The pandemic and connectivity between China and Europe
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Lađevac, Ivona; Jovic-Lazic, Ana

doi:10.4324/b22839-6

Cited by 1 publication

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“…Slovenia's largest import partner is China (the volume of exports was USD 6,479,914 in 2021), and the most important import goods are organic chemicals, electrical machines, and equipment. Through the "Belt and Road Initiative", China initiated cooperation with a large number of countries and opened space for capital investment projects (Zakić 2022), which has recently intensified its presence in a wide range of geographical areas (Lađevac and Stekić 2021;Lađevac and Jović-Lazić 2022).…”

Section: Trade Exchange Between the Countries Of The Former Sfrymentioning

confidence: 99%

Foreign Trade Commodity Exchange Between the Countries of the Former SFRY

Filipović¹,

Ignjatović²

2023

The Review of International Affairs

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This paper aims to determine the effects of the transition on mutual trade between the countries of the former Yugoslavia. The research will be based on a qualitative and descriptive analysis of representative databases of the six countries mentioned for the time period after the disintegration of the SFRY. Economic reforms and the trade liberalisation process started even within the SFRY, but the reforms did not yield the desired results. After the disintegration of the SFRY, all countries independently defined the transition process and chose the path of European integration. In the first phase of the transition, all countries experienced recession and hyperinflation and a high foreign trade deficit due to trade liberalisation. The second phase was characterised by regulatory reform and institution building, but this process did not proceed at the same speed in all countries. After 2000, Slovenia was the only one with a higher export level as a percentage of GDP compared to imports (68.2%), and the other countries lagged significantly behind. When Slovenia and Croatia became EU members, they increased their foreign trade exchange with the EU. Other countries of the former Yugoslavia developed their mutual trade, primarily due to the CEFTA Agreement. By signing the agreement, all countries achieved export growth as a percentage of GDP, and the highest values of this indicator were recorded in North Macedonia (49.6%) and Serbia (40.8%). Within the CEFTA group, Serbia is the largest exporter and importer by value (its most important partner is Bosnia and Herzegovina). If we consider all the countries of the former SFRY, the largest exporter and importer is Slovenia, and its largest foreign trade partner is Croatia.

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Section: Trade Exchange Between the Countries Of The Former Sfrymentioning

confidence: 99%