Eurasian Economic Community

The Eurasian Economic Community (EAEC or EurAsEC) was a regional organisation between 2000 and 2014 which aimed for the economic integration of its member states. [1] The organisation originated from the Commonwealth of Independent States (CIS) on 29 March 1996,[2] with the treaty on the establishment of the Eurasian Economic Community signed on 10 October 2000 in Kazakhstan’s capital Astana by Presidents Alexander Lukashenko of Belarus, Nursultan Nazarbayev of Kazakhstan, Askar Akayev of Kyrgyzstan, Vladimir Putin of Russia, and Emomali Rahmon of Tajikistan.[3]Uzbekistan joined the community on 7 October 2005, however later withdrew on 16 October 2008.

This article is about the organisation that existed from 2000 to 2014. For its successor, see Eurasian Economic Union.
Eurasian Economic Community
Евразийское экономическое сообщество
2000–2014
Status Regional organization
Capital Moscow(Commission)
Former member states Belarus
Kazakhstan
Kyrgyzstan
Russia
Tajikistan
History  
 Established
10 October 2000
25 January 2006
1 January 2010
25 January 2012
 Terminated
31 December 2014
 EEU established
1 January 2015

Preceded by

Succeeded by
Comecon
Eurasian Economic Union
Today part of Eurasian Economic Union

During the 14 years, the EAEC implemented a number of economic policies to unify the community. The Customs Union of Belarus, Kazakhstan, and Russia was formed on 1 January 2010, and later renamed the Eurasian Customs Union. The four freedoms of movement modelled after the European Union (goods, capital, services, and people) were fully implemented by 25 January 2012, with the formation of the Eurasian Economic Space.[4][5][6]

On 10 October 2014, an agreement on the termination of the Eurasian Economic Community was signed in Minsk after a session of the Interstate Council of the EAEC. The Eurasian Economic Community was terminated from 1 January 2015 in connection with the launch of the Eurasian Economic Union.[citation needed] While the Eurasian Economic Union effectively replaces the community, membership negotiations with Tajikistan are still ongoing. All other EAEC members have joined the new union.

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Uzbekistan was previously a member of the EAEC, however it suspended its membership in 2008.[7]

In accordance with the Charter of the EurAsEC, observer status could be granted to the states or intergovernmental organizations at their request. The observers had the right to attend the public meetings of the Eurasian Economic Community, to speak at these meetings and with the consent of the presiding officer to obtain public documents and decisions taken by the Community. Observer status did not allow states to take part in decision-making at the meetings of the Eurasian Economic Community. Observer states were:

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