Re-orientation of Russia to the Asian markets as a main direction of its foreign trade policy

Abstract

Research background: The authors on a systematic basis have investigated the features of trade relations between Russia and neighboring Asian states. It was published several articles on this issue in Russia and abroad, including publications in Scopus and Web of Science indexed journals. Purpose of the article: The aim of the research is to analyze the current situation and prospects for the development of mutual trade cooperation between Russia and neighboring Asian states (Kazakhstan, Mongolia, China, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan). Methods: The research is based on the methodology of general system theory. The present research was accomplished using the following methods for studying complex social objects: synthesis, comparison, system analysis, analogy, construction of scientifically based hypotheses, etc. The theoretical basis for the study was the works of M.O. Slobodchikoff, M.E. Aleprete [1], P. Bargues-Pedreny [2], R. Mac Ginty [3], and J. L. Austin [4]. Findings & Value added: The authors have investigated mutual trade cooperation between Russia and neighboring Asian states (Kazakhstan, Mongolia, China, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan). The study has showed that the major problem of Russia’s trade with neighboring Asian states is based on resource-oriented export. Russia’s key task at Central Asian market is to expand the share of non-resource-based sectors. A variety of export categories will make the Russian economy more resilient to global fluctuations and crises. At the same time, it is necessary to develop trade and economic cooperation with India, Indonesia and Brazil, as well as to form a coalition of non-aligned countries and African countries in order to deter China and the USA.