Historical and Economic Aspects of the Eurasian Economic Community

Lyazzat Kozhakeyeva,Balzhan Chakenova,Aigul Adilbaeva,Karlygash Zhylkyshybayeva,Ainagul Kaipbayeva

doi:10.5539/res.v7n6p244

Abstract

In the given work are presented, economic aspects of the Eurasian Economic Community, economic integration on the Eurasian space substantially depends on a consolidating role of Kazakhstan in strengthening and realization of rather fruitful ideas of EvrAzEC, it recognizes already many officials of the countries—participants of the CIS and the near abroad. Mutual relations within the limits of the integration union should be based on a priority of strategic interests over current problems, on collectivity accepted decisions one participants of the union. The Euroasian economic union—the international integration economic association, the contract on which creation on the basis of the Customs union of EurAsEC is signed on May 29, 2014 will come into force since January 1, 2015.

Highlights

Experience of implementation of agreements on the Customs union promoted preparation and signing of more large-scale document on close interaction and cooperation of the states
In the given work are presented, economic aspects of the Eurasian Economic Community, economic integration on the Eurasian space substantially depends on a consolidating role of Kazakhstan in strengthening and realization of rather fruitful ideas of EvrAzEC, it recognizes already many officials of the countries—participants of the CIS and the near abroad
Long history of independent existence carried out the sovereign states for Integration into the European Community (EU);

Summary

Introduction

Experience of implementation of agreements on the Customs union promoted preparation and signing of more large-scale document on close interaction and cooperation of the states. On March 29, 1996 presidents of Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation signed the Contract on deepening of integration in economic and humanitarian areas for the purpose of creation of community of the integrated states. The contract on formation of the Euroasian Economic Community is signed on October 10, 2000 in Astana (Kazakhstan) by presidents of Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. In it the concept of closer and effective trade and economic cooperation for achievement of those purposes and tasks which were defined by the Contract on the Customs union and a common economic space is put. Creation of EurAsEC, on the one hand, marked forward development of economic integration from a free trade zone (duty-free trade) through the Customs union (the blanket customs tariff concerning goods of the countries which aren’t entering into the union) to a common market (free movement of goods, capitals, services, labor, a uniform trade policy concerning the third countries, the general currency policy)

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Conclusion