Industrial Cooperation as Value Added Opportunities in the Context of Globalization

Abstract

The article deals with the formation of value added in the member states of the Eurasian Economic Union (Russian Federation, Republic of Kazakhstan, Kyrgyz Republic, Republic of Armenia, Republic of Belarus) and the possibility of establishing cooperative relations allowing to form a common value added chain, where each member state will have its specific role depending on its competitive advantages. The main industrial development programs were analyzed, as well as the priority sectors and several weaknesses of the industry of the EAEU member states identified. The article highlights the main problems that arise in the process of creating added value chain in the member states of the EAEU, and proposes measures for their reduction and elimination.