China and India - trade partners of EU agribusiness
2011
Svatos, M.,Ceska Zemedelska Univ., Prague (Czech Republic). Katedra Ekonomiky | Smutka, L.,Ceska Zemedelska Univ., Prague (Czech Republic). Katedra Ekonomiky
This paper sets out to analyze more closely the agricultural foreign trade realized between EU countries on the one hand and China and India on the other hand. The mutual agricultural foreign trade is characterized by very dynamic growth. The exports from EU countries are realized at a much higher price per kilogram than it is the case with imports from China and India. Furthermore, while in the EU the growth of value of mutual trade with China and India is realized mainly through growing added value of the traded goods, the value growth of Chinese and Indian exports to the EU is realized mainly through a high share of exported mass. The actual commodity structure of mutual trade is based on limited number of aggregations (approximately 10-15). With respect to comparative advantages achieved only within the framework of trade in relations between the EU - China and EU - India, it is proved that these countries maintain a comparative advantage in 23 aggregations and 26 aggregations, respectively.
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