ArmInfo. Over the 10 years of its operation, the Eurasian Economic Union has become an important player in international economic relations. This is stated in a statement by the Russian Ministry of Foreign Affairs.
The document notes that January 1, 2025 marks 10 years since the entry into force of the Treaty on the Eurasian Economic Union (EAEU) of May 29, 2014 and the beginning of the actual functioning of the EAEU as a regional integration association. Over the years of its existence, the Union and its member states - Russia, Armenia, Kazakhstan, Kyrgyzstan and the Republic of Belarus - have managed to achieve significant results. The domestic market is functioning and improving, the geography of international contacts is expanding, and mutual trade between the "five" countries is demonstrating steady growth.
"The EAEU states are deepening and strengthening mutually beneficial cooperation in various areas: customs, customs-tariff, non-tariff and technical regulation, industrial cooperation, transport and logistics, energy and agriculture. Over the 10 years of its operation, the Union has become an important player in international economic relations. This is evidenced by the network of international contacts of the EAEU, which includes free trade agreements with Vietnam, Iran and Serbia, two non-preferential agreements with China and more than 80 memorandums of cooperation through the supranational body of the Union - the Eurasian Economic Commission - with countries and integration associations around the world. Work is underway to coordinate trade liberalization agreements with Egypt, Indonesia and the UAE. Active interaction with observer states - Cuba and Uzbekistan - also plays a significant role," the Russian Foreign Ministry said in a statement.
