{"title":"The Current State of, and Perspectives on, Foreign Trade Between the EU and Central Asia in a Period of Geoeconomic Change","authors":"E. Kašťáková, M. Žatko, Natália Barinková","doi":"10.17323/1996-7845-2021-01-07","DOIUrl":null,"url":null,"abstract":"The article examines the current foreign trade relations between the EU and Central Asia. Based on econometric analysis, it sets out possible perspectives for the further development of mutual trade relations in the time of geoeconomic changes. As one of the most important integration groupings in the world, the EU has a significant influence in promoting its foreign trade interests. Central Asia is a part of Asia consisting of several states that are members of different regional integration groupings with different priorities. The result of the research is an analysis of mutual foreign trade relations. Character and perspective of mutual trade relations is assessed by using of selected one-factor indicators (trade complementarity index and trade intensity index). With the help of time-series forecast model, the article also tries to estimate the future development of EU exports as well as EU imports in relation to Central Asian countries. While the EU imports from Central Asian countries are dominated by minerals and fuels in the long term, EU exports consist of more sophisticated and diversified production. This represents the potential for further development of the business relationships and growth of mutual trade. In the case of favourable circumstances, a continuing growth trend in trade can be expected, especially on the side on EU exports.","PeriodicalId":42976,"journal":{"name":"Vestnik Mezhdunarodnykh Organizatsii-International Organisations Research Journal","volume":null,"pages":null},"PeriodicalIF":0.4000,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Vestnik Mezhdunarodnykh Organizatsii-International Organisations Research Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.17323/1996-7845-2021-01-07","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"INTERNATIONAL RELATIONS","Score":null,"Total":0}
引用次数: 1
Abstract
The article examines the current foreign trade relations between the EU and Central Asia. Based on econometric analysis, it sets out possible perspectives for the further development of mutual trade relations in the time of geoeconomic changes. As one of the most important integration groupings in the world, the EU has a significant influence in promoting its foreign trade interests. Central Asia is a part of Asia consisting of several states that are members of different regional integration groupings with different priorities. The result of the research is an analysis of mutual foreign trade relations. Character and perspective of mutual trade relations is assessed by using of selected one-factor indicators (trade complementarity index and trade intensity index). With the help of time-series forecast model, the article also tries to estimate the future development of EU exports as well as EU imports in relation to Central Asian countries. While the EU imports from Central Asian countries are dominated by minerals and fuels in the long term, EU exports consist of more sophisticated and diversified production. This represents the potential for further development of the business relationships and growth of mutual trade. In the case of favourable circumstances, a continuing growth trend in trade can be expected, especially on the side on EU exports.
期刊介绍:
The journal mission is to disseminate Russian and international research in global governance, international cooperation on a wide range of social and economic policies; as well as to create a professional framework for discussion of trends and prognoses in these areas. International Organisations Research Journal publishes academic and analytical papers of Russian and international authors on activities of international multilateral institutions: G8, G20, BRICS, OECD, the World Bank, IMF, WTO, UN, and alliances: European Union, Eurasian Economic Union, Shanghai Cooperation Organisation and others. Analytical and research papers on international cooperation in higher education, trends in higher education developments at the national, regional and global levels are welcomed for reviewing and publication. The journal is aimed at researchers, analysts, practitioners in international affairs and world economics and at a wide audience interested in political issues of international affairs and global development. IORJ supports publications of graduate and postgraduate students, young researchers in Russia and abroad. All IORJ publications are peer-reviewed.