TRADE IN GOODS OF THE EUROPEAN UNION WITH THEBRICS COUNTRIES

Luiza Loredana Nastase ()

Annals of University of Craiova - Economic Sciences Series, 2012, vol. 1, issue 40, 196-201

Abstract: The present paper points out the fact that the stable economic growth of the states can be obtained only due to the existing interdependences between the developed economies and the emerging ones. In order to increase its role in different parts of the globe, but also to ensure a balance between its states and the emerging economies, the European Union has established strategic partnerships with all BRICS countries. For the latter, the EU represents the main trade partner and besides the creation of an environment adequate to the development of the international trade, the realization of a tight cooperation in the field of security, illegal migration, climate changes and terrorism is also on the agenda. The BRICS countries are important for the world trade because of their economic power, as they have become the states whose markets have known the fastest development in the world. Thus, it is important to keep in mind that EU’s imports from the BRICS countries represented in 2011 more than 33,7% of the total, while exports were above 21%.

Keywords: world trade; global governance; economic integration; strategic partnership; emerging power (search for similar items in EconPapers)
JEL-codes: F02 F13 F17 (search for similar items in EconPapers)
Date: 2012
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/AUCSSE/0040v1-031.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2012:i:40:p:196-201

Access Statistics for this article

Annals of University of Craiova - Economic Sciences Series is currently edited by Sorinel Domnisoru

More articles in Annals of University of Craiova - Economic Sciences Series from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Anca Bandoi ( this e-mail address is bad, please contact ).