CEECs Exports to the EC : Country Differentiation and Commodity Diversification
Only a few years have elapsed since the CMEA officially came to an end and since the first Association Agreements were signed between the Central and Eastern European Countries (CEEC) and the European Union. But the trade between these two parts of Europe has evolved rapidly, and an assessment of the CEEC exports to the European Community from 1989 to 1993 already provides some answers to the questions raised five years ago about the pattern of their future integration into the world economy. Since 1989 the CEEC have redirected their foreign trade away from CMEA and have strongly expanded their trade flows with the EC countries. This was a natural trend, predicted by the "gravity models" and favoured by policies aimed at removing the institutional restrictions to trade. The commodity trends that supported the expansion of EC exports during this period provide evidence that their most traditional export sectors continued to have a decisive role (textile industries, iron and steel) but also that new export capacities are emerging in engineering industries (electrical machinery, transport equipment).
international trade; international comparison; CEECs
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