... not exceeded $1 billion. In other words, the Iranian economy benefited significantly more from the establishment of the FTA than the EAEU, at least during the initial stages of the deal. What is more, this had to do with non-oil sectors of Iran’s economy, as EAEU imports are primarily based on agricultural products.
At the same time, Iran occupies a relatively insignificant place in the trade balance of the EAEU countries,
accounting for
just 0.5% of all trade operations in the Union. Meanwhile, the EAEU ...
Михаил Мухаметдинов
... presented by the Agreement would allow the EU and Russia to seek new development and business ventures with the continent, as well as prepare the legal framework for spearheading updated trade agreements with the rapidly developing continent. Opening the EAEU market to African countries could also help the continent achieve its goal of economic diversification and added-value chains.
The paper will focus on determining the potential, capabilities and opportunities all three parties have to offer. Additionally,...
... Kortunov:
Russia–EU Relations in 2020: Opportunities, Limitations and Possible Trends
2020
: Russia’s involvement in the global economy remains lower than before the crisis began. Preliminary results for 2019 suggest that foreign trade averaged $665 billion ... ... Vietnam, followed by agreements on trade and economic cooperation with China, Iran, and so on. However, the share of Russia’s EAEU partners in its foreign trade turnover at the end of 2019 was less than 8 per cent (to compare, Germany’s EU partners make ...
... rights could facilitate the move towards sustainable development
Kazakhstan is currently experiencing the negative impacts of volatile oil prices. Kazakhstan's growth slowed from 4.1 per cent in 2014 to 1.2 per cent in 2018, adversely affecting the economy. The economy continued to suffer from a protracted slowdown in global oil prices and weak domestic demand, resulting in a real GDP growth rate estimated at 1 per cent in 2016. The policy problem is that the lower the level of oil prices, the greater ...
Report No. 41/2019
This report is the result of a collaborative study performed by the RIAC and the Center for Strategic Research (SAM) of the Ministry of Foreign Affairs of the Republic of Turkey. SAM publishes academic journal “Perceptions: Journal of International Affairs” (Turkey), an English language journal on foreign affairs. The materials included in this report were initially published in a special issue of
PERCEPTIONS
. The paper presents the views of Russian and Turkish experts in the...
... is fairly obvious. It is time to concentrate on implementing the concept of establishing a Greater Eurasia, the most natural and far-sighted today, combining the capacities of the two largest integration projects coexisting on our continent – the EAEU and the EU.
It is worth noting that the EU is taking certain steps in this direction, promoting the project called “Europe and Asia Connectivity”. But, alas, they take a “parochial view” on this very connectivity and “hog the limelight”,...
The 5th annual report by RIAC, RAS Institute of Far Eastern Studies and the Institute of International Studies at Fudan University
The 5th annual report by RIAC, RAS Institute of Far Eastern Studies and the Institute of International Studies at Fudan University presents the сommon views of leading Russian and Chinese international affairs experts on the development of Russia–China cooperation in 2018 and the first quarter of 2019.
The authors analyze the dynamics of Russia–China interaction on...
... European Union was $17.3 billion (24.2 percent of the state’s total trade turnover). At the same time, Belarus sells mostly raw materials and semi-finished products to the European Union, while it mostly sells high added-value goods to Russia and EAEU countries – engineering, MIC and agricultural products.
Russia is the principal investor in the Belarusian economy. Rosatom is finishing construction of the first Belarus NPP in Astravets (financed through a Russian loan of over $10 billion). The Belarusian government
estimates
that it will cut purchases of Russian gas by 5.5 billion cubic meters annually....
... Belarusian dairy exports go to Russia.
But the question arises once again: What is more important – the very fact that the Russian economy influences those of its neighbours, or the perception of this influence? Here too, the perception of this influence is ... ... was most clearly demonstrated in the discussions on the accession of several of these states to the Eurasian Economic Union (EAEU) or the signing of a Deep and Comprehensive Free Trade Area agreement (DCFTA) with the European Union. And perception played ...
