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Directions of reforming the multilateral trading system and Russia's position in this process
[Направления Реформирования Многосторонней Торговой Системы И Позиции России В Этом Процессе]

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  • Pakhomov, Alexander (Пахомов, Александр)

    (Russian Presidential Academy of National Economy and Public Administration)

  • Bagdasaryan, Knyaz (Багдасарян, Княз)

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

This study examines the main problems of the functioning of the multilateral trading system (MTS) at the present stage. This is caused by a complex of reasons - the changing balance of power and interests of world powers in the last decade, trade conflicts and sanctions, systemic problems of the WTO, the regionalization of the world economy and the emergence of integration mega-blocks. These problems were exacerbated by the pandemic and the subsequent global crisis. The article analyzes the prospects, and risks of trade and economic relations between the Russian Federation and various groups of countries near and far abroad, as well as groups of the world in the new conditions. The authors give an assessment of the existing problems and directions of MTS reform, which requires the interaction of all interested parties. The possibilities and limitations of Russia's effective participation in these processes are being studied.

Suggested Citation

  • Pakhomov, Alexander (Пахомов, Александр) & Bagdasaryan, Knyaz (Багдасарян, Княз), 2021. "Directions of reforming the multilateral trading system and Russia's position in this process [Направления Реформирования Многосторонней Торговой Системы И Позиции России В Этом Процессе]," Working Papers p250321, Russian Presidential Academy of National Economy and Public Administration.
  • Handle: RePEc:rnp:wpaper:p250321
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