Akal, Mustafa; Şen, Recep
June 2003
Ekev Academic Review;Summer2003, Vol. 7 Issue 16, p265
Academic Journal
The foreign trade of the European Union member countries with the world is still important even the internal trade among members has been increasing for the years. As a ratio, the imports from the Asian continent have increased more than the exports to this continent, on the other hand; the exports to the other countries in the European continent have increased more than the imports from these countries. The larger portion of the external trade of the EU members and the union as a block has been with the industrial countries. Both the direction of foreign trade and distribution of it change starting with the membership of a country to the union. The imports from both the NAFTA and the EFTA were substituted from the EU countries after a country has become a member of the EU. Both the EU and its members had an export advantages against these blocks, compared to their imports from. There has been an increase in the imports of the union from AFTA in recent years. This is the implication of the weakness of the union against the AFTA countries which have much lower wage cost to compute with the EU in the traditional industries. The EU is still an important trade partner for the other world blocks. However, there exists a trade distortion between the EU and both the African developing countries and the other blocks while there has existed a trade creation between the EU and both the EFTA and the OECD blocks as the union extends.


Related Articles

  • External Sector.  // Montenegro Economic Trends;Jul2004, Issue 17, p62 

    Deals with the trends in the external sector of Montenegro for the first quarter of 2004. Key imports of the country in 2003; Structure of exports of the country in the first two months of 2004; Total trade of goods in 2003.

  • FOREIGN TRADE OF THE USSR IN THE POSTWAR YEARS.  // Problems of Economics;Oct66, Vol. 9 Issue 6, p3 

    Focuses on the foreign trade of the Union of Soviet Socialist Republics (USSR) in the post war years. Statistical data on exports from the USSR; Information on the import of commodities into the USSR; Data on the volume of foreign trade of the Soviet Union distributed by groups and individual...

  • What the U.S. Buys and Sells.  // World Almanac for Kids;2001, p118 

    This article provides information on import and export trade conducted by the United States. When companies or countries buy and sell their products or services to other companies or countries, we call this trade. Exports are goods that one country sells to another country. Imports are goods...

  • On the Role of Regional Government in the Development of Trade Relations Between Russian Regions and CIS Member Countries. Bludova, S. N. // Problems of Economic Transition;Apr2005, Vol. 47 Issue 12, p35 

    The article focuses on the role of regional government in the development of trade relations between Russian regions and Commonwealth of Independent States (CIS) member countries. The collapse of the Soviet Union confronted Russia with the necessity to establish qualitatively new economic...

  • Part One: The Economy and the Business Environment: Foreign Trade. Reuvid, Jonathan // Doing Business with Slovakia;2005, p23 

    The article reports on the shift in the foreign trade activities of Slovakia since 1991. Higher share of Slovakia's foreign trade remains with Central and Eastern European countries, the Baltic States and the Commonwealth of Independent States. During the period between 1992 and 2001, the...

  • Foreign Trade Records Historical High in March. Wang, Lily // China Chemical Reporter;5/6/2006, Vol. 17 Issue 13, p7 

    The article reports on a 25.8% increase in the accumulative total import and export value of China to $371.3 billion during the first quarter of 2006. Key issues discussed include the factors behind China's foreign trade performance during the period, the biggest trading partners of China and...

  • International Briefs.  // Marketing News;12/1/1978, Vol. 12 Issue 11, p2 

    Reports on the merchandise trade deficit in the U.S. in the third quarter of 1978. Comparison of the trade deficit with the financial results in the second quarter; Increase in the export and import levels in the country; Factors contributing to the improved export levels in the nation.

  • External Sector.  // Montenegro Economic Trends;Dec2005, Issue 21, p76 

    Explores data on the foreign trade sector of Montenegro for the first three quarters of 2005. Amount of total goods exports; Level of machine and transport equipment imports; Trade deficit and current account deficit.

  • International trade indicators.  // Monthly Statistics of International Trade -- Statistiques mensue;Jul2003, Vol. 2003 Issue 7, p11 

    Presents charts of international trade indicators for OECD member countries for the period of 2001 to 2003. Total imports in 2001; Exportations in 2002; Net trade for 2001 and 2002.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics