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Foreign trade of Greece with the third countries of the Euro-Mediterranean partnership

• Μαγούλιος, Γιώργος

This paper analyses the foreign trade of Greece with the Third Mediterranean Countries (TMC) of the Euro-Mediterranean Partnership. More specifically, this paper examines the EuroMediterranean Partnership, the foreign trade, the trade balance, the sectoral composition of the bilateral trade relationships between Greece and TMC. The intensity of intra-industry trade measured with the Grubel-Lloyd index (GL index, Bi) as well the Revealed Comparative Advantage (RCA) have been examined. The key conclusions of the survey are that during the study period, the foreign trade of Greece with TMC has been increased, the trade balance of Greece with TMC is in deficit and the trade conditions are unfavourable for Greece. The degree of experiencing disadvantage is lower in case of trade with TMC than with the EU countries and third countries in total. From the empirical analysis of both the indexes Bi and RCA, it is evident that the degree of intensity of the intra-industry trade is related positively to the comparative advantage in the transactions of Greece with TMC countries.

• Economics and Business
• Computer and information sciences

• Commerce
• Economics
• Cooperation
• Statistics

Ελλάδα, εξωτερικό εμπόριο, Μεσογειακές χώρες

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