Eurasian Economic Community Евразийское экономическое сообщество | |||||||
---|---|---|---|---|---|---|---|
2000–2014 | |||||||
Status | Regional organization | ||||||
Capital | Moscow (Commission) | ||||||
Former member states | |||||||
History | |||||||
• Established | 10 October 2000 | ||||||
25 January 2006 | |||||||
1 January 2010 | |||||||
25 January 2012 | |||||||
• Terminated | 31 December 2014 | ||||||
• EEU established | 1 January 2015 | ||||||
| |||||||
Today part of | Eurasian Economic Union |
The Eurasian Economic Community (EAEC or EurAsEC) was a regional organisation between 2000 and 2014 which aimed for the economic integration of its member states. [3] The organisation originated from the Commonwealth of Independent States (CIS) on 29 March 1996, [4] with the treaty on the establishment of the Eurasian Economic Community signed on 10 October 2000 in Kazakhstan's capital Astana by Presidents Alexander Lukashenko of Belarus, Nursultan Nazarbayev of Kazakhstan, Askar Akayev of Kyrgyzstan, Vladimir Putin of Russia, and Emomali Rahmon of Tajikistan. [5] Uzbekistan joined the community on 7 October 2005, but later withdrew on 16 October 2008.
During the 14 years, the EAEC implemented a number of economic policies to unify the community. The Customs Union of Belarus, Kazakhstan, and Russia was formed on 1 January 2010, and later renamed the Eurasian Customs Union. The four freedoms of movement modelled after the European Union (goods, capital, services, and people) were fully implemented by 25 January 2012, with the formation of the Eurasian Economic Space. [6] [7] [8]
On 10 October 2014, an agreement on the termination of the Eurasian Economic Community was signed in Minsk after a session of the Interstate Council of the EAEC. The Eurasian Economic Community was terminated from 1 January 2015 in connection with the launch of the Eurasian Economic Union.[ citation needed ] While the Eurasian Economic Union effectively replaces the community, membership negotiations with Tajikistan are still ongoing. All other EAEC members have joined the new union.
Uzbekistan was previously a member of the EAEC, however it suspended its membership in 2008.[ citation needed ]
In accordance with the Charter of the EurAsEC, observer status could be granted to the states or intergovernmental organizations at their request. The observers had the right to attend the public meetings of the Eurasian Economic Community, to speak at these meetings and with the consent of the presiding officer to obtain public documents and decisions taken by the Community. Observer status did not allow states to take part in decision-making at the meetings of the Eurasian Economic Community. Observer states were:
The Eurasian Economic Community was established for effective promotion of the creation by the Customs Union member states of a Single Economic Space and for coordinating their approaches while integrating into the world economy and the international trade system. One of the Organization's chief activity vectors is ensuring the dynamic evolution of the Community states through coordinating their economic and social reforms while effectively using their economic potentials to improve the living standards of their peoples. Among the principal tasks of the Community are:
The supreme body of the Eurasian Economic Community is composed of the Heads of State and Government of the member states. The Interstate Council considers the main issues of the Community relating to the common interests of member states, determines the strategy, direction and prospects of integration and takes decisions aimed at achieving the goals and objectives of the Community. The Interstate Council meets at the level of Heads of State at least once a year, and the heads of government - at least twice a year. The council takes decisions by consensus. The decisions taken are binding on all Member States of the Community. [9]
The Integration Committee is a permanent organ of the Eurasec. It consists of deputy heads of governments of the countries of the Community. The Integration Committee meetings must be held at least four times a year.
In integration, the committee's decisions are taken by a two-thirds majority. [9]
Every member state has a certain number of votes:
Some boards and commissions within the Integration Committee:
The Secretariat is headed by the Secretary General of the Eurasec, the highest Community official, appointed by the interstate Council. The seats of the Secretariat are in the cities of Almaty (Kazakhstan) and Moscow (Russia). [9]
The Interparliamentary Assembly of the Eurasian Economic Community serves as body of parliamentary cooperation in the framework of the Eurasian Economic Community. It addresses the issues of harmonization (convergence, harmonization) of national legislation and bring it into line with the agreements concluded in the framework of the Eurasian Economic Community. Assembly is composed of members of parliament, delegated by the parliaments of member states. [9] Its structure includes:
The Secretariat of the Interparliamentary Assembly is located in St. Petersburg, Russia.
Country | Population | GDP 2011 (In Millions USD) | GDP 2012 (In Millions USD) | per capita |
---|---|---|---|---|
Belarus | 9,459,000 | 59,735 | 63,259 | 6,739 |
Russia | 143,455,000 | 1,899,056 | 2,021,960 | 14,247 |
Kazakhstan | 17,027,000 | 183,107 | 196,419 | 11,773 |
Kyrgyzstan | 5,717,000 | 6,199 | 6,473 | 1,158 |
Uzbekistan | 30,214,000 | 45,353 | 51,168 | 1,737 |
Tajikistan | 8,044,000 | 6,523 | 7,592 | 953 |
EAEC total | 213,916,000 | 2,189,991 | 2,346,871 | 10,971 |
After discussion about the creation of a common market between the CIS countries of Russia, Ukraine, Belarus, and Kazakhstan, agreement in principle about the creation of this space was announced after a meeting in the Moscow suburb of Novo-Ogarevo on 23 February 2003. The Common Economic Space would involve a supranational commission on trade and tariffs that would be based in Kyiv, would initially be headed by a representative of Kazakhstan, and would not be subordinate to the governments of the four nations. The ultimate goal would be a regional organisation that would be open for other countries to join as well, and could eventually lead even to a single currency. On 22 May 2003 The Verkhovna Rada (the Ukrainian Parliament) voted 266 votes in favor and 51 against the joint economic space. However, Viktor Yushchenko's victory in the Ukrainian presidential election of 2004 was a significant blow against the project: Yushchenko had shown renewed interest in Ukrainian membership in the European Union, and such membership would have been incompatible with the envisioned common economic space. On March 1, 2010, the first deputy head of the presidential administration of newly elected Ukrainian President Viktor Yanukovych, Iryna Akymova stated that Ukraine does not intend to join the Customs Union of Russia, Kazakhstan and Belarus in the near future "Since the customs union contradicts and will greatly complicate Ukraine's membership in the WTO". [10]
A single market for the Eurasian Economic Community came into effect in January 2012, [8] followed by the creation of the Eurasian Economic Union on 1 January 2015. [8]
Forming a customs union between EurAsEC member states became a top priority from Spring 2008, when the EU announced its Eastern Partnership. Since that time, there has been discord between the EU and Russia with both sides accusing the other of attempting to carve out spheres of influence over the countries at issue (Belarus, Armenia, Azerbaijan, Georgia, Moldova and Ukraine). A supranational body of the customs union—the Eurasian Economic Commission—was established on December 12, 2008. Boiled down to its essence, Russia has offered EurAsEC members access to its markets (i.e., for Kazakhstan) and lower energy prices (i.e., Belarus, Ukraine). The EU's offer to membership countries amounts to promises of de facto EU integration, such as relaxed visa entry requirements.
Kazakhstani President Nursultan Nazarbayev had proposed the creation of a common noncash currency called yevraz for the community. This would have reportedly helped insulate the countries from the global economic crisis. [11]
On 3 September 2013, EUobserver reported that Armenia had decided to join the Eurasian Customs Union. The website quoted a Russian government communique stating that, "Armenia [has] decided to join the Customs Union and take the necessary practical steps to subsequently participate in the formation of the Eurasian Economic Union." [12]
On 9 June 2009, Member States of the EurAsEC in collaboration with Armenia, announced the establishment of an anti-crisis of Eurasec Fund to deal with the 2009 financial crisis. [13]
The Russian Finance Minister, Alexei Kudrin clarified: "The money from the fund will be used to grant sovereign loans and stabilization credits to Member States and to finance interstate investment projects. Therefore, this fund will be a kind of replica of the Regional International Monetary Fund (IMF) and the European Bank for Reconstruction and Development (EBRD). As we know, the IMF provides credit stabilization globally, while the EBRD grants loans for investment projects. Russia has refused to increase the amount of its contribution to the IMF, which would have been used to grant loans to stabilize countries in need around the world. Instead, it creates a regional fund to help its neighbors and allies. "
Belarusian President, Alexander Lukashenko said: "The Eurasian Economic Community will establish a fund of $10 billion to deal with the financial crisis." On June 9, 2009, the Fund was established at a meeting of the EurAsEc.
The Russia and Kazakhstan contributed 7.5 billion and 1 billion dollars respectively to the anti-crisis fund. [13]
On October 10, 2000, when reforms on the CIS were reached the Eurasian Economic Community was formed. The EurAsEC aimed to erase the failures of the CIS, to form a true common market, face the challenges of globalization and to resume the integration processes within the CIS. Very quickly, the EurAsEC emerged as the economic complement of the CSTO. [14] [15]
In 2004, Russia joined the Central Asian Economic Community (ECSC) in order to strengthen its presence in Central Asia. Soon after, Moscow expressed its desire to dissolve the ECSC in the EurAsEC. In late 2005, Uzbekistan argued for its accession to the EurAsEC, which led other members of the ECSC to negotiate and eventually merge the two organizations. This merge was effective on January 25, 2006. Most of the functions of the Central Asian Economic Community were transferred to the EurAsEC since 2006. [14] [15]
However the status of current observers of the ECSC that are not observers of EurAsEC is not yet settled (including Georgia and Turkey, the latter activist which is also for accession to the European Union) .
Members wanted the EurAsEC to become a viable economic bloc between the powerful EU in the West, and the growing economies in the east, which established the ASEAN).
On October 16, 2008, Uzbekistan submitted an official note to the EurAsEC Secretariat, requesting to withdraw from the Eurasian Economic Community (EurAsEC). [16] Although Uzbekistan has not given any official reason, many interpret the move as an attempt to revive stagnating relations with the West and to assertively dismissing Russian influence. [17] Other views interpret Uzbekistan's move as a nationalist attempt in response to an economic crisis, in order to regain tighter control over its economy. [18]
The Customs Union members—Kazakhstan, Belarus and Russia—reached an agreement on a unified customs tariff in June 2009 and endorsed a schedule for creating a unified customs territory. The new Customs Union is intended to go into effect on July 1, 2010 [19]
The Russian, Kazakhstani, and Belarusian leaders have approved documents to establish a “single economic space” on 1 January 2012 – a single market for goods, investment, and labor. [20]
On 29 May 2014, a meeting of the Supreme Eurasian Economic Council took place in Astana, following which Vladimir Putin, President of Kazakhstan Nursultan Nazarbayev and President of Belarus Alexander Lukashenko signed an Agreement on the Eurasian Economic Union. [21]
The Commonwealth of Independent States (CIS) is a regional intergovernmental organization in Eurasia. It was formed following the dissolution of the Soviet Union in 1991, and is its legal successor. It covers an area of 20,368,759 km2 (7,864,422 sq mi) and has an estimated population of 239,796,010. The CIS encourages cooperation in economic, political, and military affairs and has certain powers relating to the coordination of trade, finance, lawmaking, and security, including cross-border crime prevention.
The European Communities (EC) were three international organizations that were governed by the same set of institutions. These were the European Coal and Steel Community (ECSC), the European Atomic Energy Community, and the European Economic Community (EEC), the last of which was renamed the European Community (EC) in 1993 by the Maastricht Treaty establishing the European Union. The European Union was established at that time more as a concept rather than an entity, while the Communities remained the actual subjects of international law impersonating the rather abstract Union, becoming at the same time its first pillar. In popular language, however, the singular European Community was sometimes used interchangeably with the plural phrase, in the sense of referring to all three entities.
European integration is the process of industrial, economic, political, legal, social, and cultural integration of states wholly or partially in Europe, or nearby. European integration has primarily but not exclusively come about through the European Union and its policies.
The Union State of Russia and Belarus, officially also referred to as Union State, is a supranational union consisting of Belarus and Russia, with the stated aim of deepening the relationship between the two states through integration in economic and defence policy. Originally, the Union State aimed to create a confederation; however, both countries currently retain their independence.
The GUAM Organization for Democracy and Economic Development is a regional organization of four post-Soviet states: Georgia, Ukraine, Azerbaijan, and Moldova.
The politics of Europe deals with the continually evolving politics within the continent of Europe. It is a topic far more detailed than other continents due to a number of factors including the long history of nation states in the region as well as the modern day trend towards increased political unity amongst the European states.
The post-Soviet states, also referred to as the former Soviet Union (FSU) or the former Soviet republics, are the independent sovereign states that emerged/re-emerged from the dissolution of the Soviet Union in 1991. Prior to their independence, they existed as Union Republics, which were the top-level constituents of the Soviet Union. There are 15 post-Soviet states in total: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. Each of these countries succeeded their respective Union Republics: the Armenian SSR, the Azerbaijan SSR, the Byelorussian SSR, the Estonian SSR, the Georgian SSR, the Kazakh SSR, the Kirghiz SSR, the Latvian SSR, the Lithuanian SSR, the Moldavian SSR, the Russian SFSR, the Tajik SSR, the Turkmen SSR, the Ukrainian SSR, and the Uzbek SSR. In Russia, the term "near abroad" is sometimes used to refer to the post-Soviet states other than Russia.
At present, there are six multi-lateral free trade areas in Europe, and one former free trade area in recent history. Note that there are also a number of bilateral free trade agreements between states and between trade blocks; and that some states participate in more than one free trade area.
The Single Economic Space Agreement (SES) or Common Economic Zone Agreement (CEZ) is an international agreement on the intention to create conditions for the free movement of goods, services, capital and labor without the creation of supranational bodies, signed on 19 September 2003 by Belarus, Kazakhstan, the Russian Federation and Ukraine. Initially this project was a separate one, but in June 2006, the implementation of this project was incorporated into the Eurasian Economic Community.
Treaty on Free Trade Area is an international treaty on a free trade regime in goods signed by 8 post-Soviet states on 18 October 2011, at a meeting of the Commonwealth of Independent States (CIS) Council of Heads of Government in St. Petersburg and entered into force on 20 September 2012. It creates Commonwealth of Independent States Free Trade Area (CISFTA) among Russia, Ukraine, Belarus, Moldova, Armenia, Kyrgyzstan, Kazakhstan and Tajikistan. This Treaty and other agreements within the Commonwealth of Independent States do not regulate relations with third countries, the terms of the CIS FTA allow member states to enter into the FTA agreements with other countries, as well as to join/create custom unions.
The Eurasian Economic Union is an economic union of five post-Soviet states located in Eurasia. The EAEU has an integrated single market. As of 2023, it consists of 183 million people and a gross domestic product of over $2.4 trillion.
The Customs Union of the Eurasian Economic Union or EAEU Customs Union is a customs union of 5 post-Soviet states consisting of all the member states of the Eurasian Economic Union which initially became effective on January 1, 2010 at the date of implementation of the common external tariff (CET) as the Customs Union of the Eurasian Economic Community or Customs Union of Russia, Belarus and Kazakhstan. It was inherited from the Eurasian Economic Community and is now regulated by Part Two of the Treaty on the Eurasian Economic Union, EAEU Customs Code, other international agreements and by decisions of supranational bodies as Supreme Eurasian Economic Council, Intergovernmental Council and Eurasian Economic Commission.
The future enlargement of the Eurasian Economic Union is theoretically open to any of the post-Soviet states and potentially any country of Europe or Asia. In order to accede, a state must fulfill certain economic and political requirements. Enlargement of the Eurasian Economic Union is also subject to the consent of all existing members and the candidate's adoption of existing EEU laws and implementing previous decisions made by the Eurasian Economic Commission. The present agenda of the enlargement of the Eurasian Economic Union is primarily focused on Tajikistan. Meanwhile, Moldova was granted Observer Status in April 2017, followed by Uzbekistan and Cuba in December 2020. The process of enlargement is referred to as Eurasian integration or Eurasianism. This term is also used to refer to the intensification of economic cooperation between Eurasian Economic Union member states.
The Eurasian Economic Union (EEU) currently comprises 5 member states, which are party to the founding treaties of the EEU and thereby subject to the privileges and obligations of membership. The constituent states of the EEU are placed under binding laws and have equal representation within the EEU's executive and judicial bodies. They do however retain considerable autonomy, and must be unanimous for the EEU to adopt policies or new member states. Consensus is a founding principle of the EEU.
The Eurasian Economic Space or Single Economic Space is a single market that provides for the free movement of persons, goods, services and capital within the Eurasian Economic Union. The Single Economic Space was established in 2012 with the goal of creating an integrated single market. It is inspired by the European Internal market and the European Economic Area.
The Agreement on the Establishment of a Free Trade Area is an international agreement on the intention to create a free trade regime in goods signed by 12 post-Soviet states on 15 April 1994, at a meeting of the Commonwealth of Independent States (CIS) Council of Heads of State in Moscow and entered into force on December 30, 1994. Article 1 indicated that this was "the first stage of the creation of the Economic Union", but on 2 April 1999 the countries agreed to remove this phrase from the agreement. Article 17 also confirmed the intention to conclude a free trade agreement in services.
The Agreement on Free Trade in Services, Establishment, Operations and Investment is an international agreement on the creation a free trade regime in services and investment signed by 7 post-Soviet states namely Russia, Armenia, Belarus, Kyrgyzstan, Kazakhstan, Tajikistan and Uzbekistan on 8 June 2023, at a meeting of the Commonwealth of Independent States (CIS) in Sochi, Russia to partly integrate Uzbekistan and Tajikistan on the common standards of the WTO and the EAEU even without their membership in the WTO (Uzbekistan) or the EAEU. It entered into force for Kyrgyzstan, Belarus and Tajikistan on 5 June 2024. It entered into force for Russia on 24 July 2024. On 14 October 2024, Armenia notified of its ratification of the Agreement and it enters into force for Armenia on 13 November 2024.
Eurasian economic integration is the process of economic integration of post-Soviet states which are geographically located in the center of the continent of Eurasia. Eurasian integration has been taking shape since 1991, originally via the establishment of the Commonwealth of Independent States in 1991, as noted in the World Trade Organization report. Currently, integration is primarily implemented through organizations that are open to accession by any post-Soviet countries, such as the Commonwealth of Independent States and the Eurasian Economic Union. An economic union means the deepest stage of economic integration.
The Common Economic Space is the goal and the result of the process of economic integration of post-Soviet states envisaged by the Article 7 of the Agreement on the creation the Commonwealth of Independent States signed on 8 December 1991. According to Article 7, the High Contracting Parties indicate that through common coordinating institutions, their joint activities will consist in coordinating foreign policy activities, cooperation in the formation and development of a common economic space, common European and Eurasian markets, in the field of customs policy, in the development of transport and communication systems, cooperation in the field of environmental protection, migration policy and the fight against organized crime.
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