Eurasian economic integration

Not to be confused with European integration, Greater Eurasian Partnership, or Common Economic Space from Lisbon to Vladivostok.
Further information: Common Economic Space of the Commonwealth of Independent States; Customs Union of Russia, Belarus and Kazakhstan; Single Economic Space of the Eurasian Economic Union; Single Economic Space of Belarus, Kazakhstan, Russia and Ukraine; and Free trade areas in Europe
Participation in agreements and stages of economic integration of post-Soviet states within the common market of CIS and EAEU. The principles of voluntary step-by-step multi-speed and multi-level integration are envisaged in the adopted multilateral documents.

Eurasian economic integration is the process of economic integration of post-Soviet states which are geographically located in the center of the continent of Eurasia. Eurasian integration has been taking shape since 1991, originally via the establishment of the Commonwealth of Independent States in 1991, as noted in the World Trade Organization report.[1] Currently, integration is primarily implemented through organizations that are open to accession by any post-Soviet countries, such as the Commonwealth of Independent States and the Eurasian Economic Union. An economic union means the deepest stage of economic integration.[2]

The former Soviet republics that became independent states were part of the economy of the Soviet Union with its common technical standards, common infrastructure, territorial proximity, chains of cooperation, and common legal heritage. Through the signing of international agreements on trade, economic cooperation and integration, countries can achieve an increase in the efficiency of their economies, which suffered due to the disintegration of the Soviet Union. At the same time, all post-Soviet countries have moved to a market economy, implemented reforms and expanded trade and cooperation with the global economy. Over the past three decades, several negotiations have taken place and not all proposed integration projects have been successful.

  1. ^ Cite error: The named reference auto was invoked but never defined (see the help page).
  2. ^ "Stages of Economic Integration: From Autarky to Economic Union".