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EAEU Single Market: Case of Electronics Industry

Author

Listed:
  • Diana Olegovna Yampolskaya

    (Peoples' Friendship University of Russia)

  • Karima Alekperovna Alieva

    (Peoples' Friendship University of Russia)

Abstract

This article is devoted to assessing the state of the electronics industry in the EAEU countries, as well as promising areas of cooperation in this area. Development of the digital economy in Russia largely depends on the electronics industry. Electronics, electronic components and materials are produced in the country in insufficient volumes and many experts, including those from government agencies, note it. There is a serious reliance on external suppliers. Integration with the EAEU partners in this direction can speed up the development of Russia’s own electronics and element base. However, cooperation at the level of government agencies has been developing very slowly due to organizational and investment problems. It is necessary to develop projects that will be commercially successful in the markets of the EAEU countries and their partners. The most promising partner in electronics manufacturing is Belarus. Projects related to the production of 3D printers, automotive electronics and laser equipment are considered promising in terms of market sales. The growth of markets for these products allows us to make favourable sales forecasts.

Suggested Citation

  • Diana Olegovna Yampolskaya & Karima Alekperovna Alieva, 2020. "EAEU Single Market: Case of Electronics Industry," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 12, pages 33-52, December.
    • Handle: RePEc:alq:rufejo:rfej_2020_12_33-52
    DOI: 10.24411/2072-8042-2020-10120
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