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Mercosur, the 'southern common market', was founded in 1991 when Argentina, Brazil, Paraguay, and Uruguay signed the Treaty of Asunción. In 2012, Venezuela formally joined Mercosur as a fifth member, but in December 2016 the country was suspended temporarily for failure to transpose Mercosur rules into Venezuelan law. In August 2017, the suspension was prolonged indefinitely. This paper presents economic indicators for the four members, for example showing their GDP and labour market situations, ...

This workshop of the Committee on International Trade discussed recent developments in trade defence legislation and practice from the perspectives of the EU, the USA and the WTO. A set of trade defence rules have been agreed in the framework of the World Trade Organisation (WTO), in particular on anti-dumping, anti-subsidies and safeguards. The WTO also provides a dispute settlement system for cases brought forward by its members. The EU has recently adopted two sets of new legislation on Trade ...

Understanding trade balances

Lyhyesti 08-02-2019

Trade policy discourse on both sides of the Atlantic has recently focused on trade deficits and surpluses. In the United States (US), President Donald Trump has routinely referred to the US trade deficit as a central indicator of the country's economic woes and made its reduction a key objective of US trade policy. In Europe, the world's largest trade surplus, run by Germany, has come under scrutiny. However, focusing on trade balances of exports and imports can be misleading in the trade policy ...

Euroopan unionin kalastusala lukuina

Faktatietoja EU:sta 01-09-2017

Seuraavissa taulukoissa on yhteisen kalastuspolitiikan (YKP) eri osa-alueiden perustilastotietoja seuraavasti: jäsenvaltioiden kalastuslaivastot vuonna 2014 (taulukko I), työllisyystilanne kalastusalalla, vesiviljelyalalla ja kalanjalostusalalla vuonna 2011 (taulukko II), kalastus- ja vesiviljelytuotteiden hankintatase vuonna 2012 (taulukko III), kalastus- ja vesiviljelytuotteiden kulutus vuonna 2012 (taulukko IV) sekä Euroopan meri- ja kalatalousrahaston varojen jakautuminen 2014–2020 (taulukko  ...

Euroopan unioni ja sen kauppakumppanit

Faktatietoja EU:sta 01-09-2017

EU on vuosien mittaan siirtynyt pois työvoimavaltaisista alhaisen hintatason tuotteista ja erikoistuu korkean hintatason merkkituotteisiin. EU:n talous on avointa, joten kaupankäynti on sille elintärkeää. EU käy neuvotteluja vapaakauppasopimuksista, jotta kaupan esteet voitaisiin poistaa ja EU:n yrityksillä olisi tasapuoliset toimintaedellytykset. EU on myös Maailman kauppajärjestön (WTO) perustaja ja keskeinen toimija siinä.

The Trade Agreement between the EU and Peru and Colombia has been provisionally implemented since the middle of 2013. However, based on limited secondary data available to date on its effects, this report shows that trade profiles have not been substantially altered. EU exports to Latin America are dominated by pharmaceuticals, machinery and vehicles, and have experienced very slight increases. Colombian exports to the EU have benefitted more than Peruvian exports from improved access, but oil and ...

Cuba's international trade

Lyhyesti 09-02-2015

Cuba's main imports are machinery, food and fuel products, while its major exports are refined fuels, sugar, tobacco, nickel and pharmaceuticals. In addition to merchandise exports, Cuba pays for much-needed imports through the export of services (tourism, medical personnel working abroad), remittances from Cubans living out of the country and finance from outside benefactors. The island recently reformed its foreign investment law and opened a Chinese-style 'special economic zone' around the new ...

Although China managed to sustain its previous year’s level of economic growth in 2013, its economy is headed towards further change and possible upheaval. Beijing has accordingly widened its focus, and is no longer concentrating solely on economic growth. Inflation remained stable in the country. However, falling producer prices present challenges for Chinese production. The real estate bubble and growing debt are threatening the country’s economic stability. Beijing has liberalised a number of ...

Economic Dialogue with France

Briefing 14-03-2014

This paper gives an overview of the economic situation in France.

From average annual growth of 2.9 percentage points (pp) during the 2005-08 period, the recession brought average EU28 annual GDP growht down to 0.1pp in the years 2009-12.