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The Evolution Of Eu Trade In Services And Perspectives For Its Promotion In The New Eu Trade Strategy

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  • Georgeta ILIE

Abstract

This paper aims to highlight the role of the EU in international trade in services from the perspective of the most representative macroeconomic indicators, emphasizing the contribution of EU trade policies both in supporting the economic interests of the member states and in increasing the EU's role in international trade in services. The analysis addresses the measures taken to inventory and reduce the existing regulatory barriers regarding international trade in services in EU member states, highlighting the impact of their elimination on EU economies. The last part of the paper presents the contribution of the new EU trade strategy, launched in February 2021, in supporting the development of the EU services sector, mainly in the direction of digitalization, as well as in the EU's involvement in international trade in services regulations at the level of the World Trade Organization.

Suggested Citation

  • Georgeta ILIE, 2022. "The Evolution Of Eu Trade In Services And Perspectives For Its Promotion In The New Eu Trade Strategy," Euroinfo, Institute for World Economy, Romanian Academy, vol. 6(1), pages 71-87, March.
    • Handle: RePEc:iem:eurinf:v:6:y:2022:i:1:p:71-87
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    File URL: https://www.iem.ro/rem/index.php/euroinfo/article/view/828/911
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    More about this item

    Keywords

    EU; trade in services; indicators; trade barriers; trade policy; the new EU trade strategy;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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