scholarly journals Perspectives of trade relations between the European Union and China

Equilibrium ◽  
2009 ◽  
Vol 2 (1) ◽  
pp. 137-145
Author(s):  
Anetta Kuna-Marszałek
Keyword(s):  
Global Economy ◽  
Main Part ◽  
Chinese Economy ◽  
The European Union ◽  
Trade Relations ◽  
Bilateral Relations ◽  
European Experience ◽  
Important Trading Partner ◽  
European Investment ◽  
The Eu

Over the last two decades, ties between China and the EU have developed into one of the most dynamic bilateral relationships in the global economy. The EU is China’s important trading partner and growing amounts of European investment are pouring into the booming Chinese economy. European companies believe that more open, democratic and law-abiding China will be a better partner. On the other hand, China wants to learn from the European experience and is keen to have access to the EU’s wide market. Those are reasons why both partners try to find better ways to communicate on the global stage. The goal of the article is to identify directions of future cooperation between the EU and China and to explain their aims for the relationships. The Author also gives an impression of how they see each other policy and provides an overview of what is still the main part of bilateral relations.

scholarly journals Contemporary economic relations between China and European Union

2014 ◽  
Vol 66 (1-2) ◽  
pp. 35-50
Author(s):  
Nikola Jokanovic
Keyword(s):  
European Union ◽  
Global Economy ◽  
The European Union ◽  
Member States ◽  
Economic Relations ◽  
Trade Relations ◽  
Eu Member States ◽  
Chinese Investment ◽  
High Level ◽  
The Eu

This paper will discuss the economic relations between the European Union and the People?s Republic of China. The introductory part will make an insight into the position of China in the contemporary global economy. The following part of the paper will analyze China-EU trade relations. The topics included will be a general overview of these relations since their establishing in 1975 as well as the European Union?s attitude towards the Chinese WTO membership. The Sino-EU partnership and competition will also be described and it will be followed by an overview of the Sino-EU High Level Economic and Trade Dialogue (HED). The concluding topics in this part of the paper will include Sino-EU trade flows, perceived obstacles to trade and investment as well as recent trade disputes between two trading partners. The third part of the paper will deal with Sino-EU investment flows (with an emphasis on Chinese investments in EU member states). After the introductory remarks concerning the EU investments originating from China, the paper will shed light on particular EU member states which are preferred for Chinese investment as well as the industries in which Chinese companies are willing to invest. The concluding part of this paper will offer possible development of relations between the EU and China in the near future.

scholarly journals The Impact of Hard Brexit on Polish Exports

2018 ◽  
Vol 54 (2) ◽  
pp. 99-109
Author(s):  
Jakub Borowski ◽  
Jakub Olipra ◽  
Paweł Błaszyński
Keyword(s):  
Economic Integration ◽  
Global Economy ◽  
Interesting Case ◽  
First Year ◽  
The European Union ◽  
Trade Relations ◽  
The United Kingdom ◽  
The Uk ◽  
The Impact ◽  
The Eu

Abstract The decision of the United Kingdom (UK) to leave the European Union (EU) is unprecedented, especially considering the recent trend in the global economy toward economic integration. There is a multitude of research concerning the implications of economic integration; however, research in the field of disintegration is scarce. Brexit serves as an interesting case study to investigate the effects of economic disintegration. The implications for trade are especially fascinating as trade liberalization is one of the most important benefits of economic integration. Existing studies focus mainly on Brexit’s impact on the UK’s exports and imports, while less attention has been paid to Brexit’s effects on the trade of other countries. The main objective of our research is to estimate Brexit’s influence on Polish exports. We present several possible scenarios of future trade relations between the UK and the EU and assume that, at least in the nearest-future post-Brexit scenario, trade under the World Trade Organization rules is most likely. This will result in the imposition of tariffs on trade between the UK and the EU members, including Poland. In our research, we used the real exchange rate of the Polish zloty against the British pound as a proxy for the changes in price competitiveness of Polish exports due to the imposition of tariffs. We find that in the first year after Brexit, the dynamics of Polish exports to the UK will decrease due to the imposition of customs duties by 1.3 percentage points (pp) and by 0.1 pp when it comes to total Polish exports. This paper contributes to the discussion on the effects of disintegration on trade. We propose a new method for assessing changes in trade volume due to increase of trade barriers.

scholarly journals THE INFLUENCE OF RAPID GROWTH OF CHINA TO EXCHANGE RELATIONS WITH THE EU

2017 ◽  
Vol 1 (12) ◽  
pp. 57
Author(s):  
Slaviša Kovačević ◽  
Dijana Bojić
Keyword(s):  
Party System ◽  
State Ownership ◽  
Chinese Economy ◽  
Strategic Partnership ◽  
Trading Partner ◽  
Special Importance ◽  
The European Union ◽  
Market Socialism ◽  
Trade Relations ◽  
The Eu

In order to overcome the disadvantages of the existing two types of economic systems - the socialism and capitalism, there was a need to find a system that will use the positive aspects of both systems. Оne country succeeds more than successfully to combine bases of the centrally planned and market system. Socialism in the Chinese style, as it is called by Gregory and Stuart proved to be a successful practical example of the market socialism. After the implementation of China's reforms, they have kept a one-party system and state ownership, but have accepted the market allocation of resources. In the Constitution of the People’s Republic of China, Chinese economy is voluntarily classified as a socialist market economy. That China is more than a successful example of market socialism, is shown by the remarkable growth rates and the unprecedented progress of the country in the last thirty years.Reforms have enabled the opening of China to foreign trade, which before 1978 was almost non-existent. After the establishment of the first diplomatic relations with the EU, in 1985 the Agreement on Trade and Economic Cooperation EEC and China was signed, which officially begins establishing bilateral trade relations. Special importance for the progress of trade relations is China's entry into WTO in 2001, and the signing of the strategic partnership of the EU and China in 2003. The volume of trade between the two economies is growing steadily, and the main characteristics of their trade relations is a continuous deficit which the EU has realized in the exchange with China. Although the European Union is the largest trading partner of China, and China is the second trading partner of the EU, differences and difficulties in the field of trade still exist.

scholarly journals Bezpośrednie inwestycje zagraniczne we francusko-chińskiej współpracy gospodarczej w kontekście dwustronnych relacji Unii Europejskiej z Chinami

2019 ◽  
Vol 72 (3) ◽  
pp. 171-196
Author(s):  
Ewa Radomska
Keyword(s):  
Global Economy ◽  
Market Access ◽  
Economic Cooperation ◽  
Strategic Partnership ◽  
Foreign Direct Investments ◽  
The European Union ◽  
Bilateral Relations ◽  
Us Trade Policy ◽  
The Face ◽  
The Eu

The goals of the paper are: to analyse the scale and nature of foreign direct investments (FDI) in the economic cooperation between France and China; to explain the main reasons for the Chinese capital commitment in the form of FDI in the European Union (EU) and France as well as French one in China; and to identify the conditions and barriers in the flow of FDI and the main activities undertaken by France and the EU to introduce more symmetry in relations with China. The following research hypothesis has been adopted: FDI are an important element of the economic cooperation between France and China, which is developed despite barriers including differences in potentials and asymmetry in market access. In the face of China’s growing activity in the global economy, noticing the benefits, France does not question the bilateral relations but puts more emphasis on the need to create coherent and coordinated strategy towards China at the EU level. This analysis allowed formulation of a few main conclusions. The recent dynamic inflow of Chinese FDI to the EU (including France) is closely connected with China’s measures aimed at reinforcing its position in the global economy. The dynamic and nature of Chinese FDI coming to France and other EU countries, asymmetry in access to markets, the Belt and Road Initiative, changes in the US trade policy and divisions among EU member countries pose challenges to the EU. France is fully committed to creating a common EU strategy towards China and restoring the balance within the EU-China strategic partnership.

scholarly journals Apparel Industry in the EU–China Exports and Circular Economy

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Brîndușa Covaci
Keyword(s):  
Textile Industry ◽  
Bilateral Trade ◽  
Apparel Industry ◽  
The European Union ◽  
Trade Relations ◽  
Bilateral Relations ◽  
Exploratory Data ◽  
Multi Method Approach ◽  
Chinese Trade ◽  
The Eu

Abstract In the current social and economic world context, Chinese trade relations represent a challenge for all partners. The article provides an overview of bilateral trade, especially export, between the European Union (EU) and China in the apparel and accessories industry, most performance parts of the bilateral relations from the textile industry. The research is highlighting the major trends of export relations for this industry during 2001–2019. The author presents the evolution of articles of apparel and accessories exports in the EU and China, emphasizing the major tendencies for each of them. Further are developed benchmarks of Romanian contribution to the relationship between EU and China. The methods used present a multi-method approach, utilizing primary and secondary research through exploratory data from the official website regarding the apparel industry, as EU Statistics, International Trade Centre, and others. The main result of the paper shows that at the European level, one of the most important objectives for the apparel industry is to assure EU–China trade feasible barrier export instruments to develop efficiently the bilateral exports.

European experience in transition to circular economy

2020 ◽  
Vol 19 (4) ◽  
pp. 598-617 ◽  
Author(s):  
S.V. Ratner
Keyword(s):  
European Union ◽  
Circular Economy ◽  
Raw Materials ◽  
Action Plan ◽  
National Level ◽  
The European Union ◽  
Scientific Methods ◽  
European Experience ◽  
General Scientific ◽  
The Eu

Subject. The article considers the concept of circular economy, which has originated relatively recently in the academic literature, and is now increasingly recognized in many countries at the national level. In the European Union, the transition to circular economy is viewed as an opportunity to improve competitiveness of the European Union, protect businesses from resource shortages and fluctuating prices for raw materials and supplies, and a way to increase employment and innovation. Objectives. The aim of the study is to analyze the incentives developed by the European Commission for moving to circular economy, and to assess their effectiveness on the basis of statistical analysis. Methods. I employ general scientific methods of research. Results. The analysis of the EU Action Plan for the Circular Economy enabled to conclude that the results of the recent research in circular economy barriers, eco-innovation, technology and infrastructure were successfully integrated into the framework of this document. Understanding the root causes holding back the circular economy development and the balanced combination of economic and administrative incentives strengthened the Action Plan, and it contributed to the circular economy development in the EU. Conclusions. The measures to stimulate the development of the circular economy proposed in the European Action Plan can be viewed as a prototype for designing similar strategies in other countries, including Russia. Meanwhile, a more detailed analysis of barriers to the circular economy at the level of individual countries and regions is needed.

The Law & Politics of Brexit: Volume II

2020 ◽  
Keyword(s):  
Decision Making ◽  
European Union ◽  
Legal Framework ◽  
Comprehensive Analysis ◽  
The European Union ◽  
Trade Relations ◽  
The United Kingdom ◽  
The Uk ◽  
Financial Settlement ◽  
The Eu

This book provides the first comprehensive analysis of the withdrawal agreement concluded between the United Kingdom and the European Union to create the legal framework for Brexit. Building on a prior volume, it overviews the process of Brexit negotiations that took place between the UK and the EU from 2017 to 2019. It also examines the key provisions of the Brexit deal, including the protection of citizens’ rights, the Irish border, and the financial settlement. Moreover, the book assesses the governance provisions on transition, decision-making and adjudication, and the prospects for future EU–UK trade relations. Finally, it reflects on the longer-term challenges that the implementation of the 2016 Brexit referendum poses for the UK territorial system, for British–Irish relations, as well as for the future of the EU beyond Brexit.

scholarly journals BREXIT IMPLICATIONS FOR AGRI-FOOD TRADE BETWEEN POLAND AND THE UK

2019 ◽  
Vol XXI (4) ◽  
pp. 589-599
Author(s):  
Aldona Zawojska
Keyword(s):  
Lower Cost ◽  
Trade Agreement ◽  
Food Products ◽  
The European Union ◽  
Trade Relations ◽  
Doing Business ◽  
Central Statistical ◽  
Central Statistical Office ◽  
The Uk ◽  
The Eu

The article is a contribution to the discussion on the anticipated consequences of the United Kingdom’s withdrawal from the European Union for Poland’s trade relations with this country, with particular emphasis on the likely impacts of a hard or no-deal Brexit on Polish exporters. Its aim is to provide readers with an understanding of how agri-food flows between Poland and the UK (especially Poland’s exports) could be affected once the UK departs the EU. The question is important considering that, in recent years, the UK has been the second biggest importer and a net importer of agricultural and food products from Poland. The study is based on trade data from the UN Comtrade Database and Poland’s Central Statistical Office, and on tariff data from the UK’s Department for International Trade. Taking into account the possible imposition of customs duties announced thus far by the British government on the import of agri-food products from third countries in the event of a no-trade agreement with the EU, the introduction of additional non-tariff barriers, as well as increased transactional (friction) costs and complexity of doing business with foreign partners, a hard Brexit would have serious implications for Poland’s fast growing agri-food exports to the UK. It would even lead to a collapse of some Polish supplies, particularly of meat and dairy commodities, to Great Britain. The loss of two-way preferences in trade now arising from participation in the EU single market will undermine the competitiveness of Polish producers on UK’s market both against British producers and lower cost exporters from outside the EU.

scholarly journals POTENTIAL AND ROLE OF UNDERSERVED FOREIGN MARKETS FOR THE DEVELOPMENT OF UKRAINE’S TRADE WITH THE EU

2020 ◽  
pp. 62-71
Author(s):  
O. Shnyrkov ◽  
D. Pliushch
Keyword(s):  
European Union ◽  
Russian Federation ◽  
Free Trade Area ◽  
The European Union ◽  
Foreign Markets ◽  
International Partnership ◽  
Trade Relations ◽  
Long Run ◽  
The Russian Federation ◽  
The Eu

The article identifies the volume of underserved markets for the development of Ukraine's foreign trade with the EU. The Ukraine's export potential on the EU underserved market is analyzed. It is established that the intensification of trade relations between the Ukraine and EU is a mutually beneficial process, and export potential of Ukraine in the EU market for goods whose exports to the Russian Federation have decreased is of particular importance. The main foreign markets of Ukraine for the export of agricultural and industrial goods from Ukraine have been identified. The main commodity groups of underserved markets to the EU have been identified, the exports of which to the Russian Federation have decreased the most. According to the results of the study, it has been concluded that the underserved markets of the European Union play an important role in the development of Ukraine's trade: first, they allow reorientation of exports of Ukrainian goods, the import of which is prohibited into the customs territory of the Russian Federation, to EU markets; secondly, they help to identify directions for the modernization of Ukrainian production in accordance with the unmet needs of the European goods market. It is concluded that the process of deepening mutual trade in underserved markets in a free trade area is mutually beneficial for Ukraine and the European Union, as trading partners can benefit from increased trade flows, and establishing international partnership between the parties can bring additional benefits in the long run.

Wie die EU den Weg aus der „Pandemie-Krise“ findet: Lehren aus der Krisenpolitik nach 2008

IG ◽  
2021 ◽  
Vol 44 (4) ◽  
pp. 328-335
Author(s):  
Hartmut Marhold
Keyword(s):  
Debt Crisis ◽  
Financial Economic ◽  
Learning System ◽  
The European Union ◽  
Investment Bank ◽  
The Public ◽  
Active Player ◽  
European Investment ◽  
The Eu

The European Union (EU) invests huge resources in overcoming the pandemic crisis and does so as a learning system: The Union learned lessons from the previous, the financial, economic and state debt crisis after 2008, in many ways. The EU assumes now definitely the role of an active player in the economy, leaving behind the neoliberal doctrine; she suspends the restrictive budgetary policy, which prevented already in 2008 and the following years adequate solutions; she reshaped the control over its financial aid programmes so that harsh conflict between member states („troika“) are mitigated; the Union further refined the public private partnership mechanisms established unter the aegis of the European Investment Bank (EIB); the European Central Bank (ECB) assumes now a role still disputed after 2008; the flexibility clauses of the Lisbon Treaty, just put into force after 2008, are now extensively applied; and, more than anything else, the Union aims at a change of paradigm by putting the NextGenerationEU programme at the service of sustainable development (enshrined in the Green Deal).

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