Intra-CAREC Trade: Business as Usual or About to Change?
This economic brief takes a pause from analyzing the Covid-19 economic impact and provides instead insights in CAREC countries’ mutual trade against the background of the region’s trade with its main trading partners Russia, the European Union, and the People’s Republic of China.
It also gives a short overview over the products the CAREC countries are trading among themselves. The brief shows that the product composition of intra-CAREC trade is similar to the one of the region’s global trade. It concludes, that in order to intensify intra-CAREC trade as well as the region’s global exports, the product portfolio of CAREC countries’ industry and agriculture has to be widened, and that business as usual is not sufficient.