... ambitious steps directed at strengthening South-South economic cooperation.
At the same time, rising protectionism across the global economy, looming risks of stagflation and the division lines emerging along the Global North-South axis raise the expediency of ... ... developing economies. An ambitious goal in advancing such South-South cooperation may be the creation of a free trade area (FTA) for the Global South economies with particular care accorded to the needs of the vulnerable developing nations, including ...
... buyer of its industrial goods. This is especially important given the fact that hydrocarbons remain at the heart of Russia’s exports around the world. Finally, as we mentioned earlier, Iran can play a special role in the development of the Armenian economy.
Expanding the FTA agreement to include additional product lines may serve as a basis for bringing the economic relations between the parties to a new level. However, a number of barriers that have nothing to with customs duties and trade tariffs still pose a major ...
... the Eurasian Economic Union is starting from a low base in terms of the number of alliances – currently there are only the FTA accords with Vietnam (2015) and Iran (2018), as well as a non-preferential trade accord with China, reached in 2018. Russia’s ... ... while at the same time allowing for the significant reserves to be deployed in counter-cyclical fashion as the rest of the world economy is facing a deceleration in growth and scarcity in the arsenal of policy instruments to support economic activity.
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