Internal Market among V4 Countries: Energizing stakeholders’ activity to press for its smoother functioning
Internal Market among V4 Countries: Energizing stakeholders’ activity to press for its smoother functioning

Author(s): Kryštof Kruliš
Subject(s): National Economy, Economic policy, International relations/trade
Published by: AMO – Asociace pro mezinárodní otázky
Keywords: V4 countries; foreign trade; export partners; Germany; trade balance surplus; agricultural trade; EU internal market; free movement of services; trade competitiveness; EU law compliance;
Summary/Abstract: The Czech Republic, Hungary and Slovakia are currently extremely open economies. Exports and imports alike are at very high levels relative to GDP (generally above three quarters of GDP). Only Poland, comparatively, is a less open economy with a lower level of engagement in foreign trade. Nevertheless, it still has a more open economy and depends more on foreign trade than similarly populous states of the EU, such as Spain. Furthermore, in 2013 all of the V4 countries reported a surplus trade balance, showing that their economies (expressed numerically relative to GDP) profited from participation in foreign trade.

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