EURASIAN ECONOMIC INTEGRATION: FACTS AND FIGURES

torically short period, the countries managed to create a primary .... Signing the Treaty on the Eurasian Economic Union ...... and declaration, including electronic.
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EURASIAN ECONOMIC INTEGRATION: FACTS AND FIGURES LIBRARY OF EURASIAN INTEGRATION

1H 2016

Eurasian Economic Commission

Contents Introduction ............................................................................................................................

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Development of the Eurasian Integration: 1994—2016 ......................................................

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Timeline of Events ................................................................................................................

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The Member States of the Eurasian Economic Union. Position in the world .................

12

From the Customs Union to the Eurasian Union .............................................................

20

Institutions of Eurasian Economic Integration ..................................................................

32

Management Bodies of the Eurasian Economic Union ...................................................

34

Activity areas of the Eurasian Economic Commission ...................................................

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Decision Making Process in Eurasian Economic Union .................................................

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Interaction of the EEC with Business Community of the Member States of the Eurasian Economic Union ........................................................................................

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Eurasian Integration as а Part of Global Economy ..........................................................

60

Integration Segment of Economies of the EAEU Member States ..................................

70

Contact Information of the Eurasian Economic Commission .........................................

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1H 2016

Eurasian Economic Integration: Facts and Figures

Eurasian Economic Commission

Introduction

Dear colleagues, In 2016, the Eurasian Economic Union (EAEU), an integration association of five partner countries - Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, celebrates its 1st year of establishment. The Treaty signed by the Heads of the States on May 29, 2014 in Astana lies in the basis of the EAEU. The Union was the next stage of development of the Eurasian economic integration. The idea was suggested by the President of Kazakhstan Nursultan Nazarbayev back in 1994. The first step involved the establishment of the Customs Union, which has grown into the Common Economic Space. Today, the Union is a recognized economic integration association having international legal personality. Almost 40 countries have formally expressed their desire to develop trade and economic cooperation with the EAEU, creating free trade areas. Expansion of trade and economic ties should give the impetus for strengthening the role of the Eurasian Economic Union in the world. The EAEU has all the prerequisites to become one of the key elements of the modern global economic architecture. The Eurasian integration makes the domestic market more transparent and clear for businessmen and investors, thus contributing to its further expansion. Development of economic integration in the backdrop of slowing global economic growth could become a major drive for the diversification and economic development in the member states. This is the fifth year of functioning of the Eurasian Economic Commission (EEC) - the EAEU permanent regulatory body. In the EEC, the Union countries have a

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unique opportunity to participate in the management of the EAEU on an equal footing. Since then, the Commission, together with the Governments and leading business structures of first three and then five countries, have made a lot of work in a number of sectors of economy - in trade, technical reg