The Level of Trade Integration in the Eurasian Economic Union

Abstract

This paper has presented an approach to measuring the trade integration in the Eurasian Economic Union based on the decomposition of foreign trade turnover and the allocation of nonfuel trade in the tradebalance analysis, as well as the importance of trading partners and economic dependence in integration associations. The advantages of the parameter of foreign trade nonfuel quota that characterize the interrelation of the objectives of liberalization of the economy in the model of regional integration of the Eurasian Economic Union have been substantiated.