The EAEU: Analysis of the Problems of Mutual Trade in the Context of Deglobalization

A. G. Tarasov ()

International Trade and Trade Policy, 2024, vol. 10, issue 4

Abstract: In the context of growing global risks and challenges that increasingly negatively affect countries and the dynamics of their socio-economic development, the need to study the processes of regional economic integration, in particular, within the framework of the Eurasian Economic Union (EAEU), is becoming urgent. Integration processes contribute to the stabilization of socio-economic processes, solving important (including environmental) problems, stimulating mutual trade and investment cooperation between countries, strengthening security, as well as the dissemination of unique knowledge and modern technologies. International (intraregional) trade remains the main form of economic cooperation between the EAEU states. Historically, the Eurasian Economic Union was created. for the purpose of conducting a joint policy of states in the field of economic development. Also, in the process of strengthening integration, the EAEU countries are gradually expanding the scope of their cooperation in order to smoothly transition to more developed forms of integration association. Since its establishment in 2015, a large number of measures have been developed and successfully implemented within the framework of the EAEU aimed at identifying and gradually eliminating factors hindering the development of integration processes. With the help of the block's development strategies, supranational bodies strive to minimize the impact of internal and external factors on the growth of the economies of the member states of the union. However, in the process of mutual trade and under the influence of mainly external factors, problems remain that need to be solved in order to ensure an increase in the effectiveness of integration and countering external threats. The purpose of the study is to analyze trade and economic cooperation between the EAEU countries in terms of identifying and classifying the main obstacles to its further development. The object of the study is the trade and economic cooperation of the EAEU countries. The author concludes that the diversification of the national economy, especially industry, can help mitigate the existing contradictions.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2024:id:734

DOI: 10.21686/2410-7395-2024-4-134-145

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