Foreign Trade Cooperation Technologies: Prospects and Opportunities (With China and Russia as Examples)
Chzhou Genshen*, Plekhanov Russian University of Economics, Moscow, Russia.
Manuscript received on September 21, 2019. | Revised Manuscript received on October 20, 2019. | Manuscript published on October 30, 2019. | PP: 4033-4043 | Volume-9 Issue-1, October 2019 | Retrieval Number: A1239109119/2019©BEIESP | DOI: 10.35940/ijeat.A1239.109119
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The article has analyzed the benefits and barriers of creating the Sino-Russian free trade based on the legal documents governing the formation of the Silk Road taking into account features of the economies’ development at the current stage. The main trading partners of the Russian Federation among the far-abroad countries have been identified. The structure of exports-imports of the Russian Federation with the foreign trade partners among the APEC countries has been analyzed, including the structure of the trade between China and Russia, and the volume of bilateral trade between countries. The article has analyzed the state of trade cooperation between Russia and China by industries, and also assessed the competitiveness of the trading environment of the Silk Road countries. The authors have compared the parametric characteristics of Russia and China, and also forecasted the changes in the commodity structure of imports and exports for the Russian-Chinese foreign trade relations.
Keywords: Free trade, Silk Road, foreign trade cooperation, Eurasian economic cohesion, commodity circulation, competitiveness, trading environment, imports, exports, Russian economy, Chinese economy.