ASSESSMENT OF THE PROSPECTS FOR THE DEVELOPMENT OF TRADE RELATIONS OF THE BALTIC COUNTRIES AND SOUTHEAST ASIA

Inna Stecenko ()
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Inna Stecenko: Baltic International Academy, Latvia

Baltic Journal of Economic Studies, 2020, vol. 6, issue 2

Abstract: In the presented article, the author conducts research of export – import operations between the Baltic countries and the countries of Southeast Asia from 2016 to 2018, since the goal for the EU countries is to deepen economic relations between the countries of Asia; however, there has been no serious analysis of the potential of trade relations between the regions. Based on empirical studies, the countries of Southeast Asia are identified by the volume of export – import, which is significant in the economy of states. It has been revealed that the Baltic countries import more products from the countries of Southeast Asia; however, the increase in the competitiveness of the industries is related to the volume of exports as well. To strengthen trade relations between the regions of Asia and the EU, the implementation of the adopted UN resolution on the Transformation of our world: The 2030 Agenda for Sustainable Development, the national programs on the development of the economy of countries, the author identified the potential for exports of the Baltic countries to the corresponding countries of Southeast Asia. The analysis of the number of tourists from the countries of Southeast Asia is carried out, the results of which show the potential for the growth of this industry and the strengthening of trade relations between countries. Taking into account the volume of trade between the Baltic regions and the countries of Southeast Asia, the role of small and medium-sized enterprises is shown. The author carries out the analysis of the conditions for the registration of SMEs in the Baltic countries, the number of employees in SMEs.

Keywords: the Baltic countries; countries of Southeast Asia; export-import operations; tourism; small and medium – sized enterprises (search for similar items in EconPapers)
JEL-codes: F10 F20 M29 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:bal:journl:2256-0742:2020:6:2:9

DOI: 10.30525/2256-0742/2020-6-2-54-60

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