The EU is a key trading partner for the Western Balkans. In 2017, the former Yugoslav Republic of Macedonia exported over 80% of its total exports of goods to the EU (€4.0 bn or 81%). It was followed by Albania (€1.6 bn or 77%), Bosnia and Herzegovina (€4.0 bn or 71%), Serbia (€9.7 bn or 68%), Montenegro (€0.1 bn or 35%) and Kosovo (€94 mn or 25%).
New research shows that approximately 25.6 million persons were employed by EU firms, which are either directly or indirectly involved in the exports of goods and services. This 2010 data comes from the fully balanced EU inter-country input-output tables (FIGARO tables), recently released by Eurostat.
Sympathy for the Trump administration is somewhat lacking in Brussels, but when it comes to American objections to China’s perceived lack of respect for intellectual property rights or state policy of subsidising high tech industries, European leaders may have found themselves on the same side as the US President. However last weeks US-China trade talks, and the opportunity for an in depth look at the current administrations view of World trade, may suggest that a storm is brewing for the EU.