Analysis on the Development Potential of Bilateral Trade Cooperation between China and Uzbekistan

The economic and trade cooperation between China and Uzbekistan has been continuously strengthened. China is Uzbekistan's largest trading partner. In order to better promote the development of Sino-Uzbek relations, this article analyzes the current situation of Sino-Uzbek bilateral trade development. In this regard, it puts forward suggestions on promoting bilateral exchanges and so on, in order to seek a broader space for cooperation between the two countries.

EU STRATEGIC INTERESTS IN KAZAKHSTAN IN THE CONTEXT OF GEOPOLITICAL AND GEO-ECONOMIC CHANGES IN THE REGION WITH FOCUS ON CHINA

Kazakhstan has an important position as the EU´s main trading partner in Central Asia and the EU has been its largest trade partner as well as the largest source of foreign direct investment. The importance of China as trade and investment partner is rising, on the contrary, the EU’s share is declining. Even though there remains plenty of scope for further growth, mutual relations and cooperation are influenced by increased geopolitical tensions and geo-economic changes in the wider region. The paper evaluates the position of the EU and its strategic interests in Kazakhstan in the context of geopolitical and geo-economic changes in the region based on the assessment of the trade and investment position of the EU in comparison with the position of China.

Problems of Commodity Nomenclatures Implementation in the International Trade on the Example of Chapter 56 “Nonwovens” of the EAEU Commodity Nomenclature of Foreign Eco nomic Activity

The article examines the problems of using the Commodity Nomenclature of Foreign Economic Activity. The following problems are highlighted: the lag of the Harmonized Commodity Description and Coding System from the development of technologies; disagreement of countries with the decisions of the Harmonized System Committee; mistakes in texts; difficulties with the implementation of the classification decisions of the Federal Customs Service and Eurasian Economic Commission. Discrepancies in classification lead to distortion of mirror statistics of foreign trade and make it possible to identify “risk” and “cover” goods. The purpose of the work was to compare the imports by the Russian Federation nonwovens of chapter 56 from three countries — the main exporters at the level of commodity headings and subheadings. The hypothesis was tested: since chapter 56 is not the leading one in the volume of imports, there will be no significant discrepancies in the mirror statistics. Research method was comparison of data on Russian imports from a trading partner country and corresponding data on exports of a trading partner country to Russia. Data source is Trade Map of the International Trade Center. Headings 5602 (felt) and 5603 (nonwovens) were considered, which include goods that are similar in structure and properties, as well as heading 5607 — twine, cordage, ropes and cables. These goods are imported from both European and Asian countries. However, only when importing from the Asian direction — from China — discrepancies in the mirror statistics were found. It is shown that goods of “risk” (heading 5602) were imported into Russia from China in 9 times less than exported from China, and goods of “cover” (heading 5603) were imported from China by 5% more, than exported by China. The subheading of twine, cordage, ropes and cables made of synthetic fibers (570650) also represents risk goods, imports of which are 3 times less than exports from China. There are several cover headings that include similar goods with a lower duty rate. Comparison of duties showed that the main reason for classification errors leading to distortion of mirror statistics is the deliberately wrong choice of the code in the presence of close alternatives, which allows to reduce the customs payment. The hypothesis that group 56 will not show significant discrepancies in mirror statistics has not been confirmed.

Supply Chain Performance with Target-Oriented Firms

Problem definition: We study a supply chain in which a supplier sets the wholesale price and a retailer responds with an order quantity. Both of the two firms can be either risk-neutral—maximizing the expected profit—or target-oriented, which is to maximize her or his ability to reach a target profit. Academic/practical relevance: Our work not only sheds light on the benefit/loss of trading with target-oriented decision makers but also, adds new knowledge to the supply chain coordination literature. Methodology: We provide strong support for firms’ target-based preference and the linear target formation model through a survey as well as analyzing company data. With the firms’ target-oriented behavior evaluated by a CVaR-satisficing measure, we apply a game theoretical framework to investigate how the target-based preference affects supply chain performance. Results: A firm, be it a supplier or a retailer, is always hurt by its target-based preference but can benefit from its trading partner’s target-based preference. A risk-neutral supplier, for example, can sometimes reap the whole supply chain’s profit if the retailer is target-oriented, and a target-oriented supplier always performs better with a target-oriented retailer than a risk-neutral one. Furthermore, a target-oriented retailer and/or supplier can help alleviate the double-marginalization effect and with a specific target, can help the supply chain achieve the same efficiency level as in a risk-neutral centralized system, with just a wholesale price contract. Another important finding is that if both firms are target-oriented, then the supply chain can have a higher expected profit under a decentralized system than a centralized one. This contrasts with the case when both firms are risk-neutral. We also investigate the role of outside option and retailer-type misidentification and find that both can alleviate the retailer’s disadvantage of being target-oriented. Managerial implications: (i) The target-based preference can be exploited by the trading partner, and hence, a firm should adopt the target-oriented decision criterion with caution. (ii) A target-oriented retailer can explore strategies such as revealing his outside option or hiding his target-based preference in order to be less manipulated. (iii) Whether a firm (and the supply chain) can benefit from its trading partner’s target-based preference often depends on how ambitious the trading partner (and the firm itself if it is target-oriented) sets the target. (iv) Target-based preference of one or both firms can help the supply chain reach the first-best efficiency. (v) When both firms are target-oriented, decentralization can be preferred to centralization.

Mexico–Canada Economic Relations during the NAFTA Era

Canada is Mexico’s third largest trading partner in terms of the overall bilateral trade, and both countries have become strategic allies during the North American Free Trade Agreement (NAFTA) era, between 1994 and 2020. Canada, Mexico, and the United States have been members of the NAFTA since 1994. For both Canada and Mexico, the United States is their first trading partner, in terms of exports, imports, and foreign direct investment. NAFTA has paved the way for economic integration between Canada and Mexico during the period of this agreement. It is significant to highlight the notable expansion of Mexico’s exports to Canada, but also of Canada’s investment in Mexico. From a subnational perspective, the provinces of Ontario, Quebec, British Columbia, and Alberta are among Mexico’s most important trading partners. Economic relations between Mexico and Canada has also facilitated international cooperation from subnational governments and important interchanges in education, science, culture, and environment. Quebec is the only Canadian province with a general delegation in Mexico and representations in several subnational states. The Canadian province of Saskatchewan has established important agreements in education with government agencies and universities in Mexico. Relations between Mexico and Canada have strengthened during the NAFTA era. Not only central governments but also subnational governments define the characteristics and dynamics of this relation.

Who Are Belgrade’s Most Desired Allies?

Serbia presents itself as a country skillfully balancing between the European Union (EU), Russia, and Asia, trying to maintain good political and economic relations with the biggest players on the international arena. The Covid-19 pandemic and China’s media-publicized assistance to Serbia has affected the perception of which countries are seen as Belgrade’s true allies. At the same time, Serbia remains a EU candidate country (membership negotiations officially started in 2014) and the European Union is not only Serbian biggest trading partner, but also the biggest donor. The main aim of the article is to compare the distinctive meaning that EU membership and cooperation with non-EU countries (mainly China and Russia) has for Serbian political parties, taking into account that the Covid-19 pandemic and the ‘vaccine diplomacy’ influenced the Serbian public discourse and perception on who is the Belgrade’s most trustful partner.

Saudi Arabia–Pakistan Relations: An Age of Uncertainty or Decline?

This article aims to analyze the relationship between Pakistan and Saudi Arabia from 2015 when the latter refused to cooperate on the kingdom’s war in Yemen. The relationship can be understood through the dependency theory and its paradigm of aid dependence, which explain Pakistan’s external reliance on foreign nations like Saudi Arabia and China. The relationship between Pakistan and Saudi Arabia is asymmetrical, considering long-lasting religious, economic, and security ties. Pakistan’s dependence on the Saudis for repeated economic bailout packages and loans to support its finances highlights the nature of this unbalanced relationship. Furthermore, the situation in Kashmir and Saudi Arabia’s increasingly close ties with India have worsened the Saudi relations with Pakistan. Pakistan’s neighbor, India, seeks to fill this void, as it is now Saudi Arabia’s fourth largest trading partner. This article also considers the military aspect of the relationship as Pakistan’s nuclear capabilities are among the most critical factors determining its strategic relationship with Saudi Arabia. Finally, the article considers Pakistan’s mediation role in conflicts related to Saudi Arabia.

The Impact of Trade Deficit in Nepalese Economy

This study aims to explore more information about the economic performance of Nepal and the impact on the economy caused by foreign trade. The trade deficit impacted directly on the financial performance of the country. It affected the GDP of the nation, supply side, interest rate, price of commodities and FDI. The article has discussed the relationship with the major trading partner of Nepal and other countries. Besides this, a quantitative research method was used in this research paper. Information in this article was collected from a secondary source of data. The reliability of this study depended on the reliability of secondary data. The analysis was based on a simple statistical tool. Concerning the methodology, it is based on exploratory data analysis. The comparison has been made in this paper with primary trading partner countries India, China and other countries. This study has found the deficient export performance of Nepal, which has created the problem of rapidly increasing trade deficit. Trade deficit became one of the major causes that lead the national economy to downturn side.