European Trade with China



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Code : ITF0018

Year :
2004

Industry :General Business

Region : :China Europe

Teaching Note: Not Available

Structured Assignment : Not Available

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Abstract: In 1975, when Europe re-established diplomatic relations with China, the bilateral trade was just $2.4 billion. By 2002, the bilateral trade had grown to $142 billion, making China the second largest trading partner of the European Union (EU) after the US. However, the trade deficit of Europe with China, which was a mere 0.1 billion euros in 1980 had surged to a colossus 47.3 billion euros by 2002.

Pedagogical Objectives:

  • To discuss the factors that helped the rapid growth in trade between Europe and China and the factors responsible for the European trade deficits
  • To discuss the nuances of sustainability of trade deficits.

    Keywords
    European Union (EU), China, Foreign trade, Bilateral agreements between Europe and China, International Trade & World Economy Case Study, World Trade Organisation (WTO), China's economic reforms, Trade constraints in China, Tariff and non-tariff barriers in China, EU and China trade relations, Euro and European foreign trade, European community, China's WTO membership, Trade between Europe and Asia, European Union's trade deficits, China's balance of payments

    Contents :
    LAYING THE FOUNDATION
    ECONOMIC REFORMS AND WTO
    TRADE CONSTRAINTS IN CHINA
    RAPID TRADE GROWTH


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