home Medicines from A to Z EEU: decoding of the abbreviation, structure, history of creation and list of participating countries. What is a customs union, its significance Governing bodies of the EAEU

EEU: decoding of the abbreviation, structure, history of creation and list of participating countries. What is a customs union, its significance Governing bodies of the EAEU

Every year the world moves further along the path of globalization and integration. Ties within economic and political unions are becoming stronger, and new interstate associations are emerging. One of such organizations is the Eurasian Economic Union (EAEU). Let's learn more about the work of this regional association.

The essence of the EAEU

What is the Eurasian Economic Union? This international association, aimed at the economic integration of a number of countries located in Europe and Asia. Currently, it includes only a number of states of the former Soviet Union, but this does not mean that theoretically the EAEU cannot expand beyond the borders of the previously existing USSR.

It should be noted that members of the Eurasian economic union expand cooperation among themselves not only economically, but also politically and culturally.

Organizational goals

The main goal that the Eurasian Economic Union sets for itself is to deepen economic interaction between its member countries. This is expressed in local tasks, such as stimulating trade circulation between countries, removing customs and tax restrictions on trade, developing cooperation and developing common economic projects. The result of deepening cooperation should be the growth of the economies of the participating countries and an increase in the living standards of their citizens.

The main tool for achieving the strategic goal is to ensure free trade, which is expressed in the unimpeded movement of goods, capital, labor and other resources within the borders of the EAEU.

Background of creation

Let's find out how such an organization as the Eurasian Economic Union was formed.

The beginning of the reintegration of states in the open spaces former USSR marked the creation of the CIS. The agreement on the formation of this entity was signed in December 1991 between the heads of the RSFSR, Belarus and Ukraine. Later, until 1994 inclusive, all Soviet republics, except the Baltic countries, joined it. True, Turkmenistan takes part in the organization as an association; the Ukrainian parliament has never ratified the agreement, therefore, although the country is a founder and participant in the association, it is not legally a member, and Georgia left the CIS in 2008.

At the same time, during their work, the Commonwealth institutions have shown their low efficiency. The decisions of the CIS bodies were actually not binding on its members and were often not implemented, and the economic effect of cooperation was minimal. This has forced the governments of some countries in the region to think about creating more effective systems of interaction.

The President of Kazakhstan made a statement about the need to create a closer union than the CIS, which would imply systemic integration of the economies of the participating countries, as well as a common defense policy. By analogy with European Union he named a hypothetical organization Eurasian Union. As we can see, the name stuck and was used in the future to create a new economic structure.

The next step on the path of mutual integration was the signing in 1996 of the Agreement on Deepening Integration between the leaders of Russia, Kazakhstan, Belarus, Kyrgyzstan and Kazakhstan. Its action covered both economic and humanitarian spheres.

EurAsEC is the predecessor of the EAEU

In 2001, the integration aspirations of the above countries, as well as Tajikistan, which joined them, were expressed in the creation of a full-fledged international organization - the Eurasian Economic Community. In 2006, Uzbekistan became a member of the EurAsEC, but only after two years it suspended its participation in the organization. Ukraine, Moldova and Armenia received observer status.

The purpose of this organization was to deepen economic cooperation in the region, as well as to implement some tasks that the CIS could not cope with. It was a natural continuation of the integration processes that were launched by the 1996 agreement, and the Eurasian Economic Union was the result of common efforts.

Organization of the Customs Union

One of the main tasks of the EurAsEC was the organization of the Customs Union. It provided for a single customs territory. That is, within the borders of this interstate association, customs duties were not levied when moving goods.

The agreement on the formation of the Customs Union between representatives of Kazakhstan, Russia and Belarus was signed back in 2007. But before the organization could begin to fully function, each of the participating countries had to make appropriate changes to their domestic legislation.

TS began its activities in January 2010. First of all, this was expressed in the formation of identical customs tariffs. The Unified Customs Code came into effect in July. It served as the foundation on which the entire TS system rests. This is how it was formed Customs Code The Eurasian Economic Union, which is still in effect today.

In 2011, a common customs territory began to function, which meant the abolition of all customs restrictions between the CU countries.

During 2014-2015, Kyrgyzstan and Armenia also joined the Customs Union. Representatives of the authorities of Tunisia and Syria expressed their desire for their countries to join the CU organization in the future.

The Customs Union and the Eurasian Economic Union are, in fact, components of the same regional integration process.

Education of the EAEU

The Eurasian Economic Union is the final result of the integration aspirations of a number of countries of the former Soviet Union. The decision to create this organization was made at the summit of the heads EurAsEC members back in 2010. Since 2012, the Common Economic Space began to function, on the basis of which the formation of the EAEU was planned.

In May 2014, an agreement was agreed between the heads of Kazakhstan, Russia and Belarus on the creation of this organization. In fact, it came into force at the beginning of 2015. Due to this fact, the EurAsEC was liquidated.

Participating countries

Initially, the founding countries of the EurAsEC organization were the states that were most interested in economic integration in the region. These are Kazakhstan, Belarus and Russia. Later they were joined by Armenia and Kyrgyzstan.

Thus, currently the member states of the Eurasian Economic Union are represented by five countries.

Extension

The United Eurasian Economic Union is not a structure with fixed borders. Hypothetically, any country that meets the requirements of the organization can become its member. Thus, in January 2015, Armenia became a member of the union, and in August Kyrgyzstan joined the organization.

The most likely candidate to join the community is Tajikistan. This country cooperates closely with the EAEU states within the framework of other regional organizations and does not remain aloof from integration processes. Tajikistan is a member of the CIS, an organization collective defense The CSTO was at one time a full member of the EurAsEC community, which ceased to exist after the EAEU began functioning. In 2014, the President of Tajikistan announced the need to study the possibility of the country joining the EAEU.

In 2012-2013, negotiations were held on the possible future entry into the organization of Ukraine, since regional cooperation without this country, according to experts, could not give the maximum effect. But the political elite of the state was committed to integration in the European direction. After the overthrow of the Yanukovych government in 2014, the possibility of Ukraine joining the EAEU can only be realistic in the long term.

Controls

Members of the Eurasian Economic Union formed the governing bodies of this international organization.

The Supreme Eurasian Economic Council is the governing body of the EAEU at the highest level. It includes heads that represent the states of the Eurasian Economic Union. This body resolves all the most important strategic issues. He holds a meeting once a year. Decisions are made exclusively unanimously. The countries of the Eurasian Economic Union are obliged to comply with all decisions of the Supreme Council of the EAEU.

Naturally, a body that meets once a year cannot fully ensure the constant functioning of the entire organization. For these purposes, a commission of the Eurasian Economic Union (Eurasian Economic Commission) was created. The tasks of this structure include the preparation and implementation of specific integration measures, which are provided for by the general development strategy developed by the Supreme Council. On this moment The commission employs 1,071 people who have received the status of international employees.

The executive body of the commission is the Collegium. It consists of fourteen people. In fact, each of them is an analogue of ministers in national governments and is responsible for a specific area of activity: economy, energy, customs cooperation, trade, etc.

Economic interaction

The main goal creation of the EAEU is to deepen economic integration between the countries of the region. Therefore, it is not surprising that economics comes first in the organization’s tasks.

Within the boundaries of the organization, the Customs Code of the Eurasian Economic Union, adopted back in 2010, before the start of the functioning of the EAEU, is in force. It provides for the free movement of goods without customs control in the territory of all countries of the organization.

Application economic instruments, provided for by the EAEU development concept, is intended to reduce the cost of goods that cross the border due to the absence of a customs margin on them; increase competition, which should cause an increase in product quality; bring tax law in all countries to a single denominator; increase the GDP of the organization’s members and the welfare of their citizens.

Criticism

At the same time, there are many critical reviews of the work of the EAEU among economic analysts. Moreover, they exist both among ardent opponents of the existence of such an organization, and among its moderate supporters.

Thus, the fact that the project was actually launched before all the nuances of its mechanisms had been worked out and agreements had been reached on the prospects of the EAEU has been criticized. It is also noted that in fact the union is not so much pursuing economic goals, as much as it is political, but in economic terms it is not beneficial for all its members, including Russia.

Prospects

At the same time, the prospects for the EAEU with making the right choice the economic course and coordination of actions between the participants look quite good. A significant economic effect is noticeable even under the conditions of sanctions imposed on Russia by Western countries. In the future, it is planned that the effect of participation in the EAEU will be expressed in a 25 percent increase in GDP for all its participants.

In addition, there is a possibility of further expansion of the organization. Many countries of the world are interested in cooperation with the EAEU without joining the union. For example, a free trade zone will soon begin to operate between the community and Vietnam. Interest in establishing similar relationships The governments of Iran, China, India, Egypt, Pakistan and a number of other states also expressed their views.

Subtotals

It is still too early to talk about how successful the implementation of the EAEU has been, because the organization has been functioning for just over a year. At the same time, certain intermediate results can be drawn right now.

It is a great achievement that the organization actually works and is not a structure created just for show. This is especially significant in the context of international economic sanctions against the country, which, in fact, is the cementing basis of the union - Russia.

At the same time, despite many positive aspects, it should be noted that the EAEU does not function as clearly as those who saw the future of this organization only in rosy colors would like. There are many disagreements both at the level of senior management of the participating countries and in terms of agreeing on small details, which leads to a decrease in the effectiveness of the economic return of this project as a whole.

But let’s hope that the shortcomings will be resolved over time, and the EAEU will turn into a clear mechanism that works effectively for the benefit of all its members.

In Astana (Kazakhstan) by the presidents of Russia, Belarus and Kazakhstan. Came into force on January 1, 2015.

: Armenia (since January 2, 2015), Belarus, Kazakhstan, Kyrgyzstan (since August 12, 2015) and Russia.

The population of the EAEU countries as of January 1, 2016 was 182.7 million people (2.5% of the world population). The gross domestic product in the EAEU countries in 2014 amounted to $2.2 trillion (3.2% in the structure of world GDP). Volume industrial production reached $1.3 trillion (3.7% of global industrial production). The volume of foreign trade in goods of the EAEU with third countries in 2014 amounted to $877.6 billion (3.7% of world exports, 2.3% of world imports).

The Eurasian Economic Union was created on the basis of the Customs Union of Russia, Kazakhstan and Belarus and the United economic space as an international organization for regional economic integration with international legal personality.

Within the framework of the Union, freedom of movement of goods, services, capital and labor is ensured, the conduct of coordinated, coordinated or common policy in key sectors of the economy.

The idea of creating the EAEU was laid down in the Declaration on Eurasian Economic Integration adopted by the presidents of Russia, Belarus and Kazakhstan on November 18, 2011. It sets out the goals of Eurasian economic integration for the future, including the declared task of creating the Eurasian Economic Union by January 1, 2015.

The creation of the EAEU means a transition to the next stage of integration after the Customs Union and the Common Economic Space.

The main goals of the Union are:

— creating conditions for the stable development of the economies of the member states in the interests of improving the living standards of their population;

— the desire to form a single market for goods, services, capital and labor resources within the Union;

— comprehensive modernization, cooperation and increasing the competitiveness of national economies in the global economy.

The highest body of the EAEU is the Supreme Eurasian Economic Council (SEEC), which includes the heads of member states. The SEEC considers fundamental issues of the Union's activities, determines the strategy, directions and prospects for the development of integration and makes decisions aimed at realizing the goals of the Union.

Meetings of the Supreme Council are held at least once a year. To resolve urgent issues of the Union's activities, extraordinary meetings of the Supreme Council may be convened at the initiative of any of the member states or the chairman of the Supreme Council.

The implementation and control over the execution of the EAEU Treaty, international treaties within the Union and decisions of the Supreme Council is ensured by the Intergovernmental Council (IGC), consisting of the heads of government of the member states. Meetings of the Intergovernmental Council are held as necessary, but at least twice a year.

The Eurasian Economic Commission (EEC) is a permanent supranational regulatory body of the Union with headquarters in Moscow. The main tasks of the Commission are to ensure conditions for the functioning and development of the Union, as well as to develop proposals in the field of economic integration within the Union.

The Union Court is a judicial body of the Union that ensures the application by member states and bodies of the Union of the Treaty on the EAEU and other international treaties within the Union.

The chairmanship of the SEEC, EMU and the EEC Council (the level of vice-premiers) is carried out on a rotational basis in the order of the Russian alphabet by one member state during one calendar year without the right of extension.

In 2016, Kazakhstan presides over these bodies.

The Eurasian Economic Union is an international organization of regional economic integration with international legal personality and created for the purpose of comprehensive modernization, cooperation and increasing the competitiveness of national economies and creating conditions for stable development in the interests of increasing the living standards of the population of the member states. The EAEU ensures freedom of movement of goods, services, capital and labor, as well as the implementation of a coordinated, coordinated or unified policy in sectors of the economy.

The Eurasian Economic Union is the successor to the Eurasian Economic Council, which operated from 2001 to 2014. In October 2014, the heads of state discussed the results of 14 years of work of the EurAsEC and came to the conclusion that the format of this union had justified itself, but had exhausted itself. The Interstate Council of the EurAsEC adopted the Agreement “On the termination of the activities of the Eurasian Economic Community.” On May 29, 2014, an agreement on the creation of the Eurasian Economic Union was signed in Astana. The document will come into force on January 1, 2015. In October 2014, Armenia joined the EAEU, and on December 23, President of Kyrgyzstan Almazbek Atambaev signed the Treaty of Accession of the Kyrgyz Republic to the Eurasian Union. In order to become a full member of the EAEU, the country needed time to bring its infrastructure to common standards. On May 8, 2015, Kyrgyzstan officially joined the Eurasian Economic Union. A protocol on this was signed in Moscow at a meeting of the Supreme Eurasian Economic Council by the heads of the member countries of the union.

The current member states of the Eurasian Economic Union are: the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Russian Federation and Kyrgyzstan.

The macroeconomic effect from the integration of Russia, Belarus and Kazakhstan and Kyrgyzstan into the EAEU is created due to:

Reduced prices for goods due to reduced costs of transporting raw materials or exporting finished products.
Stimulating “healthy” competition in the common market of the EAEU through an equal level of economic development.
Increasing competition in the common market of member countries due to the entry of new countries into the market.
Increase in average wages, thanks to reduced costs and increased productivity.
Increasing production due to increased demand for goods.
Increasing the well-being of the people of the EAEU countries, thanks to lower food prices and increased employment.
Increasing the return on investment of new technologies and products due to increased market volume.

Supreme Eurasian Economic Council– the highest body of the Union, which includes the Presidents of the Union member states. It meets at least once a year and the decisions taken by the Council are binding in all member states.

Eurasian Intergovernmental Economic Council– a body composed of the heads of government of member states. Meets at least twice a year.

Eurasian Economic Commission is a permanent supranational regulatory body of the Union, which is formed by the Council of the Commission and the Board of the Commission. The main tasks of the Commission are to ensure conditions for the functioning and development of the Union, as well as to develop proposals in the field of economic integration within the Union.

Union Court– the judicial body of the Union, ensuring the application by member states and bodies of the Union of the Treaty on the EAEU and other international treaties within the Union.

Most important tasks The EAEU is accelerating the technological development of industrial complexes of the EAEU countries, import substitution of industrial goods in the common market of the union and increasing exports of manufacturing products.

Activities:

Currently, the participating countries are discussing the experience of creating national networks of industrial cooperation and subcontracting, the functioning of exchanges and regional centers of industrial outsourcing as effective tools for searching and interaction of industrial partners in the EAEU states.

The issue of the formation and functioning of Eurasian technological platforms as an effective tool for implementing industrial cooperation within the Union is being considered. They will be created on the basis of public-private partnership. To date, seven pilot Eurasian technology platforms have already been formed (“Supercomputers”, “Medicine of the Future”, “LEDs”, “Photonics”, “Light Industry”, “Technologies of the food and processing industry of the agro-industrial complex” and “Bioenergy”). With the help of these platforms, the internal market of the EAEU will not only be filled, but the export of its products to third countries will also develop.

The Eurasian Economic Union (EAEU) is currently the main integration project in the post-Soviet space of the Commonwealth of Independent States. The EAEU is “an international organization for regional economic integration, possessing international legal personality and established by the Treaty on the Eurasian Economic Union” (EAEU. Official website).

The Agreement “On the Eurasian Economic Union” was signed on May 29, 2014 in Astana (Kazakhstan) and entered into force on January 1, 2015. The EAEU ensures freedom of movement of goods, services, capital and labor, as well as the implementation of a coordinated, coordinated or unified policy in sectors of the economy. The fundamental principles of the EAEU were created for the purpose of comprehensive modernization, cooperation and increasing the competitiveness of the national economies of the member countries and creating conditions for stable development in the interests of improving the living standards of the population of the member states.

As of July 1, 2015, members of the EAEU are the Kyrgyz Republic, the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, and the Russian Federation.

EAEU governing bodies:

The Supreme Eurasian Economic Council is the highest body of the Union, which includes the presidents of the Union member states;
The Eurasian Intergovernmental Economic Council is a body composed of heads of government of member states;
The Eurasian Economic Commission is a permanent supranational regulatory body of the Union, which is formed by the Council of the Commission and the Board of the Commission. The main objectives of the Commission are to ensure conditions for the functioning and development of the Union, as well as to develop proposals in the field of economic integration within the Union;
The Court of the Union is the judicial body of the Union, ensuring the application by member states and bodies of the Union of the Treaty on the EAEU and other international treaties within the Union.

Key milestones in the development of the EAEU

1994– in Moscow the idea (N.A. Nazarbayev) of forming the Eurasian Union of States was first voiced; In the presented integration project, the name Eurasian Union was used for the first time.

1995– the Agreement on the Customs Union was signed in Moscow (by the governments of the Republic of Belarus and Russian Federation, on the one hand, and the government of the Republic of Kazakhstan, on the other hand), aimed at “further development of balanced and mutually beneficial relations” between the parties, namely, at eliminating obstacles to free economic interaction between economic entities of the parties, ensuring free exchange of goods and fair competition and ultimately guaranteeing the sustainable development of national economies.

1996– an Agreement on deepening integration in the economic and humanitarian fields was signed in Moscow (by the presidents of the Kyrgyz Republic, the Republic of Belarus, the Republic of Kazakhstan, the Russian Federation).

1999– the Agreement on the Customs Union and the Common Economic Space was signed in Moscow (by the presidents of the Kyrgyz Republic, the Republic of Belarus, the Republic of Kazakhstan, the Republic of Tajikistan and the Russian Federation).

2000– the Eurasian Economic Community (EurAsEC) was established in Astana (by the presidents of the Kyrgyz Republic, the Republic of Belarus, the Republic of Kazakhstan, the Republic of Tajikistan and the Russian Federation) in order to effectively promote the process of forming the Customs Union and the Common Economic Space.

2003– in Yalta, an Agreement was signed on the formation of a Common Economic Space (by the presidents of the Republic of Belarus, the Republic of Kazakhstan, the Russian Federation and Ukraine), ensuring the free movement of goods, services and labor.

2007– in Dushanbe, an Agreement was signed on the creation of a single customs territory and the formation of the Customs Union of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation, which sets the goal of “ensuring the free movement of goods in mutual trade and favorable terms of trade of the Customs Union with third countries, as well as the development of economic integration of the parties."

2010– the Customs Union of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation began to function: the Unified Customs Tariff was introduced, customs clearance and customs control at internal borders were abolished, unimpeded movement of goods was ensured on the territory of the three states; 17 basic international treaties were adopted, creating the basis for the beginning of the functioning of the Common Economic Space; The Declaration on the formation of the Common Economic Space of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation (by the presidents of the three countries) was signed in order to ensure harmonious, complementary and mutually beneficial cooperation with other countries, international economic associations and the European Union with the goal of creating a common economic space.

2011– the Declaration on Eurasian Economic Integration was signed (by the presidents of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation), which declared the transition “to the next stage of integration construction - the Common Economic Space (SES)”, based “on the principles of compliance with generally accepted norms international law, including respect for the sovereignty and equality of states, the affirmation of fundamental human rights and freedoms, the rule of law and a market economy"; a decision was made “On the entry into force of international treaties forming the Common Economic Space of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation”, which determined the entry into force of the agreements forming the Common Economic Space from January 1, 2012.

2012– entry into force of international treaties that form the legal basis for the Common Economic Space of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation, creating the basis for the free movement of not only goods, but also services, capital and labor; the beginning of the work of the Eurasian Economic Commission with headquarters in Moscow.

2014– signing of the Treaty on the Eurasian Economic Union (EAEU) (by the presidents of the CU and SES member states), the Treaty on the accession of the Republic of Armenia to the EAEU, the Treaty on the accession of the Kyrgyz Republic to the EAEU.

2015– entry into force of the Treaty on the Eurasian Economic Union (EAEU).

International associations make it possible to develop the economies of participating countries, expand markets and obtain other benefits for all interested parties. These and other goals became the reason for the creation of the Customs Union (according to new version EAEU, transcript - Eurasian Economic Union) in 1995. Today, its permanent participants are 5 states that have adopted general rules for the import and export of products across their borders and comply with a number of conditions of signed international agreements.

What is the correct EAEU decoding and abbreviation?

Very often you can find incorrect abbreviations: “EAS”, “EurAsEC”, “UES”.

The correct reduction is indicated in the documents of one of the main governing bodies of the union of the Eurasian Economic Commission - “EAEU”, and there are no other options.

The old name “Customs Union” ceased to exist on January 1, 2015, along with the signing of the agreement on the creation of the Eurasian Economic Union, but is very often used in everyday life and information sources.

Besides the Commission the structure of the EAEU includes also the Supreme Eurasian Economic Council, whose members are the presidents of the member countries of the union. Heads of government are members of another governing body - the Eurasian Intergovernmental Economic Council. To ensure compliance with the requirements of international treaties, the Court of the Union functions.

EAEU countries: list for 2019, who is included in

The history of the founding of the EAEU began with the unification of 3 states. Now the composition has expanded and not only due to regular participants. Work is also underway to expand the economic space, and other states are showing interest in it. Countries that are part of the EAEU:

Russian Federation;
Republic of Belarus;
Republic of Armenia;
The Republic of Kazakhstan;
Republic of Kyrgyzstan.

Since 2018, Moldova has received the status of an observer state. Agreements and memorandums, including temporary ones, were signed with China, Cuba, Vietnam, and Iran on a free trade zone. Negotiations are ongoing about cooperation with several other countries around the world. These steps will expand opportunities for the economies of the EAEU member states as a whole and simplify activities for private business and the public sector. For example, certificates of conformity for products in accordance with the technical regulations of the Customs Union (EAEU) do not need to be obtained in each participating country. These documents are recognized in all states from the list above.

Technical regulation and certification

Eurasian Economic Community (EurAsEC) - international economic organization, created for the Parties to effectively promote the process of forming the Customs Union and the Common Economic Space, as well as the implementation of other goals and objectives related to deepening integration in the economic and humanitarian fields.

The organization was created in full accordance with the principles of the UN and the norms of international law and has international legal personality. This is a clearly structured system with a rigid mechanism for making and implementing decisions.

Community and its officials enjoy the privileges and immunities necessary to perform the functions and achieve the goals provided for by the treaty establishing the EurAsEC and the treaties in force in the Community.

In 2003, the Eurasian Economic Community received observer status in the UN General Assembly.

Treaty on the Establishment of the EurAsEC was signed on October 10, 2000 in Astana and entered into force on May 30, 2001 after its ratification by all member states.

Five states have been members of the Eurasian Economic Community since its formation - Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.

On January 25, 2006, a protocol on accession to the organization of Uzbekistan was signed. In October 2008, Uzbekistan suspended participation in the work of EurAsEC bodies.

Since May 2002, observer status at the EurAsEC has Ukraine and Moldova, since January 2003 - Armenia. They also have Interstate Aviation Committee (IAC), Eurasian Development Bank (EDB).

EurAsEC - open organization. Any state that accepts the obligations arising from the Treaty on the Establishment of the EurAsEC and other treaties of the Community according to the list determined by the decision of the Interstate Council of the EurAsEC can become its member.

Observer status with the EurAsEC may be granted to a state or an international interstate (intergovernmental) organization upon request. An observer has the right to attend open meetings of EurAsEC bodies, to get acquainted with documents and decisions taken by EurAsEC bodies, but does not have the right to vote when making decisions and the right to sign documents of EurAsEC bodies.

The EurAsEC was created with the aim of developing economic interaction, trade, effectively promoting the process of forming the Customs Union and the Common Economic Space, coordinating the actions of the Community states when integrating into the world economy and the international trading system.

One of the main vectors of the organization’s activities is ensuring the dynamic development of members of the Community by coordinating socio-economic transformations with effective use their economic potential in the interests of improving the living standards of peoples.

Main objectives of the Community:

completion of the full registration of the free trade regime, the formation of a common customs tariff and a unified system of non-tariff regulation measures;
ensuring freedom of capital movement;
formation of a common financial market;
agreement on the principles and conditions for the transition to a single currency within the EurAsEC;
establishment general rules trade in goods and services and their access to domestic markets;
creation of a common unified system of customs regulation;
development and implementation of interstate target programs;
Creation equal conditions for production and business activities;
formation of a common market for transport services and a unified transport system;
formation of a common energy market;
creation of equal conditions for access of foreign investments to the markets of the Community states;
ensuring free movement of citizens of EurAsEC states within the Community;
harmonization of social policy with the aim of forming a community of social states, providing for a common labor market, a common educational space, coordinated approaches to addressing issues of healthcare, labor migration, etc.;
convergence and harmonization of national legislations; ensuring interaction of the legal systems of the EurAsEC states with the aim of creating a common legal space within the Community.

In accordance with the statutory goals and objectives of the Community and guided by the principle of multi-speed integration, Belarus, Kazakhstan and Russia created in 2007-2010

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