Social Sciences
5 years ago

EU's Trade Strategy Shifts to Compete with Fast-Growing Economies.

RePEc: Research Papers in Economics
TRADE STRATEGY OF THE EUROPEAN UNION OR HOW TO COMPETE WITH THE WORLD
Lenka Fojtíková

Paper Summary

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The European Union is working on a trade strategy to stay competitive in the global market. They are facing challenges from fast-growing economies and need to find ways to increase their share in world trade. By analyzing trade patterns from 2006 to 2011, they identified areas where they can expand their trade. The EU aims to open up foreign markets for their producers and exporters to maintain their leading position in world trade.