Regional value chains as a driver of trade integration in the Eurasian Economic Union

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The article dissects main characteristics of the EAEU regional value chains. The hypothesis of a positive correlation between member states’ participation in regional value chains and their intraregional industrial exports has been tested. The results obtained suggest a preferential shift to industrial goods in the intraregional trade since the launch of the integration; the most punctuated this shift is in chemical industry products and machinery. The study also identifies country-specific patterns in the involvement of EAEU countries in regional value chains. Russia’s dependence on cooperative links with its EAEU partners is relatively low. In contrast, the exports of Belarus and Kazakhstan rely greatly on the Russian value added. Generally, value added flows within the Union are heavily skewed towards Russia. It has been unveiled that forward linkages in regional value chains impact positively on the volume of intraregional industrial exports. At the same time, Russia is increasing its industrial exports to third countries by leveraging the region’s production base. In our opinion, EAEU integration institutions need to implement new programs aimed at leveling of structural disproportions of regional cooperation links. It is suggested that such measures should be sector-specific and take into account forward and backward cooperative linkages among EAEU countries.

About the authors

Valery L. Abramov

Financial University Under the Government of the Russian Federation

Author for correspondence.
Email: valabr@yandex.ru
ORCID iD: 0000-0002-6351-2594

Dr. Sci.(Econ.), Professor, Chief Researcher at the Institute for
Research of International Economic Relations

Russian Federation, Moscow

Alexander D. Vasilchenko

P.G. Demidov Yaroslavl State University

Email: Vasilchenko.ad7@mail.ru
ORCID iD: 0000-0002-4904-1562

PhD student

Russian Federation, Yaroslavl

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