Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 11 pages
Data source: Published sources
Topics:
European Union (EU); China; Foreign trade; Bilateral agreements between Europe and China; World Trade Organisation (WTO); China's economic reforms; Trade constraints in China; Tariff and non-tariff barriers in China; EU and China trade relations; Euro and European foreign trade; European Community; China's WTO membership; Trade between Europe and Asia; European Union's trade deficits; China's balance of payments
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Abstract
In 1975, when Europe re-established diplomatic relations with China, the bilateral trade was just US$2.4 billion. By 2002, the bilateral trade had grown to US$142 billion, making China the second largest trading partner of the European Union (EU) after the US. However, the trade deficit of Europe with China, which was a mere 0.1 billion euros in 1980 had surged to a colossus 47.3 billion euros by 2002. This case study highlights the factors that helped the rapid growth in trade between Europe and China and the factors responsible for the European trade deficits. It also offers the scope for understanding the nuances of sustainability of trade deficits. A structured assignment ''204-076-4'' is available to accompany this case.
Location:
Other setting(s):
2004
Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 10 pages
Data source: Published sources
Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 12 pages
Data source: Published sources
Topics:
European Union (EU); China; Foreign trade; Bilateral agreements between Europe and China; World Trade Organisation (WTO); China's economic reforms; Trade constraints in China; Tariff and non-tariff barriers in China; EU and China trade relations; Euro and European foreign trade; European Community; China's WTO membership; Trade between Europe and Asia; European Union's trade deficits; China's balance of payments
About
Abstract
In 1975, when Europe re-established diplomatic relations with China, the bilateral trade was just US$2.4 billion. By 2002, the bilateral trade had grown to US$142 billion, making China the second largest trading partner of the European Union (EU) after the US. However, the trade deficit of Europe with China, which was a mere 0.1 billion euros in 1980 had surged to a colossus 47.3 billion euros by 2002. This case study highlights the factors that helped the rapid growth in trade between Europe and China and the factors responsible for the European trade deficits. It also offers the scope for understanding the nuances of sustainability of trade deficits. A structured assignment ''204-076-4'' is available to accompany this case.
Settings
Location:
Other setting(s):
2004
Related
Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 10 pages
Data source: Published sources
Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 12 pages
Data source: Published sources
Topics:
European Union (EU); China; Foreign trade; Bilateral agreements between Europe and China; World Trade Organisation (WTO); China's economic reforms; Trade constraints in China; Tariff and non-tariff barriers in China; EU and China trade relations; Euro and European foreign trade; European Community; China's WTO membership; Trade between Europe and Asia; European Union's trade deficits; China's balance of payments