Eurasian Economic Union: A sober look

2016 ◽  
pp. 43-60 ◽  
Author(s):  
E. Vinokurov
Keyword(s):  
The State ◽  
Customs Union ◽  
Macroeconomic Policies ◽  
Member States ◽  
Goods And Services ◽  
Eurasian Economic Union ◽  
Ongoing Work ◽  
General Rules ◽  
Economic Union ◽  
Trade And Investment

The paper appraises current progress in establishing the Customs Union and the Eurasian Economic Union (EAEU). Although the progress has slowed down after the initial rapid advancement, the Union is better viewed not as an exception from the general rules of regional economic integration but rather as one of the functioning customs unions with its successes and stumbling blocs. The paper reviews the state of Eurasian institutions, the establishment of the single market of goods and services, the situation with mutual trade and investment flows among the member states, the ongoing work on the liquidation/unification of non-tariff barriers, the problems of the efficient coordination of macroeconomic policies, progress towards establishing an EAEU network of free trade areas with partners around the world, the state of the common labor market, and the dynamics of public opinion on Eurasian integration in the five member states.

Parallel Imports

2016 ◽  
Author(s):  
Alexander Mühlendahl ◽  
Dimitris Botis ◽  
Spyros Maniatis ◽  
Imogen Wiseman
Keyword(s):  
Member State ◽  
Fundamental Principle ◽  
Common Market ◽  
Free Flow ◽  
Free Movement ◽  
Individual Member ◽  
Parallel Imports ◽  
Customs Union ◽  
Member States ◽  
Free Movement Of Persons

Free movement of goods, one of the ‘four freedoms’ together with free movement of persons, services, and capital covered in the Treaties, is a fundamental principle with two purposes. The first is purely economic; a customs union and common market comprising individual Member States cannot be established unless goods from all the Member States are sold freely and compete effectively in all the Member States. The second is political, if there is to be a single common market then goods must flow freely within its borders. The effect of national measures that block the importation of goods from one Member State to another, make their marketing more difficult, or raise their price, is the distortion of the free flow of goods and competition. Inevitably, in a single market such measures have to be eliminated.

scholarly journals Market Design for Multilateral Trade of Electricity in ASEAN: A Survey of  the Key Components and Feasibility

2020 ◽  
Vol 19 (1) ◽  
pp. 43-60
Author(s):  
Yanfei Li ◽  
Tsani Fauziah Rakhmah ◽  
Junichi Wada
Keyword(s):  
Electricity Market ◽  
Market Design ◽  
Power Grid ◽  
Current Situation ◽  
Member States ◽  
Multilateral Trade ◽  
Energy Cooperation ◽  
Cross Border ◽  
Border Trade ◽  
Asean Countries

The member states of ASEAN have together identified a need to develop the ASEAN Power Grid and enable the multilateral cross-border trade of electricity in a coordinated manner within ASEAN. This has been set out in the ASEAN Plan of Action for Energy Cooperation (APAEC) 2016–25. Moving forward from the current situation, this paper reviews the key components and feasibility of establishing an interconnected and competitive multilateral electricity market within the ASEAN countries. An indicative roadmap is developed based on an in-depth survey of experts to profile an appropriate market design for the multilateral trade of electricity in the ASEAN.

scholarly journals Analysis of Global Economic and Political Factors and Challenges of the Eurasian Economic Integration

2020 ◽  
Vol 14 (3) ◽  
pp. 34-43 ◽  
Author(s):  
V. A. Zubenko ◽  
A. M. Masalimova
Keyword(s):  
Economic Integration ◽  
Regional Integration ◽  
Developed Countries ◽  
Customs Union ◽  
Member States ◽  
Economic Relations ◽  
Trade Relations ◽  
Positive Effects ◽  
Integration Effect ◽  
Economic Ties

The development of the EAEU takes place in the context of the formation of a new system of world economic relations and the transformation of the rules of world trade. Further areas of multilateral cooperation between states and regional integration associations are emerging (including the digital economy, cryptocurrencies). As a consequence of the aggressive foreign policy of economically developed countries, the regionalization of trade and economic ties is gaining popularity, which makes it urgent to reformat trade relations with regional integration associations. Along with this, the primary integration effect associated with the opening of national markets and the simplification of trade rules, which manifested itself at the first stages of the formation of the customs union and the single economic space (CES), is being exhausted. The volumes of mutual trade of the member states are changing, but its share in the capacity of the common market of the EAEU remains virtually unchanged from year to year. The further growth of trade and economic ties within the EAEU is mainly due to the removal of existing obstacles and the qualitative improvement of the conditions for doing cross-border business. Various negative phenomena distort the integration agenda and substantially neutralize the positive effects of integration. The reasons noted above make the task of a comprehensive study of the economic and geopolitical factors of the integration of member states and new challenges to the integration processes urgent. To develop approaches to strategic planning for the development of the EAEU, adequate assessments of the use of the integration potential of the member states should be made and areas with the most significant reserves for building up integration cooperation should be identified. The full involvement of Armenia and Kyrgyzstan in the orbit of the Eurasian economic integration, as well as severe changes in the external economic situation that have occurred in recent years, require the actualization of possible scenarios for the development of the Eurasian Economic Union and the development of new tactics for the response of the EAEU and the Union member states to newly emerging factors and challenges affecting on integration processes.

scholarly journals The Implications of A South-South Customs Union On Tariffs, Welfare, and The Prospect of Global Free Trade

1970 ◽  
Vol 27 (1) ◽  
pp. 75-91
Author(s):  
Hiranya Nath ◽  
Halis Yildiz
Keyword(s):  
Developing Countries ◽  
Free Trade ◽  
Trade Agreements ◽  
Developed Countries ◽  
Trade Negotiations ◽  
Customs Union ◽  
Doha Round ◽  
Multilateral Trade ◽  
Oligopoly Model ◽  
The North

Following the failure of multilateral trade negotiations at the Cancun meetingand the Doha Round, developing countries have pursued an alternative in so called"south-south" trade agreements. Since these agreements lead to trade diversionfrom efficient north (developed) countries to less efficient south (developing)partners, there have been widespread concerns regarding their welfare implications.Using a three country oligopoly model of trade, we first examine staticallythe implications of a south-south customs union (CU) on the pattern of tariffs andwelfare. We find that south countries always have incentives to form a CU that reducesthe welfare of the north country. Moreover, when south firms are sufficientlyinefficient relative to north firms, a south-south CU leads to a large trade diversioneffect and reduces world welfare. We further show that, in a repeated interactionmodel, free trade is less likely to be sustainable under the south-south CU relativeto no agreement.

The Customs Union in its EU Context

2018 ◽  
Author(s):  
Timothy Lyons QC
Keyword(s):  
Free Movement ◽  
Customs Union ◽  
The European Union ◽  
Title 1 ◽  
Member States ◽  
Equivalent Effect ◽  
The Common ◽  
Free Movement Of Goods ◽  
Treaty Of Amsterdam

Until the ratification of the Treaty of Amsterdam in 1997, the EC Treaty, as it then was, had dealt with the customs union in Articles 9 to 29 which constituted Chapter 1 of Title 1 and was devoted to free movement of goods. Many of the provisions dealt with the staged reduction of duties on imports between Member States and with the procedure by which a common customs tariff was to be established. As the customs union was created on 1 July 1968, by 1997 rationalization of the customs duty provisions in the EC Treaty was clearly long overdue. It was achieved by the Treaty of Amsterdam which ensured that the EC Treaty dealt with the main elements of the customs union in just five articles, Articles 23 to 27. These now appear in the Treaty on the Functioning of the European Union (TFEU) in Articles 28 to 32. Articles 30 to 32 constitute Chapter 1 of Title II on the free movement of goods. Article 30 provides that customs duties on imports and exports, and charges having equivalent effect, are prohibited between Member States together with customs duties of a fiscal nature. Article 31 states that the common customs

CUSTOMS CONTROL AFTER THE RELEASE OF THE GOODS IN THE MEMBER STATES OF THE CUSTOMS UNION: COMPARATIVE ANALYSIS

10.12737/1004 ◽  
2013 ◽  
Vol 1 (1) ◽  
pp. 41-45
Author(s):  
Саният Агамагомедова ◽  
Saniyat Agamagomedova
Keyword(s):  
Comparative Analysis ◽  
Customs Union ◽  
Member States

At the present time customs control after the release of the goods is the priority for the customs authorities in consideration of Customs Union and the formation of the Eurasian Economic Space. The procedure of customs control after the release of the goods in the Customs Union of Russia, Belarus and Kazakhstan is regulated at the international, regional and national levels. Despite the processes of unification of the regulation of follow-up customs control in the Customs Union, some differences in the timing and the manner of its implementation still exist in the member states of the Customs Union. Harmonization and unification of regulation and enforcement in this area will improve the efficiency of customs control after the release of the goods in the Customs Union.

scholarly journals Structural Effects of Eurasian Integration

2019 ◽  
pp. 103-123 ◽  
Author(s):  
A. A. Migranyan
Keyword(s):  
Synergistic Effects ◽  
Customs Union ◽  
Member States ◽  
Goods And Services ◽  
Positive Effects ◽  
Macroeconomic Indicators ◽  
The Common ◽  
The Moment ◽  
National Economies ◽  
The Impact

The article analyzes the achievements, stages of the formation of Eurasian integration and shows the nature of the impact of integration processes on the economic situation of the participating countries. Eurasian integration processes from the moment of the creation of the Customs Union and before its reformatting into the Eurasian Economic Union and the common market of goods and services had a direct impact on the state and dynamics of the main macroeconomic indicators of the member states. The common economic space has led to the rapid transfer of macroeconomic effects, which makes it possible to consider the EAEU as a powerful factor in macroeconomic stabilization during crisis recessions. At the same time, the expectations of positive effects from the functioning of the EAEU were justified only in the initial stages of the formation of a common commodity market due to the effect of trade liberalization. The structure and geography of commodity flows in the EAEU developed inertia, due to the sectoral structure of the national economies of the Union member states. The trade interaction of the countries that make up the integration block is characterized by monocentricity and a higher level of differentiation, which makes it possible to compensate part of the losses while lowering the intensity of foreign trade to stimulate the development of the real sector. Investment cooperation in the EAEU is limited to traditional sectors of the commodity sector and trade finance. The buildup of synergistic effects between the countries of the EAEU has an extensive nature, while a transition to an intensification strategy is needed through the formation of production cooperation platform.

scholarly journals On the Relationship between Preferential and Multilateral Trade Liberalization: The Case of Customs Unions

2013 ◽  
Vol 5 (1) ◽  
pp. 63-99 ◽  
Author(s):  
Kamal Saggi ◽  
Alan Woodland ◽  
Halis Murat Yildiz
Keyword(s):  
Trade Liberalization ◽  
Free Trade ◽  
Stable Equilibrium ◽  
Customs Union ◽  
Customs Unions ◽  
Restricted Version ◽  
Multilateral Trade ◽  
Multilateral Trade Liberalization ◽  
The Relationship

This paper compares equilibrium outcomes of two games of trade liberalization. In the Bilateralism game, countries choose whether to liberalize trade preferentially via a customs union (CU), multilaterally, or not at all. The Multilateralism game is a restricted version of the Bilateralism game in that countries cannot form CUs and can only undertake non-discriminatory trade liberalization. When countries have symmetric endowments, global free trade is the only stable equilibrium of both games. Allowing for endowment asymmetry, we isolate circumstances where the option to form CUs helps further the cause of multilateral liberalization as well as where it does not. (JEL F12, F13)

Sign in / Sign up

Export Citation Format

Share Document