimesIncreasing geopolitical tensions and trade restrictions between economic blocs and countries around the world are having a negative impact on free trade and investment. European politicians must therefore work to protect free trade and further strengthen the EU single market, said Knot. Over the past five years, threats to free trade and investment have increased and resistance to globalization has grown, Knot stated. The fragmentation of economies in the form of increasing trade restrictions leads to higher import prices and reduced access to technology and knowledge, according to Knot.
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