bilaterals.org logo
bilaterals.org logo

EAEU

The Eurasian Economic Union (EAEU) is an economic union of former Soviet Union member states. It is comprised of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The treaty establishing the EAEU was signed on 29 May 2014 by Russia, Kazakhstan and Belarus, and came into force on 1 January 2015. Armenia and Kyrgyzstan accessed the Union on 2 January 2015 and 6 August 2015, respectively.

The EAEU was set up to challenge the economic influence of the US and the European Union, and to counter the two super powers’ attempts to isolate Russia.

The EAEU provides for free movement of goods, services, capital and labour. Member states have a common trade policy regime regarding third countries.

The EAEU has been very active negotiating trade deals.

It has two free trade agreements in force with Vietnam (2016) and Iran (interim FTA, 2019), as well as an agreement on economic and trade cooperation with China (2019).

It has signed FTAs with Serbia (2019) and Singapore (2019).

It has been discussing trade deals with Cambodia, Chile, Egypt, India, Indonesia, Israel, Korea, Mercosur and Peru.

Potential negotiations with ASEAN, Bangladesh, Brazil, the Gulf Cooperation Council, Mauritius, Mexico, Mongolia, New Zealand and Thailand could also emerge further down the line.

In addition, the EAEU has a free trade area with Moldova, Tajikistan, Ukraine and Uzbekistan, as part of the Commonwealth of Independent States Free Trade Area, which was established in 2012. On 1 January 2016, Russia suspended the agreement with Ukraine, following the provisional application of the European Union-Ukraine trade deal.

Last update: March 2020

Photo: German Marshall Fund of the United States


Talks on free trade zone between EAEU and Egypt to start in autumn of 2018 — Lavrov
The start of negotiations between the EAEU and Egypt on the preparation of an agreement to establish a free trade zone is scheduled for autumn 2018.
Russia’s PM signs agreement on establishing free trade zone between EAEU and Iran
The agreement provides for the formation of a free trade area on a limited range of goods between the EAEU and Iran.
Israel, EAEU resume talks on free trade agreement - Israeli ambassador in Russia
Israel has resumed negotiations with Russia on joining the Eurasian Economic Union (EAEU), Israeli Ambassador to Russia, noting the developing economic relations as well as increasing trade between the two countries.
Thailand and Russia-led bloc to launch free trade talks
Partners aim to triple trade to $10bn by 2020.
India, Eurasian Economic Union to hold talks on trade pact
The Indian government has worked out the details of a possible free trade agreement with the five nation Eurasian Economic Union.
Iran-EEU trade deal to come into effect on January 21
The preferential trade agreement between Iran and Eurasian Economic Union will be in effect for three years.
Talks on EAEU-India free trade zone scheduled for January 2018
The talks on the free trade zone between the Eurasian Economic Union (EAEU) and India will start in January 2018, says official
Putin voices support for Asia Pacific FTA
Russia supports the idea of establishing a free trade area (FTA) in the Asia Pacific region, which is believed to enhance the country’s position in the region’s market, President Vladimir Putin said.
Eurasian free-trade agreement on agenda
The new Labour-New Zealand First Government will continue to push for a free-trade agreement with the Eurasian Economic Union despite Western sanctions on trade with Russia remaining.
Russia offers support for FTA with EEU
Russia has offered its support for Pakistan’s entry into a free trade agreement with Eurasian Economic Union, of which Russia is a leading member.