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Eurasian Economic Union: Mutual Trade and Investment欧亚经济联盟:相互贸易与投资

 Author: Xu Xiangmei  Category: Central Asia, Chinese Scholarship, Economics, Geopolitics  Publisher: Academic Journal of Russian Studies, 2020(6), vol.10, 69-88  Publication Date: 2020  Language: Chinese

10 years have passed since the launch of the Eurasian Economic Union. But it has already achieved great things in the realm of economic integration. A unified market for goods, services, capital, and labor is being formed. The Eurasian Economic Commission has become the main platform for collective decision-making. The trade volume has to some extent increased. The unified market which may expand to the Middle East and Asian countries is appealing to all the participants. The “Eurasian Economic Union
Customs Code” has become an important standard for the alignment of national interests with the interests of the union. But due to disputes on interests, low trust between member states, and geopolitical conflicts in the Eurasian region, the mutual trade, and investment within the union have developed very slowly and the problems of imbalanced power, uneven returns, and no networked cooperation structure do exist. Looking into the future, strengthening the economic ties between member states remains a long-term task for the development of the union.