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Eurasian Economic Community (EuAsEC or EAEC)

Area of Cooperation

Regional Economy, Regional Security, Cooperation, Social Development, Transport, Energy

Summary

The Eurasian Economic Community (EuAsEC or EAEC) is an intergovernmental organization of 6 nations and is also part of the CIS Customs Union. All members are also members of the older Commonwealth of Independent States.

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Headquarters:

The EAEC is headquartered in Moscow, Russia.

Meetings:

The EAEC meets annually.  The last summit was in Moscow in 2007.

Goals, Targets, Objectives:

EurAsEC grew out of the CIS Customs Union. All the members of EurAsEC are also members of the older Commonwealth of Independent States and the relationship between the two organisations is ambiguous. The members have also all agreed that EurAsEC should be merged with the Central Asian Cooperation Organization (CACO).

With the revival of EurAsEC in 2005 there is a possibility for the Common Economic Space agenda to be implemented in its framework with or without the participation of Ukraine. This was confirmed in August 2006 and in October 2007 it was announced that a customs union would be formed by Russia, Belarus, and Kazakhstan by 2011 with other members being able to join later.

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