EU enlargement sparks trade shifts in East Asia, boosting market opportunities.
The EU is expanding, and this can affect East Asian economies. A study used a model to see how trade changes will impact East Asia. The overall effects on East Asia are small, with some trade diversion. However, there may be opportunities for East Asia to sell more in certain sectors of the growing EU. The study also looked at how making trade easier between the new EU countries and the existing ones could boost productivity.