EURASIAN ECONOMIC UNION ON THE NON-FUEL MINERAL COMMODITIES’ MARKETS

Abstract

The article analyzes the role of resource endowment as a factor of regional economic integration’s economic security. The key markets of non-fuel minerals, where the Eurasian Economic Union has a high export potential, have been identified. The place and role of the EAEU in the world markets of chromium, sulfur, antimony, copper, industrial diamonds, platinum are analyzed using relative export indicators. The author reveals the risk of foreign trade pressure exerted by export partners among the key risks associated with the dominant position of the EAEU in these markets, in the context of trade wars and sanctions. It is proposed to monitor on a regular basis key foreign trade indicators for strategically important goods, including non-fuel minerals. This will lead to the development of a common strategy for their production, processing and trade and help strengthening the foreign trade position of the EAEU in global markets.