Supranational Organizations Questions
The Eurasian Economic Union (EAEU) is a supranational organization that aims to promote economic integration and cooperation among its member states. It was established in 2015 and currently consists of five member countries: Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan.
The objectives of the EAEU include the creation of a common market, the free movement of goods, services, capital, and labor, as well as the coordination of economic policies among its member states. The organization seeks to enhance economic competitiveness, increase trade and investment flows, and foster sustainable development within the region.
Additionally, the EAEU aims to harmonize technical regulations, standards, and customs procedures to facilitate trade and reduce barriers. It also promotes cooperation in various sectors such as energy, agriculture, transport, and digital economy, with the goal of achieving economic growth and improving the living standards of its member states' populations.
Overall, the Eurasian Economic Union strives to deepen economic integration, strengthen regional cooperation, and enhance the competitiveness of its member states in the global economy.