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EU and Foreign Trade

Explore how globalisation impacts the EU, its trade developments, and implications for growth. Discover opportunities, disruptive effects, and the need for global governance to ensure fair competition and benefits distribution. Learn about the EU's competitive position, trade data, and foreign direct investments. Delve into EU trade policies, market openness, regulatory frameworks, and strategies to enhance competitiveness on the global stage.

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EU and Foreign Trade

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  1. EU and Foreign Trade How does globalisation affect the EU?

  2. GLOBALISATION TECHNOLOGICAL TRADE DEVELOPMENTS OPENING • IMPLICATIONS • Opportunities for growth, but disruptive effects • Need for global governance -> multilateral rules and institutions to ensure level playing field and better distribution of benefits • Need to reinforce the competitive position of the EU economy

  3. World PVD EU A few facts about world trade Bn €

  4. The EU in world trade 19% of world trade, 17.5% world trade in goods, 26% world trade in services Second largest importer A MAJOR TRADING POWER First exporter • Foreign direct investment: EU-25 a major source of the world’s FDI (€152.5 billion) and host of the world’s FDI (€ 69.8 billion) in 2005

  5. A MAJOR TRADING POWER SHARE IN WORLD TRADE IN SERVICES (2005) The EU in world trade Source: Eurostat

  6. The EU in world trade EU-25 Trade in goods: Exports by region (2005, billion euro) EFTA 119 CIS 80.7 NAFTA 292 China & Hong Kong 72.2 Japan & Korea 63.7 MED10 101.7 SAARC 27.1 GCC6 50.4 ASEAN45 Andean 4.5 ACP 30.8 MERCOSUR 23.4 Australia & New Zealand 23.8

  7. 2. The EU in world trade EU Foreign Direct Investments by region in 2004

  8. The EU in world trade % Source: World Bank

  9. The EU in world trade Sources: Eurostat, World Bank

  10. EU Imports from Developing Countries(Billion euro) 20 EU Imports from Least Developed Countries(Billion euro) 15 10 5 0 1999 2000 2001 2002 2003 2004 2005 Manuf. Products Agr. Prod. Energy Other The EU in world trade Source: Eurostat

  11. EU Trade policy - basic features Being the leading trade region • Strong interest in: • Open markets • Clear regulatory frameworks • Responsibility to: • EU citizens • Rest of the World Need to reinforce EU competitiveness on world markets

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