An overview of the Eurasian Economic Union and its relationship with Serbia

Abstract

In addition to the European Union, other regional integration projects have arisen in different parts of the world. One prominent example of this is the Eurasian Economic Union (EAEU), which seeks to reintegrate the former Soviet space. It includes among its members Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. To a certain extent the EAEU draws inspiration from the European Union, seeing it as model it can emulate and from which it can learn, where appropriate. The EAEU is open to new members and also seeks partners, including in Europe. An example of this is Serbia, which has expressed interest in signing a free trade agreement with EAEU. From a purely legal point of view, this may be possible, as it is not prohibited by Serbia's SAA. However, such a development may also have its problematic aspects, which includes Serbia's obligations if it becomes a fully-fledged member of the European Union and the nature of the Common Commercial Policy (CCP).

Keywords

• regional integration
• eurasian economic union
• european union
• serbia
• free trade agreement