Legal Forms of International Economic Integration

Abstract

In conditions of significant interdependence of the economies of states, which was once again confirmed by the results of introduction of tariffs by the United States in early April this year, there is an aspiration of countries to develop an acceptable approach to solving common problems. Aim and task. The aims of this article are to show the possible inefficiency of the existing supranational regulation of international economic relations; to identify the problems arising in the interaction of states on economic issues and to demonstrate the possible vector of integration processes development to achieve effective integration. To achieve these aims, it is important to solve the following tasks: to study and reveal the essence of integration processes; determine the acceptable form of international economic integration. Methods. In preparing this article, the authors applied both general scientific and special legal research methods. Results. The activity of large integration associations was analyzed. The effectiveness of legal integration was substantiated due to the interest of states in it. Conclusions. 1. International economic integration can be promoted by effective economic diplomacy. 2. Only national interest can “force” a state to comply with the principle of international law on fulfillment of obligations in good faith. This interest should be defended by an interstate and/or supranational body. 3. States, in order to realize their national interest, will seek legal integration to converge and unify national legal systems.