Project:
As part of the team working on The Eurasian Union Project announced by the Russian Government, you have been asked to submit a report on what form of economic integration it should take to achieve maximum efficiency.
Submit your report and prepare a presentation about your findings.
Chairman of the Board Eurasian Economic Commission, Viktor Khristenko said: “We live in a time of major change. A new global economic architecture is emerging that is set to define development trends for decades to come. The recent crises prompted a global quest for new patterns of strategic development, and today a number of countries are looking to form and consolidate regional unions. The Eurasian space is becoming such an area of consolidation.” Indeed, being one of the largest geopolitical entities on the European continent, Russia cannot be ignored and Russia needs to be in the economic integration with other counties.
The process of Eurasian integration dates back more than 20 years. The integration process was driven by the extensive ties between the new independent states in a range of economic sectors (industry, agriculture, transport and energy). The existence of a largely shared social and humanitarian space was also an important factor.
I would like to concentrate your attention on Key stages of Eurasian economic integration:
On December 8, 1991 the presidents of Belarus, Russia and Ukraine met at Belovezhskaya Pushcha in Belarus and signed an agreement establishing the Commonwealth of Independent States (CIS). The agreement was endorsed by other former Soviet republics in Alma-Ata on December 21, 1991. The goals were to create a common economic space based on a free trade area, and to sustain and develop economic and humanitarian cooperation. In 1995 Russia, Belarus and Kazakhstan signed an Agreement on the establishment of the Customs Union (CU). Common customs territory of Russia, Belarus and Kazakhstan with population of approximately