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The Eurasian Economic Space or Single Economic Space is a single market that provides for the free movement of persons, goods, services and capital within the
Eurasian Economic Union The Eurasian Economic Union (EAEU or EEU)EAEU is the acronym used on thorganisation's website However, many media outlets use the acronym EEU. is an economic union of some post-Soviet states located in Eurasia. The Treaty on the Eurasian Econo ...
. The Single Economic Space was established in 2012 with the goal of creating an integrated single market. It is inspired by the European Internal market and the European Economic Area. The Eurasian Economic Space initially consisted of Belarus,
Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbekis ...
, and
Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eight ...
, and was enlarged to include
Armenia Armenia (), , group=pron officially the Republic of Armenia,, is a landlocked country in the Armenian Highlands of Western Asia.The UNbr>classification of world regions places Armenia in Western Asia; the CIA World Factbook , , and ''Ox ...
and
Kyrgyzstan Kyrgyzstan,, pronounced or the Kyrgyz Republic, is a landlocked country in Central Asia. Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the south, and the People's Republic of China to the east ...
from 1 January 2015.''Kyrgyzstan and Armenia will officially enter the Eurasian Customs Union that was created by Russia, Belarus and Kazakhstan, on the January 1, 2015.''
Kyrgyzstan, Armenia officially enter Eurasian Economic Union
, 24.kg. Retrieved 11 January 2014. The original treaty establishing the Single Economic Space was terminated by the agreement establishing the
Eurasian Economic Union The Eurasian Economic Union (EAEU or EEU)EAEU is the acronym used on thorganisation's website However, many media outlets use the acronym EEU. is an economic union of some post-Soviet states located in Eurasia. The Treaty on the Eurasian Econo ...
, signed in 2014, which incorporated the economic space into the EEU's legal framework. The Economic Space was established after Belarus,
Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbekis ...
and
Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eight ...
had removed all customs borders in July 2011 through the
Eurasian Customs Union The Eurasian Customs Union (EACU; russian: Таможенный союз ЕАЭС, Tamozhenyi soyuz) was a customs union consisting of all the member states of the Eurasian Economic Union. The customs union was a principal task of the Eurasian ...
. The Single Economic Space aimed to promote further
economic integration Economic integration is the unification of economic policies between different states, through the partial or full abolition of tariff and non-tariff restrictions on trade. The trade-stimulation effects intended by means of economic integrati ...
. The creation of the Eurasian Economic Space was guaranteed by 3 different treaties. The first treaty in 2003 guaranteeing its creation, the second in 2007 guaranteeing its formation and the third in 2011 announced the establishment of the economic space and the formation of the common market.


Member states of the Eurasian Economic Space

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Armenia Armenia (), , group=pron officially the Republic of Armenia,, is a landlocked country in the Armenian Highlands of Western Asia.The UNbr>classification of world regions places Armenia in Western Asia; the CIA World Factbook , , and ''Ox ...
(2015) * Belarus (2012) *
Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbekis ...
(2012) *
Kyrgyzstan Kyrgyzstan,, pronounced or the Kyrgyz Republic, is a landlocked country in Central Asia. Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the south, and the People's Republic of China to the east ...
(2015) *
Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eight ...
(2012)


See also

*
Eurasian Economic Union The Eurasian Economic Union (EAEU or EEU)EAEU is the acronym used on thorganisation's website However, many media outlets use the acronym EEU. is an economic union of some post-Soviet states located in Eurasia. The Treaty on the Eurasian Econo ...
*
Eurasian Customs Union The Eurasian Customs Union (EACU; russian: Таможенный союз ЕАЭС, Tamozhenyi soyuz) was a customs union consisting of all the member states of the Eurasian Economic Union. The customs union was a principal task of the Eurasian ...


References

{{Authority control 2010 in economics Commonwealth of Independent States Eurasia Eurasian Economic Union International trade organizations Multilateral relations of Russia Post-Soviet alliances Trade blocs