Delegation of the European Union to China
Head of Press and Information section Luca Eszter KADAR
Deputy Head of sectionNicolo GASPARINI
+7 495 721 20 00/09
There are numerous, ongoing cooperation projects which maintain and strengthen the EU-Russia relationship.
Over the past decades, companies have been organising their chains of production globally, looking at the comparative advantage of various production locations. It has brought more prosperity throughout the globe, including by bringing more people out of poverty than any other efforts. However, in recent years, talks of an ongoing de-globalisation have become more audible, supported by protectionism, trade wars but also the necessity to better take into account the fight against climate change and social consequences such as an increase in inequality. What will the impact of the COVID crisis be on the way we trade and invest, i.e. on the Global Value Chains (GVCs) as we call them?