An analysis of commercial relations between Lithuania and Spain after the European Union´s integration

Aurimas Rudžionis, Antonio Mihi-Ramírez, María del Mar Holgado-Molina

Abstract


The commercial relations between European Union and Lithuania has been intensified significantly due to the integration process. This article analyzes the commercial impact of trade barriers removal in Lithuania for its commercial partners, especially in the case of Spain and its European competitors. A comparative analysis of the evolution and singularities of the Spanish´s import/export flows to Lithuania from 2000 to 2013 revealed that the international trade between both countries became more active, growing and diverse because of different comparative advantages. Even if the rest of European countries keep a bigger share market, there is no foreseeable risk of trade diversion to the detriment of Spanish products.

Keywords


trade integration; intra-industry trade; comparative advantages

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DOI: http://dx.doi.org/10.13165/IE-14-8-2-05

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"Intellectual Economics" ISSN online 1822-8038 / ISSN print 1822-8011