Eurasian Economic Union

The purposes of the subject of “Eurasian Economic Union (EAEU)” are the following:

1. To understand the goals and the areas of cooperation of the Eurasian Economic Union (EAEU)
2. To know the economic profile of the Eurasian region
3. To assess the benefits for the member countries (free movement, customs union) of the Eurasian Economic Union (EAEU)
4. To know the Free Trade Agreements of the Eurasian Economic Union

Description: Eurasian Economic Union (EAEU).

The Eurasian Economic Union (EEU) is an Eurasian economic bloc of integration formed by Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, and Russia.

1. Observer countries: Cuba, Moldova, Uzbekistan
2. Belarus, Kazakhstan, Kyrgyzstan, and Russia was a members of the dissolved Eurasian Economic Community (EurAsEC).

The main objective of the Eurasian Economic Union (EAEU) is to achieve the free movement of products, services, labour, and capital between the member countries.

The Eurasian Economic Commission is the regulatory agency of the Eurasian Economic Union.

Economic profile of the Eurasian region:

1. Population of the Eurasian Economic Union: 182 million people (2.5% of the world's population)
2. Economically active population: 93 million people (2.8% of the World)
3. Unemployment rate: 5,3%
4. 60% of the population has Internet access
5. Total GDP: 2,411.2 billion USD (3.2% of the World's GDP)
6. Industrial production in the Eurasian Economic Union Region: 3,7% of the global industrial production
7. Foreign trade: 3,7% of global exports and 2,3% of global imports
8. Petroleum production: The first region in the World (14.6% of the global petroleum production)
9. Petroleum production: The second in the World (18.4% of the world's petroleum production)
10. Power generation: The fourth in the World (5.1% of the global power generation)
11. Steel production: The fifth in the World (4.5 of the global steel production)
12. Mineral fertilizers production: The second in the World (4.5% of the total production)
13. Cast iron production: The third in the World
14. Agriculture: 5.5% of the global production
15. Milk: 7% of the global production (The third in the World)
16. FTA with China (Trade and economic cooperation agreement) - Negotiations

Religion. The Eurasian Economic Union (EAEU) is an organisation formed by Muslim and Orthodox countries (Europe)

The Eurasian Economic Union is an inter-civilisation institution (Islamic and Orthodox Civilisation)

Russian Trade Agreements: APEC, ASEAN, Shanghai Cooperation Organisation, Commonwealth of Independent States, European Union, Andean Community, BRICS Countries, Black Sea Economic Cooperation...

Russian Federation: Russian Economy, Ports of Russia, Payment system, Investment (FDI) in Russia, Vladimir Potanin, Helena Baturina, Alexander Lebedev, Leo Tolstoy...

Eurasian Land Transport Initiative (Silk Road, China-Europe)

1. Almaty-Bishkek Economic Corridor
2. Bangladesh-China-India-Myanmar Economic Corridor
3. China-Central Asia-West Asia Economic Corridor
4. Transport Corridor Europe-Caucasus-Asia (TRACECA)
5. Trans-Siberian Railway (Russia, Mongolia, China, North Korea)
6. Kyrgyzstan-Tajikistan-Afghanistan-Iran Transport Corridor (KTAI-ECO)
7. China-Mongolia-Russia Economic Corridor
8. International North-South Transport Corridor (India-Russia)
9. International Transport and Transit Corridor of the Ashgabat Agreement
10. China-Pakistan Economic Corridor
11. Trans-Caspian Trade and Transit Corridor (Central Corridor)
12. Pan-European Corridor IX (Finland-Russia-Greece)
13. Pan-European Corridor II (Russia-Belarus-Poland-Germany)

(c) EENI Global Business School (1995-2021)
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