Cost of Warning to Use Export Restrictions as "Arm" Counters Open and Fair Trade

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The President of the European Council warned that the use of export restrictions on supply chains as "a weapon" is contrary to any claim for open and fair trade.

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When it comes to electrification of road traffic, do you want to remain export champions? This is not going to happen. China will roll up the world markets with its environmental technologies, while Europeans withdraw to the Diesel Reserve.

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Today, the President of the European Council, Antonio Costa, warned Johannesburg that the use of export restrictions in supply chains as "a weapon" is contrary to any demand for open and fair trade, as well as to the defence of the multilateral system. "The extent that supply chains go through a few jurisdictions, restrictions or restrictions on exports threaten the green transition and competitiveness of our industries," said Costa at the top o…