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Kazakhstan and Eurasian Economic Integration: Quick Start, Mixed Results and Uncertain Future

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Russie.NEI.Reports
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Kazakhstan and Eurasian Economic Integration: Quick Start, Mixed Results and Uncertain Future
Accroche

Kazakhstan's economic integration with Russia and Belarus has been advancing at break-neck speed.

Corps analyses

In October 2007, these countries signed a treaty on the creation of the Customs Union (CU), in July 2010 the unified Customs Code went into effect, and in July 2011 customs controls were removed from the borders between member-states. In January 2012, Moscow, Astana and Minsk introduced the Single Economic Space (SES) based on “freedoms” of movement of goods, services, capital and labor to be implemented by 2015. While a union with Russia has been always an official priority, other trade integration alternatives have been pursued by the Kazakhstani government as well. The one that was in strong competition with the CU option was the prospect of joining the WTO and this way advancing Kazakhstan's integration with global markets and making the country's economy more competitive. The analysis of the possible motives (economic, political and geopolitical) explaining why Kazakhstani leadership privileged integration with Russia over joining the WTO shows that economic reasons emphasized in the official discourse did not play the main role. Political reasons (primarily, the concern with security) seem to have been more prominent.

 

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Kazakhstan and Eurasian Economic Integration: Quick Start, Mixed Results and Uncertain Future

Decoration
Author(s)
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digital globe
Geoeconomics and Geofinance Initiative
Accroche centre

Economic questions are approached from a political economy perspective: the evolution of the global economic system, governance and institutions, dynamics and trends of various economic zones (United States, Russia, China, emerging markets...). European issues are at the core of our research. 

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Multi-alignment and De-risking: The Global South Response to World Fragmentation

Date de publication
31 October 2024
Accroche

Turbulences and conflicts threaten the stability of the global order. What is the Global South’s response to these risks?

Critical Raw Materials, Economic Statecraft and Europe's Dependence on China

Date de publication
01 October 2024
Accroche

As China tightens export controls on critical minerals, it is important to put Beijing's policies in perspective and analyse how Europe can respond.  

Strengthening US-EU Cooperation on Technical Standards in an Era of Strategic Competition

Date de publication
26 May 2023
Accroche

Transatlantic ties have had a rough go in recent months. After an unprecedented degree of alignment on Russia in the first half of 2022, including the quick and efficient rollout of a series of groundbreaking sanctions packages, the United States and Europe stepped back into dispute territory with the fallout from measures taken by Washington, notably some key provisions of the pathbreaking Inflation Reduction Act (IRA) passed last summer.

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iaip2419.jpg

European Union–Republic of Korea Cooperation on Economic Security: Opportunities, Limits and Challenges

Date de publication
17 June 2024
Accroche

This piece is a revised version of a paper presented at the conference on “New Convergences in EU-ROK Economic Security Relations”, organised in Rome on 30 January 2024 by the Istituto Affari Internazionali (IAI).

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Kazakhstan and Eurasian Economic Integration: Quick Start, Mixed Results and Uncertain Future
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Kazakhstan and Eurasian Economic Integration: Quick Start, Mixed Results and Uncertain Future

Kazakhstan and Eurasian Economic Integration: Quick Start, Mixed Results and Uncertain Future