MUTUAL TRADE ANALYSIS OF EURASIAN ECONOMIC UNION MEMBER STATES

Abstract

The purpose of this article is to identify trends in the development of integration processes in the Eurasian Economic Union (EAEU) and present the level of trade and economic relations between the participating countries through an analysis of mutual trade between the member countries of the Union. Studying the movement and structure of trade relations between the EAEU member states, there has been identified those economic areas the development which can hence contribute to the expansion of mutual trade. To present the level of trade complementarity between member states, the author calculated the trade complementarity indexes in accordance with the commodity structure of trade of each country with other EAEU member countries and presented their estimates. Finally,  some obstacles to the balanced development of mutual trade of the EAEU member countries has been  laid out and a number of ways of eliminating them has been then presented.