Tools to Improve the Efficiency of Import Substitution in the Agro-industrial Complex Under Economic Sanctions

Terenina I.V., Kostoglodov D.D., Kiyanova L.D. and Usatkina O.I.

International Journal of Economics & Business Administration (IJEBA), 2019, vol. VII, issue Special 1, 325-338

Abstract: Purpose: This article is concentrated on the creation of a uniform risk management system in agro-industrial complex which can increase efficiency of control over compliance with non-tariff restrictions and will strengthen protection of agricultural producers against importing sanctions. Structure/Methodology/Approach: If it is necessary to evaluate the prospects of increasing efficiency of import substitution in agro-industrial complex in the conditions of sanctions first, you need to allocate types of import dependence of various branches. Second, you need to analyze the main instruments of implementation of import substitution policy. Third, you need to create a uniform risk management system in the Eurasian customs’ territory for increasing efficiency of import substitution. Findings: The authors offer creation of a uniform risk management system which application will increase efficiency of control over compliance with non-tariff restrictions. Practical Implamentation: Results can be implemented in administrative practice for the purpose of increasing efficiency of import substitution in the agro- industrial complex. Originality/value: The main contribution of this research consists in development of the system of increasing effective risk management in member states of EEU.

Keywords: Import substitution; sanctions; risk management system; foreign trade. (search for similar items in EconPapers)
JEL-codes: F02 F14 F15 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijebaa:v:vii:y:2019:i:special1:p:325-338

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