Transition in Central and Eastern Europe

The transition in Central and Eastern European countries (CEECs), bringing in its wake improved trade relations with the European Union (EU), has raised considerable concern in less developed countries (LDCs). Although there has been some discussion of the possible implications of this new EU orientation for EU-LDC relations, relatively little detailed analysis of the trade and capital issues involved has been undertaken. In this volume international experts give an overview on developments in EU-LDC trade and capital relations; analyze EU trade policy and its change over time; assess the grounds for LDC fears concerning erosion of trade preferences and diversion of trade, investment and aid toward the CEECs; determine the effect of the European agreements on trade in "sensitive" productions and with particular countries; lay to rest unwarranted fears; and look toward the future of EU-LDC relations.