Preview

2013 MEU Best Position Paper Sample

Satisfactory Essays
Open Document
Open Document
474 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
2013 MEU Best Position Paper Sample
Position Paper
Country: Italy
Name of delegates: Chen Siyu &Shao Cuiyan (University of Macau)
Date: 2013/12/8
Topic: EU and U.S. Trade Relations

1. Introduction
The EU and the United States economies account together for about half the entire world GDP and for nearly a third of world trade flows. In 2012, the United States is the most important trade partner of the EU. EU imported from United States 205,170 million euros, ranking the third EU trade partner, and exported to United States 292,193 million euros, ranking the first as EU trade partner. Up to June, 2013, total United States investment in the EU is three times higher than in all of Asia while EU investment in the United States is around eight times the amount of EU investment in India and China together. Both United States and the EU are encouraging multilateral liberalization in a globalized world. In the G-8, G-20, the WTO and the OECD, the United States and the EU work together to promote an open, transparent, and non-discriminatory trade and investment climate worldwide.
For Italy, as one of the founding member states of EU, ranks the fourth in economic performance in EU. The United States and Italy cooperate closely on major economic issues, including within the G-8. The United States is one of Italy's most important trade partners. In the trade relations, United States is Italy’s third biggest export partners, taking account for 6.6% of total exports. However, Italy has suffered from economic crisis and recession with the -2.5%GDP growth rate in 2012 and -3.3% from 2006 to 2012. It encounters the emergency to improve and recover its economy through more free trades with the US.
2. Position
As a member of the European Union (EU), Italy is bound by EU treaties and laws, including those directly governing or indirectly impacting business investments. Italy strongly supports EU and U.S. free trade relations, expanding and deepening the cooperation in trade issues. Italy encourages removing trade

You May Also Find These Documents Helpful

  • Good Essays

    - Italy faces serious devolutionary forces on its mainland peninsula as well one is the growing regional disparity between north and south. The wealthier north stands in sharp contrast to the poorer south.…

    • 1548 Words
    • 7 Pages
    Good Essays
  • Good Essays

    The whole make up of economy in Europe has a part to play in Italy’s down fall. Problem Regions consist of Depressed rural regions – peripheral regions with little industry & large out-migration e.g. Mezzogiorno. And also Declining industrial areas – now suffer de-industrialization because of the decline of heavy industry e.g. Ruhr, Thames gateway. Growth Regions: Primate regions – Concentration of wealth, industry, population e.g. London. Growth regions – regions of growth e.g. golden triangle of Paris, London & Amsterdam. Islands of innovation e.g. Berlin specialize in techno-industrial fields. Small activity centers – Occur in periphery areas because of cheap labor & incentives e.g. Lisbon. The Hot Banana is an Area covering Europe’s core areas. It stretches from SE England, through N France, the Rhine, and the Ruhr & into Milan. This zone attracts company HQs and R&D and accounts for 40% of EU total output.…

    • 931 Words
    • 4 Pages
    Good Essays
  • Good Essays

    In conclusion the adverse consequences of trading blocs have led to conflict of interests among member states. Despite the advantages created, the significance of the challenges warrants the review of the efficiency of trading blocs. This is to ensure that there is harmonization of the trading process and benefitting of member…

    • 478 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The European Union is a political and economic Union, which is collectively made up of twenty-eight European countries. The intention of the European Union is to foster economic and political cooperation between the member states, and “to make war not only unthinkable, but materially impossible.” (Schuman Doctrine) The belief of the European Union is that by promoting trade and interdependence between the member states, it will not only make them less likely to engage in war with each other, but it will also be against their best interests both politically and economically. Today, the European Union collectively possesses the world’s largest economy, is home to the world’s third largest population, and is the world’s largest exporter and…

    • 836 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Geog 3

    • 1507 Words
    • 4 Pages

    The introduction of a social and economic grouping is often to create a single market, such as was the case with the EU and NAFTA. The European Union is an economic and political union of 27 member states which are located in Europe – its roots are with the EEC which was formed in 1957. The European Union was fully established when the Maastricht Treaty came into force on 1st November 1993. The original objective of the EU was to create such single market, so that there was the free circulation of goods, capital, people and services within it. The integration of the economies was largely thanks to the introduction of the Euro in 1999. It helps to build a single market by easing trade and travel by eliminating issues of exchange rate. The single market is eased in to existence by the creation of a customs union with a common external tariff on all goods entering the market. The free trade that takes place within this bloc can often increase competition creating more businesses and reasonable prices, or they can offer subsidies to assist in the development of a particular sector, such as in the Common Agricultural Policy. NAFTA is a further example that is solely a trading bloc, between Canada, the USA and Mexico. Trade between NAFTAS members tripled between 1993 and 2007 ($306 billion to $930 billion).…

    • 1507 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Italy is surrounded by the Mediterranean and Red Seas. They rely on many different types of sea food. Apennine Mountains runs along the length of peninsula. Even though Italy is a mountainous country it is also very productive in crops. They cultivate things such as grapes, wine, cereal, macaroni, citrus fruits, olive oil, and rice.…

    • 260 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Today, as an economic union, the EU allows free movement of labour, trade and capital. This provides greater economic interdependence between the member countries and therefore greater economic security, key to sustainable growth. Furthermore, the EU shares common economic and political…

    • 1027 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Italy may criticize the European Union for responding to migrant's crisis too late, following the flooding of refugees and migrants on Italian shores. Slowing economic performance in the country is also one of the factors that sours the relationship between the two. However, Italy will not think that it will leave the EU after the Brexit vote. Italians see that the Brexit vote as "a disaster". Even a nationalist organization, the Eurosceptic Five Star Movement (M5S) stated its commitment to the EU.…

    • 82 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Italy - Research Paper

    • 10545 Words
    • 43 Pages

    Geographically, Italy is comprised of a peninsula that extends into the Mediterranean Sea, as well as two large islands. The shape of Italy has been depicted as a ‘boot’ in many cartoons and drawings for years. The country covers over 116,000 square miles, making it approximately the combined size of Florida and Georgia. (Killinger, 2002) Italy is a democratic republic that has a current population of around 60 million people, making it the twenty-third most populous country in the world. Italy is a founding member of the North Atlantic Treaty Organization (NATO), the ‘Group of Six’, which later became the G8, and the European Union. ("Italy," 2010) Italians are primarily Roman Catholic and are required to have fourteen years of formal education. This has lead to a 98 percent literacy rate among the population that only has a growth rate of 0.02 percent per year, which is one of the lowest growth rates in the world. (Killinger, 2002)…

    • 10545 Words
    • 43 Pages
    Good Essays
  • Powerful Essays

    Relationships are highly valued in Europe, especially for Italians. In order to build a business relationship, some cultural understanding must be acquired to combat the differences between Italian and American business people. For this reason, it is good to understand these four aspects: (1) how to build a relationship with an Italian; (2) what the best ways are to advertise in Italy; (3) where the country’s current economic landscape stands; (4) what kind of current events affect business relations.…

    • 1319 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Discussion Assignment

    • 656 Words
    • 3 Pages

    Spain is a country that is currently going through economic turmoil and is governed by a parliamentary monarchy. Currently Spain has the highest unemployment rate in the European Union (Kern, 2010). Next I looked at Italy which is governed by a democratic republic. Italy also has the 8th largest economy in the world and is the 3rd largest in the Eurozone (Arcelli & Sensenbrenner, 2013, para. 2). Were I to invest money in either of these countries I would have to choose Italy. Despite any political or economical problems, Italy seems to be the more stable option to…

    • 656 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Basic Tenets of Fascism

    • 435 Words
    • 2 Pages

    After WWI, Italy was in critical condition, physically and economically. With little time for its economy to adjust out of wartime mode, Italy plunged into a recession. Inflation was also a large problem and many businesses went bankrupt. Socialist unions and various religious groups rapidly began collecting more followers, and the remaining members of the middle class who were loyal to the government feared revolution. The Prime Minister didn’t gain anything for Italy at the Paris Peace Conference, and veterans were mistreated when they returned from the war. Italy’s main administration wasn’t paid, so there were often problems with…

    • 435 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Economic Forecast Paper

    • 1175 Words
    • 5 Pages

    The Economic health of Europe is important to the prosperity of US. Europe's ills already have damaged some U.S. interests, from multinational companies to major exporters. Individual investors have many reasons for concern, as the enthusiasm from earlier debt agreements has given way to pessimism and stock market dives. If the U.S. economy takes such a turn into 2012, Europe's financial troubles could wind up affecting the U.S. presidential election. Big American banks have outstanding loans of about $ 700 billion in Europe and in the case of a default that means a disaster for both Europe and The US. More than 20% of all U.S. exports go to Europe, making it the nation's largest trading partner. About 14% go to the 17 Eurozone countries. The real worry for U.S. business is that financial panic might cause a broad recession throughout the Eurozone, quelling the appetites of French and German consumers and businesses for U.S. products.…

    • 1175 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    america a world power

    • 1465 Words
    • 6 Pages

    Working through the World Trade Organization (WTO), the United States is a world leader in securing the reduction of trade barriers in order to expand global economic opportunity, to raise standards of living, and to reduce poverty. The WTO Agreements also provide the foundation for high-standard U.S. bilateral and regional agreements that contribute to a dynamic and open global trading system based on the rule of law.…

    • 1465 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Politically, the United States and the EU endorse views from different ends of the spectrum. The United States favors low tariffs, low…

    • 1566 Words
    • 7 Pages
    Powerful Essays