Textile Sector of the Visegrad Group Countries in Trade with the European Union

Abstract

The Visegrad Group countries’ accession to the European Union (EU) gave new perspectives for the future economic and social development of the region. The full integration of the Visegrad Group countries with the European Union is conducive to generating new challenges i.a. in the field develop of broadly understood entrepreneurship. Textiles is one of the sectors of the European economy which, in the current financial perspective, significantly contributes to the creation of new jobs and the development of entrepreneurship, which ultimately affects the growth of competitiveness of the integrating countries. The aim of this paper is to examine the competitive position of the textile sector (CN 50-60 and 63) of the Visegrad Group countries as a whole in trade with the European Union in the period 2004-2016. Preliminary analysis of the problem allowed to formulate the following research hypothesis: The Visegrad Group countries’ accession to the European Union has a positive impact on entrepreneurship development and improving competitiveness of the textile sector of The Visegrad Group countries in the context of implementation of the Europe 2020 Strategy.