engleski

Trade policy implementation for new and potential EU members

Slovenia as EU member will have to change foreign trade policy after entering the EU. Changes will be on two levels: - Adjustments of national trade policy objectives and instruments to obligatory EU trade policy framework, - Utilization of the EU trade policy in helping domestic companies to increase trade with non-traditional markets outside the EU. Adequate trade policy requires supporting sustainable growth of national business sectors' competitiveness. Countries with similar characteristics of production have similar trade patterns and vice versa. Identifying similar trade patterns may suggest the country's characteristics most important in determining trade patterns and by those elements of their competitiveness relevant to trade policy implementation. Reviled Comparative Advantage index indicates goods in which Slovenia presumably has pre-trade comparative advantage. Grubel-Lloyd index indicates industries with high level of intra-industry trade ; assumingly they present industries with higher competitive ability. Use of both indicators could offer valuable information in the process of effective adjustment of Slovenian trade policy within the EU. Calculations of both indexes in the paper indicate product groups where Slovenia could have pre-trade comparative advantage or competitive advantage. Analytical results suggest that the number of product groups with one or another type of trade advantage is limited and are located in manufacturing sectors. Adjustment of Slovenia trade policy after entering the EU could productively use the information on sectors with pre-trade comparative, or trade competitive advantage.

Slovenia; trade policy; competitiveness

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