Report

European Union Trade with Eastern Europe: Adjustment and Opportunities

The 'Europe Agreements' nominally provide the countries of Central and Eastern Europe (CEECs) with free access to European Union markets, but the Union has retained significant protection for certain 'sensitive' products. There are substantial benefits to the Union of a free trade regime with the CEECs: opening new export markets in the East, promoting the economic transformation of the CEECs, and strengthening their commitment to the liberal market economy and political democracy of the Union.
Resistance to fully open policies reflects the concerns in some EU member states that free trade with the rest of the continent will economically damage their domestic industries. Others fear not just this direct competition in domestic markets but also the effect of increased competition in third markets and the possibility of investment diversion from their own countries to the CEECs. This volume explores those concerns from three approaches: cross-sectional studies of the likely long-run comparative advantage of the CEECs; the impact of opening up to the East on individual countries (France, Spain, and Greece); and the specific 'sensitive' sectors of steel and textiles. This book breaks new ground in analysing the actual impact of the changes in Central and Eastern Europe on trade and investment flows in Europe.

Citation

Portes, R and R Faini (eds) (1995), ‘European Union Trade with Eastern Europe: Adjustment and Opportunities‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/european-union-trade-eastern-europe-adjustment-and-opportunities

Citation

Portes, R and R Faini, ‘Opportunities Outweight Adjustment: The Political Economy of Trade with Central and Eastern Europe‘, in Portes, R and R Faini (eds), European Union Trade with Eastern Europe: Adjustment and Opportunities, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/european-union-trade-eastern-europe-adjustment-and-opportunities

Citation

Neven, D, ‘Trade Liberalisation with Eastern Nations: How Sensitive?‘, in Portes, R and R Faini (eds), European Union Trade with Eastern Europe: Adjustment and Opportunities, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/european-union-trade-eastern-europe-adjustment-and-opportunities

Citation

Halpern, L, ‘Comparative Advantage and Likely Trade Pattern of the CEECs‘, in Portes, R and R Faini (eds), European Union Trade with Eastern Europe: Adjustment and Opportunities, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/european-union-trade-eastern-europe-adjustment-and-opportunities

Citation

de Melo, J, J de Melo and O Cadot, ‘France and the CEECS: Adjusting to Another Enlargement‘, in Portes, R and R Faini (eds), European Union Trade with Eastern Europe: Adjustment and Opportunities, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/european-union-trade-eastern-europe-adjustment-and-opportunities

Citation

Gatsios, K and S Dimelis, ‘Trade with Central and Eastern Europe: The Case of Greece‘, in Portes, R and R Faini (eds), European Union Trade with Eastern Europe: Adjustment and Opportunities, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/european-union-trade-eastern-europe-adjustment-and-opportunities

Citation

Martin, C and J Gual, ‘Trade and Foreign Direct Investment with Central and Eastern Europe: Its Impact on Spain‘, in Portes, R and R Faini (eds), European Union Trade with Eastern Europe: Adjustment and Opportunities, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/european-union-trade-eastern-europe-adjustment-and-opportunities

Citation

Winters, L, ‘Liberalisation of the European Steel Trade‘, in Portes, R and R Faini (eds), European Union Trade with Eastern Europe: Adjustment and Opportunities, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/european-union-trade-eastern-europe-adjustment-and-opportunities

Citation

Corado, C, ‘The Textiles and Clothing Trade with Central and Eastern Europe: Impact on Members of the EC‘, in Portes, R and R Faini (eds), European Union Trade with Eastern Europe: Adjustment and Opportunities, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/european-union-trade-eastern-europe-adjustment-and-opportunities