Question

My countries are Greece and Russia.

For these two assigned countries, write a professional report that compares and contrasts their trade patterns.

Answer 1

Greece is more of an export oriented country, with its trade representing almost 72.5% of the GDP. Whereas, Russia experiences a positive trade every year with exports of worth $ 427B and imports valuing $231B. Greece exports packaged medicaments, non fillet fresh fishes, refined petroleum, aluminium plating, etc. Whereas, its imports include crude petroleum, passenger and cargo ships, etc. Similarly, Russia exports refined petroleum, crude petroleum, coal briquettes, petroleum gas and wheat, whereas, its imports includes cars, broadcasting equipment, packaged medicaments, planes, spacecrafts, etc.
Greece is one of the countries which is involved in the negotiations of (TTIP) Transatlantic Trade and Investment Partnership along with the US and European Union. On the other hand, Russia is a part of the Commonwealth of independent States in which 9 countries including Russia are a part, which is signed and ratified by the Free Trade Agreement. Alsong with trading activities there comes many barriers of trade too which are faced by every economy. Greece faces trade barriers like computers, semiconductors, scientific instruments, etc as Greece imports various scientific research equipment. Whereas, Russia faves the barriers of tariffs imposed by its trading partners, which most likely affects the trade practices of the country.