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Trade and FDI effects in Eurasia: the cases of RCEP and EAEU

Author

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  • Petrushkevich Alena

    (World Economy, Belarus State Economic University, Belarus)

  • Rudy Kiryl

    (World Economy, Belarus State Economic University, Belarus)

Abstract

Subject and purpose of work The overview of trade and FDI effects in 2019-2023 in two biggest integration communities of Eurasia: Regional Comprehensive Economic Partnership (RCEP) with 15 members (including ASEAN) and Eurasian Economic Union (EAEU) with 5 countries (including Russia). Materials and methods The analysis of export, import, and trade balances showed asymmetric trade effects for the RCEP-countries that are focused on regional, intraregional, extra regional trade. Results It’s proved that the signing of RCEP agreement raised attractiveness of the region for the FDI. In its contrast, the EAEU has refocused its trade effects on mutual trade with the significant role of Russia as the main FDI investor due to the decoupling from the West. Conclusions The difference in economic scale and political effects between RCEP & EAEU reflects different motivation and the barriers for bilateral trade and investment cooperation in the future.

Suggested Citation

  • Petrushkevich Alena & Rudy Kiryl, 2025. "Trade and FDI effects in Eurasia: the cases of RCEP and EAEU," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 18(1), pages 55-74.
    • Handle: RePEc:vrs:ecoreg:v:18:y:2025:i:1:p:55-74:n:1006
    DOI: 10.2478/ers-2025-0006
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    More about this item

    Keywords

    RCEP; EAEU; international trade; foreign direct investments;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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