Chapter 6: Russia’s Regional Free Trade Agreements and Agri-Food Trade After 2014

Abstract

AbstractThis chapter analyses changes in Russia’s agri-food trade relations after 2014 with a specific focus on regional trade agreements. The introduction of countersanctions against Western countries in 2014 spurred the need to replace some of Russia’s most important foreign food trade partners. Free trade agreements can be effective instruments to boost trade and strengthen ties between countries. Russia is a latecomer in the race for free trade agreements, but a series of agreements have been negotiated since 2015. The portfolio of free trade agreements is still in an early stage, but there is a clear turn to Asia in Russia’s trade. China’s role in total trade as well as in agri-food trade with Russia is considerably strengthened despite the lack of trade preferences so far.