European Union and the Faroe Islands: Possibilities for Closer Trade Relations

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F18%3A10393426" target="_blank" >RIV/00216208:11230/18:10393426 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-dokumentu/ICEI-2018_Proceedings.pdf" target="_blank" >https://www.ekf.vsb.cz/export/sites/ekf/icei/.content/galerie-dokumentu/ICEI-2018_Proceedings.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

European Union and the Faroe Islands: Possibilities for Closer Trade Relations

Popis výsledku v původním jazyce

The aim of this paper is to investigate possibilities for closer EU-Faroe Islands trade relations. The Faroe Islands are an autonomous part of the Danish Kingdom which, due to a number of reasons, chose to remain outside of the European integration project when Denmark sought full membership in the 1960s-70s. Today, the Faroes remain outside of the EU Single Market, as well as the Customs Union, trade relations with the EU being governed by a decades-old Free Trade Agreement. This poses significant impediments to the small and undiversified Faroese economy (though the structure of the economy evolves) and causes the Faroese to look for markets elsewhere- including, perhaps unexpectedly, in Russia. Possibilities for closer trade relations with the EU include a modernized FTA, EFTA/EEA membership and full EU membership. Economic, legal and political aspects are taken into account using SWOT analysis. It is argued that enhanced bilateral or multilateral preferential trade regime (free trade agreement) better corresponds to the Faroese specificity of size and political status, while EFTA membership provides added value mainly in symbolic terms.

Název v anglickém jazyce

European Union and the Faroe Islands: Possibilities for Closer Trade Relations

Popis výsledku anglicky

The aim of this paper is to investigate possibilities for closer EU-Faroe Islands trade relations. The Faroe Islands are an autonomous part of the Danish Kingdom which, due to a number of reasons, chose to remain outside of the European integration project when Denmark sought full membership in the 1960s-70s. Today, the Faroes remain outside of the EU Single Market, as well as the Customs Union, trade relations with the EU being governed by a decades-old Free Trade Agreement. This poses significant impediments to the small and undiversified Faroese economy (though the structure of the economy evolves) and causes the Faroese to look for markets elsewhere- including, perhaps unexpectedly, in Russia. Possibilities for closer trade relations with the EU include a modernized FTA, EFTA/EEA membership and full EU membership. Economic, legal and political aspects are taken into account using SWOT analysis. It is argued that enhanced bilateral or multilateral preferential trade regime (free trade agreement) better corresponds to the Faroese specificity of size and political status, while EFTA membership provides added value mainly in symbolic terms.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50701 - Cultural and economic geography

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 4th International Conference on European Integration 2018

ISBN

978-80-248-4169-4

ISSN

2571-029X

e-ISSN

neuvedeno

Počet stran výsledku

10

Strana od-do

594-603

Název nakladatele

VŠB - Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

17. 5. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000462093400065