Eurasian Customs Union
|
Eurasian Customs Union
|
|
|---|---|
_-_Crimea_disputed.svg) |
|
| Policy of |
 EAEU
|
| Type | Customs union |
| Member states | |
| Establishment | 1 January 2010 |
| Area | |
|
• Total
|
20,260,431 km2 (7,822,596 sq mi) |
| Population | |
|
• 2013 estimate
|
182,519,270 |
|
• Density
|
9.01/km2 (23.3/sq mi) |
| GDP (PPP) | 2013 estimate |
|
• Total
|
US$4.064 trillion |
|
• Per capita
|
US$22,267 |
| GDP (nominal) | 2013 estimate |
|
• Total
|
$2.407 trillion (excluding Armenia and Kyrgyzstan) |
|
• Per capita
|
US$22,267 (excluding Armenia and Kyrgyzstan) |
The Eurasian Customs Union (EACU) is a customs union which consists of all the Member states of the Eurasian Economic Union.
The customs union is a principal task of the Eurasian Economic Community, established in 2000, and now succeeded by the Eurasian Economic Union. No customs are levied on goods travelling within the customs union and—unlike a free trade area—members of the customs union impose a common external tariff on all goods entering the union. One of the consequences of the customs union is that the Eurasian Union negotiates as a single entity in international trade deals such as the World Trade Organisation, instead of individual member states negotiating for themselves.
It came into existence on 1 January 2010. Its founding states were Belarus, Kazakhstan and Russia. On 2 January 2015 it was enlarged to include Armenia. Kyrgyzstan acceded to the EEU on 6 August 2015. The original treaty establishing the Customs Union was terminated by the agreement establishing the Eurasian Economic Union, signed in 2014, which incorporated the Customs Union into the EEU's legal framework.
The member states continued with economic integration and removed all customs borders between each other after July 2011. On 19 November 2011, the member states put together a joint commission on fostering closer economic ties, planning to create a Eurasian Economic Union by 2015. On 1 January 2012, the three states formed a single economic space to promote further economic integration. The Eurasian Economic Commission is the regulatory agency for the Customs Union and the Eurasian Economic Community.
...
Wikipedia