Eurasian Economic Union: Difference between revisions

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{{Short description|Economic union of countries in Eurasia}}{{see|Eurasian economic integration|Common Economic Space of the Commonwealth of Independent States}}
{{Good article}}
{{Use British English|date=July 2013}}
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{{Quote box|align=left|width=350px|quote=It took Europe 40 years to move from the European Coal and Steel Community to the full European Union. The establishment of the Customs Union and the Common Economic Space is proceeding at a much faster pace because we could draw on the experience of the EU and other regional associations. We see their strengths and weaknesses. And this is our obvious advantage since it means we are in a position to avoid mistakes and unnecessary bureaucratic superstructures.|source='''— Vladimir Putin, "A new integration project for Eurasia: The future in the making"''', Izvestia, 3 October 2011<ref>{{cite web|last1=Vladimir|first1=Putin|title=A new integration project for Eurasia: The future in the making|url=http://www.europarl.europa.eu/meetdocs/2009_2014/documents/d-ru/dv/dru_2013_0320_06_/dru_2013_0320_06_en.pdf|website=European Parliament website|access-date=17 March 2017|date=4 October 2011}}</ref> }}
 
[[Uzbekistan]] has been hesitant to join the Economic Union, with Uzbek officials making opposing claims on the prospect of integration.<ref>{{Cite news|url = http://www.themoscowtimes.com/business/article/top-uzbek-officials-make-opposing-claims-on-customs-union/489561.html|title = Top Uzbek Officials Make Opposing Claims on Customs Union|date = 14 November 2014|access-date = 31 August 2014|website = The Moscow Times|archive-date = 17 October 2014|archive-url = https://web.archive.org/web/20141017110548/http://www.themoscowtimes.com/business/article/top-uzbek-officials-make-opposing-claims-on-customs-union/489561.html|url-status = dead}}</ref><ref>{{Cite news|url = http://en.ria.ru/world/20131113/184685113/Uzbek-Official-Pours-Cold-Water-on-Customs-Union-Membership.html|title = Uzbek Official Pours Cold Water on Customs Union Membership|last = Babushkin|first = Alexey|date = 13 November 2013|access-date = 31 August 2014|publisher = [[RIA Novosti]]}}</ref> Originally, the country preferred not to pursue economic and political integration.<ref>{{Cite news|url = https://www.opendemocracy.net/od-russia/simon-schmidt/uzbekistan-prefers-regime-security-over-economic-integration|title = Uzbekistan prefers regime security over economic integration|last = Schmidt|first = Simon|date = 1 July 2014|access-date = 31 August 2014|publisher = Open Democracy}}</ref><ref>{{cite news|url = http://www.armenianweekly.com/2014/08/21/armenia-eeu-social-economic-assessment-2/|title = Armenia and the EEU: A Social and Economic Assessment|last = Torikian|first = Aren|date = 21 August 2014|access-date = 31 August 2014|newspaper = The Armenian Weekly|quote = Azerbaijan has also withdrawn any interest in the deal, as have Uzbekistan and Turkmenistan.}}</ref><ref>{{Cite news|url = http://www.thewashingtonreview.org/articles/russias-policy-of-integration-in-central-asia.html|title = Russia's Policy of Integration in Central Asia|last = B. Assanbayev|first = Mukhit|date = October 2013|access-date = 31 August 2014|publisher = The Washington Review of Turkish and Eurasian Affairs|quote = Since Uzbekistan has no interest in joining the integration projects with Russia, Tajikistan's participation in the Customs Union remains a question.|archive-date = 3 September 2014|archive-url = https://web.archive.org/web/20140903085306/http://www.thewashingtonreview.org/articles/russias-policy-of-integration-in-central-asia.html|url-status = dead}}</ref> Russian officials have stated that integration with the country would be slow and analysts state that as Russian influence and trade increases in Kyrgyzstan and Tajikistan it may persuade Uzbekistan to join in the future.<ref>{{Cite news|url = http://iwpr.net/report-news/kyrgyzstan-gets-soft-terms-customs-union-entry|title = Kyrgyzstan Gets Soft Terms for Customs Union Entry|last = Dyatlenko|first = Pavel|date = 6 June 2014|access-date = 31 August 2014|publisher = Institute for War and Peace Reporting|archive-date = 3 September 2014|archive-url = https://web.archive.org/web/20140903092324/http://iwpr.net/report-news/kyrgyzstan-gets-soft-terms-customs-union-entry}}</ref> Uzbekistan began its integration process when Russia announced it would write off US$865 million off debt owed by the country. Uzbekistan joined the [[Commonwealth of Independent States Free Trade Area]] in 2014, meaning it has free trade with EAEU member states.<ref>{{cite news|title=Post-Soviet integration processes to benefit Moscow–Tashkent relations – Putin|url=http://itar-tass.com/en/economy/766223|access-date=30 December 2014|publisher=Tass|date=10 December 2014|quote=Russia will start talks with Uzbekistan on a free trade zone between the post-Soviet trade bloc and the Central Asian republic, Putin said on Wednesday.}}</ref><ref>{{cite news|title=Russia Cozies Up to Uzbekistan With $865 Million Debt Write-Off|url=http://www.themoscowtimes.com/business/article/russia-cozies-up-to-uzbekistan-with-865-million-debt-write-off/513096.html|access-date=30 December 2014|newspaper=The Moscow Times|date=10 December 2014|archive-date=28 December 2014|archive-url=https://web.archive.org/web/20141228225231/http://www.themoscowtimes.com/business/article/russia-cozies-up-to-uzbekistan-with-865-million-debt-write-off/513096.html|url-status=dead}}</ref><ref>[http://www.azernews.az/region/65752.html Uzbekistan joins CIS free trade zone], azernews.az. Retrieved 23 June 2016.</ref> According to some sources, Uzbekistan does not intend to become a full member of the EAEU,<ref>{{cite news|title=Mirzieev svernul s dorogi v EAES|url=https://vesti.uz/mirzieev-svernul-s-dorogi-v-eaes/|access-date=25 January 2020|publisher=Vesti.uz|date=27 January 2020}}</ref> due to Uzbekistan's neutrality which is enshrined in the country's legislation. In March 2020, Uzbekistan announced that it wished to become a Eurasian Union observer state.<ref name=UzbekistanMarch2020>{{cite web|url=https://www.rferl.org/a/uzbekistan-observer-of-russia-led-trade-bloc/30474675.html|title=Uzbekistan Says It Will Be 'Observer' Of Russia-Led Trade Bloc|date=2020-03-07|access-date=2020-03-07|publisher=[[Radio Free Europe/Radio Liberty]]}}</ref> In September 2023, Uzbekistan estimated that it will join EAEU in 2–3 years.<ref>{{cite web |date=Sep 4, 2023 |title=Uzbekistan Moving Closer To Joining The Eurasian Economic Union |url=https://www.silkroadbriefing.com/news/2023/09/04/uzbekistan-moving-closer-to-joining-the-eurasian-economic-union/ |archive-url=https://web.archive.org/web/20230925221603/https://www.silkroadbriefing.com/news/2023/09/04/uzbekistan-moving-closer-to-joining-the-eurasian-economic-union/ |archive-date=Sep 25, 2023}}</ref> In October 2024, the chair of a parliamentary commission examining the potential for Uzbekistan to join the EAEU as a full member stated that "our conclusion is that Uzbekistan is best served by maintaining its observer status."<ref>{{citeweb|url=https://kun.uz/en/news/2024/10/18/akmal-saidov-uzbekistan-will-not-join-military-alliances-or-allow-foreign-bases-on-its-territory|title=Akmal Saidov: Uzbekistan will not join military alliances or allow foreign bases on its territory|date=2024-10-18|accessdate=2024-10-19|publisher=Kun.uz}}</ref>
 
[[Moldova]], [[Ukraine]] and [[Georgia (country)|Georgia]] have been offered by both the [[European Union]] and the Eurasian Economic Union to join their integration unions. All three countries signed Association Agreements with the EU on 21 March 2014.<ref>{{Cite web|url = http://europa.eu/rapid/press-release_MEMO-14-430_en.htm|title = The EU's Association Agreements with Georgia, the Republic of Moldova and Ukraine|date = 23 June 2014|access-date = 30 August 2014|website = Official website of the European Union}}</ref> However, break-away regions of Moldova ([[Transnistria]]),<ref>{{cite web|title=Russian Deputy Foreign Minister pleas for Transnistria's integration in Customs Union|url=http://actmedia.eu/daily/russian-deputy-foreign-minister-pleas-for-transnistria-s-integration-in-customs-union/52593|access-date=8 July 2014}}</ref> Ukraine ([[Donetsk People's Republic|Donetsk]] and [[Luhansk People's Republic|Luhansk]]){{citation needed|date=May 2023}} and Georgia ([[South Ossetia]] and [[Abkhazia]]){{citation needed|date=May 2023}} have expressed a desire to join the Eurasian Customs Union and integrate into the Eurasian Economic Union. Association Agreements with the EU are exclusionary to EAEU observer status, as in 2017 Moldova became the EAEU's first observer state and has attended EAEU forums in years since.
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</timeline>
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|style="text-align:center; font-size:70%;"|Top-4 largest economies (China, the US, India, Russia) in the world by [[Purchasing power parity|PPP]] GDP in 2023<br />according to the [[World Bank]], the members of the Eurasian Economic Union as well as<br />[[Tajikistan]] and [[Uzbekistan]] that are forming a [[Common Economic Space of the Commonwealth of Independent States|common market within the CIS]] (EAEU+2).<ref>https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?most_recent_value_desc=true</ref>
|}[[File:GDP PPP 2021 Selection.svg|270px|thumb|Selection of GDP PPP data (top 10 countries and [[Trade bloc|blocs]]) in no particular order]]
 
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The 2015 EAEU-Vietnam Free Trade Agreement & Economic Integration Agreement covers trade in goods and trade in services.<ref name="rtais.wto.org"/><ref name="economy.gov.ru"/>
 
The [[Armenia–EU Comprehensive and Enhanced Partnership Agreement]] was signed by Armenia and all [[EU member states]] on 24 November 2017.<ref>{{Cite web|url=http://www.consilium.europa.eu/en/documents-publications/treaties-agreements/agreement/?id=2017024|title=Agreement - Consilium|accessdate=25 February 2024}}</ref> The World Trade Organization classifies this agreement as an agreement on trade in services.<ref>https://rtais.wto.org/UI/PublicShowMemberRTAIDCard.aspx?rtaid=849</ref>
 
Russia has concluded 82 agreements on mutual protection of investments and investment promotion, including agreements with Cambodia, Iran, Morocco and the State of Palestine, which were signed after 1 January 2015. 65 agreements have entered into force.<ref>{{Cite web |title=Перечень соглашений между Правительством Российской Федерации и правительствами иностранных государств о поощрении и взаимной защите капиталовложений |url=https://economy.gov.ru/material/departments/d11/investicionnye_soglasheniya/perechen_soglasheniy_mezhdu_pravitelstvom_rf_i_pravitelstvami_inostrannyh_gosudarstv_o_pooshchrenii_i_vzaimnoy_zashchite_kapitalovlozheniy/|archive-url=https://web.archive.org/web/20210526192630/https://economy.gov.ru/material/departments/d11/investicionnye_soglasheniya/perechen_soglasheniy_mezhdu_pravitelstvom_rf_i_pravitelstvami_inostrannyh_gosudarstv_o_pooshchrenii_i_vzaimnoy_zashchite_kapitalovlozheniy/ |archive-date=26 May 2021 }}</ref>
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The Ambassador of the United Arab Emirates in Moscow said that the UAE is striving for a free trade agreement by the end of 2023 with the EAEU to include provisions on trade in services and investment.<ref>{{Cite web|url=https://news.ru/world/oae-rasschityvayut-do-konca-goda-dogovoritsya-o-svobodnoj-torgovle-s-eaes/|title=ОАЭ рассчитывают до конца года договориться о свободной торговле с ЕАЭС - NEWS.ru — 13.06.23|accessdate=25 February 2024}}</ref>
 
On 22 August 2024, Belarus and China signed an agreement on trade in services and investment. Belarus is the first EAEU country with which China has concluded such an agreement.<ref>https://www.sb.by/articles/belarus-i-kitay-podpisali-soglashenie-o-torgovle-uslugami-i-osushchestvlenii-investitsiy.html</ref><ref>https://belta.by/society/view/belarus-i-kitaj-podpisali-soglashenie-o-torgovle-uslugami-i-osuschestvlenii-investitsij-656061-2024/</ref>
 
=== Unilateral preferences for economic assistance ===
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Railways transport goods from China to the European Union through Kazakhstan and Russia. The country has pushed for the construction of more railway lines to connect [[Berlin]] to east China to reduce shipping time. It proposed major high-speed railway lines going towards Europe via Russia and Kazakhstan and another through the Middle East via [[Tajikistan]], a potential future member for the union.<ref>{{cite web|title=China Establishing New Silk Roads|date=8 July 2014 |url=http://www.voanews.com/content/china-establishing-new-silk-roads/1953455.html|access-date=7 August 2014}}</ref><ref>{{cite web|title=China considers high-speed 'silk railroad' to Europe|date=7 August 2014|url=http://www.nce.co.uk/china-considers-high-speed-silk-railroad-to-europe/8667079.article|access-date=7 August 2014}}</ref> China has signed numerous energy deals with Russia and Kazakhstan, as it tries to move from [[coal]] to less pollutant alternatives.<ref>{{cite magazine|url = https://thediplomat.com/2014/07/central-asias-energy-rush/|title = Central Asia's Energy Rush: The region's major powers are in a tussle to control its rich energy sources|last = Romanowski|first = Michał|date = 3 July 2014|access-date = 30 August 2014|magazine = The Diplomat}}</ref><ref>{{cite news|url = http://uk.reuters.com/article/uk-kazakhstan-china-deals-idUKBRE98608520130907|archive-url = https://web.archive.org/web/20170130032214/http://uk.reuters.com/article/uk-kazakhstan-china-deals-idUKBRE98608520130907|url-status = dead|archive-date = 30 January 2017|title = China, Kazakhstan to ink deals worth $30 billion on Saturday|last = Zhumatov|first = Shamil|date = 7 September 2013|access-date = 30 August 2014|work = Reuters|location = Astana, Kazakhstan}}</ref>
 
Iran has sought to diversify its economy as well, seeing the EAEU and China as key economic partners. Relations between Russia and Iran have increased as both countries are under U.S. sanctions and are seeking new trade partners. in 2014 the two countries signed a historic US$20 billion energy deal.<ref>{{cite web|title=Vladimir Putin signs historic $20bn oil deal with Iran to bypass Western sanctions|date=6 August 2014 |url=https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11014604/Vladimir-Putin-signs-historic-20bn-oil-deal-with-Iran-to-bypass-Western-sanctions.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11014604/Vladimir-Putin-signs-historic-20bn-oil-deal-with-Iran-to-bypass-Western-sanctions.html |archive-date=12 January 2022 |url-access=subscription |url-status=live|access-date=7 August 2014}}{{cbignore}}</ref><ref>{{cite web|title=Russia and Iran strike oil agreement|website=[[CNBC]]|date=6 August 2014|url=https://www.cnbc.com/id2014/101899870#08/06/russia-and-iran-strike-oil-for-food-agreement.html|access-date=7 August 2014}}</ref> A free trade agreement between Iran and the Eurasian Economic Union came into force on 27 October 2019.<ref>{{Cite web|url=http://www.tehrantimes.com/news/441768/Trade-agreement-with-EAEU-officially-declared-to-Iranian-customs|title=Trade agreement with EAEU officially declared to Iranian customs|date=2019-11-08|website=Tehran Times|language=en|access-date=2019-12-26}}</ref>
 
Kazakhstan seeks to enhance its ties with Turkey, a key player in the region. In July 2014, Turkey announced closer economic ties with the EAEU, including a possible free trade agreement in the near future.<ref>{{cite web|title=Turkey Proposes Free Trade Zone with Eurasian Union|date=21 July 2014 |url=http://asbarez.com/125154/turkey-proposes-free-trade-zone-with-eurasian-union/|access-date=7 August 2014}}</ref>