Trade and FDI effects in Eurasia: the cases of RCEP and EAEU

Petrushkevich Alena and Rudy Kiryl ()
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Petrushkevich Alena: World Economy, Belarus State Economic University, Belarus
Rudy Kiryl: World Economy, Belarus State Economic University, Belarus

Economic and Regional Studies / Studia Ekonomiczne i Regionalne, 2025, vol. 18, issue 1, 55-74

Abstract: Subject and purpose of work The overview of trade and FDI effects in 2019-2023 in two biggest integration communities of Eurasia: Regional Comprehensive Economic Partnership (RCEP) with 15 members (including ASEAN) and Eurasian Economic Union (EAEU) with 5 countries (including Russia). Materials and methods The analysis of export, import, and trade balances showed asymmetric trade effects for the RCEP-countries that are focused on regional, intraregional, extra regional trade. Results It’s proved that the signing of RCEP agreement raised attractiveness of the region for the FDI. In its contrast, the EAEU has refocused its trade effects on mutual trade with the significant role of Russia as the main FDI investor due to the decoupling from the West. Conclusions The difference in economic scale and political effects between RCEP & EAEU reflects different motivation and the barriers for bilateral trade and investment cooperation in the future.

Keywords: RCEP; EAEU; international trade; foreign direct investments (search for similar items in EconPapers)
JEL-codes: F14 F15 F21 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecoreg:v:18:y:2025:i:1:p:55-74:n:1006

DOI: 10.2478/ers-2025-0006

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