Many people have heard of the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership, two prospective “mega-regional” trade agreements involving the United States. But less is known about some of the other trade and economic architecture that is emerging across the globe. For example, the Eurasian Economic Union (EAEU) is a customs and economic union among Armenia, Belarus, Kazakhstan, Kyrgyzstan, and the Russian Federation, which took effect on January 1 of this year. The EAEU plans to expand to include other countries in the immediate region and to forge union-wide free trade agreements with external countries, as it already has with Vietnam.
What exactly is the EAEU and what are its rules and goals? How does it complement or clash with World Trade Organization rules? What does this relatively new entity mean for regional trade and investment? How will the emergence and evolution of the EAEU interplay with the TPP, TTIP, other mega-regionals, and the WTO? And, lastly, how might it affect Russia’s relations with the West?
Please join us for a discussion of these and other relevant questions.