Eurasian Economic Union- A Russian integration organization rivaling with the European Union

Nagy Vivien Gordána (2020) Eurasian Economic Union- A Russian integration organization rivaling with the European Union. Külkereskedelmi Kar.

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Absztrakt (kivonat)

Since the 1991 breakup of the Soviet Union, several attempts have been made to reintegrate the states of the post-Soviet space. And then in January 2015, the Eurasian Economic Union (EAEU) was born from the ashes of the Soviet Union. The EAEU is an international organization created for the purpose of regional economic integration, including five countries: Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan. This economic -or rather geopolitical union, as the Russian political ambition is in the heart of the whole story- is modelled in part on the EU and aims to create a EU-style Eurasian Single Market with free movement of goods, services, people and capital.  Member state leaders would like to assert the EAEU as a real counter balance to the European Union, however, it still lacks a well-functioning supranational institutional system. This paper is devoted to the examination of the creation, the institutional structure and the existing political, geopolitical and institutional problems of the Eurasian Economic Union. Furthermore, this paper scrutinizes the EAEU’s relations with other integration blocs and third countries, with specific focus on FTAs and the main problems hindering the development of its relations with the EU. The first section details the history and the theoretical background of the Eurasian Economic Union. This chapter also examines how this Union was born and the founding Treaty, which helps us to understand the relevance and importance of the Eurasian integration. The second chapter analyses the institutional framework and the decision-making process in the Union. Regarding the EAEU’s institutional framework –which is quite similar to the EU’s– we can conclude that, the heads of states have predominant influence over the Union‘s institutions, which clearly demonstrates how much weight owns the domestic level in the decision-making process. A strong and unified legislative and executive power is still missing. Providing the EAEU bodies more authority would make the EAEU a more completed system. The functioning of permanent bodies of the Eurasian Economic Union –the Supreme Eurasian Economic Council, the Eurasian Intergovernmental Economic Council, the Eurasian Economic Commission and the Court of the Eurasian Economic Union– is also interpreted in this part.             The third section is devoted to the examination of the economic performance and both internal and external trade relations of the EAEU. Russia dominates the Union economically, demographically and geographically. Therefore, the dynamics of the supply of Russian goods determines the dynamics of the development of the EAEU. Moreover, the EAEU has managed to achieve several accomplishments, including harmonizing the external customs tariffs, abolishing the internal customs borders, and transferring the decision-making about the tariffs to the Union level. The EAEU is quite a young association but has already formed several FTAs, preferential trade relations and free trade zones, which provide preferential access to the markets and help to attract FDI to the Union. These agreements are also deeply detailed in this part. Despite the Union’s achievements, it is quite doubtful that it will improve at higher levels of economic integration, as it is torn by internal contradictions, rising tensions and Russia’s unilateral actions. On this basis, the main challenge of the Union is the lack of common and unified values among member states, which affects the ability to quickly create supranational legislation and strengthen supranational bodies of the EAEU. The fourth chapter explains, why the EAEU is not working and the reason for the huge gap between operationalization and discourse. The last section is devoted to the scrutiny of the key factors that determine the problematic nature of the relations between the EU and the EAEU. Remaining issues are subject of the relations between the two international organizations, as political aspects dominate over economic ones. However, it can be seen both the European and the Eurasian regions are interested in cooperation, because they would well complement each other economically. The events in Ukraine have also shown, that there are significant differences between EU members’ policies towards the post-Soviet region, especially towards Russia, which will probably further hamper the EU’s unified actions against Russia. At the same time, there are other factors that enhance the significance of cooperation with each other, such as territorial proximity, significant trade flows, issues of economic security, unresolved issues of developing cross-border infrastructure and the presence of common neighbouring states. These reasons are also interpreted in the last section.             In summary, this paper argued that the EU is the dominant power in the West while the EAEU and China respectively in the Eurasian region. Although, the fact is that in Russian foreign policy debates the concept of integrating Eurasia is not an area of ​​interest about recreating the former USSR. Russia traditionally considers the post-Soviet region as a zone of privileged political and economic interests. Finally, we should bear in mind, that a post-Soviet reintegration without Russia can unlikely happen, as it has the bulk of the population of the former Soviet Union and more than 2/3 of the GDP.    

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Kapcsolatok Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi Tanulmányok

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	CIS, Egy Övezet Egy Út, Eurázsiai integráció, Európai Unió, FTA, Oroszország, Szabadkereskedelmi egyezmény, gazdasági kapcsolatok, versenyhelyzet
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2020. Dec. 05. 14:39
Utolsó módosítás:	2022. Okt. 06. 12:42

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