Perspectives of Integration Process of Russia in South-East Asia

Natalia Victorovna Kuznetsova and Natalia Alexandrovna Vorobeva

Department of World Economy, School of Economics and Management, Far Eastern Federal University, Russia, 690950, Vladivostok, Suhanova Str., 8, Russia.

DOI : http://dx.doi.org/10.13005/bbra/1483

ABSTRACT: The aim of this research is to identify the opportunities and forms of partnership between Russia and South-East Asia. The Association of South-East Asian countries is gaining quite rapidly the recognition in the global economy, which confirmed by the consistency of the model of regional integration as one of the most promising and rapidly developing integration groups not only in the Asia-Pacific Region, but also in the world. As for the interaction between ASEAN countries with Russia, we identified that Russia and ASEAN countries have a great interest in expanding areas of mutually beneficial economic cooperation and future business dynamic relations with Russia. The leaders of most developed countries officially declare the importance of a meaningful relationship between Russia and ASEAN. In fact there are many reasons for it and the most important among is economic issue. Analysis shows that between Russia and ASEAN it was established the foundation for the development of the future partnership.

KEYWORDS: Integration grouping; cooperation; Financial basis; Investment potential; Economic growth; Investment projects; Trade; export; Import; trade balance

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