Chapter 20 Foreign Economic Policy of Belarus: Integration and Multivector

Abstracts This chapter identifies features of foreign economic policy of the Republic of Belarus determined by its multidirectional external economic relations and participation in the processes of international economic integration. It is noted that in the last decade there has been an active search for opportunities to shift the focus in foreign economic policy, including geographic redirection of trade and investment flows, intensification of the search for a “niche” and new ways of incorporating into the world economic relations system, progress toward the liberalization of trade relations by means of multilateral and bilateral interaction formats. This section assesses the motivation for the boost of the foreign economic policy of the Republic of Belarus in the context of aggravated geopolitical situation and the growth of protectionist tendencies and identifies obstacles to its implementation.