International Trade in Circular Goods: Overview

Authors

  • Iosif Zinovievich Aronov Moscow State Institute of International Relations (University)
  • Anna Mikhailovna Rybakova Moscow State Institute of International Relations (University)
  • Vladimir Yurievich Salamatov Moscow State Institute of International Relations (University)

DOI:

https://doi.org/10.24412.2072-8042-2023-4-66-87

Keywords:

circular economy, closed-loop economy, circular goods, international trade, identification, traceability, barriers

Abstract

The main trends in international trade in circular goods produced within the closedloop economy are considered. It is shown that the volume of trade in circular goods has more than doubled over the past twenty years. Opportunities and risks associated with the trade in circular goods are analyzed. The main problems in the trade are identified: incorrect commodity identification, gaps in the harmonized system (HS), contradictions between the HS and the Basel Convention provisions in relation to waste trade. Considering that the market for circular goods is projected to double in size by 2026, a multiple increase in international trade in these goods might be expected, which will require the removal of barriers noted in the article.

Author Biographies

Iosif Zinovievich Aronov, Moscow State Institute of International Relations (University)

Doctor of Technical Sciences, Professor

Work place, position: Moscow State Institute of International Relations (University), Professor, Department of Trade and Trade Regulation

Anna Mikhailovna Rybakova, Moscow State Institute of International Relations (University)

Candidate of Biological Sciences

Work place, position: Moscow State Institute of International Relations (University) , Associate Professor, Department of Commercial Affairs and Trade Regulation

Vladimir Yurievich Salamatov, Moscow State Institute of International Relations (University)

Doctor of Economics, Professor
Place of work, post: Moscow State Institute of International Relations, Department of Trade and Trade Regulation, the Head

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Published

2024-01-25

How to Cite

Aronov, I. Z., Rybakova, A. M., & Salamatov, V. Y. (2024). International Trade in Circular Goods: Overview. Russian Foreign Economic Journal, (4), 66–87. https://doi.org/10.24412.2072-8042-2023-4-66-87

Issue

No. 4 (2023)

Section

International trade