Current trends in the regulation of international trade in the conditions of excessive conflict of geoeconomic interests

Abstract

The purpose of the study is to analyze modern trends in the regulation of international trade in the context of an aggravating conflict of geo-economic interests. It has been established that the need to balance the demands of the global and national economic environment becomes the dominant factor in the transformation of classic protectionist tools into tools of hidden protectionism or neo-protectionism. The use of non-tariff measures to regulate international trade is one of the manifestations of hidden protectionism. It was noted that the increase in the number of regional trade agreements is a consequence of the extraordinary acuteness of tensions between participants in international trade and the loss of confidence in the possibilities of the WTO to solve the problems, not so much the desire of national governments to erect separate trade barriers but an objective process of including countries in the process of foreign trade liberalisation in the context of global competition, which is gaining strength.