Basic Directions of Foreign Trade and Internal Co-operation of the Eurasian Economic Union Countries
Abstract
The external economic model of the Eurasian Economic Union (EAEU) is constantly improved in order to achieve deep integration and maximize the economic benefits of its members both within the EAEU and with third countries. A combination of theoretical and quantitative analysis, systematization, comparison, and descriptive statistics has made it possible to identify the main trends in the development of Eurasian integration (creating a single market of production factors and digital space, comfortable conditions for doing business and full realization of human capital) and the factors affecting cooperation of the countries participating in the EAEU (the consequences of economic crises in Russia and other member countries; internal barriers, seizures and restrictions, growing protectionism in international trade and sectoral pressure on the economy of Russia being one of the largest in the union). The paper assesses the development of trade cooperation of the member countries. The main vectors of foreign trade of the member countries of the Eurasian Economic Union (the European Union, the countries of the Asia-Pacific) have been identified. An assessment of the prospects for foreign trade cooperation of the EAEU is made and the influence of this factor on the economic development of the countries participating in cooperation agreements is found.
References
[2] EAEU (2018, October). Socio-economic development of regions. Issue 37, October 2018. Available at: http://ac.gov.ru/files/publication/a/19000.pdf
[3] EEC (2018a). Analytical Report ‘On basic socio-economic indicators of the Eurasian Economic Union’ dated February 12, 2018. Available at: http://www.eurasiancommission.org/ru/act/integr_i_makroec/dep_stat/econstat/Documents/Analytics/indicators201712.pdf
[4] EEC (2018b). Analytical Report ‘On results of mutual trade in goods of the Eurasian Economic Union’ dated August 17, 2018. Available at: http://www.eurasiancommission.org/ru/act/integr_i_makroec/dep_stat/tradestat/analytics/Documents/Analytics_I_201712_180.pdf
[5] Eurasian Economic Commission (2018, May 17). Eurasian Economic Commission Signed the Agreement on Trade and Economic Cooperation between the EAEU and the PRC. Available at: http://www.eurasiancommission.org/ru/nae/news/Pages/17-05-2018-5.aspx
[6] Evanston Public Library Board of Trustees. Evanston Public Library strategic plan, 2000–2010: A decade of outreach. Evanston Public Library. Available at: http://www.epl.org/library/strategic-plan-00.html
[7] Falkowski, K. 2017. Long-term comparative advantages of the Eurasian Economic Union member states in international trade. International Journal of Management and Economics, 53(4): 27-49. DOI:10.1515/ijme-2017-0024
[8] Hummels, D. L. and Schaur, G. 2013. Time as a trade barrier. American Economic Review, 103: 2935 2959. DOI:10.1257/aer.103.7.2935
[9] Jaskóła, A. and Szewczyk, P. 2017. Free movement of services in the European Union and in the Eurasian Economic Union. Similarities and differences. World Scientific News, 85Ș 59-65. Available at:http://www.worldscientificnews.com/wp-content/uploads/2017/08/WSN-85-2017-59-65.pdf
[10] Knobel, A. 2017. The Eurasian Economic Union. Problems of Economic Transition, 59(5): 335-360. DOI: 10.1080/10611991.2017.1352335
[11] Krickovic, A. 2014. Imperial nostalgia or prudent geopolitics? Russia’s efforts to reintegrate the post-soviet space in geopolitical perspective. Post-Soviet Affairs, 30(6): 503 528. DOI: 10.1080/1060586X.2014.900975
[12] Kuzmina, E. (2018, December 28). The EAEU in 2018: challenges for trade and economic cooperation. Russian Council for international affairs: Moscow. Available at: http://russiancouncil.ru/2018/postsoviet.html#kuzmina
[13] Ozhigina, Ve. 2018. Free trade agreements of Singapore: design experience and prospects for EAEU and Ukraine. University Economic Bulletin, 37(1): 347-359. DOI: 10.5281/zenodo.1220839
[14] Roberts, S. P. and Moshes, A. 2016. The Eurasian Economic Union: a case of reproductive integration? Post-Soviet Affairs, 32(6): 542-565. DOI: 10.1080/1060586X.2015.1115198
[15] Rotaru, V. 2018. The Eurasian Economic Union – a sustainable alternative for the former soviet space? Journal of Contemporary European Studies, 26(4): 425-442. DOI: 10.1080/14782804.2018.1519483
[16] Schubert, J. and Savkin, D. 2016. Dubious economic partnership: Why a China-Russia free trade agreement is hard to reach. China Quarterly of International Strategic Studies, 02(4): 529-547. DOI: 10.1142/S2377740016500287
[17] Shepotylo, O., and Tarr, D. G. 2013. Impact of WTO accession on the bound and applied tariff rates of Russia. Eastern European Economics, 51 (5): 5-45. DOI:10.2753/EEE0012-8775510501
[18] Staeger, U. and Bobocea, C. 2018. Bureaucratic authority and mimesis: The Eurasian Economic Union’s multiple integration logics. The International Spectator, 53(3): 38-54. DOI: 10.1080/03932729.2018.1490506
[19] Svetlicinii, A. 2018. China’s Belt and Road Initiative and the Eurasian Economic Union: ‘Integrating the Integrations’. Public Administration Issues. Special Issue (electronic edition), 7-20. DOI: 10.17323/1999-5431-2018-0-5-7-20
[20] Tarr, D.G. 2016. The Eurasian Economic Union of Russia, Belarus, Kazakhstan, Armenia, and the Kyrgyz Republic: Can it succeed where its predecessor failed? Eastern European Economics, 54: 1-22, DOI: 10.1080/00128775.2015.1105672
[21] Vorontsova, N.A. 2015. Trade liberalization within the Eurasian Economic Union (the case of the EAEU-Vietnam Agreement). Moscow Journal of International Law, (4): 103-115. DOI: 10.24833/0869-0049-2015-4-103-115
[22] Yılmaz, S. 2017. Eurasian Economic Union: A regional economic hegemony initiative. Journal of Eastern European and Central Asian Research, 4 (2): 1-15. Available at: http://ieeca.org/journal/files/journals/1/articles/166/public/166-957-1-PB.pdf
The Copyright Transfer Form to ASERS Publishing (The Publisher)
This form refers to the manuscript, which an author(s) was accepted for publication and was signed by all the authors.
The undersigned Author(s) of the above-mentioned Paper here transfer any and all copyright-rights in and to The Paper to The Publisher. The Author(s) warrants that The Paper is based on their original work and that the undersigned has the power and authority to make and execute this assignment. It is the author's responsibility to obtain written permission to quote material that has been previously published in any form. The Publisher recognizes the retained rights noted below and grants to the above authors and employers for whom the work performed royalty-free permission to reuse their materials below. Authors may reuse all or portions of the above Paper in other works, excepting the publication of the paper in the same form. Authors may reproduce or authorize others to reproduce the above Paper for the Author's personal use or for internal company use, provided that the source and The Publisher copyright notice are mentioned, that the copies are not used in any way that implies The Publisher endorsement of a product or service of an employer, and that the copies are not offered for sale as such. Authors are permitted to grant third party requests for reprinting, republishing or other types of reuse. The Authors may make limited distribution of all or portions of the above Paper prior to publication if they inform The Publisher of the nature and extent of such limited distribution prior there to. Authors retain all proprietary rights in any process, procedure, or article of manufacture described in The Paper. This agreement becomes null and void if and only if the above paper is not accepted and published by The Publisher, or is with drawn by the author(s) before acceptance by the Publisher.