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Eurasian Economic Union as the most promising direction in foreign trade strategy of Mongolia in regional integration

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  • A. Dulguun

Abstract

Today, a regional economic integration is one of the main tendencies in global economic development. The world economic globalization is in the formative stage and most of the countries adhere to protectionism with regards to trade and economic co-operation. In those conditions, the countries opt for regional trade and economic integration. Mongolia is a country, which is not sufciently enough participating in regional trade and economic integration. In 2016, Mongolia signed only one Economic Partnership Agreement with Japan. According to the trade theory, FTA is most useful to the countries, which have similar level of economic development. In that case, most favorable direction for Mongolia in regional trade and economic integration is the Eurasian Economic Union.

Suggested Citation

  • A. Dulguun, 2021. "Eurasian Economic Union as the most promising direction in foreign trade strategy of Mongolia in regional integration," RSUH/RGGU BULLETIN. Series Economics. Management. Law, Russian State University for the Humanities (RSUH), issue 1.
    • Handle: RePEc:aca:journl:y:2021:id:325
    DOI: 10.28995/2073-6304-2021-1-110-118
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