Financial Analytics: Science and Experience
 

Cross-border markets of the Eurasian Economic Union countries: The competitive field and administrative barriers

Vol. 11, Iss. 3, SEPTEMBER 2018

Received: 11 January 2018

Received in revised form: 21 February 2018

Accepted: 28 February 2018

Available online: 29 August 2018

Subject Heading: MONITORING OF ECONOMIC PROCESSES

JEL Classification: F02, F53, F62, Q02

Pages: 244–255

https://doi.org/10.24891/fa.11.3.244

Pashtova L.G. Financial University under Government of Russian Federation, Moscow, Russian Federation
palelya@yandex.ru

ORCID id: not available

Komel'kov M.V. Financial University under Government of Russian Federation, Moscow, Russian Federation
fef@fa.ru

ORCID id: not available

Subject This paper considers the main formation problems and development prospects of cross-border markets in the countries of the Eurasian Economic Union. It deals with the administrative barriers and formation of a competitive field in the territory. The article reveals the distinctive features of trade relations within the EEU.
Objectives The paper aims to explore the problems of formation and development of cross-border cooperation. As well, it reviews the regulations of individual countries and identifies opportunities for developing a competitive field for cross-border markets.
Methods The study used the methods of analysis of economic occurrences, phenomena and documents.
Results The analysis shows that constantly changing administrative conditions create certain difficulties in partnership in the EEU.
Conclusions Discrepancies in customs and tariff policy and non-tariff regulation are the main part of the barriers that arise within the cross-border markets. Cross-border markets are a necessary condition for the formation of a competitive field of the Eurasian Economic Union countries.

Keywords: cross-border market, trade relations, Eurasian Economic Union, competitive field, administrative barrier

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