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Eurasian Economic Community

Flag of EurAsEC
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Flag of EurAsEC

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.

Having common borders with the rest of the community is a prerequisite for full 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.

Recent developments in Ukraine and Moldova during 2004 and 2005 are demonstrating that these countries currently don't want full membership in the organisation.

Uzbekistan applied for membership in October 2005 [1] when the process of merging of Central Asian Cooperation Organization (CACO) and the Eurasian Economic Community began. It 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).

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.

The current Secretary General of EurAsEC is Grigory Rapota.

Contents

Members

Map of EurAsEC. ██ member state ██ observer status
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Map of EurAsEC.

██ member state

██ observer status

Aims

A 2005 EEC meeting in Russia
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A 2005 EEC 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.

Institutional framework

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

Comparision with other regional blocs

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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 8,604 191
India 3,287,590 1,102,600,000 3,433,000 3,100 35
China 9,596,960 1,306,847,624 7,249,000 5,200 33
USA 9,631,418 296,900,571 11,190,000 39,100 50
Canada 9,984,670 32,507,874 958,700 29,800 13
Russia 17,075,200 143,782,338 1,282,000 8,900 89
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

██ smallest value among the blocs compared

██ largest value among the blocs compared

During 2004. Source: CIA World Factbook 2005, IMF WEO Database

See also

External links

The content of this page is retrieved from http://en.wikipedia.org/wiki/Eurasian_Economic_Community under GFDL