The Evolution of Trading with Agri-food Products in European Union

Abstract

The following paper addresses: the evolution of trade in agricultural and food products in the European Union between 2002-2017, highlighting both, the most competitive and also the least developed countries in this area. The European Union is the world's leading actor in the field of trade, being a great economic, commercial and political power. The benefits this fact generates for each country member of the European Union are multiple: it provides citizens with better quality of life, offers them a wide range of products, gives countries opportunities for growth, for a bigger and fairer marketplace, where customs duties were eliminated in trading between members and merged for goods imported from third countries. Because of this position, the European Union has a decisive role in the negotiations made inside the World Trade Organization.

Keywords

• trade
• export
• import
• commercial balance of trade