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The foreign trade of Armenia with main partners

Author

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  • Hayrapetyan Grigor R.

    (Ереванский государственный университет
    Yerevan State University)

  • Hayrapetyan Viktoriya L.

    (Российско-армянский (славянский) университет
    Russian-Armenian (Slavonic) University)

Abstract

The geopolitical situation in the South Caucasus has sufficiently influenced the present level of economic development of the Republic of Armenia. There are three groups of geopolitical actors: global players (Eurasian Economic Union (mainly the Russian Federation), the European Union, and the USA), regional centers of force (Iran and Turkey), and locals (Armenia, Georgia, and Azerbaijan). Recently, Armenia has defined its economic preferences by joining the EEU; however other actors are still interested in economic cooperation with the RA. Thus, in this paper we investigate the levels of economic relations’ (foreign trade flows’) development of Armenia with all the above listed countries, trying to reveal the most perspective directions of foreign economic development of the RA. Our results demonstrate that Armenia has to promote a multi-directional economic policy by enhancing its export of finished goods to the EEU’s and the EU’s markets.

Suggested Citation

  • Hayrapetyan Grigor R. & Hayrapetyan Viktoriya L., 2016. "The foreign trade of Armenia with main partners," Research result. Economic Research, Belgorod State University, vol. 2(4), pages 3-7.
    • Handle: RePEc:eul:rrecon:v:2:y:2016:i:4:p:3-7
    DOI: 10.18413/2409-1634-2016-2-4-3-7
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