Online Master: Central Eurasian Economic Area

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Syllabus of the Online Course (Subject): Central Eurasian Economic Area of the Islamic Civilisation.

  1. Introduction to the Central Eurasian Economic Area as a part of the Islamic Civilisation
  2. Islam as the unifying factor of the Central Eurasian Economic Area
  3. Economic Profile of Central Eurasian Countries
  4. Business People of the Central Eurasian Economic Area
  5. Interactions of the Central Eurasian Economic Area with other civilisation's economic areas
  6. Economic Institutions related to Central Eurasian Economic Area

The objectives of the Online Course / Subject “Central Eurasian Economic Area” are the following:

  1. To define the economic characteristics of the Economic Area of Eurasia Central
  2. To understand the influence of Islam on the Central Eurasian Economic Area
  3. To know the economic profile of the countries of Central Eurasia
  4. To understand the economic integration process in Central Eurasian Economic Area
  5. To analyse the main Business People in Central Eurasia
  6. To explore the economic relationships with others economic areas of different civilisations
  7. To analyse the economic institutions related to Central Eurasian Economic Area
The eLearning Course (Subject) “Central Eurasian Economic Area” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Doctorates: Religions and Business, Islamic Countries, Europe, Foreign Trade
  2. Masters: International Business, Foreign Trade, Muslim Countries, Asia, Economic Relations, Emerging Markets
  3. Bachelor in International Trade
  4. Courses: Eastern Europe, Central Eurasia

Download the syllabus of the Online Course / Subject “Central Eurasian Economic Area” (PDF)

Languages of study:Master in International Business in English or Study, Master in International Business in French Espace économique de l’Eurasie centrale Study Master Doctorate Business in Spanish Espacio Eurasia Masters Foreign Trade in Portuguese Eurásia

  1. Credits of the Online Course / Subject “Central Eurasian Economic Area”: 2 ECTS Credits
  2. Duration: two weeks

Eurasian Economic Union (Online Master)





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Description of the Online Course: Central Eurasian Economic Area

The Central Eurasian Economic Area consists of eleven countries: Afghanistan, Azerbaijan, Albania, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, Turkey, and Uzbekistan.

Doing Business in Central EurAsia (Online Course)

Furthermore, Bangladesh and the Maldives are included because of their growing economic integration in the region.

  1. Islam is the main religion in Central Eurasian Economic Area
  2. There are Orthodox Christian minorities
  3. This economic area covers European and Asian Countries
  4. The largest economies are Turkey, Iran, and Pakistan. These three countries are trying to be the Central State
  5. All the Central Eurasian Countries were former colonies (The Soviet Union, the United Kingdom)
  6. Pakistan was part of India until the partition (1947)

The main business people in Central Eurasian Economic Area are Muhammad Yunus, Mian Muhammad Mansha, Salman F Rahman, Dewan Yousuf Farooqui, Muhammad Abdul Mannan.

  1. The case of Iran:
    1. Bonyads
    2.  Islamic Revolutionary Guard

integration in the Islamic Economic Area of Central Eurasia.

  1. Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan are part of the Eurasian Economic Community (EurAsEC) (with Russia and Belarus)
  2. Kazakhstan and Kyrgyzstan belong to the Eurasian Economic Union (EEU) (with Armenia, Belarus, and Russia). The EEU has a Free Trade Agreement with Azerbaijan
  3. Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan, and Uzbekistan are part of the Economic Cooperation Organisation (ECO)
  4. Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan are a members of the Commonwealth of Independent States (CIS) (with Armenia, Russia, Belarus, Moldova, and Ukraine)
  5. Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan are a members of the Shanghai Cooperation Organisation (SCO) (with Russia and China)
  6. Bangladesh, Iran, the Maldives, and Pakistan are a members of the Asian Clearing Union (ACU) (with Bhutan, India, Myanmar, Nepal, and Sri Lanka)
  7. Afghanistan, Bangladesh, the Maldives, and Pakistan are a members of the South Asian Association for Regional Cooperation (SAARC) (with Bhutan, India, Nepal, and Sri Lanka. Iran is an observer country) and the SAARC Preferential Trade Arrangement (SAPTA)
  8. Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan are a members of the Central Asia Regional Economic Cooperation (CAREC) Programme (with China and Mongolia)
  9. Bangladesh and the Maldives are a members of the South Asia Subregional Economic Cooperation (SASEC) (with Bhutan, India, Nepal, and Sri Lanka)
  10. Azerbaijan, Kazakhstan, Kyrgyzstan, and Turkey are part of the Cooperation Council of Turkic Speaking States (Turkic Council)
  11. Afghanistan, Kyrgyzstan, Pakistan, and Tajikistan belongs to Regional Electricity Market Central Asia - South Asia
  12. Pakistan has trade agreements with Iran and Bangladesh and has signed an Agreement on Economic Cooperation with Kyrgyzstan
  13. Kyrgyzstan has trade agreements with Kazakhstan and Uzbekistan

All Eurasian Muslim Countries are part of the Trade Preferential System of the Organisation of Islamic Cooperation (OIC-TPS)

  1. The Eurasian countries that have signed the Framework Agreement + PRETAS + Rules of Origin are Bangladesh, Pakistan, and Turkey
  2. Only Iran has signed the Framework Agreement + PRETAS
  3. The Maldives has signed only the Framework Agreement of the Trade Preferential System
  4. Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan do not yet benefit from the Trade Preferential System of the OIC.

Trade Agreements and economic Institutions covering all the economic areas of the Islamic Civilisation.

  1. Trade Agreements and Economic Institutions
    1. No country in the region is a member of the Arab League, and therefore no are a members of the Greater Arab Free-Trade Area
    2. Turkey belongs to the Euro-Mediterranean Partnership
    3. Bangladesh and Iran are a members of the Indian-Ocean Rim Association (IORA) (with others African and the Asian Countries)
  2. Free Trade Agreements (FTA) between Muslim Countries:
    1. Turkey has a Free Trade Agreements with Morocco, Tunisia, Egypt, Jordan, Lebanon, Palestine, Albania, and Syria
    2. Iran has a Free Trade Agreements (FTA) with Algeria and Syria

Economic Organisations related to Central Eurasian Economic Area.

All the countries with Muslim majorities of Central Eurasia are members of

  1. Organisation of Islamic Cooperation (OIC) and therefore its affiliated institutions
    1. Islamic Centre for Development of Trade
    2. Committee for Economic and Commercial Cooperation
    3. Islamic Chamber of Commerce and Industry
    4. Statistical, Economic and Social Research and Training Centre
  2. Islamic Development Bank
  3. Asian Development Bank (ADB)
  4. Economic and Social Commission for Asia and the Pacific (ESCAP)
  5. Colombo Plan
  6. Africa-Asia Strategic Partnership
  7. Bangladesh, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan are a members of the Boao Forum for Asia (BOAO)
  8. Afghanistan, Bangladesh, Iran, Iraq, Kazakhstan, Kyrgyzstan, the Maldives, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan are a members of the Asia-Middle East Dialogue (AMED)
  9. Bangladesh, Iran, Kazakhstan, Pakistan, Tajikistan, and Uzbekistan are a members of the Asia Cooperation Dialogue (ACD)

All the countries in the region are beneficiaries of the Arab Development Funds.

Interactions of the Central Eurasian Economic Area of the Islamic Civilisation with the Western Civilisation

  1. With the European Economic Area
    1. The European Union
      1. Turkey has a Customs Union with the European Union
      2. Afghanistan and Bangladesh are a members of the Generalised System of Preferences. Pakistan and Turkmenistan are beneficiaries of the SGP+
      3. Armenia is a member of the relations European Union-South Caucasus and the European Neighbourhood Policy
      4. Azerbaijan, Bangladesh, and Pakistan are beneficiaries of the European Investment Bank
      5. Armenia, Azerbaijan are partners of the Eastern Partnership of the EU
    2. Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Turkmenistan, and Uzbekistan are a members of the Economic Commission for Europe (UNECE)
    3. Turkey has a free trade agreement with the European Free Trade Association (EFTA)
  2. With the American Economic Area
    1. Latin American
      1. Pakistan has a draft free trade agreement with the MERCOSUR.
      2. Iran has a free trade agreement with Venezuela
      3. Turkey has a trade agreement with Chile

Interactions of the Central Eurasian Economic Area of the Islamic Civilisation with the African Civilisation

  1. All the countries of Central Eurasia are part of the Africa-Turkey Partnership
  2. Pakistan has a Preferential Trade Area with Mauritius

Interactions of the Central Eurasian Economic Area of the Islamic Civilisation with Hindu Civilisation

  1. India has a Free Trade Agreements (FTA) with Pakistan and the Maldives
  2. Bangladesh has an agreement with Nepal

Interactions of the Central Eurasian Economic Area of the Islamic Civilisation with the Orthodox Civilisation

  1. Iran has a Free Trade Agreement with Armenia
  2. Azerbaijan:
    1. Has Free Trade Agreements with Georgia, Russia, and Ukraine
    2. It is a member of the Free Trade Agreement with Georgia, Ukraine, and Moldova
    3. It is a member of the Regional Organisation for Democracy and Economic Development (GUAM) (Georgia, Moldova, and Ukraine. Turkey is an observer country)
  3. Azerbaijan and Turkey are a members of the Black Sea Economic Cooperation (BSEC) (Albania, Armenia, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, and Ukraine) and the Black Sea Synergy (Armenia, Georgia, Moldova, Russia, and Ukraine)
  4. Kyrgyzstan has trade agreements with Armenia, Moldova, Russia, and Ukraine
  5. Tajikistan has Free Trade Agreements with Armenia and Ukraine
  6. Turkmenistan has Free Trade Agreements with Armenia, Georgia, and Ukraine
  7. Turkey has Free Trade Agreements with Macedonia, Bosnia and Herzegovina, and Georgia

Interactions of the Central Eurasian Economic Area of the Islamic Civilisation with the Buddhist Civilisation

  1. Pakistan has a free trade agreement with Sri Lanka
  2. Bangladesh has an agreement with Sri Lanka

Interactions of the Central Eurasian Economic Area of the Islamic Civilisation with the Sinic Civilisation.

  1. Pakistan has a Free Trade Agreement with China

Inter-civilisation Agreements of the Central Eurasian Economic Area.

  1. Pakistan has an agreement with the ASEAN
  2. Bangladesh is a member of
    1. South Asian Association for Regional Cooperation (SAARC) (India, Myanmar, Sri Lanka, Thailand, Bhutan, and Nepal)
    2. Asia-Pacific Trade Agreement (APTA) (China, India, Korea, Laos, Sri Lanka, and Mongolia)
  3. Azerbaijan, Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan are a members of the Organisation for Security and Cooperation in Europe (OSCE)
  4. Turkey has a free trade agreement with Israel

Samples - Eurasia

Cooperation Council of Turkic Speaking States

Islamic Revolutionary Guard (Iran)

Course: Doing Business in Kyrgyzstan

Dewan Yousuf Farooqui Pakistani Businessman (Course)

Course: Doing Business in Turkey

Baku Business

Salman F Rahman Bangladeshi Businessman (Course)

Muhammad Yunus Bangladeshi Businessman (Course)

Mauritius-Pakistan Preferential Trade Area (e-Course)

Course: Doing Business in the Maldives

Tajik Aluminium Company

Central Asia Economic Cooperation

Koç Holding Turkey

  1. Economic Integration of the Islamic Civilisation
  2. Interactions of the Islamic Civilisation with other civilisations

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