China–ASEAN economic relations after establishment of free trade area

In the collective monograph, written by the authors of the Financial University under the government of the Russian Federation and Banking Academy of Vietnam identified key problematice economic ties of the EEU member States and SVR. It States that the Agreement on free trade between the member States of the Eurasian economic Union and the Socialist Republic of Vietnam even for a short period of operation has allowed to deepen cooperation in almost all areas which are the subject of the interaction. A comparative assessment of different types of free trade agreements was made. The problems preventing the intensification of interaction between the EAEU countries and Vietnam in the areas of trade, foreign direct investment, intellectual property, tourism and regulation of migration flows are identified, the legal analysis of the articles of the Agreement is carried out. The efficiency of the EAEU-Vietnam free trade zone is estimated using the gravity model.The main recommendations on strengthening the interstate partnership within the framework of the current Agreement are formulated. For managers and specialists in foreign economic activity, researchers, postgraduates, students studying international economic relations.

Download Full-text

Trade-economic cooperation of Ukraine and China within COVID-19 Pandemic and in post-pandemic time

E3S Web of Conferences ◽

10.1051/e3sconf/202125501031 ◽

2021 ◽

Vol 255 ◽

pp. 01031

Author(s):

Olha Yatsenko ◽

Tetiana Tsygankova ◽

Iryna Horbachova ◽

Oksana Aksyonova ◽

Valeriia Osadchuk

Keyword(s):

Foreign Trade ◽

Free Trade ◽

Economic Integration ◽

Free Trade Area ◽

Economic Relations ◽

Trade Area ◽

World Crisis ◽

The World ◽

Export Volume ◽

Mutual Relations

Modern trends of trade-economic relations of the countries within the COVID-19 pandemic have been systemized in the development of mutual relations in particular economy sectors have been identified. Direct connection between the increase of export volume to China and Ukraine GDP growth has been established in the study based on the correlation-regression analysis. Weaknesses and strengths as well as opportunities and threats of mutual relations within the pandemic have been defined. The influence of the world crisis, creating a free trade area, and other factors on foreign trade circulation between Ukraine and China have been studied with the tools of empirical gravity model of international trade. Foreign trade circulation up until 2022 with and without creating a Free Trade Area has been forecast based on the modelled data. Perspective directions of trade-economic relations have been defined; the strategy of extending the trade-economic integration of Ukraine and China within the COVID-19 pandemic and in post-pandemic time within customs tariffs liberalization, intensification of symmetric interdependence and complementarity between the countries, within creating a free trade area, diversifying trade turnovers, overcoming the pandemic, reduction of crisis consequences, and strengthening cooperation in new industries of post-pandemic time has been grounded.

Download Full-text

ASEAN's Preferential Trade Agreements (PTA) Strategy

Journal of Current Southeast Asian Affairs ◽

10.1177/186810341103000203 ◽

2011 ◽

Vol 30 (2) ◽

pp. 31-64

Author(s):

Guanyi Leu

Keyword(s):

Free Trade ◽

Free Trade Area ◽

Trade Agreement ◽

Export Markets ◽

Economic Relations ◽

Trade Area ◽

Trading Partners ◽

Economic Partnership ◽

Asean Countries ◽

Partnership Agreement

This paper provides a diversification explanation in order understand the development of PTAs in Southeast Asia. I argue that an important reason why ASEAN states participate in PTAs has been to diversify existing trade ties and to reduce overdependence on a narrow range of export markets. Southeast Asian countries have formed PTAs with markets with which they had weak or unexplored economic relations, as demonstrated by three case analyses: the ASEAN Free Trade Area (AFTA), the ASEAN-China Free Trade Agreement (ACFTA) and the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP). To maximise the economic gains and the diversification effects of PTA participation, ASEAN countries have pursued a strategy of strengthening economic unity while keeping external economic linkages as diversified as possible. Although East Asia, and especially China, was an important alternative market to reduce ASEAN's dependence on trade with America, ASEAN countries have also pursued PTAs with a number of other trading partners. This paper explains how PTAs have helped ASEAN states to develop more policy autonomy in their trading environment.

Download Full-text

The Politics of China-ASEAN Economic Relations: Assessing the Move Toward a Free Trade Area

Asian Perspective ◽

10.1353/apr.2002.0003 ◽

2002 ◽

Vol 26 (4) ◽

pp. 53-82

Author(s):

Daojiong Zha

Keyword(s):

Free Trade ◽

Free Trade Area ◽

Economic Relations ◽

Trade Area

Download Full-text

History of creation of the free trade area between Ukraine and Israel

Socio-Economic Problems and the State ◽

10.33108/sepd2020.01.101 ◽

2020 ◽

Vol 22 (1) ◽

pp. 101-115

Author(s):

Serhii Davydchuk

Keyword(s):

Free Trade ◽

Free Trade Area ◽

The State ◽

Free Trade Zone ◽

Economic Relations ◽

Trade Area ◽

History Of ◽

The Creation ◽

Important Trade Partner ◽

State Of Israel

An important aspect of Ukraine-Israel relations – the history of the creation of a free trade zone between the two states is revealed in the article. Based on materials from current archives and open source data, the dynamic work process of preparation for signing the corresponding interstate agreement, its ratification by the parliaments of the countries is shown. It was found that it is a voluminous and labor-intensive process that requires consideration of the interests of the national economies of the two states; the creation of a free trade area has been the subject of many bilateral negotiations. Even the ratification of the agreement by the parliaments of the states for some objective reasons did not become a quick process. The national interests of the parties are taken into account in the relevant interstate document. Economic connections have always been an important and promising component of Ukrainian-Israeli relations. However, the parties have repeatedly pointed to the unsatisfactory level of economic relations. The interstate agreement on the establishment of a free trade zone between Ukraine and the State of Israel has its pros and cons, but in general we can talk about a significant improvement in many indicators that it can potentially bring. Although the process of creating a free trade area is incomplete, its study all the same is important in view of the importance of creating such a zone for both foreign economic relations of Ukraine and Israel and for development of friendly bilateral relations between them in general. While the agreement is not implemented, we have to be satisfied with the positive dynamics of economic relations, which is reflected in statistical indicators. They testify that the State of Israel is a very important trade partner of Ukraine in the Middle East. The Free trade area should bring beneficial results to Ukraine and Israel.

Download Full-text