Russian Trade Policy Achievements, Challenges and Prospects
This book reveals the key trends in the modern Russian trade policy to provide a deeper understanding of the main challenges and barriers, possible paths and opportunities in its development.
An international team of authors investigates specific factors influencing the Russian trade policy evolution; recent trends in Russia’s international trade development; and the impact of Russia’s participation in the World Trade Organization on the domestic economy. Particular attention is paid to regional integration processes that involve Russia and their outcomes; as well as challenges in the remaining and building commercial relations with Russia’s traditional and ‘new’ trade partners, taking into consideration those alienating the West and economic sanctions regimes. The analysis of key trends is combined with a special focus on selected industries and economic partners of Russia. The book contains a variety of case studies investigating the ways in which political and business actors adapt to the transformation of Russian trade policy, how Russia participates in the WTO dispute settlement mechanism, and what the driving forces and outputs are for the national economic agents. Finally, the authors consider what the reasonable expectations might be regarding the future prospects of Russian trade policy.
The book presents a unique, comprehensive and multidimensional analysis of modern Russian trade policy. Filling an important gap in the existing literature, this book will be of value to all those interested in Russia’s economic development path.
Introduction. 1. Trade Monitoring – A Global Perspective on Trade Policy Trends 2. Transformation of the Russian trade policy facing the geopolitical challenges 3. States and Dirigisme versus Markets: Hydrocarbons, Agriculture, and Russia’s Trade Policy, 1991-2017 4. The theory and practice of economic sanctions 5. Impact of the WTO accession on acceding countries: analysis of key macroeconomic indicators 6. Eurasian Economic Union: the First Successful Russian Regional Trade Agreement? 7. The European Context of Russian Trade Policy 8. Adaptation of Finnish Food Exporters to Russia’s Food Import Restrictions 9. Russia's trade with China: in the face of sanctions a search for new market opportunities 10. Trade cooperation between Russia and Korea during the period of sanctions 2014-2017. Implications for trade policy 11. Contemporary Russian-Brazilian Trade Relations 12. Russian Automotive Industry: Beyond Import Substitution and Export-Led Industrialisation 13. GATS Mode 4 in Russia’s Migration Policy: Liberalization and its Limitation 14. Russian Federation in the WTO dispute settlement: first steps 15. Conclusion