US EditionThe EU is increasingly trading with dictators, ECB warns
EUROPEAN UNION, JUL 8 – EU trade with autocratic regimes funds their expansionist agendas and supports critical resources for the bloc’s green transition, ECB economists report rising imports since 1999 despite sanctions.
- On Tuesday, a blog post by researchers from the European Central Bank highlighted that the EU’s trade with authoritarian governments has been increasing, thereby supporting their expansionist agendas.
- This trend has risen steadily since 1999 and is driven partly by the EU reallocating imports toward less democratic countries amid declining governance quality among partners.
- The blog explains that key rare earth materials needed for the EU's green transition mainly come from autocratic countries, creating a trade-off between values and resources.
- The blog highlighted that engaging in trade with authoritarian regimes typically supports governments pursuing aggressive and expansionist military goals, which could ultimately threaten the EU's stability.
- Although the trend only recently showed interruption, the findings suggest reputational risks and that the EU may unintentionally support autocrats despite its values-based trade pledges.
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Trading with dictators, EU may be funding threats to itself, ECB says
The European Union is increasingly trading with autocratic regimes, funding their often expansionary strategy and potentially aiding an existential challenge to the bloc itself, a European Central Bank blog post said on Tuesday.
·United Kingdom
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The EU has as far as more economic relations with countries bordering democracy or even dictatorships are the conclusion that a study of the European Central Bank, says Politico.
·Romania
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The EU has increasingly done business with autocratic governments over the past 25 years, as a study shows. The democracy index of trading partners has declined in terms of the moral implications of trade and the human rights situation.
·Munich, Germany
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Coverage Details
Total News Sources16
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
13%
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