37

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China: Economic indicators and trade with EU

03-12-2019

China's economy is slowing from past two-digit growth rates to a 'new normal' growth rate of 'only' 6.5% on average under the current five-year plan (2016-2020). To what extent does this slowdown affect China's public finances and other macroeconomic indicators? How has EU trade with China developed during the last decade? How important is the EU for China in terms of trade? And what about China's trade relevance for the EU? Has the huge trade imbalance in goods trade between China and the EU narrowed ...

China's economy is slowing from past two-digit growth rates to a 'new normal' growth rate of 'only' 6.5% on average under the current five-year plan (2016-2020). To what extent does this slowdown affect China's public finances and other macroeconomic indicators? How has EU trade with China developed during the last decade? How important is the EU for China in terms of trade? And what about China's trade relevance for the EU? Has the huge trade imbalance in goods trade between China and the EU narrowed in recent years? How intensive is trade in services between the EU and China? What are the EU's main export items to China? How does China's export basket look like? You can find the answers to these and other questions in our EPRS publication on China produced in collaboration with the European University Institute's GlobalStat on the world's main economies. This is an updated edition of an ‘At a Glance’ note published in October 2018.

US: Economic indicators and trade with EU

14-10-2019

The USA remains the EU's top trading partner and export market. The EU and US economies account for about half the entire world's GDP, and for nearly a third of world trade flows. The European Commission reported in 2016 that over 10 million European jobs depend on exports to the USA. This Infographic provides you with essential data on trade between the EU and US. This is an updated edition of an ‘at a glance’ note from July 2018.

The USA remains the EU's top trading partner and export market. The EU and US economies account for about half the entire world's GDP, and for nearly a third of world trade flows. The European Commission reported in 2016 that over 10 million European jobs depend on exports to the USA. This Infographic provides you with essential data on trade between the EU and US. This is an updated edition of an ‘at a glance’ note from July 2018.

India: Economic indicators and trade with EU

30-09-2019

At the beginning of the century, the EU and India were growing exactly at the same path: how about today? Who is the main trade partner of India: China or the EU? And would you ever think that the EU exports to India pearls and precious stones more than electronic equipment? And how much is it easy to do business in New Delhi? Find the answers to these and many more questions in our EPRS publication on ‘India: Economic indicators and trade with EU’, part of a series of infographics produced in collaboration ...

At the beginning of the century, the EU and India were growing exactly at the same path: how about today? Who is the main trade partner of India: China or the EU? And would you ever think that the EU exports to India pearls and precious stones more than electronic equipment? And how much is it easy to do business in New Delhi? Find the answers to these and many more questions in our EPRS publication on ‘India: Economic indicators and trade with EU’, part of a series of infographics produced in collaboration with the European University Institute's GlobalStat on the world's main economies. This is an updated edition of an ‘At a Glance’ note published in July 2016.

European business statistics

27-09-2017

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's Impact Assessment (IA) accompanying the above proposal submitted on 6 March 2017 and referred to Parliament’s Committee on Industry, Research, and Energy (ITRE). The proposal aims to reduce the administrative burden for business, in particular SMEs, by eliminating the fragmentation of the European business statistics legislation and repealing 10 different legal acts in this field. This concerns ...

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's Impact Assessment (IA) accompanying the above proposal submitted on 6 March 2017 and referred to Parliament’s Committee on Industry, Research, and Energy (ITRE). The proposal aims to reduce the administrative burden for business, in particular SMEs, by eliminating the fragmentation of the European business statistics legislation and repealing 10 different legal acts in this field. This concerns information on the producer prices, turnover, employment, production output, as well as trade, investment flows and prices. The proposal is also considered by the Commission as a priority area in the context of the modernisation of EU law. According to the Commission, the harmonisation of business statistics at the European level is needed in order to implement wider priorities such as the 10 priorities of the Juncker Commission. In this regard, the Commission proposes to establish a common legal framework for the development, production, and dissemination of European business statistics.

Russia’s and the EU’s sanctions: economic and trade effects, compliance and the way forward

20-09-2017

This report summarises empirical facts about the economic impact of the EU sanctions against Russia and the Russian countersanctions, both implemented in the summer of 2014. The observed decline in trade volumes between the EU and Russia is not only due to the sanctions, but also other economic factors, such as the downturn of the Russian economy, largely caused by the falling oil price and the ensuing ruble depreciation. Furthermore, empirical evidence suggests that European and Russian companies ...

This report summarises empirical facts about the economic impact of the EU sanctions against Russia and the Russian countersanctions, both implemented in the summer of 2014. The observed decline in trade volumes between the EU and Russia is not only due to the sanctions, but also other economic factors, such as the downturn of the Russian economy, largely caused by the falling oil price and the ensuing ruble depreciation. Furthermore, empirical evidence suggests that European and Russian companies alike managed to partly divert trade flows to other international markets in response to the deteriorating trade relationships. Overall trade diversion, however, cannot nearly compensate for losses of EU exports to Russia and thus mitigate the economy wide negative impacts. Finally, descriptive evidence and additional information seem to indicate that compliance with the sanctions was partly circumvented right after the implementation of the sanctions in 2014, in particular for agri food goods via countries of the Eurasian Economic Union. Legal trade diversion through countries unaffected by the sanctions has also taken place. It is important to emphasise that this study does not assess the political costs or effectiveness of the sanctions, but merely analyses potential economic costs caused by all sanction measures in place.

Ekstern forfatter

Dr Oliver FRITZ, WIFO, Österreichisches Institut für Wirtschaftsforschung, Vienna (Austria) Dr Elisabeth CHRISTEN, WIFO, Österreichisches Institut für Wirtschaftsforschung, Vienna (Austria) Dr. Franz SINABELL, WIFO, Österreichisches Institut für Wirtschaftsforschung, Vienna (Austria) Dr Julian HINZ, Kiel Institute for the World Economy, Kiel (Germany)

EU-South Korea free trade agreement

10-05-2017

The EU-South Korea free trade agreement (FTA), applied since July 2011, entered into force in December 2015. The agreement has successfully boosted EU-Korea trade exchange. The European Parliament is due to adopt a report on the five years of the FTA's implementation in May 2017.

The EU-South Korea free trade agreement (FTA), applied since July 2011, entered into force in December 2015. The agreement has successfully boosted EU-Korea trade exchange. The European Parliament is due to adopt a report on the five years of the FTA's implementation in May 2017.

EU Trade Policy and the Wildlife Trade

06-12-2016

The wildlife trade is one of the most lucrative trades in the world. The legal trade into the EU alone is worth EUR 100 billion annually, while the global illegal wildlife trade is estimated to be worth between EUR 8 and 20 billion annually. The trade is highly complex and its legal and illegal forms are often connected. The illegal wildlife trade cannot be tackled via the use of trade policy alone; instead trade instruments need to be used in conjunction with broader means of addressing the wide ...

The wildlife trade is one of the most lucrative trades in the world. The legal trade into the EU alone is worth EUR 100 billion annually, while the global illegal wildlife trade is estimated to be worth between EUR 8 and 20 billion annually. The trade is highly complex and its legal and illegal forms are often connected. The illegal wildlife trade cannot be tackled via the use of trade policy alone; instead trade instruments need to be used in conjunction with broader means of addressing the wide range of reasons why wildlife is traded illegally first place. This includes the need to reduce poverty and inequality in source countries, demand reduction in consumer countries and tackling corruption, organised crime, poor enforcement and low penalties in many source, transit and end user markets. The EU is also facing some new challenges in the legal and illegal wildlife trade, emanating from the growth of e-commerce, expansion of private mailing centres and the growth of containerisation. The EU already has a strong track record in promoting a legal and sustainable trade, while also attempting to tackle the illegal wildlife trade. The EU already has a legal framework (EUWTR) which sets out stricter arrangements than CITES for trading in wildlife products. It has played an active role at CITES since it joined as a member in 2015, and all 20 EU proposals were accepted at CITES CoP17 in 2016. It now has an opportunity to use trade policy to embed and develop this track record further.

Ekstern forfatter

Rosaleen DUFFY (University of Sheffield, the United KIngdom)

US: Economic indicators and trade with the EU

11-07-2016

Amid an intense public debate on Transatlantic Trade and Investment Partnership (TTIP) talks, this Infographic provides you with essential data on trade between the world's 2 largest economies. This product was jointly produced by EPRS and the European University Institute as part of the GlobalStat Project.

Amid an intense public debate on Transatlantic Trade and Investment Partnership (TTIP) talks, this Infographic provides you with essential data on trade between the world's 2 largest economies. This product was jointly produced by EPRS and the European University Institute as part of the GlobalStat Project.

Brazil: Economic indicators and trade with EU

23-06-2016

Brazil is the biggest economy in Latin America, representing one third of the EU´s total trade with the region. Our infographics, done in close cooperation with GlobalStats, provides a quick and useful overview of its main economic and trade data.

Brazil is the biggest economy in Latin America, representing one third of the EU´s total trade with the region. Our infographics, done in close cooperation with GlobalStats, provides a quick and useful overview of its main economic and trade data.

Russia: Economic indicators and trade with EU

19-05-2016

Which economy grew faster over the past 15 years – the EU or Russia? How many Russians are out of work, and how sound are the country's public finances? How much red tape do Russian businesses have to deal with? What kind of products does the EU export to Russia? You can find the answers to these and other questions in our EPRS publication on Russia: economic indicators and trade with EU, the first of a series of infographics produced in collaboration with the European University Institute's GlobalStat ...

Which economy grew faster over the past 15 years – the EU or Russia? How many Russians are out of work, and how sound are the country's public finances? How much red tape do Russian businesses have to deal with? What kind of products does the EU export to Russia? You can find the answers to these and other questions in our EPRS publication on Russia: economic indicators and trade with EU, the first of a series of infographics produced in collaboration with the European University Institute's GlobalStat on the world's main economies.

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