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Trade In Goods Of The European Union With Thebrics Countries

Author

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  • Luiza Loredana Nastase

    (University of Craiova Faculty of Economics and Business Administration)

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%.

Suggested Citation

  • Luiza Loredana Nastase, 2012. "Trade In Goods Of The European Union With Thebrics Countries," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(40), pages 196-201.
  • Handle: RePEc:aio:aucsse:v:1:y:2012:i:40:p:196-201
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    File URL: http://feaa.ucv.ro/AUCSSE/0040v1-031.pdf
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    More about this item

    Keywords

    world trade; global governance; economic integration; strategic partnership; emerging power;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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