Information about Eurasian Economic Community

Евразийское экономическое сообществ? Eurasian Economic Community
Members • Observers
Headquarters (and largest city)
Membership		6 states
Leaders
-	Secretary General	Grigory Rapota
Establishment
-	Signed	10 October 2000
-	Effective	31 May 2001
2

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. The members have also all agreed that EurAsEC should be merged with the Central Asian Cooperation Organization (CACO).

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. This was confirmed in August 2006 [1] and in October 2007 it was announced that a customs union would be formed by Russia, Belarus, and Kazakhstan by 2011 with other members being able to join later. [2]

Membership

• Member states:
•  Belarus (2001)
•  Kazakhstan (2001)
•  Kyrgyzstan (2001)
•  Russia (2001)
•  Tajikistan (2001)
•  Uzbekistan (2006)
• Observers:
•  Armenia (2003)
•  Moldova (2002)
•  Ukraine (2002)

In May 2002, Moldova and Ukraine were granted observer status within EurAsEC; however, Ukraine subsequently revealed its desire not to become a full member state. Armenia received observer status in April 2003.

Uzbekistan applied for membership in October 2005 [3] when the process of merging the Central Asian Cooperation Organization and the Eurasian Economic Community began. The organizations 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).

Aims

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

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

Comparison with other regional blocs

Most active regional blocs
as of 2004

Regional bloc1	Area (km)	Population	GDP (PPP) ($US)		Member states1
			in millions	per capita
Agadir	1,703,910	126,066,286	513,674	4,075	4
AU	29,797,500	897,548,804	1,515,000	1,896	53
ASEAN	4,400,000	553,900,000	2,172,000	4,044	10
CACM	422,614	37,816,598	159,536	4,219	5
CARICOM	462,344	14,565,083	64,219	4,409	(14+1)3
CCASG / GCC	2,285,844	35,869,438	536,223	14,949	6
CEFTA	298,148	28,929,682	222,041	7,675	(7+1)3
EU	4,325,675	496,198,605	12,025,415	24,235	27
EurAsEC	20,789,100	208,067,618	1,689,137	8,118	6
EFTA	529,600	12,233,467	471,547	38,546	4
GUAM	810,506	63,764,600	456,173	7,154	4
NAFTA	21,588,638	430,495,039	15,279,000	35,491	3
PARTA	528,151	7,810,905	23,074	2,954	(14+2)3
SAARC	5,136,740	1,467,255,669	4,074,031	2,777	8
Unasur / Unasul	17,339,153	370,158,470	2,868,430	7,749	12
UN and countries for reference2	Area (km)	Population	GDP (PPP) ($US)		Units4
			in millions	per capita
UN	133,178,011	6,411,682,270	55,167,630	8,604	192
Brazil	8,514,877	188,078,261	1,594,482	9,108	27
Canada	9,984,670	32,507,874	1,165,000	35,200	13
India	3,287,590	1,102,600,000	4,042,000	3,700	35
Japan	377,873	128,085,000	4,220,000	33,100	47
PR China5	9,596,960	1,306,847,624	10,000,000	7,600	33
Russia	17,075,200	143,782,338	1,723,000	12,100	89
USA	9,631,418	300,000,000	12,980,000	43,500	50
Source: CIA World Factbook 2005, IMF WEO Database. Legend      smallest value among the blocs compared     largest value among the blocs compared Footnotes 1 Including data only for full and most active members. 2 Including the largest five countries by area, population and GDP (PPP), but not #4 in population or #5 in GDP (PPP). 3 Including non-sovereign autonomous areas of other states. 4 Members or administrative divisions. 5 Data for the People's Republic of China does not include Hong Kong, Macau, or regions administered    by the Republic of China (Taiwan). This box:  •  • [ edit]

See also

• Central Asian Cooperation Organisation (CACO)
• Collective Security Treaty Organisation (CSTO)
• Regional organisations in the Post-Soviet space
• List of trade blocs

External links

• Foundation Agreement of EAEC