EU Enlargement - The Role of the New and Candidate Member States in Europe's Cable Industry
From May 1st 2004, the European Union grew to encompass 10 new states, the »EU-15« being expanded to the »EU-25«. The new entrants – Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia – together have swelled the EU population by 20% and its land area by 23%. This article takes a look at the role of the New Members States of the European Union as well as the role of some candidate countries which are expected to join the European Union in the coming years. (The European Council has already agreed that Bulgaria and Romania should join the EU in 2007, a decision of the European Council as to whether or not to start formal accession negotiations with Turkey is scheduled for December 2004).
The integration of the accession countries with the rest of the EU through trade is very evident in wire and cable. Official trade statistics show that total exports of the accession countries of wire and cable, including wire harnesses, stood at 3.47 billion in 2003, 12% up on the previous year, despite the poor performance of the main markets of Western Europe. ... more
It is clear that the new EU entrants are already well integrated within the wire and cable industry of Europe. With lower labour costs and prospects for more rapid market growth than the rest of Europe, their role as a production base for the region's wire and cable, and wire harnesses, is set to grow further. ... more
The Benefits of Accession While the accession and candidate countries will greatly expand the size of the European Union in terms of land area and population, the impact on wealth will be much less. ... more
Here is a brief profile of the economy of each of the main accession and candidate countries. ... more
With its recent expansion, the enlarged European Union (EU-25) achieves a total GDP slightly higher than that of the United States, based on 2003 figures. ... more