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Peculiarities of Foreign Trade of the Islamic Region Countries

Author: Aleksandr F. Linetsky, Dr. Sc. (Ec.), Prof. of Foreign Trade Economics Dept.; Tatyana S. Yevdokimova, postgraduate of Foreign Trade Economics Dept.

Abstract: The performed analysis witnesses that cultural traditions, mainly Islam, have a huge impact not only on the formation of trade and economic relations not only within a particular state or region, selected on the basis of a common trait - religion, but on external relations with other regions as well.

Key words: integration; foreign trade activity; exports; imports; oil; globalization; world economy; religion; riba; Islamic region; Muslims.