Economic Cooperation between Serbia and the Member States of the Eurasian Economic Union: Constraints and Potentials

Abstract

The aim of this paper is to measure the results of the recent economic cooperation achieved between Serbia and the member states of the Eurasian Economic Union on the basis of statistical data, and then, by applying an econometric model, to show the potential for future cooperation in the field of foreign trade and highlight the economic benefits of such cooperation. There are potentials for the development of foreign trade relations and cooperation between Serbia and the member states of the Eurasian Economic Union but they are not fully exploited. Their further development is conditioned by political relations between Serbia and the member states of the Eurasian Economic Union, and the progress of Serbia in the process of eurointegration.