BUS2001 European Business Environment Session 5 & 6

In today’s first session, we started with a review of the last class and the history of the European Union. Then, the professor showed us the national anthem of the European Union and we also discussed the national anthems of the other countries. We also learned about the difference between free trade agreements and the custom unions. The FTAs are more a pact where they individually set customs and other agreements differently for the third parties while the custom unions are more of a pact that sets the same barriers and customs for third parties while having no customs and other non-tariff barriers within the union. 

Q1: Which are the 10 top countries your country exports to?

  • United Kingdom, United States, China, Turkey, Switzerland, Russia, Canada, Japan, Norway, and South Korea.

Q2: Which are the 10 top EU countries your country exports to?

  • Germany, France, Belgium, Netherlands, Italy, Spain, Poland, Austria, Sweden, and Czech Republic.

Q3: Which are the 10 top countries your country imports from?

  • United States, Japan, China, United Kingdom, Switzerland, Canada, Vietnam, United Arab Emirates, Taiwan, and Turkey.

Q4: Which are the 10 top EU countries your country imports from?

  • Belgium, Germany, France, Netherlands, Italy, Spain, Poland, Czech Republic, Austria, and Ireland

Q5: What are the 10 top products your country exports/imports within the EU and outside the EU?

Within the EU

  • Export: 39 plastics, 84 machinery, 87 vehicles, 72 iron and steel, 85 electrical machinery, 73 articles of iron and steel, 40 rubber, 04 dairy produce, 48 paper and paperboard, and 76 aluminum. 

  • Import: 87 Vehicles, 84 Machinery, 27 Mineral fuels, 39 plastics, 72 iron and steel, 85 electrical machinery, 30 Pharmaceutical products, 22 beverages, 48 paper and paperboard, 73 articles of iron and steel.

Outside the EU

  • Export: 84 machinery, 39 plastics, 72 iron and steel, 87 vehicles, 73 iron or steel, 85 electrical machinery, 40 rubber, 04 dairy produce, 48 paper, 76 aluminum

  • Import: 87 vehicle, 84 machinery, 27 mineral fuels, 85 electrical machinery, 39 plastics, 72 iron and steel, 30 pharmaceutical products, 88 aircraft, 22 beverages, 73 articles of iron or steel

Q6: Create a trade profile of your country (trade partners/products) and compare it with your other group members.


Q7: How does the new EU trade policy support your country to trade more?

  •  Ensure that its trade agreements are in the best interests of Europe and that they will operate in practice, particularly on social and environmental problems.


Q8: Do you have any trade policy recommendations for the government of your country?

Continue to engage in collaborative platforms that support open markets and a trading system based on rules.


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