openness and t he eu
Post on 22-Feb-2016
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Openness And The EU
Does Candidacy to the EU Increase a Nation’s Trade Openness?By: Constantine Petallides
What is Trade Openness?
• (Imports + Exports)/GDP
• More Business = Stronger and More Stable Economy
Why Does the EU Care?
• Copenhagen Criteria: Existence of a functioning market economy and the capacity to cope with competitive pressure and market forces within the Union.1
• $$$$$$$$ $$$$$$$$ $$$$$$$$– Fewer tariff walls and “Four Freedoms”
• Everyone Wins!
1Europa – Glossary – Accession Criteria (Copenhagen Criteria), http://europa.eu/scadplus/glossary/accession_criteria_copenhague_en.htm
Openness in the EU
Low Openness High OpenessCandidate Turkey (1999) Croatia (2004)Non-Candidate Bulgaria (1997) Malta (1996)
Conclusion
• Members with High Trade Openness– Boost EU Economy– Reduce Costs– Makes EU Goods More Competitive
• Increase Openness to be More Desirable Member.
Thank You
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