EU: Huge surplus in the trade of services with the rest of the world


EU Trade Commissioner Karel De Gucht

A regular criticism neo-liberal economist pen down against the European Union is that Europe is not competitive enough. They blame for that the high EU standards of social protection and the strict labour legislation. They fail to see however that the Eurozone and even the entire European Union, is highly competitive in the crucial sector of services. It seems that ideology can be a serious disease causing blindness! That is why neo liberals cannot see that Europe, despite its high social standards in every respect, can also be very competitive. Let the numbers tell this story.

According to Eurostat, the EU’s Statistical Service, EU27’s international trade in services increased in 2011, with EU27 exports of services to the rest of the world rising by 7%, from €567 billion in 2010 to €604bn in 2011. By contrast EU27’s imports of services rose by 4%, from €464bn to €483bn. As a result, EU27 trade in services recorded a surplus of €121bn in 2011, compared with a surplus of €103bn in 2010 and €83bn in 2009.

For details see: http://europa.eu/rapid/press-release_STAT-12-164_en.htm?locale=en

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

UN refugee agency presses States to aid 49 refugees stranded on Mediterranean

The impossible end of the war in Syria

UN blue helmets in South Sudan use Sustainable Development Goals to help build peace

If on a summer’s night: is UK businesses’ “new deal” the only key to the “best of all worlds”?

Independent UN rights expert calls for compassion, not sanctions on Venezuela

Technology as an inclusion method while facing the COVID-19 pandemic: the “Coronavirus-SUS” app

Education in Emergencies: EU announces record humanitarian funding for 2019 and launches #RaiseYourPencil Campaign

What slums can teach us about building the cities of the future

Turkey: Commission continues humanitarian support for refugees

10 predictions for the global economy in 2019

The world’s most expensive places to own a home

UN chief welcomes formation of unity government in Madagascar

2019 EU Budget: Commission proposes a budget focused on continuity and delivery – for growth, solidarity, security

The technologies – and thoughtful collaborations – that can build resilience in the food system after COVID-19

Agreement reached on new EU Solidarity Corps

EU job-search aid worth €9.9m for 1,858 former Air France workers

EU to spend €135.5 billion in 2014 or 6.5% less than this year

The new general election will secure Greece’s position in Eurozone; at least for some time

UN Environment Assembly 2017: where the world convenes to #BeatPollution

India’s economy is growing fast, but its poorest areas lag behind. Here’s why this could be about to change

Greener economies and investment to reduce unemployment and increase global growth

Bringing justice to the people: how the UN is helping communities deal with disputes in remote and dangerous areas

Coronavirus: EU supports Member States with transport of essential supplies

The European Youth raises their voices this week in Brussels at Yo!Fest 2015

State aid: Commission approves €380 million German rescue aid to Condor

Are we at a turning point for tackling online extremism?

‘Harmonized’ plan launched to support millions of Venezuelan refugees and migrants

UN ‘regrets’ new US position on legality of Israeli settlements

Niger population’s suffering ‘increasing with each passing month’: UN Refugee Agency

Why the future for cars is connected

EU and World Health Organisation team up to boost access to health services in developing countries

Mobile technology: health in your hands

Venezuela’s needs ‘significant and growing’ UN humanitarian chief warns Security Council, as ‘unparalleled’ exodus continues

Global Citizen-Volunteer Internships

Open, inclusive and diverse cities are better for business and economic growth

The EU seals CETA but plans to re-baptise TTIP after missing the 2016 deadline

Drought in Europe: Commission presents additional measures to support farmers

Austria: reforms will be necessary to uphold high well-being levels

EU Budget 2019 deal: EP boosts support for researchers and the young

Global aid needed for healthcare

EU plans to exploit the Mediterranean Sea and the wealth beneath it

The future of energy is being shaped in Asia

How public transportation provides key lifelines during COVID-19

One Day in Beijing

Does the West play the Syrian game in Egypt?

These are the top 10 emerging technologies of 2019

Reckless Prescriptions: Lunatic Ideas Put By Great People Are Genius

High-technology manufacturing saves the EU industry

Agreement reached on screening of foreign direct investment for EU security

Politics is failing to protect the Amazon. It’s time for finance to step up instead

Mergers: Commission opens in-depth investigation into proposed acquisition of GRAIL by Illumina

Almost there: Equal healthcare for LGBTQI+

EU Commission and ECB rebuff Germany on the Banking Union

This Belgian start-up allows anyone to become an urban farmer

5 surprising ways to reuse coffee grounds

Is your smart home as safe as you think?

A Sting Exclusive: “The competitiveness of Europe depends on a digital single market”, EPP President Joseph Daul highlights live from European Business Summit 2015

How industrialisation could future-proof MENA’s Gulf economies

How the future of computing can make or break the AI revolution

Integration of migrants: Commission launches a public consultation and call for an expert group on the views of migrants

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s