Customs Union of Belarus, Kazakhstan, Russia and Kyrgyzstan
As integration/globalization is a part of prosperous development, we decided to choose the theme of our case presentation - the Customs Union of Belarus, Kazakhstan, Russia and Kyrgyzstan. We believe that this topic has more international issues for Kazakhstan than any other. Regional economic integration is always a key factor of development for CIS countries for increasing competitiveness of national producers, market, and opposition of excessive foreign competition. Nowadays, economic integration is developing steadily, which is proved by many Customs Union (CU further) in Europe, Near East, Latin America and Africa.
We would start with the history of CU creation, its possible extension, analysis of three (four - with Kyrgyzstan) countries market. Afterwards, we consider why countries should enter CU, impact of CU on economy of Kazakhstan, its firms, citizens (consumers).
History of Creation
In 1995, the leaders of Russia, Belarus, Kazakhstan, and later - leaders of Kyrgyzstan, Tajikistan and Uzbekistan (in 2005), have signed the first treaty to establish a Customs Union, which later was called the Eurasian Economic Community (EAEC or EurAsEC) in 2000.
In accordance with the Agreement as of October 6, 2007, Byelorussia, Russia and Kazakhstan form a customs union in Dushanbe. The supreme body of the customs union is the Interstate Councils - Heads of the States and the Heads of the Governments. Parties of the Treaty on the Customs Union as of October 6, 2007 have established a Customs Union Commission - a permanent unified regulatory body of the customs union. The formation of the Customs Union provides for the creation of a single customs territory, where duties and economic restrictions wouldn't be applied, except for special protective, anti-dumping and compensation measures. A unified customs tariff and other control measures in trade of goods...