Possibilities of regulating the digital economy supranationally in BRICS countries

Author: Tkachenko I.Y.

The article examines the issues of national regulation of the digital environment in the BRICS countries. It is claimed that since supranational regulation of the global digital ecosystem is at the stage of formation, the BRICS countries can use the synergistic effect of interaction, extensively participating in the development of world regulation rules, promoting and defending their national and group interests.

Russia «in the mirror» of OECD and world economy

Authors: Mulendeeva A.V., Smirnov V.V.

The subject of the research is the dynamic properties of Russia’s economic development «in the mirror» of the OECD and the world. Th e article presents a forecast based on the analysis of changes in the growth rates of net investment in non-fi nancial assets, tax revenues, expenses, high-tech exports, research and development costs, unemployment, the broad money supply, the index-defl ator of GDP, imports and exports of goods, real GDP per capita in the associated time series, with the subsequent linear approximation of the least squares method in the future and the calculation of the average rate of growth for 2002 – 2020. It is shown that the Russian economy is the leader of buoyant development of world economic activity, which has a high status of stability.

Effects of digital transformation on international trade

Author: Spartak A.N.

The article considers central, integrative role of digitalization and related technologies in the Fourth Industrial Revolution. Digitalization in the world economy and international trade is rapidly growing while digital space becomes the major fi eld for global commerce. Eff ects of digital transformation on international trade are the following: (1) shift s in the structure and confi guration of international trade, including “fl ow” of many operations with real goods and services into digital space; (2) enhancing global competition and its shift to non-material sphere; (3) appearance of new formats and opportunities for international business due to digitalization, more inclusive cross-border commerce and expansion of “cloud” employment, blurring of lines between crossborder and domestic operations in the globalized digital environment; (4) regulatory changes to deal with fast growing digital trade with participation of companies, entrepreneurs, households and actually beyond national jurisdictions; emergence of the new generation “above the border” disciplines related to regulation of commercial relations in virtual space. Many of the expected changes in the existing concept of international trade will be drastic.

Author: Shuyskiy V.P.

The article examines the scale, dynamics, growth and constraining factors of Russia’s services exports in 2000-2017. By early 2017 some of headwinds (collapse of commodity trade, depreciation of the rouble) as well as part of its growth factors (demand from developed countries, infl ow of foreign investment) visibly weakened. In these circumstances, the author proposes to discuss the feasibility of new drivers of growth in exports of domestic services: diversifying their geographical structure, better use of import capacity of developing countries, as well as the use of a rarely used in Russia mode of the services supplies for export, the so-called “commercial presence”. While analysing the second proposal, the issue of capital transfers regulation in the context of the investment slowdown was examined.

Once again about customs terminology in the fi eld of classifi cation of goods

Authors: Andreeva E.I., Nesterov A.V.

In the practice of classifi cation of goods by Foreign Economic Activity Commodity Nomenclature of the Customs Union (FEACN) there are terminological collisions in statutory documents, the resolution of which is impossible without deep comprehension of individual concepts. Th e article analyzes the concept of “classifi cation of goods” by FEACN used in diff erent meanings, for example, when creating a classifi cation code and positioning a certain product in the existing classifi er, i.e. product identifi cation against diff erent available groupings in the classifi er. Th e analysis of the primary sources was conducted and incorrect translation of the term “classifi cation” widely used in foreign trade and customs practice is shown. Th e authors established diff erent meanings for the words “classifi cation” and “classifying” in relation to FEACN and propose to use appropriate terms for corresponding defi nitions.

Determinants of the EAEU-EU mutual trade in environmental goods

Authors: Pak E.V., Piskulova N.A.

Mutual trade in environmental goods is one of the key forms of the EAEU-EU economic cooperation in the environmental fi eld. The main drivers of the environmental goods trade are: reciprocal commitment to the green economy development, i.e. in terms of resource-effi ciency; abundance of natural resources and environmental resources as a whole; necessity of common approaches to tackling environmental problems; greater involvement in global economy. Thus, trade in environmental goods might be a promising direction of the EAEU-EU economic agenda stimulating green economy cooperation between the partners.

Peculiarities of the pricing of investment consulting services in international trade

Authors: Mirzoyan M.O., Orlova G.A., Savinov Y.A., Skurova A.V.

In the article, the authors consider the main principles and directions for setting contract prices in the trade in advisory services on the world market. Th ey pay special attention to the importance of proper pricing, analyze the forms of fi xing prices in the contract, widely used estimates of Western and Russian specialists of the cost of preparing analytical materials in Russia and abroad. Calculations of the prices for exemplary investment consulting services are based on the determination of costs, fi xed payment, determining the percentage of the value of the consultancy object or the results and the combined payment.

The role of foreign trade in the development of oil and fat products market in Russia

Authors: Nikolaeva M.A., Rjazanova O.A.

The article considers the condition of sources of saturation of the oil and fat products market and the infl uence of foreign trade on the development of its market. Presented and analyzed data on the volumes of domestic production of vegetable oils, animal fats, margarine products and mayonnaise. Dependences on the years are revealed, the struc-ture of domestic production in the region of the country, the structure of the assortment of fat-and-oil production, is indicated. Changes in the data on the volumes of domestic production have been analyzed and the reasons for their growth and decline have been explained. Data on imports and exports of fat and oil products are presented. It has been established that for vegetable oils and margarine, import dependence has been completely overcome. Moreover, Russia has expanded its export opportunities due to vegetable oils. Moreover, Russia has expanded its export capabilities through vegetable oils. Th e main producers of fat-and-oil products in Russia and their trademarks are shown. Th e actual problems of the market of fat-and-oil products, ways of their solution and perspective directions of development of this segment of the market are determined.

Th e development of international container transit in Russia’s foreign trad

Author: Rarovskiy P.E.

The author reveals the basic preconditions for growth in international container transit through the territory of Russia taking into account the development trends in international trade among countries in the Asia-Pacifi c region and the European Union. Key weaknesses of Russia’s of international container transit system, with its segmentation on the main quality characteristics, are identifi ed. In order to spur transport services exports the author proposes directions for complex development of the international transit communications system in terms of increasing state assistance for international transit and support for domestic companies in foreign markets. Th e principles of a multimodal transit container pool are formulated

Application problem of «unilateral sanctions» in modern international law

Author: Ivanova E.M.

The article analyzes the problem of applying the so-called “unilateral sanctions” in interstate relations. It is noted that in practice unilateral economic measures are oft en political rather than legal in nature. Th e issue of the possibility of identifying these measures with international sanctions and retaliatory measures is being raised. Th e offi cial UN position on international sanctions and retaliatory measures is being considered. Russian legislation provides for the possibility of applying unilateral economic measures; however, these measures are not identifi ed with the term “sanctions”. Th e terminological confusion of these terms allows states to introduce unilateral measures unreasonably and equate them to sanctions