Recent Developments in Russian Trade Policy: Special Case of Trade Facilitation within the Eurasian Economic Union

Russia - 10 October 2017

Trade topics: Global Value Chains, Regional Integration

Trade facilitation is one of the key trends in the international trading system development. Respective World Trade Organization (WTO) agreement – Trade Facilitation Agreement (TFA) is one of really few tangible achievements during Doha round of multilateral trade negotiations. Russian Federation, being a full-fledged member of the organization from 2012, signed and ratified it. Trade facilitation per se could help to improve key indicators of Russian foreign trade and hence contribute national economy performance in general. At the same time, Russian Federation has limited capacity in implementing some substantial part of the TFA. The point is that due to establishing the Eurasian Economic Union (EAEU) key decisions on trade policy of the alliance belong to the supra-national body, namely Eurasian Economic Commission (EEC). The paper assesses developments in EAEU regulation presumable conducive to trade facilitation, in particular, establishing/restoration of regional value chains.