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Notes & Recommendations
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10/02/04 On 4 February 2004, the European Commission has issued a memo on the trade implications of the EU enlargement on EU trade. A few main figures are given. They show that the EU population will rise to 455 million (+ 20%) when the gross domestic product (GDP) will grow by 8.5%, EU becoming therefore poorer on average. On the other hand, the EU will be less open to the international trade as its share will fall to 26.9% of GDP. Indeed, this is a consequence of the increase of the internal market which brings a better access to a larger population and a reduction in custom duties. They are other advantages and also a need to reorganise the trade agreements of the new partners. |
