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Eurasian Economic Union

Eurasian Economic Union (EAEU)

 

The Eurasian Economic Union (EAEU) is an economic union of five post-Soviet states located in Eurasia. The EAEU encourages the free movement of goods and services, and provides for common policies in the macroeconomic sphere, transport, industry and agriculture, energy, foreign trade and investment, customs, technical regulation, competition, and antitrust regulation. Provisions for a single currency and greater integration are envisioned for the future. The union operates through supranational and intergovernmental institutions. The Supreme Eurasian Economic Council is the supreme body of the Union, consisting of the Heads of the Member States. The second level of intergovernmental institutions is represented by the Eurasian Intergovernmental Council. The Eurasian Economic Union is designed to reach a number of macroeconomic objectives such as reducing commodity prices by reducing the cost of transportation of raw materials, increasing return on new technologies and products due to the increased market volume, and promoting "healthy" competition in the common market. It is also designed to lower food prices, increase employment in industries and increase production capacity. EAEU members like Belarus and Kazakhstan seek to leverage the EAEU as a bridge between the European Union and the New Silk Road economic belt (BRI). The Eurasian Union is considered as a major player in the world's energy sector, raw materials, arms industry and agricultural production.

 

EAEU member regions
Middle East Eurasia African
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Member regions Population by country Internet user by country Active Ads and services
       
Republic of Armenia 3 165 000 2 043 110 0
Republic of Belarus 9 256 524 7 048 231 0
Republic of Kazakhstan 20 075 271 13 913 689 0
Kyrgyz Republic 6 537 590 2 309 235 0
Emirate of Abu Dhabi 2 908 000 - 0
Emirate of Ajman 504 846 - 0
Emirate of Dubai 3 478 300 - 0
Emirate of Ras Al Khaimah 345 000 - 0
Emirate of Sharjah 1 800 000 - 0
Republic of Kazakhstan 20 075 271 13 913 699 0
Kyrgyz Republic 7 037 590 2 309 235 0
United Mexican States 129 875 529 96 800 000 0
State of Qatar 2 795 484 2 532 050 0
Russian Federation 147 182 123 130 430 000 0
Republic of South Africa 62 027 500 31 858 027 0
Republic of Tajikistan 10 077 600 1 959 127 0
United Arab Emirates 9 262 410 7 100 00 0
Republic of Uzbekistan 37 030 884 16 692 456 0
O B S E R V I N G  M E M B E R S      
Republic of Cuba 10 965 974 5 638 956 0
Republic of Moldova 2 512 758 2 138 783 0
Republic of Uzbekistan 37 030 884 16 692 456 0
       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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