Assessment of Impact of Trade and Economic Cooperation of Kazakhstan with Russia, EAEU Countries and Third Countries on Development of Integration Processes of EAEU

Abstract

The countries of the Eurasian Economic Union (EAEU) will strengthen cooperation despite external pressure. This is also confirmed by the issues discussed at the meeting of the Intergovernmental Council of the EAEU held in February 2022 in Nur-Sultan, where it was determined that the countries included in the Council will develop a common market for the freedom of movement of goods, services, capital and labor. All the EAEU member states continue to make necessary decisions for the development of trade, economic and humanitarian relations, improving the quality of life and wellbeing of citizens of their citizens. The article contains the results of scientific and applied research carried out using the methods of logical, systematic, comparative, economic and statistical analysis. The most important directions of trade and economic cooperation between Russia and Kazakhstan, the economies of the countries of the Eurasian Economic Union (EAEU) and third countries are revealed, which have a significant impact on the development of integration processes of the EAEU, and to identify promising areas of cooperation in key sectors of the two largest economies. The dynamics of the openness of the economy of Kazakhstan over the past 20 years is considered. The contribution of Eurasian integration to the economic growth of Russia and Kazakhstan is assessed. The authors suggest possible promising areas of cooperation in key industries that contribute to strengthening economic relations between Russia and the Republic of Kazakhstan.