The Eurasian Economic Union in the Context of Transformation of the International Trade System
The EEU was created to strengthen the national economies and capabilities of the member states in global economy by creating the so-called “four freedoms”: the free movement of goods, services, capital, and persons. At this stage, the EEU is involved in the creation of free trade zones with countries outside the borders of the Eurasian post-Soviet space that was a reaction of the Eurasian Economic Union on new trends in international trade and the crisis of the WTO. The aim of this chapter is to analyze the internal and external contours of the Eurasian integration in economic and trade cooperation. The first part is devoted to analyzing of the historical background of the EEU creation. The second part evaluates the economic cooperation among the EEU countries. In the third part, the author focuses on the crisis of the WTO and new tendencies in international trade cooperation. And the final part examines the prospects of creation of free-trades zones between the EEU states and other countries.