Economic Integration in the Aspect of the Development of Mutual Trade of the EAEU Member States

The subject of the study is the economic integration of the EAEU member states in the aspect of trade relations.

The purpose of the work is to identify the relationship between the spatial development strategy of Russia and the course of integration of the EAEU in the context of the development of mutual trade relations. It is established that the process of regionalization of the world economy is currently continuing, one of the forms of manifestation of which has become the economic formations of states at different stages of integration and maturity levels of trade and economic relations. After the collapse of the USSR and the formation of the Commonwealth of Independent States, efforts were made to find the most acceptable forms of deepening economic relations. After lengthy negotiations between the leaders of the former Soviet republics, the EAEU was formed, one of the goals of which is to create a common market on the terms of free movement of goods, services, capital and labor, i.e. spatial development of the territories of the former USSR.

The study concluded that trade relations are derived from the level of economic development, its structure, and the place of countries in the international division of labor. It is revealed that mutual trade within the framework of the EAEU can be more effective if specialization and cooperation of production activities are developed. This will increase the complementarity of the economies and will contribute in the long term to the  equalization  of  the levels of socio-economic development of countries, the mitigation of spatial imbalances. Moreover, the promotion of countries to a new technological order can become a driver of increasing their competitiveness in international commodity markets. However, the integration factor of the EAEU in solving the problems of spatial development of both Russia and its partners in the Eurasian Union remains underutilized.

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