Author(s): Agnieszka Konopelko, Katarzyna Czerewacz-Filipowicz
Abstract: The main purpose of the research presented in the article is to answer the question of whether or not the Eurasian Economic Union has strategic opportunities to initiate integration processes with third countries and built comparative advantages. The authors identify the channels of its integration with third countries as well as assess their effectiveness based on the relationship with Vietnam, Singapore, Iran and China. The following methods were used: a critical literature analysis, an empirical analysis of the official documents, a logical construct method, an analytical theoretical overview of the Eurasian Economic Union external strategy, as well as statistical methods. Subsequently, based on the results obtained, a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis was carried out. The work diagnoses the main vectors of the Eurasian Economic Union strategy, analyses its institutional extra-regional integration as well as defines the scope and main channels of the influence of business and logistics on extra-regional integration. The main achievement of the research presented in the article is the diagnosis and assessment of the impact channels of Eurasian Economic Union extra-regional integration. The research points out that the organisation has an effective extra-regional policy towards very different Eurasian countries and uses many channels of influence.
Keywords: Eurasian Economic Union, China, Russia, logistics corridors, strategy, extra-regional integration
DOI: 10.37394/23207.2021.18.8WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 18, 2021, Art. #8