Changes of Lithuanian foreign trade of agricultural and food products in the context of the EU integration
2008
Bernatonyte, D., Kaunas Univ. of Technology (Lithuania) | Simanaviciene, Z., Kaunas Univ. of Technology (Lithuania)
This article analyses the changes of Lithuanian foreign trade of agricultural and food products in the context of the EU integration. Lithuania is a small open market, thus its economy largely depends on foreign trade. The statistics indicate that agricultural and food sector plays a significant role in Lithuanian foreign trade. The role of agricultural and food sector in Lithuanian economy and foreign trade is characterized by: higher share of agricultural and food sector in the gross domestic product (GDP); higher share of export of agricultural and food products in the total export of Lithuania; and higher share of import of agricultural and food products in the total import of Lithuania. Analysing the problems of Lithuanian agricultural and food products development it is necessary to analyse foreign trade conditions. Seeking to define the ways for improvement Lithuanian foreign trade of agricultural and food products, the article deals with the analysis of the conditions of nature, structure and changes of foreign trade after Lithuania became a member of the EU. The paper argues that it is necessary to analyse the changes of exports when seeking to solve development problems of Lithuanian foreign trade of agricultural and food products. Thus the study determines the main problems of export development and the ways of solving problems.
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