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

Author

Listed:
  • Terenina I.V.
  • Kostoglodov D.D.
  • Kiyanova L.D.
  • Usatkina O.I.

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.

Suggested Citation

  • Terenina I.V. & Kostoglodov D.D. & Kiyanova L.D. & Usatkina O.I., 2019. "Tools to Improve the Efficiency of Import Substitution in the Agro-industrial Complex Under Economic Sanctions," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 325-338.
    • Handle: RePEc:ers:ijebaa:v:vii:y:2019:i:special1:p:325-338
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    References listed on IDEAS

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    1. repec:ers:journl:v:special_issue:y:2018:i:1:p:553-563 is not listed on IDEAS
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    3. repec:ers:journl:v:vi:y:2018:i:1:p:39-53 is not listed on IDEAS
    4. repec:ers:journl:v:special_issue:y:2018:i:1:p:496-505 is not listed on IDEAS
    5. I.V. Terrenina & D.D. Kostoglodov & N.A. Osadchaya & E.V. Mikhailichenko, 2018. "Principles and Methods of Efficient Organization of Vertically Integrated Structures in the Agro-Industrial Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 496-505.
    6. T.V. Kushnarenko & A.V. Kaplina & A.N. Tabakov & I.B. Fomina, 2018. "Clustering as an Integration Pattern of Business Activity," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 553-563.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Import substitution; sanctions; risk management system; foreign trade.;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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