Towards a New European Neighbourhood Policy (ENP): What Benefits of the Deep and Comprehensive Free Trade Agreements (DCFTAs) for Shared Prosperity and Security?

Abstract

This article examines the problem of the ENP countries’ integration with the EU market from two perspectives: the macroeconomic situation as an integral component of the overall transformation process and the integration with the EU markets, and the political economy of the regional integration perspectives of these countries. This methodological approach serves as a tool for integrating a number of main goals related to the EU’s soft power that require the development and support of civil society in the neighbouring states. This contribution aims to offer insight in the implementation of the regional arrangements, taking into consideration new political and economic realities in the Eurasian Single Economic Space; it examines these implications in relation to the need to expand and adapt the content and approach of the AAs/DCFTAs agreements. The further economic development in the regions of Eastern Europe and Caucasus as a precondition for the prosperity and security of countries and of the region is discussed. The article concludes that the ENP has inevitably become more important due to the new borders of the EU to the East and the emergence of the Eurasian Economic Union.