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Trade Flows Between the European Union and the Eastern Partnership Countries: Dynamics and Prospects

Author: Tomasz Grodzicki
Institution: Nicolaus Copernicus University in Torun
ORCID: https://orcid.org/0000-0001-7819-2127
Year of publication: 2022
Source: Show
Pages: 145-160
DOI Address: https://doi.org/10.15804/npw20223507
PDF: npw/35/npw3507.pdf

Trade Flows Between the European Union and the Eastern Partnership Countries: Dynamics and Prospects

The Eastern Partnership is a part of the European Neighbourhood Policy focusing on the EU’s Eastern neighbours. Its main objective is to deepen the political and economic integration of the EU with six countries in Eastern Europe and the South Caucasus: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. The aim of this paper is to assess the development of EU trade relations with Eastern Partnership Countries from 2002 to 2021 and to indicate its prospects. The results show that the EU is in a group of main trading partners of the Eastern Partnership countries. The EU noticed both: a trade surplus with Belarus, Georgia, Moldova, Ukraine and Armenia (except in 2005); and a trade deficit with Azerbaijan. The volumes of imports and exports had increased over the years which also led to better economic integration with the EU. However, the future EU-Eastern Partnership trade characteristics and dynamics remain unknown due to the Russian invasion on Ukraine that caused troubles in trade flows in Ukraine and economic sanctions on Russia and Belarus.

Торговые потоки между Европейским Союзом и странами Восточного партнерства: динамика и перспективы

Восточное партнерство является частью Европейской политики соседства, ориентированной на восточных соседей ЕС. Его основной целью является углубление политической и экономической интеграции ЕС с шестью странами Восточной Европы и Южного Кавказа: Арменией, Азербайджаном, Беларусью, Грузией, Молдовой и Украиной. Целью данной статьи является оценка развития торговых отношений ЕС со странами Восточного партнерства с 2002 по 2021 год и обозначение его перспектив. Результаты показывают, что ЕС входит в группу основных торговых партнеров стран Восточного партнерства. ЕС заметил и то, и другое: положительное сальдо торгового баланса с Беларусью, Грузией, Молдовой, Украиной и Арменией (кроме 2005 г.); и торговый дефицит с Азербайджаном. Объемы импорта и экспорта с годами увеличились, что также привело к лучшей экономической интеграции с ЕС. Однако будущие торговые характеристики и динамика ЕС-Восточного партнерства остаются неизвестными из-за российского вторжения в Украину, которое вызвало проблемы с торговыми потоками в Украине, и экономических санкций против России и Беларуси.

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Eastern Partnership (EaP) European Union (EU) exports imports trade Восточное партнерство (ВП)

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