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Eurasian Economic Union ( EAEU) |
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Eurasian Economic Union ( EAEU)Eurasian Economic Union is an international organization for regional economic integration with international legal personality and created by the Eurasian Economic Union Treaty. EEU ensures free movement of goods, services, capital and labor as well as pursuit of coordinated, harmonized or unified sectoral policies. The member states of the Eurasian Economic Union are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, Kyrgyzstan Republic and the Russian Federation. The EEU is created to facilitate comprehensive upgrading, cooperation and increasing competitiveness of national economies and create conditions for sustainable development for improving standards of living of its member states’ populations. EEU Customs UnionThe EEU Customs Union is a form of commercial and economic integration providing for its unified customs territory free trade in goods within which is not subject customs duties and economic restrictions other than special protection, anti-dumping and compensation measures. In this case, the Customs Union member countries use harmonized customs tariffs and other measures governing commerce with third-party countries. The unified customs territory of the Customs Union includes the territories of the Customs Union member countries as well as artificial islands, units, structures and other objects in relation whereto the Customs Union member states have an exclusive jurisdiction. Customs Union Member Countries:
Officials of the Customs Union member states have repeatedly stated that they deem the organization free for other countries’ accession. Negotiations are already in progress with some countries on their accession to the Customs Union, and the Customs Union territory is quite likely to increase significantly in the near future. Technical regulation in the EEU Customs UnionTechnical regulation is one key elements of integration among the Customs Union member states. Technical regulation mechanism allow removing numerous and frequently artificial technical barriers to commerce that are a critical problem for the business. It is assisted by the legal framework created in the last several years by, among other things, efforts of the Eurasian Economic Commission specialists. The current framework of the Customs Union and Eurasian Economic Community includes the following valid international treaties aimed at simplifying goods turnover within the member states:
For details on technical regulation within the EEU Customs Union, please see the special brochure drafter by the Eurasian Economic Commission specialists:
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