The Eurasian Economic Union (EEU) came to force today on January 1, 2015. I will post some information about this Post-Soviet alliance from Wikipedia.
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Flag of the Eurasian Economic Union. |
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Emblem of the Eurasian Economic Union. |
Administrative centers |
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Official languages | 5 languages[show] | |
Eurasian | ||
Membership | Member states: Belarus Armenia (from 2 January 2015) Acceding state Kyrgyzstan | |
Leaders | ||
- | Chairman of the Eurasian Commission | Viktor Khristenko |
Establishment | ||
- | Original proposala | 1994 |
- | Establishment agreed | 18 November 2011 |
- | 10 October 2000 | |
- | 1 January 2010 | |
- | 1 January 2012 | |
- | Eurasian Union Treaty (signed) | 29 May 2014 |
- | Eurasian Union (established) | 1 January 2015 |
Area | ||
- | Total | 20,260,431 km2 7,822,596 sq mi |
Population | ||
- | 2014 estimate | 182,519,270 (including Crimea and Sevastopol) |
- | Density | 9.01/km2 23.3/sq mi |
GDP (PPP) | 2013 estimate | |
- | Total | US$4.064 trillions (5th) |
- | Per capita | US$22,267 |
Currency | ||
Time zone | (UTC+2 to +12) | |
Calling code | +374 (in Armenia) +375 (in Belarus) +996 (in Kyrgyzstan) +7 (in Kazakhstan and Russia) | |
Website Eurasian Economic Commission | ||
The Eurasian Economic Union (EEU) will be an economic union of states located primarily in northern Eurasia. A treaty aiming for the establishment of the EEU was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and will come into force on 1 January 2015. Treaties aiming for Armenia's and Kyrgyzstan's accession to the Eurasian Economic Union were signed on 9 October 2014 and 23 December respectively. Armenia's accession treaty will come into force on 2 January 2015. Although Kyrgyzstan's accession treaty will not come into force until May 2015, provided it has been ratified, it will participate in the EEU from the day of its establishment as an acceding state.
The Eurasian Economic Union will create a single economic market of 183 million people and a gross domestic product of over 4 trillion U.S. dollars (PPP). The union will operate through supranational and intergovernmental institutions. The supranational institutions are the Eurasian Commission (the executive body), the Court of the EEU (the judicial body) and the Eurasian Development Bank. National governments are usually represented by the Eurasian Commission's Council.
In 1994, President of Kazakhstan, Nursultan Nazarbayev, first suggested the idea of creating a regional trading bloc during a speech at Moscow State University. Numerous treaties were subsequently signed to establish the trading bloc gradually. Many politicians, philosophers and political scientists have since called for further integration towards a political, military and cultural union. However, modern-day Kazakhstan has insisted the union stay purely economic as it seeks to keep its independence and sovereignty intact.