Trade Performance and Regional Integration of the CIS Countries

Download or read book Trade Performance and Regional Integration of the CIS Countries written by Lev M. Freinkman and published by World Bank Publications. This book was released on 2004-01-01 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper sets out a detailed quantitative analysis, based on standard econometric models, of the trade trends in the CIS countries, focusing on its low-income members; as well examining the nature of the existing CIS intra-bloc trade. Findings include that overall, progress in the trade area was slower in the low-income economies (CIS-7) than in the higher income CIS members, reflected in lower overall export level and slower export growth, a higher trade deficit, and a lower share of manufacturing exports. On balance, the CIS free trade area is a beneficial, trade-facilitating bloc, although the potential benefits of CIS trade integration remain badly underutilised.