Foreign trade activity

Container Transport Problems in China’s Foreign Trade

DOI: 10.24412/2072-8042-2021-11-124-132

Authors: Ekaterina Dmitrievna KOMAROVA,
Russian Foreign Trade Academy , 4th year student of the Faculty of International Economics

Yuri Anatolievich SAVINOV,
Doctor of Economic Sciences, Professor , Russian Foreign Trade Academy, Department of international trade and foreign trade of RF , Professor

The current state of the container transport market is of concern to sellers and buyers. Due to the evolvement of the COVID pandemic, many countries experienced problems with the shipment of goods. Especially it aff ected China, a world exporter of many goods, in which the shipment of foreign trade goods is slowing down. The situation is complicated by the infl uence of a number of signifi cant factors, in particular, higher freight rates, shortage of container equipment, delays at the ports of loading and unloading. As a result, the customs authorities conduct a random inspection of containers, which increases the time for processing documentation. To solve the problem, Chinese exporters are striving to develop a logistics network in foreign ports, create large warehouses for storing goods, establish joint ventures for processing foreign trade cargo at foreign ports.

World economy

Transformation of Global Energy Market during COVID-19 Pandemic

DOI: 10.24412/2072-8042-2021-11-91-99

Authors: Ekaterina Dmitrievna GRITSAN,
Russian Foreign Trade Academy, Department of World and National Economy , Postgraduate student

Aleksander Nikolayevich ZAKHAROV,
Doctor of Economic Sciences, Professor , Russian Foreign Trade Academy, Department of World and National Economy, Professor

For several years the world energy market has been undergoing shift s towards cleaner energy supply sources. One of the drivers of energy balance diversifi cation at the global level is the tightening of climate agenda. At the national level, each country faces the need to ensure its own energy security, which is especially important during periods of crisis such as the COVID-19 pandemic. The article analyzes the changes in key indicators of the energy market during the pandemic by type of energy resources and identifi es the biggest challenges and prospects for the energy industry in the context of decarbonization and the crisis.

LNG Project Outlook in Canada amid Gas Crisis in Europe

DOI: 10.24412/2072-8042-2021-11-100-117

Authors: Oleg Vladislavovich DOROSHENKO,
LLC „Gazprom export“ , Senior Economist

Alexander Romanovich REVA,
Russian Foreign Trade Academy , Data Analysis Center, Economist

The sharp rise in gas prices in 2021 driven by increased demand in the Asia-Pacifi c region caused a shortage of LNG supplies to Europe. It resulted in the energy crisis in Europe. Moreover, the imports of pipeline gas from North Africa and the Caspian region could not compensate for Russian gas supplies at the pre-covid level. Canada is currently represented by only one project on the east coast. Th e heterogeneous nature of contracts, high cost of infrastructure and dependence on price fl uctuations mean that the opportunity window for new entrants does not have a permanent basis. Canada being a fringe player in the global competitive market faces rivals that are already landing contracts, realizing their competitive edge due to earlier entrance and lower mining costs

New Opportunities for Investors in the United Arab Emirates

DOI: 10.24412/2072-8042-2021-11-118-123

Author: Anna Evgen`evna GUDZENKO,
Moscow State Institute of International Relations (University) MFA Russia , Postgraduate student of Management and Marketing Department

The United Arab Emirates is one of the oil-producing countries that decided to use the oil revenues received to fi nance the development of economic sectors not related to the extraction and processing of hydrocarbons. Th e UAE mostly focuses on developing wholesale and international trade, the service sectors, as well as industries not related to the extraction and processing of hydrocarbons. Despite the income generated by oil production and exports, the implementation of many projects in the country is fi nanced by foreign investment. To stimulate the infl ow of foreign capital to the UAE the regulations encouraging the investment of fi nancial resources have been adopted recently, with limiting the measures to control the activities of investors. Hence, the attention of many foreign investors has been attracted.

International trade

Delayed Full Recovery of International Trade in Services

DOI: 10.24412/2072-8042-2021-11-7-12

Author: Vyacheslav Pavlovich SHUYSKIY,
Candidate of Economic Sciences , Institute of Economics RAS, Chief Researcher

The article analyzes the state of international trade in services aft er the end of the acute phase of the global economic crisis caused by the coronavirus pandemic. It is stated that diff erent sectors of world trade in services fell and recovered at diff erent rates, which caused a signifi cant change in its sectoral structure. Thus, the share of tourism signifi cantly decreased, and as for other services, mainly high-tech, increased. It is also noted that many developing countries, especially small and least developed, whose exports consist largely of tourist services were hit much harder during the pandemic than developed countries. The importance of international cooperation in combating the pandemic is emphasized, failing which the recovery of world trade and global economy will be long and incomplete.

Brief Overview of Participation of Some Former USSR Countries in World Trade Organization Dispute

DOI: 10.24412/2072-8042-2021-11-13-29

Author: Anait Sergeyevna SMBATYAN,
Doctor of Legal Sciences , Russian Foreign Trade Academy, Department of International Law, Professor

The WTO dispute settlement procedures in a remarkable manner combine legal clarity and mandatory nature on the one hand, and fl exibility inherent in policy decisions on the other. Th is provides the parties to the dispute with the opportunity to reach a mutually acceptable settlement at any stage of the proceedings, including outside the formal procedures, given the broad context of the bilateral agenda. All countries of the former USSR are integrated into the WTO system to one degree or another. The Russian Federation, the Republic of Kazakhstan, the Republic of Armenia, the Kyrgyz Republic, Tajikistan, the Republic of Moldova, Ukraine, Georgia, Latvia, Lithuania and Estonia are the WTO members. The Republic of Belarus, Uzbekistan and Azerbaijan are in the process of the WTO accession. Turkmenistan is expected to offi cially become an acceding member in the near future. This article provides an overview of WTO disputes involving some countries of the former USSR. Conclusions are made based on the results of the analysis.

MERCOSUR: 30 years behind. What’s ahead?

DOI: 10.24412/2072-8042-2021-11-30-48

Author: Petr Pavlovich YAKOVLEV,
Doctor of Economic Sciences, Professor, , Institute of Latin America, Russian Academy of Sciences, Department of International Business and Customs - Professor,

Th e integration association of South American countries – MERCOSUR – celebrated its 30th anniversary in 2021. During this period the largest integration grouping of South American states has passed a diffi cult path of establishment and development in the form of a free trade zone and a customs union. Due to many internal and external reasons not everything was done as originally planned. MERCOSUR had gone through a series of crises, with sharp disagreements breaking out between its participants. Nevertheless, despite all the diffi culties and obstacles, MERCOSUR eventually continues to play a prominent role in global trade and world economy, and, given its total production potential, remains an attractive economic partner for countries in diff erent parts of the world.

Impact of International Trade on Obesity: Methodological Aspect

DOI: 10.24412/2072-8042-2021-11-49-57

Authors: Adkham Mukhitdinovich AKBAROV,
Master’s degree in economic development , The European Union funded project “Facilitating the process of Uzbekistan’s accession to the WTO” , National Coordinator, Independent researcher

Doctor of Economic Sciences, Associate Professor , , Consultant

Th e global obesity epidemic is a contemporary challenge to which national governments and international organizations are forced to respond. At various levels in the scientifi c and business communities the relationship between trade liberalization, trade agreements and obesity has become an increasing concern. Despite the existence of a number of empirical studies of this relationship, there are still methodological issues that do not allow to unequivocally confi rm the thesis that trade and trade policy lead to undesirable results in the fi eld of nutrition

African Continental Free Trade Area as a New Step in African Integration

DOI: 10.24412/2072-8042-2021-11-58-71

Authors: Tat`yana Aleksandrovna BAKVEN'E,
Russian Foreign Trade Academy, Institute of International Economics and Finance , Deputy Director
e-mail: tatyanafl

Olga Vladimirovna PONOMARYOVA,
Russian Foreign Trade Academy, Institute of International Economics and Finance , Researcher

Th e African Continental Free Trade agreement Area entered into force in May 2019. Th is framework agreement is based on the regional blocs already formed in Africa, including the Tripartite Agreement. So far the countries have agreed on key horizontal provisions. Specifi c market access obligations for trade in goods and services are under consideration. If completed, the African Continental Free Trade Area will become a regional mega-bloc and mark a new stage of integration in Africa.

Features of Civil Aircraft Airworthiness Markets in India and Singapore

DOI: 10.24412/2072-8042-2021-11-72-82

Author: Aleksandr Alekseyevich NIKITENKO,
Russian Foreign Trade Academy , Director for Continuing Professional Education

In the article, the author considers the growth of the market for maintenance and repair of aircraft , one of the relatively new markets for services, which emerged as a condition for the development of the airline market. He analyzes the structure of sales of services in the market, forms of maintenance, and critically evaluates the prospects for the market with the commercial policies of the companies involved in this activity. Special attention is paid to the issues of cooperation among competing companies in the market, formation of consortia with participation of airline companies. Th e paper focuses on the markets of India and Singapore as major players in the region

Analysis of EU Energy Crisis

DOI: 10.24412/2072-8042-2021-11-83-90

Author: Evgenij Andreevich LITVINOV,
Russian Foreign Trade Academy, Economists faculty, 1st year studen

Th e European Union is currently experiencing an unprecedented energy crisis. Electricity prices have soared and tend to increase further. Th is situation creates certain risks for the stability and integrity of the European economy. Given the onset of winter, the livelihoods of households and the operations of businesses are threatened by the lack of electricity for heating. Th is article examines the causes of the energy crisis, reviews the current state of the electricity market, and analyzes measures to solve the problems with electricity in the European Union.


11 - 2021

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