Customs Union in Former Soviet States Reshapes Trade Dynamics, Impacts Economies
The article discusses the impact of a customs union in the Commonwealth of Independent States on trade among its members. The focus is on how joining the Customs Union led by Russia, Belarus, and Kazakhstan affects countries that did not join. The researchers used a partial equilibrium model to analyze the economic effects. The findings suggest that being part of the Customs Union can have significant implications for trade relationships and economic outcomes within the region.