Foreign trade in tourism services of Portugal

Abstract

EU members have a common customs union, a single market (in which goods, people and capital move freely), a common trade policy, a common agricultural policy and a common currency (the euro). In addition, the EU has taken steps to develop a common foreign and security policy. The EU currently faces a number of political and economic challenges, including slow growth and persistently high unemployment in many EU countries. Portugal, as a member of the EU, is experiencing a whole range of problems, like other member countries. But due to the peculiarities of the economy, these problems have their own specifics, including those related to the development of the tourism sector and its role in the country’s economy. In the article, the author examines this specificity and draws conclusions about the characteristics of Portugal.