Abstract

The shift from globalisation to economic regionalisation marks a significant transformation in the world's economic landscape. Globalisation, once hailed as the primary force driving interconnectedness among nations, is undergoing a shift towards regionalisation, driven by a myriad of factors. Despite deglobalisation, the volume of foreign trade between the Eurasian Economic Union (EAEU) and the African Union (AU) countries increased by 60% during 2015-2022 and amounted to nearly USD 22 billion. Exports from the EAEU to AU markets increased by 74%, and imports to the EAEU from the AU by ...