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    ASEAN–Russia Trade and Economic Relations: Prospects and Pathways

    Academy, Russian Foreign Trade | December 2017
    Abstract
    Russia has been an ardent member of the East Asia Summit since 2010 and a full dialogue partner of ASEAN since 1996. The first ASEAN–Russia Summit was held in December 2005 in Kuala Lumpur. Since then, ASEAN–Russia relations have continued to deepen. ASEAN and Russia marked the 20th anniversary of their dialogue relations in 2016 with a commemorative summit in Sochi, Russia on 19–20 May 2016, with the theme of Moving Towards a Strategic Partnership for Mutual Benefit. During the summit, the leaders adopted the Sochi Declaration, which charts out the future direction of the ASEAN–Russia relationship and cooperation. Given the economic and geographical importance of ASEAN and Russia, it is expected that trade and economic relations will continue to grow beyond the current levels. The economic and geographical importance of ASEAN–Russia economic relations also show scope for further integration of trade and economic relations. Additionally, more integrated trade and value chain connectivity could be considered between ASEAN and the Eurasian Economic Union (EAEU), as both groupings are based on similar principles of economic relations. As the global economy seeks new channels of economic activity and cooperation, ASEAN and Russia are also seeking economic complementarities and measures to facilitate trade and investment between the two economies. At the request of Russia’s senior economic official, the Economic Research Institute for ASEAN and East Asia (ERIA) and the Center for Strategic Research at the Russian Foreign Trade Academy (RFTA) organised a joint seminar on 19 December 2017 in Moscow to discuss the strengths and possible areas of cooperation which will enhance and deepen trade and investment between two regions. A report on the outcomes of the seminar has been prepared to evaluate the various dimensions of economic cooperation between ASEAN and Russia. The report’s findings were presented at the ASEAN–Russia Senior Economic Officials Meeting in 2018.
    Citation
    Academy, Russian Foreign Trade. 2017. ASEAN–Russia Trade and Economic Relations: Prospects and Pathways. © Economic Research Institute for ASEAN and East Asia. http://hdl.handle.net/11540/11293.
    Keywords
    Free Trade
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Intraregional Trade
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade Regulations
    Exchange Rate
    Economic zones
    Protection
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Exchange rates
    Economic Zones
    Value chains
    Wages and labor productivity
    Efficiency wage theory
    Income Distribution
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    Citable URI
    http://hdl.handle.net/11540/11293
    Metadata
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    ERIA_RFTA_Joint_Seminar_Report_ASEAN-Russia.pdf (441.4Kb)
    Author
    Academy, Russian Foreign Trade
    Theme
    Trade
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise