1945

The Central Asian Republics

Regional economic integration has gained prominence in recent years as a mechanism to achieve various objectives such as market access, enhancement of manufacturing capabilities, the creation of regional value chains (RVCs) and, in turn, employment generation and poverty alleviation. In addition, the recent initiatives created by the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP) seek not only to take advantage of Asian economic dynamism but also to consolidate the leading economic forces of the United States of America and the European Union. This is corroborated by the fact that while TPP members include the dynamic Asian economies, the TTIP is an attempt to consolidate the economic might of the Western world by forging partnership agreements between the United States and the European Union. The European Union and Central Asia relations have been progressing under the Strategy for a New Partnership since 2007. The Customs Union (CU) and the Single Economic Space (SES) among Belarus, Kazakhstan and the Russian Federation were replaced by the Eurasian Economic Union (EAEU), which came into effect on 1 January 2015. The EAEU comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan and the Russian Federation.

Sustainable Development Goals:
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