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Special economic zones of Africa: a promising direction for Russian business

Author

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  • Valentin Yuryevich Myagkov

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

One of the essential objectives of Russian export promotion is to search for new partners and channels to cooperate with them. The African countries may be considered as the promising foreign trade partners of Russia but still Russia’s trade turnover with these states is relatively low. However, cooperation with the African countries is significantly restrained by the extremely limited Russian business presence on the continent. One of the ways to solve this problem might be special economic zones (SEZs) located in different regions of Africa. In this regard, the article considers the most promising special economic zones of the African continent in terms of expansion of Russia’s exports to Africa - the SEZs of Gabon, Togo, Mauritius and Djibouti. These zones offer favorable conditions for residents’ business activities and could become regional «outposts» for increasing Russian exports to the African countries.

Suggested Citation

  • Valentin Yuryevich Myagkov, 2018. "Special economic zones of Africa: a promising direction for Russian business," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 10, pages 24-34, October.
    • Handle: RePEc:alq:rufejo:rfej_2018_10_24-34
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