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Scientific article

Published:

Impact of non-tariff barriers on trade within the Eurasian Economic Union

Written by

Roman Vakulchuk
Senior Research Fellow, Head of Research group on climate and energy
Alexander Knobel

Ed.

Summary:

How great is the impact of non-tariff barriers on trade in the Eurasian Economic Union (EAEU) and how much will internal trade grow if they are eliminated? The Treaty on the EAEU declares removal of non-tariff barriers as a common goal. This article estimates the impact of non-tariff barriers on trade in goods in the EAEU based on 2010–2015 trade data. The empirical approach draws on the Haveman and Thursby disaggregated model. The estimates show that various trade-growth effects can be observed in different trade groups if non-tariff barriers are reduced or fully eliminated. Agriculture and the food industry have the highest growth potential: around 40% growth with a 50% reduction of barriers. The highest growth potential is found for trade between Belarus and Kazakhstan. The most significant effects are observed for member-states that are small in terms of the size of the economy and for which the internal trade share is large.

Themes

  • International economics
  • Trade
  • Europe
  • Asia
  • International organizations

Written by

Roman Vakulchuk
Senior Research Fellow, Head of Research group on climate and energy
Alexander Knobel

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