Predictive Modeling for Non-tariff Measures to Promote WTO Members’ Dairy Exports to China
Exports of products of animal origin from Russia have been growing unevenly. Soaring exports of certain product groups is combined with fl at fi gures for others. Exports of poultry and dairy products to Chinese market started to grow simultaneously in 2019. While promotion strategies for both product groups are also the same, the growth rates for both groups diff er several times. Th e author considers the application of veterinary and sanitary measures provided for by the WTO Agreement on the Application of Sanitary and Phytosanitary Measures by the importing country as the main reason for the lagging dairy products exports. In accordance with the transparency provisions of the WTO agreements, the WTO System for Information Management on Sanitary and Phytosanitary Measures and Technical Barriers to Trade aggregates data that can be used to model the introduction of sanitary and phytosanitary measures by WTO members on individual groups of the commodity classifi cation, which allows reliable forecasting of future sanitary measures and signifi cantly reduces the external risks for exporters. Th e paper assesses building a predictive model for veterinary-sanitary measures application by World Trade Organization members in relation to dairy products using machine learning as a way to promote and predict dairy exports.
Development of Trade and Economic Cooperation between Russia and India
Given the changing world order, to turn the situation around Russia and India undertook eff orts to develop relations in such sectors as defence and energy in 2018-2019. Th e article analyzes the development of relations between the Republic of India and the Russian Federation since the informal summit in Sochi in 2018 and the annual summit in Russia in 2019. Special attention is paid to the historical aspect of the trade-economic and political cooperation between Russia and India, key areas for strategic economic dialogue, analysis of foreign trade indicators, export and import commodity classifi cation
Diff erent Stages of Draft ing a Foreign Trade Contract with Chinese Counterparts
The expansion of trade and economic relations between Russia and the People’s Republic of China requires knowledge and experience to improve the process of draft ing a foreign trade contract with Chinese partners. Diff erent stages of negotiations usually take a considerable length of time to agree on the form and terms of the contract. At the same time, Chinese companies put forward a number of conditions that need to be worked out in advance for the possibility of their acceptance. First of all, it is necessary to fully check the partner, draft a contract in Chinese with Chinese as a governing language, affi x seals on the edge of each page of the contract, etc. Acceptance of these and some other requirements ensures eff ective execution and completion of foreign trade contracts
Digitalization of World Economy and Structure of Russian Services Exports
The paper compares the impact of the digitization of the global economy on the industry structure of global and Russian services exports. Th e benefi ts of digital information compared to analog information are shown. Digitalization is accompanied among other things by a drastic reduction in the cost of distance data transmission, which facilitates and boosts digital services exports and increases their share in international service trade. It is argued that digitalization of the world economy will only gain momentum in the post coronavirus period. Particular attention is drawn to the low growth rate of Russian digital services exports. Some promising areas for exports are stated
Global E-Commerce Market Overview in World Economy: Challenges and Eff ects of the Pandemic
The COVID-19 pandemic has signifi cantly aff ected many sectors of the economy, but it is believed that certain industries have even benefi ted, including the e-commerce market. Th e inability to enjoy shopping, the temporary closure of retail shopping centers and fear for their own health have forced many consumers to resort to the services of e-commerce companies. Th e purpose of this study is to analyze the impact of the COVID-19 pandemic on the e-commerce market and its largest players. In this research, the following issues are examined: the impact of COVID-19 pandemic on the retail trade as one of the essential elements of a market economy; the eff ects of the pandemic on the e-commerce, and the changes in the performance of the leading companies; the state of the domestic e-commerce market. Th e study shows that the COVID-19 pandemic has had a positive impact on the major industry indicators such as the number of online buyers and sales in the e-commerce sector. Besides, the changes in the business revenues and earnings per share (EPS) also suggest a positive trend. Th e results of the study allow us to get a broader perspective of the COVID-19 infl uence on the e-commerce sector. In conclusion, prospects for the industry are estimated
EAEU Single Market: Case of Electronics Industry
This article is devoted to assessing the state of the electronics industry in the EAEU countries, as well as promising areas of cooperation in this area. Development of the digital economy in Russia largely depends on the electronics industry. Electronics, electronic components and materials are produced in the country in insuffi cient volumes and many experts, including those from government agencies, note it. Th ere is a serious reliance on external suppliers. Integration with the EAEU partners in this direction can speed up the development of Russia’s own electronics and element base. However, cooperation at the level of government agencies has been developing very slowly due to organizational and investment problems. It is necessary to develop projects that will be commercially successful in the markets of the EAEU countries and their partners. Th e most promising partner in electronics manufacturing is Belarus. Projects related to the production of 3D printers, automotive electronics and laser equipment are considered promising in terms of market sales. Th e growth of markets for these products allows us to make favourable sales forecasts
Covid-19 Impact on International Trade
Covid-19 is a global crisis. Th e virus continues to spread around the world, putting health systems under unprecedented stress in the fi ght to save lives. Th e human scale of this tragedy will be compounded as the virus spreads to low-income countries with weaker health systems. In modern conditions, one of the key aspects of the world economy is international trade. Th is article discusses the current issues of Covid-19 impact on international trade, the consequences of the crisis and ways out of it.
Prospects for Inbound Tourism in Russia (Regional Level)
Inbound tourism is one of the promising growth sectors for Russia’s economy that generates foreign exchange earnings alternative to oil and gas export revenues. Th e article deals with the prospects for inbound tourism in Russia at regional level (federal districts). Th e effi ciency of using tourist resources of Russian regions in the system of inbound tourism is assessed. New scientific approach including comparison of tourist resources of foreign states and Russian regions is presented. Th e method helps to estimate the potential of inbound tourism in Russia. Th e ways to strengthen competiveness of the Russian tourism and travel industry are also proposed in the article. Foreign experience of inbound tourism is analyzed
Procurement Planning Issues of Industrial Enterprises
The article deals with the importance of procurement planning process for a value chain of an industrial enterprise. Th e author considers the planning problems that companies currently face in procurement. Th e risks they pose to the enterprise are described in detail. Four main types of needs are considered, and recommendations for dealing with key issues in the planning process are given. Specifi c actions and modern approaches to improving procurement activities and the effi ciency of the planning process in industrial enterprises are proposed.
12 - 2020