Possible trade facilitating and regional value chains promoting effects of the Eurasian Economic Union (EAEU)

Russia - 1 August 2015

The EAEU came into force on January 1, 2015. In comparison with previously existing Customs Union of Russian Federation, Republic of Belarus and Republic of Kazakhstan it also encompasses Republic Armenia. Kyrgyzstan is expected to join the club in the nearest future.
Creation of the EAEU implies harmonization of trade policy, creation of the single economic space, development of trade and investment flows between member states. At the same time, current level of co-operation (with an exception of Russian-Belarusian relations) is rather low. Regional value chains are hardly existing.
The paper assesses developments in EAEU regulation presumable conducive to trade facilitation, as well as establishing/restoration of regional value chains.

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