European Union – East Asia Trade Relations in the 21st Century
AbstractThe East Asia has been for many decades home to the fastest growing economies in the world. Their dynamic growth and economic transformation have created new conditions and challenges in doing business, that must be faced by many trade partners around the world, including the European Union. On the one hand, emerging Asian markets have brought a new competition pressure for EU producers. On the other hand, they have become an attractive and prospective demand markets for EU exporters. In the analysed timeframe (2001-2016) the EU merchandise trade with the EA-15 economies has experienced tremendous increase in both exports and imports. It has been also observed a tremendous shift towards China and developing countries of the ASEAN which have emerged as important trade partners for the EU. Changes in trade patterns and expanding number of FTAs with and within the region of East Asia have also induced the need of adopting a coherent long-term EU strategy towards EA-15 economies and constructing a new framework for bilateral cooperation.
|Journal series||Review of Integrative Business and Economics Research, ISSN 2304-1013, e-ISSN 2304-1269, (0 pkt)|
|Publication size in sheets||1.5|
|Keywords in English||European Union, East Asia, Southeast Asia, merchandise trade|
|Score||= 5.0, 26-03-2020, ArticleFromJournal|
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