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The development of foreign trade cooperation of the EAEU member States, the EU and China


Vartanova M.L., Drobot E.V.
(about the authors)

Vartanova Marina Lvovna – (Center of the Study of Eurasian integration processes; The Institute of Socio-Political Research under the Russian Academy of Sciences (ISPR RAS))

Drobot Elena Valerevna – (Vyborg branch of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation)

Published in:
Food Policy and Security
– Volume 5, Number 2 (April-June 2018)



Keywords: agriculture, china, competitiveness, digital economy, economic cooperation, food security, foreign trade cooperation, infrastructure, innovation, integration, integration processes, modernization, monitoring, production, the Eurasian economic Union (hereinafter – the EAEU), the european union, trade partners


Citation:
Vartanova M.L., Drobot E.V. (2018). The development of foreign trade cooperation of the EAEU member States, the EU and China. Food Policy and Security, 5(2), 83-89. doi: 10.18334/ppib.5.2.40110


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Abstract:

For several years, relations between Russia and the collective West have been in crisis. The political crisis stands in the way of systemic solutions for economic cooperation between the two unions – European and Eurasian. For the Eurasian Union, deep economic integration with the EU is extremely important. First, the EU is the largest trading partner of the Russian Federation and the Republic of Kazakhstan: it accounts for 50 3 % of total exports and 40 8 % of total imports of the EAEU countries. It should be noted that according to the results of 2016, the EAEU imported from APEC countries by 1 5 % more goods (42, 3 %, due to the growth of supplies from China, South Korea and ASEAN countries) than from the EU. Secondly, Europe could be an important source of capital. Thirdly, the EU could play an important role in solving the problems of modernization of the EAEU countries and serve as a source of technological renewal.







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