The role of the Eurasian Economic Union in Kazakhstan’s industrial policy development

MA. Yelena Tsoy, MAE

Master's thesis

Abstract:

Eurasian Economic Union is the continuous advanced Custom Union created by Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. It is an ambitious project in the Eurasian continent aimed to facilitate mutual trade and gain economic growth based on principles of free movement of goods, services, human resources, and capital. The Diploma Thesis is focused on the Eurasian integration process with the aim of determination trade and economic opportunities for industrial development of Kazakhstan within the EAEU and provide recommendations on increasing competitive advantages of manufactured industries of Kazakhstan. In order to achieve the goals, quantitative and qualitative methods are used in this research. Theoretical part consists of comparison and analysis of resent studies identifying what findings are relevant and mainly discussed nowadays regarding to precondition for international trade, reasons for regional integration, integration process in Eurasian continent and the role of the World Trade Organization for the Member States of the EAEU. Practical part describes the analysis of the EAEU and WTO legal framework as well as the examination of the EAEU Treaty and long-term strategic documents adopted by the Eurasian Economic Commission. Then quantitative method is applied. After the data collection from official sources the estimation of trade flows of manufactured goods between Kazakhstan and the EAEU Member States is conducted to determine the most traded sectors using Harmonized Commodity Description and Coding Systems. The RCA indexes identified the industries where Kazakhstan has comparative advantages to produce and trade manufactured goods within the EAEU comparing with its Member States in 2011-2020. Strategic planning in economic policy is a way to help a government be more efficient and more beneficial by distributing the allocation of resources. Therefore, recommendations for Kazakhstan industrial sector on development of inter-state interaction within the EАEU are proposed based on recent Diploma Thesis findings and current political and economic situation. Key insights help Kazakhstan government make decisions in order to develop industrial sector, gain economic growth and create fair competitive conditions to cooperate with the Member States of Eurasian Economic Union.

Keywords

The Eurasian Economic Union, Kazakhstan industrial policy, international trade, manufacturing industries, Harmonized Commodity Description and Coding Systems, the RCA

Language used: English

Date on which the thesis was submitted / produced: 30. 3. 2022

Thesis defence

• Supervisor: prof. Ing. Luboš Smutka, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management