Trade development between the European Union and Japan from 1995 to 2008
The present paper is aimed to give an analysis of trade ties between the EU and Japan, and to focus on most important factors which have shaped their mutual trade from 1995 until 2008. The analysis leads to the conclusion that mutual trade ties are becoming less and less important in the system of economic relations of the European Union and Japan. Despite the fact that after the year 1995 there have been relatively good conditions for the development of trade relations, the share of Japan in the aggregate volume of EU’s exports and imports has decreased, and, what is more, the EU has become a less important supply and demand market for Japan. The regression of mutual trade ties is a consequence of many factors, of which the most important are: globalization of economic activity; strong regionalization tendencies in the world economy as well as the EU’s and Japan’s trade policies towards Asian countries.
Volume (Year): 56 (2009)
Issue (Month): (November)
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