European Union-Russia Agreement

Sub-subject: the European Union-Russia Trade Agreement. Syllabus:

1. Introduction to the European Union-Russia trade relations.
2. The New European Union and Russia Agreement.
3. The Black Sea Synergy

Sample of the sub-subject: the European Union-Russia Trade Agreement

Sub-Subject Description: the European Union-Russia.

The Russian Federation is the third largest trade partner of the European Union, with Russian exports of oil and gas making up a significant percentage of exports of Russia to Europe.

1. International Trade (imports and exports) rose by 32 % compared to 2009 (after having been hit by the global economic recession).
2. Russian Federation enjoyed an external trade extra of 68 billion Euros with the European Union (EU).
3. The total account extra of the Russian Federation rose by 47% compared to 2009 and reached 79 billion dollars.
4. Russian Federation is the largest supplier of energy products of the European Union (25% of the European Union consumption of oil and gas).
5. The European Union exports to the Russian Federation are diversified; machinery and transport equipment (42.9%), manufactured products, food, and live animals.
6. The European Union and the Russian Federation finished a Partnership and Cooperation Agreement in 1994.

Negotiations on a New European Union-Russia Trade Agreement were initiated in 2008.

The New Agreement European Union-Russia provide an exhaustive framework for the European Union-Russia International Trade Relations (new dispositions on bilateral trade, foreign direct investment, and energy).

Russia belongs to the Economic Area of the Orthodox Civilization and the European Union countries to the European area of the Western Christian Civilization.