Abstract
The article deals with various legal models of integration associations of Eurasia and Latin America. The authors argue that the model of integration association is based on a set of attributes (purpose of integration, system of bodies and its’ competence, procedure of decision making, depth of economic and legal convergence, etc.). One of the characteristics of a model of integration association is a type of cooperation: coordination or supranational. Integration associations differ depending on a particular form of economic integration (free trade area, customs union, common economic space, common market, economic union, etc.), which also characterizes the individual model of each of the integration union. Organization of American States is characterized as a union of a coordination type of cooperation. Mercosur is an international organization of coordination with several supranational features. The model of the Andean Community is seeking for a supranational type. The evolution of Latin American integration communities depends primarily on the political and economic factors. There are new models of integration communities based on the agreements between several regional blocs. The forms of the Eurasian economic integration are the customs union, the common economic space, forming common market. The Eurasian Economic Union tends to the supranational association. Based on the research conducted using the formal-legal, comparative and historical-legal methods the authors formulate conclusions about the trends, challenges and prospects of further development of integration processes in the Eurasia and Latin America.
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More From: Journal of Foreign Legislation and Comparative Law
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