Revised version appears as “Between Regionalism and Globalism: European Union Transregional and Inter-Regional Trade Strategies” in Vinod Aggarwal and Edward Fogarty, eds., European Union Trade Strategies: Between Globalism and Regionalism (London: Palgrave, 2004). BETWEEN REGIONALISM AND GLOBALISM: EUROPEAN UNION TRANSREGIONAL AND INTER- REGIONAL TRADE STRATEGIES Vinod K. Aggarwal Berkeley APEC Study Center 802 Barrows Hall, #1970 University of California, Berkeley Berkeley CA 94720-1970 Email:
[email protected] and Edward A. Fogarty Department of Political Science 210 Barrows Hall, #1950 University of California, Berkeley Berkeley CA 94720-1950 Email:
[email protected] August 2003 1. Introduction The collapse of multilateral trade talks under the auspices of the World Trade Organization (WTO) in Seattle in November 1999 challenged international policymakers’ attempts to strengthen the institutional basis of the global economy. Yet these policymakers’ failure in Seattle did not attenuate the expansion of global market forces, nor the strong incentives for governments to seek to institutionalize their transnational commercial relations at the broadest possible level. Although the November 2001 Doha trade talks succeeded in launching a new round of multilateral discussions, there is little question that the trading system looks increasingly fragile and the deadlines for a new round unrealistic. Moreover, leading governments, and especially the United States, have consistently proven receptive to calls for protection