Market Integration in the Eurasian Economic Union

Abstract

The creation of the Eurasian Economic Union (EAEU) marked a significant step in the development of regionalism in the post-Soviet area. The body implemented an unprecedented number of agreements in contrast to previous organizations, which mostly remained ink on paper. The EAEU continues implementing the goals of further, deeper integration in strategically important markets in line with the EAEU Treaty, as well as removing trade barriers. However, the integration milestones set in the treaty are frequently achieved at the cost of diluting the content of the subsequent integration steps, with countries accepting smaller obligations than originally envisioned. The situation is unlikely to change in the future.