After decades of globalisation and trade liberalisation, the world economy faces significant protectionist challenges. The Ukraine War, COVID pandemic, the spread of populism, and the US-China trade war all put considerable pressure on global value chains, the international trade regime and global governance. The purpose of this course is to provide students with the necessary knowledge to understand and analyse the EU’s role in the global economy and evolving international trade regime. It familiarises students with the workings of EU trade and foreign economic policy and the World Trade Organisation. It further introduces students to different substantive trade domains including goods and services trade, trade defence instruments and sanctions, the diffusion of free trade agreements, investment regulation and investor state dispute settlement as well as sources of regulatory power in world markets known as the 'Brussels effect'. It also dwells on the implications of the rise of new economic powers such as China and India for EU trade and foreign economic policy and the World Trade Organisation.