International Trade in Circular Goods: Overview

Vladimir Yurievich Salamatov, Iosif Zinovievich Aronov and Anna Mikhailovna Rybakova
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Vladimir Yurievich Salamatov: Moscow State Institute of International Relations, Moscow, Russia
Iosif Zinovievich Aronov: Moscow State Institute of International Relations, Moscow, Russia
Anna Mikhailovna Rybakova: Moscow State Institute of International Relations, Moscow, Russia

Russian Foreign Economic Journal, 2023, issue 4, 66-87

Abstract: The main trends in international trade in circular goods produced within the closed-loop economy are considered. It is shown that the volume of trade in circular goods has more than doubled over the past twenty years. Opportunities and risks associated with the trade in circular goods are analyzed. The main problems in the trade are identified: incorrect commodity identification, gaps in the harmonized system (HS), contradictions between the HS and the Basel Convention provisions in relation to waste trade. Considering that the market for circular goods is projected to double in size by 2026, a multiple increase in international trade in these goods might be expected, which will require the removal of barriers noted in the article.

Keywords: circular economy; closed-loop economy; circular goods; international trade; identifi cation; traceability; barriers (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2023_04_66-87

DOI: 10.24412/2072-8042-2023-4-66-87

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