Description: EAC - Eurasian Economic Community
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This web site offers concise information about Eurasian Economic Community (EAC, EAEC) and the Customs Union of Russia, Belarus, Kazakhstan, Kyrghyzstan and Armenia. It also elaborates on Customs Union regulatory compliance and certification procedures.
Since the break up of the Soviet Union in 1991, Russia has been scrambling on re-uniting economically and, to an extent, politically with its neighbors and former satellites.
Member states of Eurasian Economic Community are Russian Federation, Belarus, Kazakhstan, Kyrghyzstan and Armenia. They occupy a total area of 20.3 million sq. km. Their population exceeds 181 million. The trade turnover of the member states has increased several times since 2002 and exceeded USD 100 billion. They account for 4% of the world’s GDP. They have 7.5% of the world’s prospected oil resources and 22% of gas and coal. Their share in the generation of electrical energy was 5.5%, steel production amo