Policy (trade)

Question 1

What is GSP? Since when is it in place?

Answer 1

Generalised Scheme of Preferences. Is a unilateral trade tool that removes or reduces import duties from products coming into the EU from vulnerable low-income countries.
GSP is in place since 1971

Question 2

How many trade agreements?

Answer 2

42 agreements with 74 countries (as of 15/11/23)

Question 3

main EU trade partners (in terms of exports) (2021)

Answer 3

China: 16.2%
USA:14.7%
UK: 10.0%
Switzerland: 6.5%
Russia: 5.9%
Turkey: 3.7%
Norway: 3.1%
Japan 2.9%
South Korea 2.5%
India 2.1%

Question 4

Foreign direct investment, from X to other countries (share of outward stocks)

Answer 4

EU: 26.9%
USA: 20.7%
China: 6.0%
UK: 5.2%
Japan: 5.1%
Canada: 5.0%

Question 5

Foreign direct investments, receivers (inward stock)

Answer 5

USA: 26.1%
EU: 21.1%
UK: 5.3%
China: 4.6%
Canada: 2.7%
Japan: 0.6%