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Liberalization of Russia’s trade with the European Union, BRICS, and Trans-Pacific Partnership countries

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  • D. A. Izotov

    (Economic Research Institute of the Far East Branch of the Russian Academy of Sciences)

Abstract

The general trade effects and changes in the commodity and geographical trade structures for Russia under the condition of integrating trade with countries of the European Union, BRICS and Trans-Pacific Partnership have been estimated in the article. It has been stated that it is preferable for the Russian economy to approach European Union countries in order to obtain the maximum values of the welfare effect and trade-creation effect, and to proportionally increase the export and import volumes with the BRICS countries. Based on the prolongation of the shortterm tendencies, the long-term challenges to the Russian economy and possibilities of liberalizing trade with the mentioned trade unions have been specified.

Suggested Citation

  • D. A. Izotov, 2017. "Liberalization of Russia’s trade with the European Union, BRICS, and Trans-Pacific Partnership countries," Studies on Russian Economic Development, Springer, vol. 28(3), pages 338-345, May.
    • Handle: RePEc:spr:sorede:v:28:y:2017:i:3:d:10.1134_s1075700717030078
    DOI: 10.1134/S1075700717030078
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    References listed on IDEAS

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    1. Cai, Songfeng & Zhang, Yaxiong & Meng, Bo, 2015. "Spillover effects of TTIP on BRICS economies : a dynamic GVC-based CGE model," IDE Discussion Papers 485, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    2. Viner, Jacob, 2014. "The Customs Union Issue," OUP Catalogue, Oxford University Press, number 9780199756124 edited by Oslington, Paul.
    3. Maryla Maliszewska & Irina Orlova & Svitlana Taran, 2009. "Deep Integration with the EU and its Likely Impact on Selected ENP Countries and Russia," CASE Network Reports 0088, CASE-Center for Social and Economic Research.
    4. A. Knobel & B. Chokaev., 2014. "Possible Economic Effects of CU—EU Trade Agreement," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
    5. Lee , Chang-Soo & Song, Backhoon, 2008. "Economic Effects of Russia's Trade Liberalization: Russia's WTO Accession and FTAs with EU and Korea," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 12(1), pages 251-284, June.
    6. Austrian Institute of Economic Research, 2006. "Competitiveness Report 2006," WIFO Studies, WIFO, number 28814.
    7. Miriam Manchin, 2004. "The Economic Effects of a Russia-EU FTA," Tinbergen Institute Discussion Papers 04-131/2, Tinbergen Institute.
    8. Joseph Francois & Miriam Manchin, 2009. "Economic Impact of a Potential Free Trade Agreement (FTA) Between the European Union and the Commonwealth of Independent States," IIDE Discussion Papers 20090805, Institue for International and Development Economics.
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    Cited by:

    1. Dmitriy Aleksandrovich Izotov & Kiril I. Tochkov, 2019. "Interaction of the Russian Far East with the Countries of the Pacific Rim: Evaluating Institutional and Tariff Trade Barriers," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 3, pages 20-45.
    2. D. A. Izotov & K. I. Tochkov, 2020. "Interaction of the Russian Far East and Asia-Pacific Countries: Assessment of Institutional and Tariff Barriers to Trade," Regional Research of Russia, Springer, vol. 10(2), pages 182-193, April.
    3. I. P. Gurova & I. N. Platonova & M. A. Maksakova, 2018. "The Level of Trade Integration in the Eurasian Economic Union," Studies on Russian Economic Development, Springer, vol. 29(4), pages 447-453, July.

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