Evgeny BalashovPhD in economy

Moscow State University (Sevastopol filial)

Basic agreements which were taken as a foundation of European Economic

Community (EEC) and Eurasian Economic Community (EAEC or EurAsEC):

Treaty of Rome for EEC (1957)Treaty of establishment of EurAsEC or EAEC (2000)Treaty about Customs union and Common economic space (1999)

EEC (1957):France; Germany ;Italy;Belgium;Netherlands;Luxembourg

Participants

Russian Federation; Belarus;Kazakhstan;Kyrgyzstan; Tadzhikistan;Uzbekistan (2006-2008)

EurAsEC (2000):

Participants

Russian Federation; Belarus; Kazakhstan;Kyrgyzstan (2011)

Customs union:

Participants

Russian Federation;Belarus;Kazakhstan.

Common economic space:

Participants

Aims

promotion welfare of the community;growth of the level of the social-economic

development;

+ EEC:

• “to continue the process of creating an ever closer union among the peoples of Europe”

• “to achieve the strengthening and the convergence of their economies and to establish an economic and monetary union”

Mechanisms of achievement

Revocation of custom duty for the members of the unions;Forming of Common market by means of leading in fourth liberties (free transference of goods, capitals, services and workforce);Realization of “common politics”;Development general transport, energetic and information networks.

harmonization of monetary management and tax policy

Common moments:

treaty of EurAsEC

Steps of formation

Formation of customs union

Creation of the common market of goods, services, capitals and workforce, concordance of economic policy, establishment of common infrastructure, consummation of harmonizing

of legislation;

Creation of the Economic and currency union.

Institutions of the European Economic Community (EEC):

The Council of Ministersthe CommissionThe Parliamentary AssemblyThe Court of Justice.

Institutions of the Eurasian Economic Community (EAEC):

Interstate CouncilIntegration CommitteeInterparliamentary AssemblyCommunity's Court of Justice

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