The Empirical Evidence of the EU–Russia Failed Strategic Partnership: Did it have a Positive Impact on Bilateral Trade?

2021 ◽  
pp. 1-29
Author(s):  
Anna Garashchuk ◽  
Fernando Isla Castillo ◽  
Pablo Podadera Rivera
Keyword(s):  
Bilateral Trade ◽  
Positive Impact ◽  
Trade Flow ◽  
Strategic Partnership ◽  
The European Union ◽  
Main Challenge ◽  
Welfare Losses ◽  
Trading Partners ◽  
Negative Effect ◽  
The Eu

Many observers were casting doubts about the existence of a strategic partnership between Russia and the European Union long before the annexation of Crimea and the subsequent strained relations between the two blocs. Nevertheless, the main challenge of this article is to prove that there was indeed a positive effect regarding the strategic partnership on bilateral trading – together with such factors as the growth of the Russian and EU GDPs per capita, the devaluation of the Russian currency and the oil price increase – by applying the Gravity Model. Based on this model, it was also confirmed that there was a negative effect of the geographical distance and sanctions between parties on the EU–Russia trade flow. Moreover, we tried to predict by means of the Error Correction Models how EU–Russia bilateral trade would have changed according to a scenario wherein the parties continued being strategic partners, and had the sanctions not been imposed. As such, and by the method described, not only was it empirically confirmed that the major partners would have received the most benefit from the strategic partnership with Russia but even Russia’s smaller trading partners are incurring significant welfare losses from sanctions, along with Russia itself.

ON THE POST-SOCIALIST PATH OF DEVELOPMENT OF THE REPUBLIC OF BELARUS AND THE REPUBLIC OF SERBIA

2021 ◽  
pp. 269-289
Author(s):  
Anna Dyrina ◽  
Keyword(s):  
Eastern Europe ◽  
Bilateral Trade ◽  
The European Union ◽  
Federal States ◽  
The Balkans ◽  
Eu Member States ◽  
Trading Partners ◽  
The Republic ◽  
State Of Affairs ◽  
The Eu

The article examines the current state of affairs in Belarus and Serbia - two countries that previously were parts of the socialist federal states, but currently belong to the regions of Eastern Europe and the Balkans/South-Eastern Europe, respectively. The first part of the article is devoted to Belarusian-Serbian relations. Political cooperation is developing at the presidential, governmental and parliamentary levels, and interaction is also carried out at the level of various departments, regions and cities. For Serbia, the support from Belarus on the international scene is important, in particular, in the issue of the territorial integrity and sovereignty of Serbia. The second part of the article is devoted to Serbia’s relations with the EU and the countries of the Adriatic Euroregion. On December 22, 2009 Serbia applied for EU membership. Despite the significant progress in the negotiations, Serbia has not yet become one of the EU member states. The third part of the article analyzes relations between Belarus and its neighbors, as well as cooperation with the EU. The European Union is the second most important market for Belarusian exports (after Russia). The main trading partners of Belarus among European countries, based on the indicators of bilateral trade in 2019, are Germany, Poland, Great Britain, Lithuania, the Netherlands, Italy, Turkey, Latvia, France, Belgium, and the Czech Republic. The article concludes on the state and prospects of Belarusian-Serbian relations, cooperation of Belarus and Serbia with the EU and neighboring countries, and gives a description of the political systems and foreign policy of Belarus and Serbia.

scholarly journals Znaczenie wymiany bilateralnej w handlu zagranicznym produktami rolno-spożywczymi UE i USA

2017 ◽  
Vol 17(32) (2) ◽  
pp. 199-210
Author(s):  
Karolina Pawlak
Keyword(s):  
Bilateral Trade ◽  
Free Trade Area ◽  
Food Products ◽  
Agricultural Trade ◽  
The European Union ◽  
Trade Area ◽  
The Us ◽  
Trading Partners ◽  
American Agriculture ◽  
The Eu

The aim of the paper was to assess the importance of the bilateral turnover to the EU and the US foreign trade in agri-food products in 2001-2016, as well as to define the possibilities of its development after signing the TTIP Agreement. The research is based on the data from the ComExt Database in the resources of the Statistical Office of the European Union (Eurostat) and the USDA Foreign Agricultural Service's Global Agricultural Trade System. It was proved that in 2001-2016 the EU and the US were important trade partners for each other, but the value of bilateral trade in agri-food products remained relatively small, largely due to low complementarity of the Polish and American agriculture and the resulting minor demand for agricultural products from the temperate zone in the US. These products are made in the US, usually at a lower cost, and they are the export surplus of this country. The way to intensify the EU-US bilateral trade may be to develop a transatlantic free trade area, resulting in a strong effect of trade creation between the TTIP parties, with a limited impact on the relationship with other trading partners.

scholarly journals GMM Estimator: An Application to Intraindustry Trade

2012 ◽  
Vol 2012 ◽  
pp. 1-12 ◽  
Author(s):  
Nuno Carlos Leitão
Keyword(s):  
Automobile Industry ◽  
Bilateral Trade ◽  
Positive Impact ◽  
Dynamic Panel Data ◽  
Intraindustry Trade ◽  
Positive Sign ◽  
The European Union ◽  
Economic Dimension ◽  
Explanatory Variables ◽  
Negative Effect

This paper investigates the determinants of intraindustry trade (IIT), horizontal IIT (HIIT), and Vertical IIT (VIIT) in the automobile industry in Portugal. The trade in this sector between Portugal and the European Union (EU-27) was examined, between 1995 and 2008, using a dynamic panel data. We apply the GMM system to solve the problems of serial correlation and the endogeneity of some explanatory variables. The findings are consistent with the literature. The difference between per capita incomes and factor endowments present a positive sign. These results are according to Heckscher-Ohlin predictions. The economic dimension has a positive impact on trade. A negative effect of the distance on bilateral trade was expected and the results confirm this, underlining the importance of neighbour partnerships for all trade.

scholarly journals A gravity approach of agricultural trade: The nexus of the EU and African, Caribbean and Pacific countries

2019 ◽  
Vol 65 (No. 11) ◽  
pp. 509-519 ◽  
Author(s):  
Jeremiás Maté Balogh ◽  
Nuno Carlos Leitão
Keyword(s):  
Positive Impact ◽  
Trade Agreements ◽  
Agricultural Trade ◽  
Agricultural Products ◽  
The European Union ◽  
Industry Trade ◽  
Eu Countries ◽  
Trading Partners ◽  
African Caribbean ◽  
The Eu

The European Union (EU) is one of the biggest traders of agricultural products. In 2017, extra-EU agricultural trade accounted for 7.4% of the total EU international trade. Furthermore, Europe is the main destination for agricultural goods arriving from African, Caribbean and Pacific (ACP) trading partners. The paper analyses the effect of geographical proximity, cultural similarity, free trade agreements on bilateral agricultural trade as well as intra-industry trade between EU member states and its trading partners (intra and extra EU trade), employing gravity model for a period of 1996–2017. Regression results suggest that EU countries export more agricultural products to their common markets. In addition, the export costs of agricultural products are lower if the EU and its external trading partners are culturally similar; have the same religion or both have regional trade agreements. We found a moderate intra-industry trade between the EU and ACP countries at 18%. The results indicate rather inter-industry trade between EU and non-EU members, with a lower index level for ACP countries. A higher positive impact is revealed on the agricultural import between ACP-EU countries than export.

DEVELOPMENT TRENDS AND PROSPECTS OF ECONOMIC AND TRADE COOPERATION BETWEEN CHINA AND UKRAINE

2018 ◽  
Vol 2018 (6) ◽  
pp. 3-12
Author(s):  
Zhang DONGYANG ◽  
Keyword(s):  
Free Trade ◽  
Bilateral Trade ◽  
The United States ◽  
Economic Cooperation ◽  
Free Trade Zone ◽  
Asia Pacific ◽  
Economic Downturn ◽  
The European Union ◽  
Association Agreement ◽  
The Eu

The status and prospects of development of trade and economic relations between Ukraine and China are considered. It is proved that bilateral cooperation in the trade and economic sphere has made significant progress. In 2012–2017, China was the second largest trading partner of Ukraine after Russia. However, the problem of imbalance in imports and exports between Ukraine and China has not yet been resolved. In addition, the scale and number of projects in which Ukraine attracts Chinese investment is much less than investments from European countries and the United States. It is justified that trade and economic cooperation between Ukraine and China is at a new historical stage. On the one hand, Ukraine signed the Association Agreement with the European Union, and on January 1, 2016, the rules of the free trade zone between Ukraine and the EU entered into force. This helps to accelerate the integration of Ukrainian economy into European one. On the other hand, the global economic downturn requires the introduction of innovations in the model of cooperation. The Chinese initiative “One belt is one way” is one of the variants of the innovation model of cooperation. Its significance is to unite the Asia-Pacific region with the EU in order to join the Eurasian Economic Union, create a new space and opportunities for development and achieve prosperity with the Eurasian countries. All this forms unprecedented opportunities for development of bilateral economic and trade relations. It seems that to fully open the potential of Ukrainian economy and expand bilateral trade and economic cooperation, it is necessary to take into account such proposals as the establishment of the Sino-Ukrainian industrial park, the promotion of cooperation in the field of electronic commerce, the formation of the Sino-Ukrainian free trade zone and enhanced interaction within multilateral mechanisms (for example, the Shanghai Cooperation Organization and the interaction of China and the countries of Central and Eastern Europe in the 16 + 1 format).

More medicines for children: impact of the EU paediatric regulation

2018 ◽  
Vol 103 (6) ◽  
pp. 557-564 ◽  
Author(s):  
Sofia Nordenmalm ◽  
Paolo Tomasi ◽  
Chrissi Pallidis
Keyword(s):  
Product Information ◽  
Positive Impact ◽  
The European Union ◽  
Medicinal Products ◽  
Paediatric Regulation ◽  
Line Extension ◽  
Pharmaceutical Form ◽  
Paediatric Drug Development ◽  
Medicines For Children ◽  
The Eu

IntroductionThis paper focuses on the authorisation of new medicines, new indications and new pharmaceutical forms or strengths for use in children and also on the availability of paediatric information in the product information of centrally authorised medicinal products following the enforcement of the Paediatric Regulation on 26 January 2007.ObjectivesTo investigate whether the Paediatric Regulation has led to more medicines available for children in the European Union (EU) and if more information on paediatric use is now available in the product information of medicines authorised via the centralised procedure.Materials and methodsWe retrospectively analysed the centrally authorised medicinal products in the EU that had an approval for an initial marketing authorisation, a type II variation, or a line extension during the years 2004–2006 and 2012–2014. Medicinal products not subjected to the obligations of the Paediatric Regulation were excluded.ResultsIn 2004–2006, 20 new medicines and 10 new indications were centrally authorised for paediatric use compared with 26 new medicines and 37 new indications in 2012–2014. The number of medicines with a new pharmaceutical form or strength for use in children was eight in 2004–2006 and seven in 2012–2014. There was a huge increase in the number of products with changes of paediatric relevance in the summary of product characteristics in 2012–2014 compared with 2004–2006.ConclusionsThe entry into force of the Paediatric Regulation has had a positive impact on paediatric drug development with more medicines available for children in the EU and substantially more information available for clinicians on paediatric use in the product information.

Gravity Models of China's Bamboo and Rattan Products Exports: Applications to Trade Potential Analysis

2019 ◽  
Vol 69 (4) ◽  
pp. 337-344
Author(s):  
Li Huang ◽  
Ke Chen ◽  
Mi Zhou ◽  
Brendan Nuse
Keyword(s):  
Bilateral Trade ◽  
Negative Impact ◽  
Positive Impact ◽  
Trade Flows ◽  
Gravity Models ◽  
Asia Pacific ◽  
Trading Partners ◽  
Significant Negative Impact ◽  
Trade Potential ◽  
Economic Size

Abstract Using export panel data for China and 24 bamboo and rattan trading partners from 2007 to 2017, this study simulates the export trade of Chinese bamboo and rattan products using a gravity model. Our results showed that economic size has a significant positive impact on the bilateral trade of bamboo and rattan products, while absolute distance between two major economic centers and population size have a significant negative impact. Furthermore, relevant Asia-Pacific Economic Cooperation (APEC) trade arrangements have an impact on bamboo and rattan product trade flows from China. Meanwhile, trade of bamboo and rattan between China and APEC countries such as South Korea, Canada, Russia, and Thailand shows much room for growth.

PRIORITIES FOR DEVELOPMENT OF TRADE AND ECONOMIC COOPERATION OF UKRAINE AND KAZAKHSTAN

2021 ◽  
Author(s):  
В.И. Герасимчук ◽  
V. Gerasymchuk
Keyword(s):  
Bilateral Trade ◽  
Economic Cooperation ◽  
World Politics ◽  
Added Value ◽  
Strategic Partnership ◽  
Global Changes ◽  
Brics Countries ◽  
The Usa ◽  
The Impact ◽  
The Eu

Глобальные перемены в мировой политике и экономике происходят под решающим влиянием стран «Большой семерки» и БРИКС, придя на смену биполярному миру (США – СССР). После развала СССР каждая из бывших 15 республик, а ныне независимых государств, выстраивает экономические отношения со странами-соседями, международными и региональными объединениями в соответствие со своими стратегическими намерениями. В статье анализируются тенденции социально-экономического развитии Украины и Казахстана в течение 1991-2020гг. Изложены особенности моделей трансформации экономик двух стран. Методологической основой исследования выступает сравнительный ретроспективный анализ происходящих изменений в экономиках обоих государств с применением рейтинговых инструментов и механизмов. Указаны различия в векторах при выборе стратегического партнерства: для Украины – это НАТО, США и ЕС, для Казахстана – ОДКБ, Россия, СНГ и ЕАЭС, а также Китай, США, государства Центральной Азии и ЕС. Обращено внимание на уязвимость национальных экономик от влияния мировых финансовых кризисов, разрывов прежних кооперационных связей, потерей традиционных рынков сбыта, комплекса нерешенных внутренних проблем. Дана оценка экспортного потенциала экономик двух стран; подчеркнута необходимость увеличения в его структуре продукции с высокой добавленной стоимостью. Детально рассмотрены тенденции развития двустороннего торгово-экономического сотрудничества. Предложен комплекс мер по увеличению товарооборота между Украиной и Казахстаном. Global changes in world politics and economy are taking place under the decisive influence of the G7 and BRICS countries, replacing the bipolar world (USA - USSR). After the collapse of the USSR, each of the former 15 republics, now independent states, is building economic relations with neighboring countries, international and regional associations in accordance with their strategic intentions. The article analyzes the trends in the socio-economic development of Ukraineand Kazakhstanduring 1991-2020. The features of the models of transformation of the economies of the two countries are stated. The methodological basis of the study is a comparative retrospective analysis of the ongoing changes in the economies of both countries using rating instruments and mechanisms. Differences in vectors when choosing a strategic partnership are indicated: for Ukraine, these are NATO, the USA and the EU, for Kazakhstan– the CSTO, Russia, the CIS and the EAEU, as well as China, the USA, the Central Asian states and the EU. Attention is drawn to the vulnerability of national economies to the impact of global financial crises, breaks of previous cooperation ties, loss of traditional sales markets, and a set of unresolved internal problems. The assessment of the export potential of the economies of the two countries is given; emphasized the need to increase its structure of products with high added value. Trends in the development of bilateral trade and economic cooperation are examined in detail. A set of measures has been proposed to increase trade between Ukraineand Kazakhstan.

scholarly journals Environmental sustainable value in agriculture revisited: How does Common Agricultural Policy contribute to eco-efficiency?

2020 ◽  
Vol 16 (1) ◽  
pp. 137-152
Author(s):  
Bazyli Czyżewski ◽  
Anna Matuszczak ◽  
Aleksander Grzelak ◽  
Marta Guth ◽  
Adam Majchrzak
Keyword(s):  
Agricultural Policy ◽  
Common Agricultural Policy ◽  
Positive Impact ◽  
Public Support ◽  
Small Farms ◽  
The European Union ◽  
Cross Sectional ◽  
Sustainable Value ◽  
Negative Effect

AbstractThe conflict between capital-intensive agriculture, often called industrial agriculture, and sustainable farming is ongoing, and not because of Western European countries, where intensification is increasingly sustainable. It is caused by several million small farms in Central and Eastern Europe that must choose a long-term development path. This is also a dilemma for agricultural policy: Are small farms so environmentally friendly that they should play the role of ‘landscape guardians’ at the expense of public support and economic vegetation, or should they strive to improve productivity through investments? This study offers a methodological contribution to the value-based sustainability approach by computing indicators of environmental sustainable value (ESV). The authors have attempted to combine the value-oriented approach with frontier benchmarking. They then tested how the European Union Common Agricultural Policy (CAP) schemes contribute to ESV using a long-term panel of regionally representative farms from Farm Accountancy Data Network (FADN) with regard to factor endowments, for the years 2004–2017. The seminal within–between specification was employed to control the time variant and time invariant space heterogeneity of European regions. The main finding is that higher investment support is beneficial to ESV. Regarding factor endowment influence, there was a positive impact of the capital–labour ratio. Except the cross-sectional impact of environmental subsidies, the payments exert a negative effect on ESV.

Lithuania and the European Union

2019 ◽  
Author(s):  
Ramūnas Vilpišauskas
Keyword(s):  
European Union ◽  
Foreign Policy ◽  
Public Support ◽  
Political Support ◽  
Strategic Partnership ◽  
Coalition Building ◽  
The European Union ◽  
Member States ◽  
Per Capita ◽  
The Eu

For Lithuania, the geopolitical motive to join the European Union (EU) in order to prevent a repetition of the 1940s occupation has been as important as a motive to “return to Europe.” This motivation to become part of the West led the country’s political elites to conceptualize accession into the EU as an important part of the transition reforms which were expected to modernize Lithuania’s economy, public administration, and governance as well as contribute to the country’s security and create conditions for economic catching up. Membership in the EU, accession into NATO, and good neighborly relations became the three cornerstones of Lithuania’s foreign policy since the early 1990s and enjoyed broad political support. It was this support that arguably allowed for the maintenance of political and administrative mobilization and consistency of preparations for the membership during the pre-accession process. Public support for the EU membership remained above the EU average since accession in 2004. Around the time of accession, a new concept of Lithuania as “a regional leader” was formulated by the core of the nation’s foreign policy makers. The concept of a regional leader implied active efforts of mediating between Eastern neighbors and the EU, often in coordination with Poland, which was driven by the desire to stabilize the Eastern neighborhood and advance relations between Eastern neighbors and the EU and NATO. Although coalition building within the EU has been fluctuating between a strategic partnership with Poland and Baltic-Nordic cooperation, also most recently the New Hanseatic league, attention to the Eastern neighborhood and geopolitical concerns originating from perceived aggressive Russian policies remained a defining characteristic of the country’s European policy independent of personalities and political parties, which have been at the forefront of policy making. Completion of integration into the EU, in particular in the fields of energy and transport, as well as dealing with “leftovers” from accession into the EU, such as joining the Schengen area and the euro zone, became the other priorities since 2004. Lithuania has been one of the fastest converging countries in the EU in terms of GDP per capita since its accession. However, membership in the EU Single Market also had controversial side effects. Relatively large flows of emigrants to other EU member states generated political debates about the quality of governance in Lithuania and its long-term demographic trends such as a decreasing and aging population. Introduction of the euro in 2015 was perceived by the public as the main factor behind price rises, making inflation the most important public issue in 2016–2018. High per capita income growth rates as well as the prospect of the United Kingdom exiting the EU triggered discussions about excessive dependency on EU funding, the potential effects of its decline after 2020, and sources of economic growth. There are increasingly divergent opinions regarding further deepening of integration within the EU, especially in regard to alignment of member states’ foreign and security policies as well as tax harmonization. Still, membership in the EU is rarely questioned, even by those who oppose further integration and advocate a “Europe of nations.”

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