Eurasian Economic Community

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Евразийское экономическое сообщество
Eurasian Economic Community
Image:EURASEC-Flag.png
Flag of EurAsEC
Image:EurasecMap.png
██ member state ██ observer status
Headquarters Moscow
Secretary General Grigory Rapota
Formation
- Signed
- Effective

- 10 October 2000
- 31 May 2001

The Eurasian Economic Community (EurAsEC or EAEC) was put into motion on 10 October 2000 when Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the treaty. EurAsEC was formally created when the treaty was finally ratified by all five member states in May 2001.

EurAsEC grew out of the CIS Customs Union. All the members of EurAsEC are also members of the older Commonwealth of Independent States and the relationship between the two organisations is ambiguous. The members have also all agreed that EurAsEC should be merged with the Central Asian Cooperation Organization (CACO).

With the revival of EurAsEC in 2005 there is a possibility for the Common Economic Space agenda to be implemented in its framework with or without the participation of Ukraine. This was confirmed in August 2006 [1] - initially a customs union, it will consist of Belarus, Russia and Kazakhstan, with the other EurAsEC members joining later.

Contents

[edit] Membership

In May 2002, Moldova and Ukraine were granted observer status within EurAsEC; however, Ukraine subsequently declared its desire not to become a full member state. Armenia received observer status in April 2003.

Uzbekistan applied for membership in October 2005 [2] when the process of merging the Central Asian Cooperation Organization and the Eurasian Economic Community began. The organizations joined on 25 January 2006. It is not clear what will happen to the status of current CACO observers that are not observers to EurAsEC (Georgia and Turkey).

[edit] Aims

Image:EEC St Petersburg 2006.jpg
A 2005 EurAsEC meeting in Russia

The aims of EurAsEC include:

  • Full-scale customs union and common market.
  • Harmonisation of customs tariffs.
  • Development of common guidelines on border security.
  • Establishment of the general rules of trade in goods and in services and of their access to the domestic markets.
  • The introduction of the standardised currency exchange regulation and of currency control.
  • Development and the implementation of the joint programmes of social and economic development.
  • Creation of equal conditions for production and entrepreneurial activity.
  • The formation of the common market for transport services and united transport system.
  • The formation of general energy market.
  • Equal rights for citizens of participating states to obtain medical aid.
  • Equal rights for citizens of participating states to enter into higher education.
  • Rapprochement and the harmonisation of national legislation.

[edit] Institutional framework

  • Intergovernmental Council
  • Secretariat
  • Commission of the Permanent Representatives
  • Interstate parliamentary Assembly
  • Law Court of the Association
  • Integration Committee

[edit] Comparison with other regional blocs

Most active regional blocs
Regional
bloc 1
Area (km²) Population GDP (PPP) ($US) Member
states 1
in millions per capita
EU* 3,977,487 460,124,266 11,723,816 25,480 25
CARICOM 462,344 14,565,083 64,219 4,409 14+1 3
ECOWAS 5,112,903 251,646,263 342,519 1,361 15
CEMAC 3,020,142 34,970,529 85,136 2,435 6
EAC 1,763,777 97,865,428 104,239 1,065 3
CSN 17,339,153 370,158,470 2,868,430 7,749 10
GCC 2,285,844 35,869,438 536,223 14,949 6
SACU 2,693,418 51,055,878 541,433 10,605 5
COMESA 3,779,427 118,950,321 141,962 1,193 5
NAFTA 21,588,638 430,495,039 12,889,900 29,942 3
ASEAN 4,400,000 553,900,000 2,172,000 4,044 10
SAARC 5,136,740 1,467,255,669 4,074,031 2,777 8
Agadir 1,703,910 126,066,286 513,674 4,075 4
EurAsEC 20,789,100 208,067,618 1,689,137 8,118 6
CACM 422,614 37,816,598 159,536 4,219 5
PARTA 528,151 7,810,905 23,074 2,954 12+2 3
Reference
blocs and
countries 2
Area (km²) Population GDP (PPP) ($US) Political
divisions
in millions per capita
UN 133,178,011 6,411,682,270 55,167,630 8,604 192
Canada 9,984,670 32,507,874 1,077,000 34,273 13
China (PRC) 4 9,596,960 1,306,847,624 8,182,000 6,300 33
India 3,287,590 1,102,600,000 3,433,000 3,100 35
Japan 377,835 127,333,002 3,910,728 30,615 47
Russia 17,075,200 143,782,338 1,589,000 8,900 89
USA 9,631,418 296,900,571 11,190,000 39,100 50
1 Including data only for full and most active members

2 The first two states in the World by area, population and GDP (PPP)
3 Including non-sovereign autonomous entities of other states
4 Data for the People's Republic of China does not include Hong Kong, Macau and
regions administered by the Republic of China (Taiwan).

* Although the European Union is not a federation in the strict sense, it is far more
than a free-trade association or an ordinary regional bloc, and it has many of the
attributes associated with independent nations: its own flag, anthem, central bank,
currency, elected parliament, supreme court and common foreign and security policy.
</center> ██ smallest value among the blocs compared ██ largest value among the blocs compared

During 2004. Source: CIA World Factbook 2005, IMF WEO Database
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[edit] See also

az:Avrasiya İqtisadi Qrupu

de:Eurasische Wirtschaftsgemeinschaft fr:Communauté économique eurasienne ko:유라시아 경제 공동체 pl:Euroazjatycka Wspólnota Gospodarcza ru:Евразийское экономическое сообщество tr:Avrasya Ekonomi Topluluğu uk:ЄврАзЕС

Eurasian Economic Community

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