Eurasian Economic Community - EurAsEC - EAEC. Across Global Business.

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With Countries in Eurasian Economic Community - EurAsEC or EAEC

The Eurasian Economic Community (EurAsEC or EAEC) was put into motion on 10 October 2000 when Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the treaty. EurAsEC was formally created when the treaty was finally ratified by all five member states in May 2001. EurAsEC grew out of the CIS Customs Union. All the members of EurAsEC are also members of the older Commonwealth of Independent States and the relationship between the two organisations is ambiguous.

Having common borders with the rest of the community is a prerequisite for full membership.

In May 2002, Moldova and Ukraine were granted observer status within EurAsEC; however, Ukraine subsequently declared its desire not to become a full member state. Armenia received observer status in April 2003.

Recent developments in Ukraine and Moldova during 2004 and 2005 are demonstrating that these countries currently don't want full membership in the organisation.

Uzbekistan applied for membership in October 2005 when the process of merging of Central Asian Cooperation Organization (CACO) and the Eurasian Economic Community began. It joined on 25 January 2006. It is not clear what will happen to the status of current CACO observers, that are not observers to EurAsEC (Georgia and Turkey).

With the revival of EurAsEC in 2005 there is a possibility for the Common Economic Space agenda to be implemented in its framework with or without the participation of Ukraine.

The current Secretary General of EurAsEC is Grigory Rapota.

Current members:

Russia (2001)
Belarus (2001)
Kazakhstan (2001)
Kyrgystan (2001)
Tajikistan (2001)
Uzbekistan (2006)

Observers:

Moldova (2002)
Ukraine (2002)
Armenia (2003)

By the Courtesy of Wikipedia