HISTORICAL REVIEW OF THE EURASIAN ECONOMIC UNION FORMATION
Keywords:
Integration, customs union, common market, mutual trade, cooperation, economic reforms, competition, world market, supranational structure.Abstract
After the collapse of the USSR, there were made numerous attempts on integration cooperation, aimed at the formation of customs union or common market. Despite these attempts, their actually started to act in 2000 by signing an agreement on the creation of the EurAsEC, and it became the basis for the formation of the Eurasian Economic Union. The EAEC, which began its activity on January 1, 2015, in addition to ensuring free movement of goods, services, capital and labor, also provides for a coordinated, coherent and unified policy in various spheres of the economy. Along with its positive and negative manifestations, it is the structure of the highest level ever formed in the Eurasian region, which implements cooperation and integration of member countries.
