Europe should be able to explain the positive sides of free trade better, Deputy Director General of the Directorate General for Trade of the European Commission Mauro Petriccione said at the Lennart Meri Conference in Tallinn on Sunday.
Economic growth helps alleviate problems, however economic growth alone does not solve them, Petriccione said speaking on a panel entitled "Free Trade and the Global Economy — Can Growth Be Sustained in a Protectionist World?"
When looking at economic growth, it is high in the case of free trade, however what needs to be understood is that the economy will grow without free trade as well, the deputy director general said. From this point of view, protectionism is a threat but not an existential one, he added.
According to Petriccione, Europe should explain better why free trade enables greater economic growth and distribution. Europe should also argue more clearly why and how free trade contributes positively to the well-being of those who feel left behind, he added.
Editor: Aili Vahtla