1. Trade Flows Between the European Union and the Eastern Partnership Countries: Dynamics and Prospects
- Author:
- Tomasz Grodzicki
- Publication Date:
- 12-2022
- Content Type:
- Journal Article
- Journal:
- Nowa Polityka Wschodnia
- Institution:
- Faculty of Political Science and International Studies, Nicolaus Copernicus University in Toruń
- Abstract:
- The Eastern Partnership is a part of the European Neighbourhood Policy focusing on the EU’s Eastern neighbours. Its main objective is to deepen the political and economic integration of the EU with six countries in Eastern Europe and the South Caucasus: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. The aim of this paper is to assess the development of EU trade relations with Eastern Partnership Countries from 2002 to 2021 and to indicate its prospects. The results show that the EU is in a group of main trading partners of the Eastern Partnership countries. The EU noticed both: a trade surplus with Belarus, Georgia, Moldova, Ukraine and Armenia (except in 2005); and a trade deficit with Azerbaijan. The volumes of imports and exports had increased over the years which also led to better economic integration with the EU. However, the future EU-Eastern Partnership trade characteristics and dynamics remain unknown due to the Russian invasion on Ukraine that caused troubles in trade flows in Ukraine and economic sanctions on Russia and Belarus.
- Topic:
- European Union, Partnerships, Exports, Trade, and Imports
- Political Geography:
- Europe, Ukraine, Moldova, Armenia, Azerbaijan, Georgia, and Belarus