MULTIVECTOR FOREIGN TRADE IN THE REPUBLIC OF BELARUS DURING POST-CRISIS PERIOD

Abstract

One of leading principles of the organization of external economic policy of Belarus – multivector economic relations is considered. The world economic crisis was investigated as a factor caused updating of directions of realization of the principle of multivector foreign trade development. There were revealed the tendencies of foreign trade development of the republic during precrisis and post-crisis periods, including on commodity and geographical structure of export and import of goods, services are revealed; the reasons which are constraining foreign trade development and also influencing increase of negative balance in the payment balance. There were analyzed measures and directions for geographic and commodity export diversification development, including: an exit to new markets where Belarusian production hadn`t been earlier delivered; increase deliveries of Belorussian production to countries markets where volumes of deliveries were insignificant in previous years; deliveries traditional for our export goods to the new markets. It is shown that dynamics of foreign trade is connected to recurrence of world economy development.