The Euro-Mediterranean Trade relations

Abstract

In fact The EU is the most important trading partner for the Mediterranean countries accounting for about 45% of both MED exports (€40 billion) and imports (€42 billion) in 2004. This corresponds to approximately 5% of both the EU’s imports and exports, where The most important EU exports to the Mediterranean countries are in machinery and mechanical appliances (15%), electrical machinery (11%)and vehicles (8%),while EU imports from Med countries are dominated by fuels and oil (40%) and to a lesser extent by textiles (10%).foreign trade, EU, EU-Mediteraneean countries agreements