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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


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Russian Prime Minister Dmitry Medvedev has approved a free trade zone agreement between the Eurasian Economic Union (EEU) and Vietnam.
Eurasian union okays free trade with Iran
The Eurasian Economic Union (EEU) has given the initial go-ahead to signing a free trade agreement with Iran, a senior official of the bloc has said.
Egypt reaches free trade agreement with Eurasian Economic Union
Egypt has reached a free trade zone agreement with the Eurasian Economic Union (Russia, Kazakhstan, Armenia, Belarus), Egyptian President Abdel Fattah Sisi said Tuesday.
Some 40 states ready to create free trade zone with EEU: Diplomat
About 40 countries and groups of states have officially declared their readiness to create a free trade zone with the Eurasian Economic Union (EEU), Russian Deputy Foreign Minister Vasily Nebenzya said in an interview with RIA Novosti.
Vietnam, Customs Union wrap up FTA talks
Vietnam and the Customs Union of Russia, Belarus and Kazakhstan have concluded negotiations on their free trade agreement that covers trade, investment, rules of origin, intellectual property, customs facilitation, sanitary and phytosanitary measures among others.
Some 40 states plan to create free trade zone with Eurasian Economic Union — lawmaker
Around 40 states have plans to establish a free trade zone with the Eurasian Economic Union (EEU), the speaker of Russia’s lower house of parliament, the State Duma, Sergey Naryshkin, told an international conference in Kazakhstan’s capital Astana on Monday.
Eurasian Economic Union eyes free trade zone with Asia-Pacific countries — Medvedev
The Eurasian Economic Union (EEU) between Russia, Belarus and Kazakhstan may establish a free trade zone with the Asia-Pacific countries, Russian Prime Minister Dmitry Medvedev said on Thursday.
Kazakhstan may leave EEU if its interests are infringed: Nazarbayev
Kazakhstan has a right to withdraw from the Eurasian Economic Union if its interests are infringed, President of Kazakhstan Nursultan Nazarbayev reminded in an interview to Khabar TV Channel.
Russia asks Egypt to start negotiations on agreement with Eurasian customs union
Russia has asked Egypt to start negotiations to sign a free trade agreement with the Eurasian Customs Union, which groups Russia, Kazakhstan and Belarus, said Minister of Trade and Industry Mounir Fakhri Abdel-Nour.
CIS: Moldova may be expelled from free trade zone after EU deal
Moldova could be expelled from the regional Commonwealth of Independent States’ free trade zone after it signed the association agreement with the European Union, a Russian official said on Monday.