The Economy of the European Union European Economic
- Slides: 56
The Economy of the European Union European Economic and Trade Office 歐洲經貿辦事處
Scope • 27 Member States • 487 Million people • 25% of the world’s economy • 25% of the world’s external trade 23 official languages
Economic activity
Expenditure on social protection
External Trade
EU – Taiwan Trade
The Euro
The European Union and Foreign Direct Investment
Taiwan’s FDI in the EU
Taiwan’s FDI in the EU § 16 th investor in the EU § 2. 2 billion Euros in FDI stocks § Less than Hong Kong, Singapore (both 15 billion Euros), Korea (2. 8 billion Euros) § Taiwanese investors are far from having fully exploited the opportunities offered by the EU
Why invest in the EU?
EU advantages offered to foreign investors § Access to a single market of 487 million customers, with no borders for goods, services or people § A common regulatory framework, setting standards for the world (e. g. WEEE, Ro. HS…) § A strong scientific research base § Highly skilled labour force
Foreign investors operate in a stable economic environment § Europe has a slight trade surplus § The EU has a stable macroeconomic § § environment due to the Euro which maintains low inflation, low deficits, and which keeps a ceiling on national debt This single currency is freely floating on the foreign exchange markets The ‘Lisbon Agenda’ is designed to create a restructuring of the economy to adapt it to current needs
The EU is not expensive § The pattern of taxation and welfare systems throughout the EU is very diverse and varied. § The amount of GDP taken in taxes varies between 35% and 55% depending on the country, with most of the large Member States situated between 40% and 50%.
The EU is not expensive § However, the burden of taxes, welfare and regulation is more than offset by: § Higher productivity of labour and capital § Strong public services (transportation, utilities, general business environment) § Incentives and subsidies often available for new investments § Competitiveness is not measured by taxes and welfare, but by the overall factor costs and productivity
Opportunities for all investors § Direct investment in industrial manufacturing or services § Equities § Funds and portfolio investment § Venture capital
Eastern Europe special!
5 th and 6 th EU enlargement 2004 +10 2007 +2
Relatively less well-off…
…but growing much faster!
Declining unemployment
EU membership brings convergence and economic stability
An EU policy to foster development and growth
Labour costs
Corporate tax rates
Attractive FDI destination
Openness to foreign investment: illustration in the banking sector
Sustainability
Links § The European Economic and Trade Office § (English and Chinese language website) http: //www. deltwn. ec. europa. eu
Acronyms § § § § § CZ: Czech Republic EE: Estonia CY: Cyprus LV: Latvia LT: Lithuania HU: Hungary MT: Malta PL: Poland SI: Slovenia SK: Slokakia
- Athens vs sparta differences
- Sql union minus intersect
- The european economy
- This project is funded by the european union
- This project is funded by the european union
- European union 28 countries
- This project is funded by the european union
- Https://europa.eu/european-union/index_en
- European union institutions
- This project is funded by the european union
- European union 28 countries
- European taekwondo union
- This project is funded by the european union
- Co-funded by the erasmus+ programme of the european union
- This project is co-funded by the european union
- European union military
- Eureka eurostars eligibility
- This project is funded by the european union
- Co-funded by the erasmus+ programme of the european union
- Co-funded by the erasmus+ programme of the european union
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- Economic growth vs economic development
- European exploration economic reasons
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