Kazakhstan’s Foreign Trade with EAEU Partners: Preliminary Results

Abstract

This study is aimed at identifying the preliminary results of Kazakhstan’s foreign trade with countries that have agreements on economic cooperation with the Eurasian Economic Union.Aim. Identification the emergence of effects for Kazakhstan’s foreign trade from agreements with the EAEU partner states.Tasks. Analyze the indicators of Kazakhstan’s foreign trade with states that have preferential modes of cooperation with the EAEU, compare these indicators of the validity period of the relevant agreements with previous periods and with the parameters of Kazakhstan’s foreign trade as a whole, assess the results of foreign trade during the period of validity of agreements on economic cooperation. Methods. In this work, we used the methods of time series analysis and comparative analysis.Results. The study showed that in most cases, the intensity of Kazakhstan’s mutual trade with countries that have preferential regimes of cooperation with the EAEU has significantly increased after the conclusion of agreements. Trade of Kazakhstan with the only country with a relatively long history of the current free trade agreement, Vietnam, showed significant growth during this period, many times higher than the general indicators of foreign trade. The outstripping growth in trade with the considered countries occurs, as a rule, due to an increase in Kazakhstani exports, which has a positive effect on foreign trade as a whole and has a positive effect on the indicators of the trade and balance of payments. The cumulative effect for Kazakhstan’s foreign trade from increasing trade with the EAEU partner countries is quite large and is measured by an annual increase in trade turnover at the level of more than $ 650 million, and an increase in exports in the amount of slightly less than $ 1 billion.Conclusion. The preliminary results of Kazakhstan’s foreign trade with the EAEU partner countries are positive and confirm the existence of potential for further cooperation through the conclusion of new trade and other agreements with other states.