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EU-South Korea FTA as one of the new generation agreements – an overview of the effects of the agreement

100%

Majchrowska E.

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

2017

issue 486

179-193

The changes in the structure of the world economy related to the proliferation of regional trade agreements (RTAs) are reflected in activities undertaken by the EU, which, due to the crisis of multilateral negotiations, seeks alternative forms of gaining access to other markets. Thus, it concludes new-generation trade agreements with its partners as they entail broader and more comprehensive liberalization of trade than that within the WTO. Among them, the agreement which deserves a closer scrutiny is the very first agreement of this kind, signed with an Asian country in 2011, which marked the beginning of a new era in EU-Korean trade relations. An analysis of the volume and dynamics of trade between the two partners indicates good results, particularly for the EU, which has changed its role from a net importer to a net exporter and strengthened its position as one of the key trade partners of South Korea.

EU-Australia Trade Relations – Current Stage and Future Challenges

72%

Majchrowska E.

Krakowskie Studia Międzynarodowe

2018

issue 2

127-142

Faced with a visible stagnation in negotiations within the WTO, the EU prioritized bilateral trade agreements. In the EU’s newly-developed trade and investment strategy from 2015 named “Trade for All”, Australia’s significance as Europe’s close partner sharing European values and playing an important role both in the Pacific region and multilateral forums was clearly emphasized. The main assumptions of this strategy have become the starting point for taking more specific actions in the field of regulating trade relations between the EU and Australia in the form of the forthcoming “comprehensive and high-quality FTA.” Moreover, the current climate in the world trade (connected with e.g. American protectionism) is the cause of the EU’s interest in developing partnership with other, more predictable trade partners. Hence, the agreement planned by the EU would contribute to the stimulation of reciprocal exchange, which is of great importance bearing in mind Australia’s successfully signed FTAs with other countries, including those with EU’s key partners. Finally, the question of Brexit is not without significance in this context.

Wobec zastoju negocjacji na forum WTO priorytetem dla UE stały się dwustronne umowy handlowe. W przedstawionej w 2015 r. nowej strategii handlowej i inwestycyjnej EU “Trade for All” wyraźnie podkreślono znaczenie Australii jako bliskiego partnera Europy, podzielającego europejskie wartości oraz odgrywającego ważną rolę zarówno w regionie Azji Pacyfiku, jak i na forach wielostronnych. Zapisy tej strategii stały się punktem wyjścia do podjęcia konkretnych działań w zakresie pełniejszego uregulowania stosunków handlowych EU z Australią w postaci przyszłej wszechstronnej FTA. Ponadto, bieżąca sytuacja w handlu światowym (związana m.in. z amerykańskim protekcjonizmem) powoduje, że UE dąży do pogłębiania współpracy z innymi, bardziej przewidywalnymi partnerami handlowymi. Planowana umowa przyczyni się zatem do pobudzenia wzajemnej wymiany, co jest szczególnie ważne w świetle podpisanych już przez Australię umów FTA z innymi państwami, w tym także kluczowymi partnerami UE. Nie bez znaczenia pozostaje również kwestia Brexit’u.

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1 Krakowskie Studia Międzynarodowe

1 Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

2 Majchrowska E.

1 2018

1 2017

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EU-South Korea FTA as one of the new generation agreements – an overview of the effects of the agreement

EU-Australia Trade Relations – Current Stage and Future Challenges