Twenty-Five Years since the USSR Collapse: The Eurasian Economic Union has a Promising Future

Hits: 1479

On December 8, 1991 Russia, Belarus and Ukraine stated that the USSR ceased to exist and signed an agreement on the creation of the CIS. Mikhail Gorbachev, the President of the Soviet Union, resigned on December 25, 1991. The Russian Federation assumed the USSR’s rights and obligations to become the recognized primary legal successor of the Soviet Union.

Each post-Soviet state was free to choose its own destiny but the need to cooperate and maintain mutually beneficial close economic ties was evident.

The creation of the Eurasian Customs Union was guaranteed by 3 different treaties signed in 1995, 1999 and 2007. The first treaty in 1995 guaranteeing its creation, the second in 1999 guaranteeing its formation, and the third in 2007 announced the establishment of a common customs territory and the formation of the customs union. Unlike the previous attempts to integrate, this initiative happened to be an evident success resulting in such practical steps as the introduction of common customs tariff, the adoption of the Customs Code in 2010, and the elimination of border controls in 2011.

January 2015 witnessed an important step towards further integration in Eurasia. The Eurasian Economic Union (EAEU) came into operation comprising Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia. An organization with an integrated single market of 183 million people and a gross domestic product (GDP) of over $4 trillion (PPP) emerged on the world map to introduce the free movement of goods, capital, services and people. The development is a part of global trend. NAFTA, the EU, the Latin American Mercosur and the Andean Community of Nations (CAN), the ASEAN Economic Community in Asia Pacific and the South Asian Free Trade Area (SAFTA) are the examples of integration projects bringing countries together and making them benefit from free trade areas (FTA).

The EAEU members adopt common microeconomic policies encompassing industry, agriculture, transport, energy, foreign trade investments, customs, technical regulation, competition and antitrust regulation. The plans include a single currency and greater integration. Structural homogeneity setting common technological targets is one the driving forces of the integration process. Soviet inheritance of the common electric power infrastructure, including nuclear energy sector, transport and communication networks, research and development systems fosters mutually beneficial technological cooperation.

The benefits include free trade and free movement of goods, capital, services and workforce. The interdependence of EAEU stakeholders lowers the probability of conflicts. The Eurasian project also protects its members from the side effects of globalization processes and helps to get profits from world trade. Nobody loses and everyone wins without any detriment to the interests of others.

The image of the EAEU in the West is controversial. Often the reason is low awareness of the project. Many view the EAEU as the revival of the old Soviet Union or an imperialist project. But the Union is based on the principles of equality among all members and lays out other postulates about integration, which are focused on economic interests and have nothing to do with ideology or politics.

The allegations that Moscow dominates the project are unfounded. Not a single EAEU document says anything about the dominance of Russia. After all, it was Kazakhstan that offered the idea of Eurasian integration in the 1990s. The organization boasts the system of subnational bodies set up to counterbalance national ambitions and prevent infringement on interests of individual members. The Russia’s goal is a stable and predictable environment along its borders. Addressing economic problems together is the best way to avoid instability.

True, the EAEU is opposed to Western hegemony and seeks an equal, rather than a dominant, place in the world community. However, the Union lacks any grounding in a political theory to legitimate its superiority and, outside the area of Eurasia; it is not expansionary in vision.

The Union’s members draw lessons looking at the EU going through hard times. They realize that in order to avoid the mistakes committed by the European Union with its bloated bureaucratic structure, the EAEU needs a balanced and flexible mechanism of decision-making.

Today the future of The Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP) is uncertain while the EAEU is making strides to achieve further progress.

The integration within the framework of the EAEU bolsters global multipolarity. As Russian President Vladimir Putin put it, «…integrating with our neighbors is our absolute priority. The future Eurasian Economic Union, which we have declared and which we have discussed extensively as of late, is not just a collection of mutually beneficial agreements. The Eurasian Union is a project for maintaining the identity of nations in the historical Eurasian space in a new century and in a new world. Eurasian integration is a chance for the entire post-Soviet space to become an independent centre for global development, rather than remaining on the outskirts of Europe and Asia».

The EAEU can become a bridge to the Greater Europe – a common cooperative space together with the EU as part of the process leading to a broader continental integration «From Lisbon to Vladivostok» to benefit the West as well.

It is very important that the Eurasian integration targets not Europe only but also Asia. In late July, the EAEU ratified its first-ever free trade agreement with a country outside of the Union – Vietnam. Recently the EAEU has received around 40 proposals for free trade agreements (FTA). Many of them come from Asia-Pacific countries.

This year the Union has signed memoranda of cooperation with Cambodia and Singapore. During the Russian President’s visit to China in June, the EAEU signed a joint declaration on transition to the negotiation stage for development of the Agreement on Trade and Economic Cooperation between the Eurasian Economic Union (the EAEU) and the People’s Republic of China. Once signed, a cooperation deal with China will be a great leap forward.

Russia is interested in drawing all Asia Pacific countries, not only China, into projects to develop Siberia and the Russia’s Far East. For those unwilling to make a definitive choice between the US and China, Russia and the EAEU would become a truly independent center of power. In 2016, the process of rebalancing Russia’s Asian policy got underway with a sequence of milestone summits: the Russia-Japan Summit on May 6 (and another one slated for December 15) and the ASEAN-Russia Summit on May 19-20.

The idea of ASEAN and EAEU forming a free trade area was broached for the first time at the summit, while the talks about setting up free trade zones between the EAEU and specific ASEAN countries, such as Singapore, Cambodia, Thailand and Indonesia, and are already underway. The ASEAN-Russia Summit declaration mentions the need to explore ways for Russia to join the China-led Regional Comprehensive Economic Partnership (RCEP).The idea to bring together the EAEU, ASEAN, the Shanghai Cooperation Organization and the Silk Road Economic Belt is very promising.

Russia’s plans to expand the Eurasian integration to encompass China, India, Iran, ASEAN and the RCEP will lead to the creation of a major Euro-Asian political and economic arc to become the backbone of new world order at the time the US-led projects appear to have a slim chance to ever materialize while Brexit and multiple internal crises within the EU prove the European integration pattern has too many flaws.

The EAEU does not follow others. It seeks for its own recipes to become effective, unique and profitable for all members. As such, the project is a promising development to benefit all parties involved.


Originally published on 2016-12-08

Author: Andrei Akulov

Source: Strategic Culture Foundation

Read our Disclaimer/Legal Statement!

Donate to Support Us

We would like to ask you to consider a small donation to help our team keep working. We accept no advertising and rely only on you, our readers, to keep us digging the truth on history, global politics and international relations.

 

READ MORE!
Turkey and the European Union: The Question of Cultural Minorities and Their Religious Identities
Introduction Recently expressed by Turkey’s President R. T. Erdoğan a possibility to organize a national referendum on Turkish membership to the European Union (the EU) opened many questions of different nature followed by old and new problems. A current European political concern is reflected in many controversial issues and one of those the most important is facing the EU about whether or not to accept Turkey as a full member state (being a candidate state since 1999). Turkey is, on one hand, governed as a secular democracy by moderate Islamic political leaders, seeking to play a role of the bridge between the ...
READ MORE
Air Strikes against Syria: Who are the War Criminals?
America is coming to the rescue of Al Qaeda under a humanitarian mandate. The unspoken agenda is to undermine the Liberation of Aleppo.  The pretext and justification for these actions are based on America’s “responsibility to protect” (R2P) the “moderates” in Aleppo from Syrian and Russian attacks and bombing raids. On October 3, the US State Department announced the suspension of bilateral relations with Russia pertaining to Syria (see document below), in response to which, France’s foreign Minister Jean Marc Ayrault was called upon to intermediate at the diplomatic level.  Pointing his finger at Russia’s Foreign Minister Sergei Lavrov, Jean Marc Ayrault casually accused Moscow ...
READ MORE
Post-Maidan Ukrainian Anti-Semitism: Tragic “Blowback” Resulting from U.S. Interventionist Foreign Policy?
The foreign policy of the United States in the post-Cold War era, driven by a doctrine of Exceptionalism and managed by a neoconservative strategy, has been responsible for the invasion of Iraq in 2003, Nato’s war on Libya in 2011 and the covert war waged in Syria using Islamist proxies. It was also at the root of its involvement in the overthrow of the democratically elected government of Ukraine in 2014. But the geopolitical advantage intended in each enterprise has brought the proverbial blowback.The results are plain to see. Libya is now certifiably a failed state. Accompanying the destruction of ...
READ MORE
“Russiagate” is Actually “Israelgate”: Trump as “Agent of Israel”, not of Russia?
The Special Counsel Robert Mueller’s main evidence thus far in his “Russiagate” probe is not actually about possible Russian collusion with Trump to win the Presidency, but instead about definite Israeli collusion with Trump after Trump had already won the Presidency but before he became inaugurated. As a lawyer explained on the day when Trump’s former National Security Advisor Michael Flynn was indicted in a plea-deal: “Mr. Flynn has just become the prosecution’s star witness.” What Flynn had pled to was his trying to obtain Russia’s support for Israel’s Government, against the Palestinians. Russia said no; Putin said no to Flynn’s request, ...
READ MORE
The United States and the “Russian Devil”: 1917-2017
Conservatives have had a very hard time getting over President Trump’s much-repeated response to Fox News anchor Bill O’Reilly’s calling Russian president Vladimir Putin “a killer”. Replied Trump: “There are a lot of killers. We have a lot of killers. You think our country is so innocent?” One could almost feel a bit sorry for O’Reilly as he struggled to regain his composure in the face of such blasphemy. Had any American establishment media star ever heard such a thought coming from the mouth of an American president? From someone on the radical left, yes, but from the president? Senator John McCain on the ...
READ MORE
NATO: А Dangerous Paper Tiger
The Chinese have a genius for pithy expressions and few are more packed with meaning, while immediately understandable, than "paper tiger". NATO is one, but paper tigers that overestimate their powers can be dangerous. Some Russians are concerned that there are today more hostile troops at the Russian border than at any time since 1941. While this is true, it is not, at the moment, very significant. The Germans invaded the USSR with nearly 150 divisions in 1941. Which, as it turned out, were not enough. Today NATO has – or claims to have – a battle group in each of the three ...
READ MORE
Mainstream Media: Fake News Through Lying by Omission
Fake news is simply a new, Trump-popularized descriptive for media lying that occurs in 2 basic forms, lying by omission and lying by commission. Lying by omission is far, far worse than lying by commission because the latter can at least admit refutation and public debate. Western Mainstream media impose a huge burden of fake news on Western societies through entrenched and pervasive lying by omission. Indeed the most egregious and pervasive Mainstream media lie of omission is suppression of reportage of such lying by omission. The unimpeded, remorseless, corporate-dominated Mainstream media, politicians and pliant intellectuals are now going further, and ...
READ MORE
The West Against the Rest or the West Against Itself?
What is the bigger story? The West Against the Rest or The West Against Itself? The Illiberal Quartet of Xi, Putin, Rouhani and Erdogan is in the line of fire of haughty homilies about Western “values.” Illiberalism is arrogantly and provocatively depicted in the West repeatedly as a Tartar Invasion 2.0. But closer to home Illiberalism is responsible for the social, civil war in the U.S. as Trump’s America has long ago forgotten what the European Enlightenment was all about. The Western view is a maelstrom of a Judaeo-Greco-Roman, pseudo-philosophy steeped in Hegel, Toynbee, Spengler and obscure biblical references decrying an Asian attack ...
READ MORE
International Systems of States and Global Security Models
IntroductionThe fundamental aim of the text below is to deal with the concept and models of global security as one of the crucial topics of global political studies. We have to keep in mind that a term and notion of security usually imply a kind of sense of protection and safety from different possible harms coming from „outside“. Therefore, it can be generally acceptable and understandable that the states want to protect their own territories by expanding great resources in making their territorial safe. Security topics are of very different kind, ranging from the causes of conflict between states to ...
READ MORE
The Crimean ‘Question’
There are more questions than answers to the Crimean ‘question’. After more than two decades belonging to an independent Ukraine, the Crimean peninsula has become part of Russia, which has thereby gained an extra 27,000 km2 of territory and over two million new citizens. Ukraine and the West see this unprecedented event as annexation and a sign of the Kremlin’s neo-imperial ambitions. To countries not directly involved in the Ukrainian crisis, it is a dangerous violation of the Eurasian status quo that could cause widespread destabilisation in the area, while in Moscow’s eyes it is ‘the return of Crimea and Sevastopol ...
READ MORE
Why the Latest Claims Against Assad are a Pack of Lies
With a critical public increasingly turning to social media to scrutinize the claims of the mainstream as well as the credibility of the assertions made by the various NGOs and government-funded human rights organisations, it’s arguably becoming more difficult for the corporate press to pass their propaganda off as legitimate news. This is particularly the case during periods when the establishment pushes for military conflicts. One salutary lesson from the Iraq debacle, is that the public appear not to be so readily fooled. Or are they? It’s a measure of the extent to which the mass media barely stray from their paymasters ...
READ MORE
Suddenly Europe is an Open Question – ‘A Nazi EU?’
An establishment pillar of the European ‘order’ – the Frankfurter Allgemeiner newspaper – explicitly touches the ‘live rail’, which is to say, it ran an op-ed last month titled ‘A Nazi EU?’, speculating on whether or not the present EU, dominated by Germany, should be understood as a lineal extension of German National Socialism. This has not before been an issue at all touched upon in mainstream German discourse. That it appears at all signals something important: a recognition that the dissidence being experienced by the EU has its roots in something other than just populist grievance tantrums. It is the resurfacing of ...
READ MORE
The Geopolitical Strategy of the US’ Global Hegemony by a Notorious Russophobe Zbigniew Brzezinski
If we have to use force, it is because we are America. We are the indispensable nation (Madeleine K. Albright, February 1998)[1] Madam Secretary As a matter of very fact, regardless to the reality in global politics that the Cold War was over in 1989, Washington continued to drive toward the getting the status of a global hyperpower at any expense for the rest of the world. The Balkans undoubtedly became the first victim in Europe of the old but esthetically repacked American global imperialism. The US' administration is a key player during the last 25 years of the Balkan crisis caused by the ...
READ MORE
A New Islamic Occupation of Iberian Peninsula?
"Evicted five centuries ago by crusading Christians, the Arabs are back in Spain, using their oil dollars to buy land that was seized from their ancestors by the sword". — James M. Markham, The New York Times, 1981. The Madrid daily ABC wrote that 800 mosques in Spain are out of control. The Spanish daily La Razon charged that Gulf donors, such as Qatar, were a source of Spain's Islamization. The Saudis also launched a new Spanish television channel, Córdoba TV, as did Iran. They dream of, and work to, regain the "lost Caliphate" of Spain. Some Islamists do ...
READ MORE
Importance of Russia in Global Politics
There is very bad news for the US’ policymakers: Russia is back!After the end of the Soviet Union in 1991, Russia, both weakened and isolated, was becoming a less popular area of studying and dealing with in comparison before the end of the Cold War. Global imperialists in Washington strongly believed that after 1991 Russia was simply “finished” or, better to say, they “finished” the game with Russia as Moscow was not anymore the capital of a Great Power state which had an important influence in global politics and international relations. In other words, the American warmongers in Washington thought ...
READ MORE
What America’s Coup in Ukraine Did
On March 23rd, Gallup headlined “South Sudan, Haiti and Ukraine Lead World in Suffering”, and the Ukrainian part of that can unquestionably be laid at the feet of U.S. President Barack Obama, who in February 2014 imposed upon Ukraine a very bloody coup (see it here), which he and his press misrepresented (and still misrepresent) as being (and still represent as having been) a ‘democratic revolution’, but was nothing of the sort, and actually was instead the start of the Ukrainian dictatorship and the hell that has since destroyed that country, and brought the people there into such misery, it’s now by far ...
READ MORE
Fragility of Belarussian National Identity
Belarus is a land known also as Belorussia (White Russia, Weißrussland) in East Europe which was for centuries occupied by a Polish-Lithuanian common state until it became included into Tsarist Russia in the late 18th century.[1] Belarus is facing many identity problems but the most important is the ethnolinguistic challenge to a separate Belarussian[2] national feature. National identity A common national identity is a focal element for the creation of a national state as without a common identity that is based on a fundamental element of group’s identity a psychological sense of common solidarity cannot be developed. However, such solidarity is a ...
READ MORE
NATO Announces War Policy Against Russia
On May 18th, Britain’s Guardian headlined “West and Russia on course for war, says ex-Nato deputy commander” and reported that the former deputy commander of NATO, the former British general Sir Alexander Richard Shirreff (who was Supreme Allied Commander in Europe from 2011-2014), expressed outrage that Britain isn’t urgently preparing for war against Russia, and also reported that “He describes Russia as now the west’s most dangerous adversary and says Putin’s course can only be stopped if the west wakes up to the real possibility of war and takes urgent action. … In a chilling scenario, he predicts that Russia, in order to escape what it believes to be ...
READ MORE
Criminal Nation: Obama and Trump Both should be Jailed for War Crimes
It is as if the Gambino and Genovese crime families were arguing their turf disputes in the courts and the news media. The Democrats are screaming bloody murder over President Trump’s firing of FBI director James Comey, whom Hillary Clinton still blames for her defeat at the polls and whom the bipartisan War Party has never forgiven for Comey’s earlier hesitancy to blame the Russians for the same offense. Now that Trump has cut Comey loose — ostensibly for his handling of the Clinton emails scandal, according to three letters sent by Trump and his two top Justice Department officials ...
READ MORE
Russophobia and the Dark Art of Anti-Russian Magazine Covers
Chances are, if a story about Russia appears on the cover of a major Western magazine, it’s not good news. Most likely, there’s been an international scandal, a breakout of geopolitical tensions, the resumption of Cold War hostilities, or some nefarious Russian plot to bring the entire free world to its knees. Russophobia — or the unnatural fear of Russia — generally leads magazine editors to choose the most over-the-top images to convey Russia as a backwards, clumsy, non-Western and aggressively malevolent power. Unfortunately, that’s led to a few rules of thumb for anyone trying to create a magazine cover featuring ...
READ MORE
Turkey and the European Union: The Question of Cultural Minorities and Their Religious Identities
Air Strikes against Syria: Who are the War Criminals?
Post-Maidan Ukrainian Anti-Semitism: Tragic “Blowback” Resulting from U.S. Interventionist Foreign Policy?
“Russiagate” is Actually “Israelgate”: Trump as “Agent of Israel”, not of Russia?
The United States and the “Russian Devil”: 1917-2017
NATO: А Dangerous Paper Tiger
Mainstream Media: Fake News Through Lying by Omission
The West Against the Rest or the West Against Itself?
International Systems of States and Global Security Models
The Crimean ‘Question’
Why the Latest Claims Against Assad are a Pack of Lies
Suddenly Europe is an Open Question – ‘A Nazi EU?’
The Geopolitical Strategy of the US’ Global Hegemony by a Notorious Russophobe Zbigniew Brzezinski
A New Islamic Occupation of Iberian Peninsula?
Importance of Russia in Global Politics
What America’s Coup in Ukraine Did
Fragility of Belarussian National Identity
NATO Announces War Policy Against Russia
Criminal Nation: Obama and Trump Both should be Jailed for War Crimes
Russophobia and the Dark Art of Anti-Russian Magazine Covers
Global-Politics.eu

Written by Global-Politics.eu

SHORT LEGAL DISCLAIMER: The website’s owner & editor-in-chief has no official position on any issue published at this website. The views of the authors presented at this website do not necessarily coincide with the opinion of the owner & editor-in-chief of the website. The contents of all material (articles, books, photos, videos…) are of sole responsibility of the authors. The owner & editor-in-chief of this website is not morally, scientifically or legally responsible for any inaccurate or incorrect statement in the contents of all material found on this website. The owner & editor-in-chief of this website is not responsible for the content of external internet sites. No advertising, government or corporate funding for the functioning of this website. The owner & editor-in-chief and authors are not morally, scientifically or legally responsible for any inaccurate or incorrect statement in the text and material found on the website www.global-politics.eu

Website: http://www.global-politics.eu