The EAEU Potential and The Interests of Member-States in Cooperation to Ensure Sustainable Foreign Economic Strategies

Abstract

The Eurasian Economic Union has been formed by a rapid, retrospective, and at the same time, constant transfer to a qualitatively novel phase of a combination of the post-Soviet space. It is found in the desire to consolidate the potential of regional economies that are structurally different from each other, through the unification or convergence of regulatory principles, the minimization or complete elimination of internal administrative obstacles to do business, and in general, the progress of supranational collaboration. The major goal – achieving synergy – is to balance different high-speed trajectories, stimulate the economic growth of sovereign member countries of the Union, as well as increase their economies competitiveness. This is a unique model of combination that considers the trends towards exemption from comprehensive global norms and long-range conventions that are characteristic of many large economies and major global development trends today. Within the framework of this article, issues of cooperation in transport, logistics, and project areas are considered. The author considers the potential of the Eurasian Economic Union, as well as the interests of its participants in interaction to ensure a stable foreign economic strategy. Special attention is drawn to the need to intensify actions and involve government bodies as well as representatives of the trade sector, and Eurasian development institutions.