Transcript Openness And The EU

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
Candidate
Non-Candidate
Low Openness
Turkey (1999)
Bulgaria (1997)
High Openess
Croatia (2004)
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