Tradeflow Study - UNDP Black Sea Trade and Investment Promotion ...

More documents

Recommendations

Info

Imports Perspective . There are certain countries which do not seem to currently display a very high level of complementarity. These includes Moldova’s exports and Turkey’s imports (though Turkey’s exports match closely Moldova’s imports), Armenian exports and Turkey imports, Albania exports and Ukraine’s imports. Table 6. Trade Complementarity in BSEC (2005) Exports Perspective ALB ARM AZE BGR GEO GRC MDA ROM RUS SEM TUR UKR Albania 37% 31% 38% 56% 37% 65% 36% 61% 52% 64% 49% 47% Armenia 22% 32% 33% 42% 30% 55% 32% 50% 50% 62% 50% 49% Azerbaijan 23% 30% 17% 44% 35% 45% 30% 39% 38% 58% 57% 56% Bulgaria 40% 23% 33% 61% 39% 70% 29% 65% 56% 62% 56% 55% Georgia 23% 28% 46% 44% 28% 56% 32% 60% 61% 61% 45% 46% Greece 30% 20% 65% 44% 29% 48% 23% 62% 83% 44% 31% 36% Moldova 30% 27% 47% 50% 26% 60% 32% 65% 62% 58% 48% 47% Romania 24% 21% 63% 44% 29% 54% 24% 64% 79% 48% 47% 41% Russia 30% 30% 18% 49% 42% 46% 38% 45% 39% 62% 57% 75% S&M 29% 29% 34% 53% 33% 62% 31% 56% 51% 65% 56% 56% Turkey 25% 13% 41% 42% 39% 38% 12% 74% 57% 37% 20% 49% Ukraine 21% 24% 64% 40% 26% 49% 22% 60% 85% 46% 40% 44% Source: UNSD Comtrade Statistics, 2006 II.1.2 Revealed Comparative Advantage between BSEC Member States The assessment of a country’s export potential is strongly influenced by the degree of its revealed comparative advantage (RCA). Countries with similar RCA profiles are less likely to have high bilateral trade intensities unless intra-industry trade is involved. This is because both are specialised in similar product segments. RCA measures, if estimated at high levels of product disaggregation, can highlight non-traditional products that could be successfully exploited. The RCA index of country i for product j is measured by the product’s share in the country’s exports in relation to its share in BSEC trade: RCA ij 1 i x x ij ij j i x ij i x ij 24/135
Where i and j indicate industry and home country, respectively. On the numerator, x ij represents exports of industry i in country j to the world. On the denominator the sum of all countries in BSEC is used for comparative purposes. Thus a comparison is made between the structure of trade for one BSEC member country, vis-à-vis the structure of all other BSEC member countries. Therefore, RCA ij > 1 means that industry i in country j has a comparative advantage (compared with the BSEC average) while if RCA ij
Page 1: Black Sea Economic Cooperation: Stu
Page 4 and 5: . Table of Contents Abbreviations .
Page 6 and 7: . Table 15d. Greece’s Commitments
Page 8 and 9: . Abbreviations BSEC EBRD EU EUROST
Page 10 and 11: . econometric model, referred to as
Page 12 and 13: . In this regard, travel services h
Page 14 and 15: . stock and foreign affiliates acti
Page 16 and 17: Current account balance (% of GDP)
Page 18 and 19: % of GDP . The dynamism of the priv
Page 20 and 21: . I.2. Background to Trade and Inve
Page 22 and 23: . II. Trade Potential and Opportuni
Page 24 and 25: . As mentioned earlier, the major e
Page 28 and 29: . II.1.3 Intra-industry trade betwe
Page 30 and 31: j j . x is the value of total expo
Page 32 and 33: . Table 10 provides a summary of th
Page 34 and 35: . Table 11. Twenty five products wi
Page 36 and 37: . Wood and wood products, in parti
Page 38 and 39: . Metal products, in particular HS
Page 40 and 41: Maximum MFN in Region (%) . make cr
Page 42 and 43: . II.4. Services With the exception
Page 44 and 45: . Table 13. Performance of trade in
Page 46 and 47: . Table 14a. Indicative Service Exp
Page 48 and 49: . Table 14e. Indicative Service Exp
Page 50 and 51: . Table 14i. Indicative Service Exp
Page 52 and 53: . divided by each mode of supply, f
Page 54 and 55: . Table 15b. Armenia’s Commitment
Page 56 and 57: . Table 15d. Greece’s Commitments
Page 58 and 59: . Table 15f. Turkey’s Commitments
Page 60 and 61: . Other commercial services (which
Page 62 and 63: . Table 16 Foreign direct investmen
Page 64 and 65: . In terms of existence of a legal
Page 66 and 67: . III.3. Sectoral opportunities BSE
Page 68 and 69: . service sector (retail, business
Page 70 and 71: . Table 23b. FDI in Bulgaria (2005)
Page 72 and 73: . Table 23d. FDI in Romania (2005)
Page 74 and 75: . Table 23f. FDI in Turkey (2005) I
Page 76 and 77:
. 74/135
Page 78 and 79:
. of trade in services performance,
Page 80 and 81:
. Egger, P. (2002), An Econometric
Page 82 and 83:
. World Bank (2005), Trade, Transp
Page 84 and 85:
. Annex 1. Trade Indicators 82/135
Page 86 and 87:
. Table A2. Major Import Partners f
Page 88 and 89:
. Table A4. Major Import by Product
Page 90 and 91:
Albania Armenia Azerbaijan Bulgaria
Page 92 and 93:
. HS Description ALB ARM AZE BGR GE
Page 94 and 95:
. Table A7 Trade intensity in BSEC
Page 96 and 97:
. HS Description ALB ARM AZE BGR GE
Page 98 and 99:
. country I and country j’s capit
Page 100 and 101:
. Annex 2.3. Results of Gravity Equ
Page 102 and 103:
. Georgia Sector / Exports to ALB A
Page 104 and 105:
. Russia Sector / Exports to ALB AR
Page 106:
. Annex 2.4. Results of Trade Flow
Page 109 and 110:
107/135
Page 111 and 112:
109/135
Page 113 and 114:
111/135
Page 115 and 116:
113/135
Page 117:
Annex 2.5. Results of Trade Flow An
Page 120 and 121:
. 118/135
Page 122 and 123:
. 120/135
Page 124 and 125:
. 122/135
Page 126 and 127:
. 124/135
Page 128 and 129:
. 126/135
Page 130 and 131:
. 128/135
Page 132 and 133:
. 130/135
Page 134 and 135:
. Note: Excludes energy and tobacco
show all

Tradeflow Study - UNDP Black Sea Trade and Investment Promotion ...

Create successful ePaper yourself

Delete template?

Save as template?