Mutual Benefits of Economic Cooperation Between EAEU Countries and Turkey: Potential Practice Areas of Cooperation in the Context of the Regional Economic Integration Process

Abstract

Regional economic integrations bring many economic benefits to member countries. In international competition, there are integrations that make it easier for countries to reach their goals and attract attention with their effectiveness today. The Eurasian Economic Union (EAEU) is one of the main important regional economic integrations. This chapter details the relations Turkey can establish with the EAEU by considering the import and export data between Turkey and Russia. The research of recent data will discuss how Turkey's trade relations with Russia strengthen the EAEU and what kind of relationship will be possible in the future, considering commercial and economic integrations that are already included, as well as geographical and historical elements. This chapter will assess the potential relationship that can be established with the EAEU, given the strengthening of trade ties between Turkey and Russia. This chapter highlights the alternatives for the harmonization of Turkey's potential cooperation with the EAEU, which is planning a development strategy.

Citation

Andronova, I.V. and Yildirim, N.T. (2024), "Mutual Benefits of Economic Cooperation Between EAEU Countries and Turkey: Potential Practice Areas of Cooperation in the Context of the Regional Economic Integration Process", Eshov, M.P., Abdurakhmanova, G.K., Burkhanov, A.U., Abdusalomova, N.B. and Ergasheva, S.T. (Ed.) Development of International Entrepreneurship Based on Corporate Accounting and Reporting According to IFRS (Advanced Series in Management, Vol. 33B), Emerald Publishing Limited, Leeds, pp. 151-158. https://doi.org/10.1108/S1877-63612024000033B019