International Business Management

Year: 2016
Volume: 10
Issue: 19
Page No. 4635 - 4643

Integration Processes and a Common Agricultural Market under the Conditions of the Eurasian Economic Union

Authors : Olga Yurievna Vorozhbit and Nina Vladimirovna Shashlo

Abstract: The study goes into the questions of development of integration processes in Eurasia. We studied the chronology of formation of the Eurasian Economic Union as well as the objectives and priorities of its creation. It was proved that the EEU ensures freedom of movement of goods, services, capital and labor and adopting a coordinated, agreed or unified policy in the sectors of the economy. The estimation of agriculture in the member countries of the Eurasian Economic Union is given. Preconditions for integration of the countries in the agricultural sector and formation of a common agricultural market, namely availability of huge comparative advantages of agroindustrial complex in the countries, institutional similarity of agricultural markets of the countries, historically developed specialization of the countries in the production of some products, the joint use of transport infrastructure. An EEU member country is affected by political risks which manifestation are non-tariff instruments of customs regulation. In order to determine the degree of influence of these risks and their prediction we have proposed method of estimating political risks to minimize the impact of non-price levers and non-tariff instruments of customs regulation. It is proved that the agreed (coordinated) agricultural policy of EEU member countries is a set of instruments and mechanisms of regulation of common agricultural market aimed at promoting integration, removing barriers of free movement of goods, ensuring food supply security and sustainable agricultural development. Implementation of an agreed policy in the agricultural sector involves the joint identification of development priorities and performance indicators taking into account national priorities of Member countries. The directions and mechanisms (instruments) for implementation of the agricultural policy and the system of measures to ensure development of a common agricultural market under the EEU are substantiated.

How to cite this article:

Olga Yurievna Vorozhbit and Nina Vladimirovna Shashlo, 2016. Integration Processes and a Common Agricultural Market under the Conditions of the Eurasian Economic Union. International Business Management, 10: 4635-4643.

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