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List Of The Largest Trading Partners Of The European Union
According to the European Commission Directorate-General for Trade. The 10 largest trading partners of the European Union with their total trade (sum of imports and exports) in millions of euro for calendar year 2021 are as follows. In the table, a positive trade balance means that the EU exports more than it imports from the given country. With United Kingdom withdrawal from the European Union, United Kingdom enters the top ten partners of the EU-27. See also *European Union free trade agreements *List of the largest trading partners of India *List of the largest trading partners of the United States *List of the largest trading partners of the People's Republic of China This is a list of the largest trading partners of the People's Republic of China. Background China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with bo ... References {{DEFAULTSORT:Trading Partners Of Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EU Largest Trading
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a ''sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directorate-General For Trade (European Commission)
The Directorate-General for Trade (DG TRADE) is a Directorate-General of the European Commission. The European Commission's Directorate- General for Trade (DG Trade) develops and implements the EU's trade policy in order to help secure prosperity, solidarity and security in Europe and around the globe. It covers a wide area from manufactured goods to services, intellectual property and investment. As of 1 June 2019 Sabine Weyand is the Director-General. The DG Trade reports to the Trade Commissioner. Trade Commissioner history Under the authority in the von der Leyen Commission of Valdis Dombrovskis, the European Commissioner for Trade, DG TRADE coordinated trade relations between the European Union ( EU) and the rest of the world. Organisation *European Commissioner for Trade *Director General **Directorate A - Multilateral Affairs, Strategy, Analysis, Evaluation ****Unit A1 - Multilateral affairs and WTO ****Unit A2 - Trade Strategy ****Unit A3 - Chief Economist, Trade Analysis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brexit
Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAEC or Euratom). The UK is the only sovereign country to have left the EU or the EC. Greenland left the EC (but became an OTC) on 1 February 1985. The UK had been a member state of the EU or its predecessor the European Communities (EC), sometimes of both at the same time, since 1 January 1973. Following Brexit, EU law and the Court of Justice of the European Union no longer have primacy over British laws, except in select areas in relation to Northern Ireland. The European Union (Withdrawal) Act 2018 retains relevant EU law as domestic law, which the UK can now amend or repeal. Under the terms of the Brexit withdrawal agreement, Northern Ireland continues to participate in the European Single Market in relation to goods, and to be a member o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Balance
The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are bad in and of themselves is overwhelmingly rejected by trade experts and economists. Explanation The balance of trade forms part of the current account, which includes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union Free Trade Agreements
The European Union has concluded free trade agreements (FTAs) and other agreements with a trade component with many countries worldwide and is negotiating with many others. The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to conclude trade agreements. Even so, member states' governments control every step of the process (via the Council of the European Union, whose members are national ministers from each national government): * Before negotiations start, member states' governments (via the Council of Ministers) approve the negotiating mandate; * During negotiations, member states' governments are regularly briefed on the progress of negotiations and can update the negotiations mandate or suspend negotiations; * Upon conclusion of negotiations, member states' governments decide whether the agreement should be signed; * After approval from the European Parliament and (in cas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of The Largest Trading Partners Of India
According to the Ministry of Commerce and Industry (India), Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 59.37% of total trade by India in the financial year 2019-2020. These figures include trade in goods and commodities, but do not include services or foreign direct investment. The two largest goods traded by India are mineral fuels (refined / unrefined) and gold (finished gold ware / gold metal). In the year 2013–14, mineral fuels (HS code 27) were the largest traded item with 181.383 billion US$ worth imports and 64.685 billion US$ worth re-exports after refining. In the year 2013–14, Gold Control Act, gold and its finished items (HS code 71) were the second largest traded items with 58.465 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition. These two goods are constituting 53% total imports, 34% total exports and nearly 100% of total Balance of trade, trade deficit (136 billion US$) of India ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of The Largest Trading Partners Of The United States
The 30 largest trade partners of the United States represent 87.9% of U.S. exports, and 87.4% of U.S. imports . These figures do not include services or foreign direct investment. The largest US partners with their total trade in goods (sum of imports and exports) in billions of US dollars for calendar year 2021 are as follows: Countries of which United States is the largest trading partner The United States is also the primary export or import partner of several countries. The percentages on these tables are based on 2016 data as shown on the CIA World Factbook. See also *Economy of the United States * List of imports of the United States * Value added tax trade criticism *List of the largest trading partners of Australia *List of the largest trading partners of Canada *List of the largest trading partners of China *List of the largest trading partners of the European Union **List of the largest trading partners of Germany **List of the largest trading partners of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of The Largest Trading Partners Of The People's Republic Of China
This is a list of the largest trading partners of the People's Republic of China. Background China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world. All trading partners are considered important to the development of the Chinese economy, however the title of China's largest partners are ever-changing due to national and international policy changes. The expansion of the Chinese economy grew 6.8% the last quarter of 2017, equaling the growth of the prior 3 months exceeding expectations of 6.7%. The overall economy expanded 6.9% last year, just beating the 6.7% of 2016 which ended a drought of a declining trend that started in 2011. List of largest trading partners of China T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Relations Of The European Union
Although there has been a large degree of integration between European Union member states, foreign relations is still a largely intergovernmental matter, with the 27 members controlling their own relations to a large degree. However, with the Union holding more weight as a single bloc, there are at times attempts to speak with one voice, notably on trade and energy matters. The High Representative of the Union for Foreign Affairs and Security Policy personifies this role. Policy and actors The EU's foreign relations are dealt with either through the Common Foreign and Security Policy decided by the European Council, or the economic trade negotiations handled by the European Commission. The leading EU diplomat in both areas is the High Representative Josep Borrell. The council can issue ''negotiating directives'' (not to be confused with directives, which are legal acts) to the Commission giving parameters for trade negotiations. A limited amount of defence co-operation t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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