Protectionism in the EU: impact on market relations with partner countries

Abstract

The article describes theoretical foundations of protectionism policy through the prism of its indicators (markers). In this research it was found that protectionism in the EU countries is heterogeneous and negatively affects market, political and economic relations between member states and harm relations with external partners of the EU. The reasons for the application of restrictive measures and their nature are outlined. The key trends of European protectionism are determined, as well as the analysis of the consequences of trade restrictions in the context of political and diplomatic relations between national governments of the member states and partner countries.