scholarly journals Impact of Brexit on the trade of Hungarian agricultural and food products

2019 ◽  
Vol 8 (1-2) ◽  
pp. 127-132
Author(s):  
Miklós Vásáry
Keyword(s):  
European Union ◽  
Bilateral Trade ◽  
Specific Area ◽  
Economic Benefits ◽  
Negotiation Process ◽  
The European Union ◽  
Commercial Activity ◽  
Trade Relations ◽  
Trade Effects ◽  
The Uk

As a result of the longer preparation process, 51.9% of voters voted in the UK on 23 June 2016 in the form of a referendum to leave the European Union. Although the negotiation process has begun, many decisive points and principles - the negotiators' agreement on the post-exit process - have not decided at the beginning of 2019. The fact that the United Kingdom officially withdraws from the European Union will significantly transform bilateral trade relations. Through the – till now – fruitful cooperation, both sides were able to take advantages and thus have achieved substantial economic benefits, economic and welfare growth. It seems that the UK has been more in need of its trade, so it is becoming increasingly important on what conditions the new cooperation will operate. But it may also be important to see how the British exit will affect Hungary. Within this framework, one specific area of trade policy, the analysis and evaluation of agri-food processes, should be carried out. Although there is a significant geographical distance between the two countries, there has been a growing and significant commercial activity due to the favorable trade effects. The purpose of this study is to structure the trade effects between the agri-food industry. In addition, there is a need to organize the affected branches and expected effects too.

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 Israel's Trade Alliances Strategy: Enjoying the Best of All Worlds

2021 ◽  
Vol 4 (2) ◽  
pp. 23
Author(s):  
Nellie Munin
Keyword(s):  
European Union ◽  
Mediterranean Basin ◽  
Eastern Mediterranean ◽  
Economic Benefits ◽  
The European Union ◽  
Trade Relations ◽  
Eastern Mediterranean Basin ◽  
Trade Partner

This article revisits Israel's trade and political alliance with the European Union – its major trade partner. The article examines the position calling to water down Israel-EU trade relations, considering EU's insistence on linking economic benefits with political advancement in the region, insights gained by the COVID-19 pandemic and substantial recent regional developments: Israel's trade diversification policy, the conclusion of Abraham Accords and the discovery of gas in the Eastern Mediterranean basin. Concluding that such a strategy may not serve the parties' interests best, the article explores ways to leverage these developments to further enhance EU-Israel partnership.

Development of BRICS Bilateral Trade Relations: A South African Perspective

2016 ◽  
Vol 2 (2) ◽  
pp. 33 ◽  
Author(s):  
Adrino MAZENDA
Keyword(s):  
European Union ◽  
Central Asia ◽  
South African ◽  
Bilateral Trade ◽  
Trade Diversion ◽  
World Trade Organisation ◽  
The European Union ◽  
Trade Relations ◽  
African Perspective

<p>This study examines the structure, value, intensity and complementarity of South Africa’s trade with its Brazil–Russia-India-China (BRIC) partners. It highlights the increasing dynamism of intra- BRICS trade, which started on accession to the World Trade Organisation in 2010. Key determinants to this dynamism include the rapid growth of Chinese and Indian economies accompanied by a steep rise in demand for South Africa’s primary commodities. The rising intensity with China is demand-oriented, while the intensity with India is supply-oriented, mostly in semi-finished and finished commodities.</p><p>South Africa’s addition to BRIC coincided with three key developments; its trade balance with most BRIC economies narrowed; the quality of its exports to the BRIC improved; and the value of its exports to BRIC exceeded the value of exports to the European Union and Central Asia. The latter development is attributable to trade diversion from the European Union and Central Asia to the BRIC.</p><p>Inclusive growth is probable if South Africa could leverage trade with the BRIC. More, so while employment is at peak in labour- intensive primary industry, intra-industry trade with the BRIC would resuscitate the manufacturing and services sectors so that the complementary effects of trade would be feasible.</p>

scholarly journals British-Slovak Foreign Trade Relations: Consequences of Brexit

2019 ◽  
pp. 341-353
Author(s):  
Marcel Kordos
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
Policy Instruments ◽  
Current Status ◽  
The European Union ◽  
Economic Relations ◽  
Trade Relations ◽  
The Future ◽  
The Uk ◽  
The Impact

The possibility of the UK's withdrawal from the European Union has never been more realistic and up-to-date since joining the European Communities (EC) as it is today. The UK is facing a unique situation. At present, this depends solely on the capabilities of European and British government officials, who negotiate the terms of withdrawal and future cooperation between the two entities. The main goal of this paper is based on the British – Slovak trade relations development analysis to figure out their impact within the Brexit consequences on the future Slovak economy and its current status in international economic relations. The paper also provides a basic overview of Brexit process and its possible impact on the EU's further functioning. Basic data will be drawn from generally accepted institutions, evaluating the UK and Slovak trade and economic performance. To accomplish this goal, methods such as analysis and comparison to illustrate the UK-Slovak foreign trade development, synthesis and logical deduction to discuss the Brexit impact on Slovak economic environment in the future are to be used; data from scientific and professional publications, periodical and non-periodical press. The paper presents the results of an empirical analysis, which showed that because of the size of economic relations between Slovakia and the United Kingdom and the number of goods and services being exported to the UK, the «hard» Brexit will be very unfavourable for Slovak foreign trade due to the possible tariffs being imposed. The research empirically confirms and theoretically proves that it can cause a significant weakening and slowdown in the Slovak economy. Either way, the upcoming Brexit process, that is the withdrawal of Great Britain from the European Union, would have a major impact not only on British, European but also on the world economy. The impact of Brexit on Slovakia's economy will not only be in reducing the possible growth of the economy, but also in employment and price increases. Keywords: EU single market, Britain's withdrawal from the EU, foreign trade policy instruments analysis, international economics, Slovak economy slowdown prediction, Slovak foreign trade commodity structure analysis.

scholarly journals The reality of Palestinian-European trade relations: العلاقات التجارية الفلسطينية الأوروبية الواقع والشراكة

2015 ◽  
Vol 1 (3) ◽  
Author(s):  
Akram Fares Mohammed Abu Jameh
Keyword(s):  
European Union ◽  
Descriptive Analysis ◽  
The European Union ◽  
Economic Sectors ◽  
Commercial Activity ◽  
European Economic ◽  
Trade Relations ◽  
Palestinian Territories ◽  
European Trade ◽  
The Impact

This study aims at unveiling the reality of Palestinian-European trade relations and at identifying the mechanisms and programs pursued by the European Union to support Palestinian territories. This research studies the impact on economic sectors, productive activities and the access to European trade support for Palestinians by identifying the behavior and the nature of relations between the two sides and the extent of its development. The study revealed the reality of the Palestinian European Economic Partnership and the most important items that express the priority given to Palestine.  The research manipulates the descriptive analysis approach, it shows the size and nature of changes in the foreign Palestinian trade with the European Union during the period from 1994 until 2014. It makes use of the latest studies, ideas, previous literature analysis, reports and statistics issued in this area to enrich the study. The study revealed some significant findings: the period in which commercial exchange rate is at best came in line with the availability of an appropriate atmosphere and political optimism. Despite the improved performance of the European support, the Israeli siege and enormous losses of the Palestinian economy might explain the noticeable deceleration in the economic growth rates of the last years.  The results unveiled also that the agreements, lines of donations, mechanisms of cooperation, the European Neighborhood agreement. are still below the required level due to the Israeli arbitrary measures, particularly with regard to restricted commercial activity. And this is not consistent with the hypothesis that the Palestinian-European partnership agreement is the only influential item in Palestinian-European economic relations.

19. Free Movement of Goods: Duties, Charges, and Taxes

EU Law ◽  
2020 ◽  
pp. 673-698
Author(s):  
Paul Craig ◽  
Gráinne de Búrca
Keyword(s):  
European Union ◽  
Member State ◽  
The European Union ◽  
State Action ◽  
Trade Relations ◽  
Equivalent Effect ◽  
Free Movement Of Goods ◽  
The Uk ◽  
The Eu ◽  
Academic Debate

All books in this flagship series contain carefully selected substantial extracts from key cases, legislation, and academic debate, providing students with a stand-alone resource. This chapter deals with Member State action that creates barriers to trade. The most obvious form of protectionism occurs through customs duties or charges that have an equivalent effect, with the object of rendering foreign goods more expensive than their domestic counterparts. This is addressed by Articles 28-30 of the Treaty on the Functioning of the European Union (TFEU). A state may also attempt to benefit domestic goods by taxes that discriminate against imports, which is covered by Articles 110-113 TFEU. These issues are considered within the chapter. The UK version contains a further section analysing the way in which issues of customs duties and taxation are likely to be resolved in future trade relations between the EU and the UK.

Post-Brexit Global Trade Relations: The Death of TTIP?

2016 ◽  
Vol 17 (S1) ◽  
pp. 39-44
Author(s):  
Amanda Lyons-Archambault
Keyword(s):  
European Union ◽  
Bilateral Trade ◽  
Market Access ◽  
The United States ◽  
Global Trade ◽  
The European Union ◽  
Trade Relations ◽  
Economic Output ◽  
Transatlantic Trade ◽  
Challenges And Opportunities

Prior to Britain's popular referendum on whether to remain a member of the European Union, parts of the public in Britain and other European states had already expressed a great range of emotions concerning on-going negotations between the European Union and the United States regarding the bi-lateral Transatlantic Trade and Investment Partnership, more commonly referred to as “TTIP.” In February 2013, the European Commission optimistically projected that TTIP “would be the biggest bilateral trade-deal ever negotiated,” with the potential to “add 0.5% to the EU's annual economic output.” Most notably, TTIP seeks to streamline administrative rules and technical product standards in order to remove trade barriers, and aims to “achieve ambitious outcomes” across three broader areas—(a) market access, (b) regulatory issues and non-tariff barriers, and (c) rules, principles, and new modes of cooperation to address shared global trade challenges and opportunities.

scholarly journals The impact of the Sanctions and Counter Sanctions on the Russian and EU Member States Economies

2021 ◽  
Author(s):  
Livia Cebotari
Keyword(s):  
European Union ◽  
Russian Federation ◽  
Bilateral Trade ◽  
The European Union ◽  
Member States ◽  
Trade Relations ◽  
Eu Member States ◽  
The Russian Federation ◽  
Restrictive Measures ◽  
The Impact

This paper analyzes the consequences of the diplomatic conflict that began in 2014 between the European Union and the Russian Federation caused by the political and military crisis in Ukraine. In March 2014, the leaders of the European Union condemned the actions of Russia in Ukraine and imposed the first restrictive measures against Russian Federation. In turn, Russia took retaliatory measures materialised in an import ban on certain agricultural food products from the EU. The aim of this research is to identify and evaluate the impact of the sanctions and countersanctions on the economy of the Russian Federation and on bilateral trade between Russia and EU member states. This article will focus on the following main objectives: analyzing the evolution of trade relations between the two major powers in the period 2014-2019, determining the factors that may explain the decline in bilateral trade during the period mentioned above and the factors that may explain why some EU Member States have suffered higher losses than others. In order to achieve the proposed objectives, both qualitative and quantitative analyses were used. Official documents, academic articles and studies conducted by various prestigious think-tanks were analysed. Also, th

19. Free Movement of Goods: Duties, Charges, and Taxes

EU Law ◽  
2020 ◽  
pp. 697-724
Author(s):  
Paul Craig ◽  
Gráinne de Búrca
Keyword(s):  
European Union ◽  
Member State ◽  
The European Union ◽  
State Action ◽  
Trade Relations ◽  
Equivalent Effect ◽  
Free Movement Of Goods ◽  
The Uk ◽  
The Eu ◽  
Academic Debate

All books in this flagship series contain carefully selected substantial extracts from key cases, legislation, and academic debate, providing students with a stand-alone resource. This chapter deals with Member State action that creates barriers to trade. The most obvious form of protectionism occurs through customs duties or charges that have an equivalent effect, with the object of rendering foreign goods more expensive than their domestic counterparts. This is addressed by Articles 28-30 of the Treaty on the Functioning of the European Union (TFEU). A state may also attempt to benefit domestic goods by taxes that discriminate against imports, which is covered by Articles 110-113 TFEU. These issues are considered within the chapter. The UK version contains a further section analysing the way in which issues of customs duties and taxation are likely to be resolved in future trade relations between the EU and the UK.

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