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Eurasian Economic Integration: Facts and Figures EURASIAN ECONOMIC INTEGRATION: FACTS AND FIGURES LIBRARY OF EURASIAN INTEGRATION 1H 2016 Eurasian Economic Commission Contents Introduction ............................................................................................................................ 2 Development of the Eurasian Integration: 1994—2016 ...................................................... 4 Timeline of Events ................................................................................................................ 10 The Member States of the Eurasian Economic Union. Position in the world ................. 12 From the Customs Union to the Eurasian Union ............................................................. 20 Institutions of Eurasian Economic Integration .................................................................. 32 Management Bodies of the Eurasian Economic Union ................................................... 34 Activity areas of the Eurasian Economic Commission ................................................... 38 Decision Making Process in Eurasian Economic Union ................................................. 50 Interaction of the EEC with Business Community of the Member States of the Eurasian Economic Union ........................................................................................ 56 Eurasian Integration as а Part of Global Economy .......................................................... 60 Integration Segment of Economies of the EAEU Member States .................................. 70 Contact Information of the Eurasian Economic Commission ......................................... 75 1 1H 2016 Eurasian Economic Commission Eurasian Economic Integration: Facts and Figures Introduction Dear colleagues, unique opportunity to participate in the medical products, in 2019 - a common management of the EAEU on an equal market of electric power, to conduct a In 2016, the Eurasian Economic Union footing. Since then, the Commission, large-scale preparation for the start of (EAEU), an integration association of together with the Governments and the common markets of gas, oil and oil five partner countries - Armenia, leading business structures of first products, to address other global Belarus, Kazakhstan, Kyrgyzstan and three and then five countries, have challenges for the benefit of the citizens Russia, celebrates its 1st year of made a lot of work in a number of of our states. establishment. sectors of economy - in trade, technical regulation, customs administration, The strategic success of our countries The Treaty signed by the Heads of the fiscal and competition policy, etc. can be achieved only with the Union’s States on May 29, 2014 in Astana lies in efficient operation. I would like to the basis of the EAEU. The Union was Within the Union, a market is being emphasise that the Commission’s the next stage of development of the created with a population of more than activity has no political component. It is Eurasian economic integration. The idea 180 million people living mainly under aimed at improving regulatory systems, was suggested by the President of common transparent rules, with a reduction administrative barriers for Kazakhstan Nursultan Nazarbayev back common system of technical regulation more reducing development of the in 1994. The first step involved the and common customs and tariff Union countries’ economies. For this the establishment of the Customs Union, regulations. We took on the formation of purpose, the EEC maintains a consistent which has grown into the Common a common market with the dialogue with national business Economic Space. implementation of our basic principles: communities with regard to all major the free movement of goods, services, challenges, as it is business that is the Today, the Union is a recognized capitals and labour. A common market major beneficiary of the Eurasian economic integration association of services began its operation. Plans economic integration. The Commission having international legal personality. on the establishment of agreed ensures that the decision-making Almost 40 countries have formally transport, industrial and agroindustrial process is transparent and clear. That is expressed their desire to develop trade policies are being implemented. Much why, all regulatory instruments adopted and economic cooperation with the has been done directly for the citizens of by the EEC are discussed with business EAEU, creating free trade areas. the Union - in the field of migration communities. Expansion of trade and economic ties policy, within the framework should give the impetus for establishing of common labour market. For the stable development of the strengthening the role of the Eurasian economies of the Member States, Economic Union in the world. The EAEU One of the main tasks of the Eurasian extension of cooperative collaboration has all the prerequisites to become one Economic Commission is to create, with of the Union countries’ business is of the key elements of the modern the help of management solutions, an extremely important. The countries of global economic architecture. infrastructure of integration that is the EAEU face the task to integrate their stable of fluctuations and changes of industrial capacities to produce The Eurasian integration makes the economic environment and, ultimately, co-product and enter the markets of domestic market more transparent and contribution to raising the living third countries. clear for businessmen and investors, standards of the population of the Union thus contributing to its further countries. You’re holding a brochure that gives an expansion. Development of economic overview of the Eurasian economic integration in the backdrop of slowing This year, the new Board of the EEC took integration, its structure, goals, global economic growth could become up its duties. It is a big honor for me to objectives and prospects for a major drive for the diversification and head the Commission. This is a serious development. I hope that this economic development in the member responsibility. I and my colleagues - publication will be useful for all states. Ministers of the EEC, many of whom stakeholders. have experience in forming of the This is the fifth year of functioning of the Commission Board, will face serious Tigran Sargsyan Eurasian Economic Commission (EEC) and ambitious plans for deepening the - the EAEU permanent regulatory body. integration. This year, we plan to launch Chairman of the Board of the Eurasian In the EEC, the Union countries have a common markets of medicines and Economic Commission 2 3 1H 2016 Eurasian Economic Commission Eurasian Economic Integration: Facts and Figures Development of the Eurasian Integration: 1994—2016 2007 Just a year later, in October 2007, the Treaty on the Establishment of the Single Customs Territory and Formation of the Customs Union was signed. In a his- torically short period, the countries managed to create From February 1, 2016, new members of the Board of when the leader of the Republic of Kazakhstan Nur- a primary integration infrastructure and identify ways to the Eurasian Economic Commission (EEC) chaired by sultan Nazarbayev proposed creation on the Eurasian co-develop the Member States. the representative of the Republic of Armenia Tigran space of a really working union of states integrated Sargsyan started their work. Most of the members with economic relationships. Further acceleration of the integration processes was of the Board exercised their powers in the previous greatly due to the global economic crisis of 2008. It four-year cycle of the EEC operation, which ensured forced the states to seek new formats of cooperation a high level of continuity in the Commission. The 1995 for sustainable economic growth and new ways to decision that the former Prime Minister of Armenia Ti- In early 1995, the Republic of Kazakhstan, the The Agreement on Formation of the Common Economic minimize economic risks and also contributed to the gran Sargsyan would head the Board of the EEC was Republic of Belarus and the Russian Federation Space convergence of economic policies. All this resulted made in October 2015 at the session of the Supreme signed the Agreement on the Customs Union aimed in the acceleration of the “launch” of the Customs Eurasian Economic Council by the Presidents of the at removing obstacles to free economic interaction Union. five countries of the Eurasian Economic Union (EAEU) between economic entities of the parties, as well as in the Kazakh village Burabay. Taking into account ensuring free trade and fair competition. The Cus- the four-year practice of the Commission, as well as toms Union of the 1990s failed to really operate for a 2010 spheres of regulations within the competence of the number of reasons. However, the experience ob- The Customs Union of the Republic of Belarus, the EEC currently and in the mid-term, the heads of the tained was indispensable to develop further effective Republic of Kazakhstan and the Russian Federation EAEU Member States changed the number of the strategy for a phased convergence of neighbouring 1998 began its work in January 2010 and just a year and Board members. Now, the EAEU Member States are countries, which are best prepared for integration. a half after, in July 2011, it started to operate at its full represented by ten Members of the Board — Minis- In 1998, the Republic of Tajikistan joined the Treaty. capacity: the customs territories of three states were ters, including the Chairman
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