The EAEU Free Trade Agreements as a New Viable Format for the Russian Trade Policy
https://doi.org/10.23932/2542-0240-2021-14-3-4
Abstract
The Regional Trade Agreements (RTA) as a legal format of trade between countries has been actively developed within the last decades. Russian involvement in RTAs until recently was modest. However, after the EAEU creation in 2015, trade policies of the member countries have changed. Setting up the RTAs has become an important priority of the EAEU’s common trade policy. In this study, the assessment is made of the significance for the Russian domestic policies of the already signed and planned FTAs. The focus of the methodology of the study lies in computations of three trade indices: export significance index (suggested by authors and based on the revealed comparative advantage index), trade intensity index and symmetric trade introversion index, which were calculated for the totality of trade partners of Russia for 2019 (193 countries) in order to identify the most promising countries to conclude new FTAs. Authors come to a conclusion that the already signed Russian RTAs and newly planned Russian common FTAs on behalf of the EAEU have a potential to generate trade. Another important result of the study is that it provides the list of the first-priority countries for the new-coming FTAs for Russia and the EAEU partners in terms of efficiency in generating trade, that are - Egypt, Turkey, Algeria, Republic of Korea and Mongolia. The authors suggest to make similar calculations for other countries to support the revealed pattern.
Keywords
Russian and the EAEU trade,
partners within the free trade agreements,
regional trade agreements,
trade indices,
Russian trade policy
Supporting agencies: Thе article was prepared with the grant support of the Faculty of World Economy and International Affairs of the National Research University Higher School of Economics in 2021.
About the Authors
V. N. Zuev
National Research University Higher School of Economics
Russian Federation
Russian Federation
Vladimir N. Zuev, DSc in Economics, Professor, Institute of Trade Policy
101000, Myasnitskaya St., 20, Moscow
E. Ya. Ostrovskaya
National Research University Higher School of Economics
Russian Federation
Russian Federation
Elena Ya. Ostrovskaya, PhD in Economics, Associate Professor, School of World Economy
101000, Myasnitskaya St., 20, Moscow
V. Yu. Skryabina
National Research University Higher School of Economics; Analytical Center for the Government of the Russian Federation
Russian Federation
Russian Federation
Valentina Yu. Skryabina, PhD in Economics, Lecturer, Institute of Trade Policy; Leading Advisor, Department of Expert and Analytical Works
101000, Myasnitskaya St., 20, Moscow;
107078, Akademika Sakharova Av., 12, Moscow
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For citations:
Zuev V.N., Ostrovskaya E.Ya., Skryabina V.Yu. The EAEU Free Trade Agreements as a New Viable Format for the Russian Trade Policy. Outlines of global transformations: politics, economics, law. 2021;14(3):63-83. (In Russ.) https://doi.org/10.23932/2542-0240-2021-14-3-4
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