The Gulf Cooperation Council and the Eurasian Economic Union: opportunities and prospects of trade cooperation

The article discusses the possibilities of developing trade cooperation between the Eurasian Economic Union and the Cooperation Council for the Arab States of the Gulf. The purpose of the work is to identify and analyse specific sectors of the economy that may offer potential interest in the event o...

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Main Author: P. S. Prokopiev
Format: Article
Language:English
Published: Publishing House of the State University of Management 2022-07-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/3636
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author P. S. Prokopiev
author_facet P. S. Prokopiev
author_sort P. S. Prokopiev
collection DOAJ
description The article discusses the possibilities of developing trade cooperation between the Eurasian Economic Union and the Cooperation Council for the Arab States of the Gulf. The purpose of the work is to identify and analyse specific sectors of the economy that may offer potential interest in the event of the creation of a free trade zone between integration associations. As a result of the study, potential opportunities for trade and economic cooperation in the agro-industrial complex were identified. The methods of analysis and comparison of data from information and analytical materials on the advantages and trends of foreign trade relations of the EAEU and GCC countries were used. The state of the matter at the political level is indicated, as well as the main barriers and potential risks to the growth of trade. The relevance of the work lies in the need to diversify foreign trade partners and ensure the sustainability of economic growth for the integration associations under consideration in the conditions of macroeconomic turbulence, global disruption of supply chains and the general degree of high tension in international economic relations.
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institution Kabale University
issn 1816-4277
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language English
publishDate 2022-07-01
publisher Publishing House of the State University of Management
record_format Article
series Вестник университета
spelling doaj-art-1459b911c8b7459dae66a44a2a5c75792025-02-04T08:28:13ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152022-07-010615616110.26425/1816-4277-2022-6-156-1612500The Gulf Cooperation Council and the Eurasian Economic Union: opportunities and prospects of trade cooperationP. S. Prokopiev0Financial UniversityThe article discusses the possibilities of developing trade cooperation between the Eurasian Economic Union and the Cooperation Council for the Arab States of the Gulf. The purpose of the work is to identify and analyse specific sectors of the economy that may offer potential interest in the event of the creation of a free trade zone between integration associations. As a result of the study, potential opportunities for trade and economic cooperation in the agro-industrial complex were identified. The methods of analysis and comparison of data from information and analytical materials on the advantages and trends of foreign trade relations of the EAEU and GCC countries were used. The state of the matter at the political level is indicated, as well as the main barriers and potential risks to the growth of trade. The relevance of the work lies in the need to diversify foreign trade partners and ensure the sustainability of economic growth for the integration associations under consideration in the conditions of macroeconomic turbulence, global disruption of supply chains and the general degree of high tension in international economic relations.https://vestnik.guu.ru/jour/article/view/3636economic integrationeaeugcctrade cooperationfree trade agreements
spellingShingle P. S. Prokopiev
The Gulf Cooperation Council and the Eurasian Economic Union: opportunities and prospects of trade cooperation
Вестник университета
economic integration
eaeu
gcc
trade cooperation
free trade agreements
title The Gulf Cooperation Council and the Eurasian Economic Union: opportunities and prospects of trade cooperation
title_full The Gulf Cooperation Council and the Eurasian Economic Union: opportunities and prospects of trade cooperation
title_fullStr The Gulf Cooperation Council and the Eurasian Economic Union: opportunities and prospects of trade cooperation
title_full_unstemmed The Gulf Cooperation Council and the Eurasian Economic Union: opportunities and prospects of trade cooperation
title_short The Gulf Cooperation Council and the Eurasian Economic Union: opportunities and prospects of trade cooperation
title_sort gulf cooperation council and the eurasian economic union opportunities and prospects of trade cooperation
topic economic integration
eaeu
gcc
trade cooperation
free trade agreements
url https://vestnik.guu.ru/jour/article/view/3636
work_keys_str_mv AT psprokopiev thegulfcooperationcouncilandtheeurasianeconomicunionopportunitiesandprospectsoftradecooperation
AT psprokopiev gulfcooperationcouncilandtheeurasianeconomicunionopportunitiesandprospectsoftradecooperation