{"id":339729,"date":"2025-06-07T17:29:56","date_gmt":"2025-06-07T11:59:56","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=339729"},"modified":"2025-06-15T18:10:55","modified_gmt":"2025-06-15T12:40:55","slug":"eurasian-economic-union-eaeu","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/eurasian-economic-union-eaeu\/","title":{"rendered":"Eurasian Economic Union (EAEU)"},"content":{"rendered":"<p><strong>News:<\/strong> India is set to commence trade negotiations with the Eurasian Economic Union (EAEU) this year.<\/p>\n<h2>About Eurasian Economic Union (EAEU)<\/h2>\n<figure id=\"attachment_339731\" aria-describedby=\"caption-attachment-339731\" style=\"width: 579px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-339731\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/06\/Source-MEA.png?resize=579%2C305&#038;ssl=1\" alt=\"\" width=\"579\" height=\"305\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/06\/Source-MEA.png?resize=300%2C158&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/06\/Source-MEA.png?resize=1024%2C541&amp;ssl=1 1024w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/06\/Source-MEA.png?resize=768%2C406&amp;ssl=1 768w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/06\/Source-MEA.png?resize=1536%2C811&amp;ssl=1 1536w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/06\/Source-MEA.png?resize=1568%2C828&amp;ssl=1 1568w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/06\/Source-MEA.png?w=1659&amp;ssl=1 1659w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\" \/><figcaption id=\"caption-attachment-339731\" class=\"wp-caption-text\">Source &#8211; MEA<\/figcaption><\/figure>\n<ul>\n<li>It is an international organization for <strong>regional economic integration<\/strong> in the <strong>former Soviet region<\/strong>.<\/li>\n<li><strong>Founded in:<\/strong> It is established by the <strong>Treaty on the Eurasian Economic Union <\/strong>signed on 29 May <strong>2014<\/strong> and came into force on <strong>1 January 2015.<\/strong><\/li>\n<li><strong>Aim: <\/strong>It provides for <strong>free movement<\/strong> of goods, services, capital and labor, pursues coordinated, harmonized and <strong>single policy in the sectors<\/strong> determined by the Treaty and international agreements within the Union.<\/li>\n<li><strong>Members:<\/strong> The Eurasian Economic Union consists of five member states: Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia.<\/li>\n<li><strong>Structure<\/strong>\n<ul>\n<li><strong>Eurasian Economic Commission (EEC):<\/strong> It is the <strong>permanent regulatory body<\/strong> of the EAEU.\n<ul>\n<li>The <strong>main purpose<\/strong> is ensuring the functioning and development of the EAEU, and developing proposals for the further development of integration.<\/li>\n<li>Its headquarters is in <strong>Moscow<\/strong>.<\/li>\n<li><strong>Presidency:<\/strong> Each year, a member state is elected chairman to head the Union.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Court of the Eurasian Economic Union: <\/strong>It was <strong>formed<\/strong> by replacing the Court of the Eurasian Economic Community (EurAsEC Court) in <strong>2015<\/strong>.\n<ul>\n<li>It is in charge of <strong>dispute resolution and the interpretation of the legal order<\/strong> within the EAEU.<\/li>\n<li>Its headquarters is in <strong>Minsk<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Customs Union of the Eurasian Economic Union: <\/strong>It is a customs union of the member states of the EAEU which initially became effective on January 1, <strong>2010<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Drawbacks<\/strong>\n<ul>\n<li>The Commission\u2019s <strong>power is limited<\/strong>.<\/li>\n<li>Member states <strong>disagreeing<\/strong> with its judgements can <strong>appeal to other bodies<\/strong>, and the Commission has <strong>no power to bring a member state before the Court<\/strong> in a case of non-compliance.<\/li>\n<li>Disputes are <strong>often resolved bilaterally<\/strong> rather than via EEU institutions.<\/li>\n<li>Unlike the European Union (EU), the EAEU <strong>does not share a common<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: India is set to commence trade negotiations with the Eurasian Economic Union (EAEU) this year. About Eurasian Economic Union (EAEU) It is an international organization for regional economic integration in the former Soviet region. Founded in: It is established by the Treaty on the Eurasian Economic Union signed on 29 May 2014 and came&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/eurasian-economic-union-eaeu\/\">Continue reading <span class=\"screen-reader-text\">Eurasian Economic Union (EAEU)<\/span><\/a><\/p>\n","protected":false},"author":10393,"featured_media":340420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1236,12039],"tags":[11872],"class_list":["post-339729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-factly-articles","category-international-organisations","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/06\/Source-MEA-300x158-1.png?fit=300%2C158&ssl=1","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/339729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10393"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=339729"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/339729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/340420"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=339729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=339729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=339729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}