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.

The Subject “Eurasian Economic Union (EAEU)” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: Islamic Business, European Business, World Trade.

Courses: Orthodoxy and Business.

Languages: (or Unión Económica Euroasiática Union économique eurasiatique União Econômica da Eurásia).

Credits of the Subject “Eurasian Economic Union”: 1

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 organization formed by Muslim and Orthodox countries (Europe).

The Eurasian Economic Union is an inter-civilization institution (Islamic and Orthodox Civilization).

Russian Federation: Russian Economy, Ports of Russia, Vladimir Potanin, Helena Baturina, Alexander Lebedev, Leo Tolstoy...

Silk Road (China-Europe).

1. Almaty-Bishkek Corridor;
2. Bangladesh-Myanmar Corridor;
3. China-Central-West Asia Corridor;
4. Europe-Caucasus-Asia Corridor;
5. Trans-Siberian Railway (Russia, North Korea);
6. Kyrgyzstan-Iran Corridor;
7. China-Russia Corridor;
8. North-South Corridor (India-Russia);
9. Corridor of the Ashgabat Agreement;
10. China-Pakistan Corridor;
11. Trans-Caspian Corridor;
12. Pan-European Corridor IX (Finland-Greece);
13. Pan-European Corridor II (Russia-Germany).

(c) EENI Global Business School (1995-2023)
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