International trade between the EFTA trade bloc and China

Helga Kristjánsdóttir; Guðmundur Kristján Óskarsson; Jón Þorvaldur Heiðarsson; Sigurður Guðjónsson

doi:10.4324/9781003274933-1

International trade between the EFTA trade bloc and China

Helga Kristjánsdóttir, Guðmundur Kristján Óskarsson, Jón Þorvaldur Heiðarsson, Sigurður Guðjónsson

University of Akureyri, University of Iceland

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

In this chapter, the authors analyse international trade relations between the European Free Trade Association (EFTA) trade bloc and China, along with free trade agreements (FTAs) with China since 2014. More specifically, they are interested in them if they are beneficial for the EFTA trade bloc to have FTAs with China. This is because there are individual countries within the EFTA that have FTAs with China. Some of the EFTA countries have individual FTAs with China. The research question is “Is it more beneficial for the EFTA countries as a bloc to have some type of trading agreement with China?” The question is highly interesting, China has comparative advantage in the production of various goods. The conclusion is therefore that FTAs appear to be primarily beneficial for exports from China, since they positively affect imports to the EFTA countries from China.

Original language	English
Title of host publication	Asian trade and investment in Europe
Editors	Prana Krishna Biswas, Robert Dygas
Place of Publication	London
Publisher	Routledge
Chapter	1
Number of pages	6
ISBN (Electronic)	9781003274933
DOIs	https://doi.org/10.4324/9781003274933-1
Publication status	Published - 27 Feb 2022

Other keywords

China
EFTA
International trade

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.4324/9781003274933-1

Cite this

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AU - Kristjánsdóttir, Helga

AU - Óskarsson, Guðmundur Kristján

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AU - Guðjónsson, Sigurður

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AB - In this chapter, the authors analyse international trade relations between the European Free Trade Association (EFTA) trade bloc and China, along with free trade agreements (FTAs) with China since 2014. More specifically, they are interested in them if they are beneficial for the EFTA trade bloc to have FTAs with China. This is because there are individual countries within the EFTA that have FTAs with China. Some of the EFTA countries have individual FTAs with China. The research question is “Is it more beneficial for the EFTA countries as a bloc to have some type of trading agreement with China?” The question is highly interesting, China has comparative advantage in the production of various goods. The conclusion is therefore that FTAs appear to be primarily beneficial for exports from China, since they positively affect imports to the EFTA countries from China.

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