Importance of the CIS Countries to the Development of Foreign Trade Relations of Slovakia

Abstract

Abstract This submission is focused on examination of foreign trade relations development between Slovakia and the CIS countries. It highlights the importance of these countries in the Slovak foreign trade. Slovakia is a country that is highly dependent on the international exchange of goods. On the one hand, Slovak developed manufacturing industry demands raw materials, and on the other hand is being forced to seek an outlet for its production. Although the most important business partners of Slovakia are the EU countries, CIS countries represent an important and sufficiently perspective market. Significant part of solved issue consists of examination of the Slovak foreign trade development and analysis of the Slovak foreign trade relations with the CIS countries. The result of the assessment is evaluation and identification of further opportunities for penetration of Slovak exports to those markets and potential improvement of mutual investment relations in the context of current geopolitical changes in the international business.