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Trade and transport facilitation audit of The Baltic States (TTFBS) : On a fast track to economic development
| Content Provider | Semantic Scholar |
|---|---|
| Author | Naula, Tapio Hoffmann, Torsten Ojala, Lauri |
| Copyright Year | 2005 |
| Abstract | On May 1, 2004 Estonia, Latvia and Lithuania joined the European Union. This had a significant impact on day-to-day trade practices with other EU countries and with non-EU countries, notably that of Russia. In relation to the EU, the major changes were the removal of national customs borders and trading without customs clearances. As a result, traders save time and money in clearances and border crossings, which has reduced transaction costs. On the other hand, EU membership has affected the regulatory burden on firms, which were used to the relatively liberal regulatory environment. In CIS trade, bilateral trade agreements were largely replaced by the common EU trade policy. However, the three Baltic States have rapidly integrated to the world economy, and the EU membership did not dramatically change their trade or FDI patterns. |
| Starting Page | 1 |
| Ending Page | 181 |
| Page Count | 181 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://documents.worldbank.org/curated/en/435461468776784841/pdf/311210Baltics11rt1Final1Jan12512005.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
