Aliya Kabdulsharipova, Ulyana Vykhodtseva

D.Serikbayev East Kazakhstan State Technical University

Perspectivesof economicpartnership of countries within the scope ofthe Eurasian integration

Today the number of experts and analysts which believe that the Soviet Union disintegration was a natural final or also a benefit for the world economy decreases.

The catastrophic economic effect, like enormous decline of the social production in every former Soviet Union country and, as a consequence, essential decline of living standards forced a lot of experts to speak about necessity of the united economic complex revival which the Soviet Union was.

Current integration processes are a stabilizing factor of the social-economic development all of the countries on the post-Soviet area which are building partner relationships. One of the examples of those relationships is the integration of Kazakhstan, Belarus and Russia in a Customs Union. In economic meaning the Customs Union is a group of countries which have similar social-economic development.

During only two years of general work their mutual trade volume almost has doubled. And during nearest 10 years the market integration will produce 15% increase of the gross domestic product (GDP). But the mutual trade growth is not the main indicator of more intensive economic cooperation. Its next economic effect should be defined through results of building of the general development strategy.

Realizing this, the presidents of Kazakhstan, Belarus and Russia signed the Declaration about the Eurasian economic integration in November 2011. They put a task to establish a Eurasian Economic Union which will form the general development strategy of the industrial, agricultural and scientific-technical politics.

The Eurasian integration process is a part of the economic development politics. It includes coordination questions of industrial politics, e.g. leveling of development of the countries-participants regions, entrepreneurship supporting, wide specialization and manufacture cooperation, high-technology production manufacturing with high added value, anti-recessionary assets establishing for financial sector, general science-technological politics etc.

According to estimations, the Eurasian economic integration may give to Russia, Belarus and Kazakhstan 900 billion US $ aggregate income in 2030. And in case if Ukraine joins to the Union the aggregate income may be 1100 billion US $. It means that effect may be equal 14% GDP for Belarus, 6% GDP for Ukraine, 3.5% GDP for Kazakhstan and 2% GDP for Russia. [1]

In spite of some hardships at present, the Eurasian vector of integration is clear and it progressively develops. It is not only interesting for countries of the Commonwealth of Independent States (CIS), but it is also very interesting for many countries in the world. Now it is significant to imagine and predict as the nearest as the distant prospects of the Eurasian integration. What it may give to the countries in the future.

At first, in the Customs Union freedom of goods movement has been provided through duty-free trade, ending of customs supervision at the internal borders, establishment of united production circulation mark on the market in full. Technical barriers of the mutual trade will be ending gradually.

Secondly, absolute freedom of services movement has been already provided in such spheres like building, architecture, advertising, public health, public assistance. Freedom of services movement has not circulated in full on transport, telecommunications and finances yet. But the work in this area is in progress.

In the third place, limitations in competitive spheres of the national markets connected with capital movement freedom have been eliminated for the United Economic Space lifetime. But it really needs to harmonize the banking and insurance legislation, legal regimes at the currency and financial markets for establishing of general capital market.

In the fourth place, it has succeeded in the labor movement freedom into the Customs Union and the United Economic Space, e.g. the quota system and obligatory permissions for working abolition. Working migrants can live without registration for 30 days in another country of the Customs Union.

The process and tasks of the integration may be estimated broader. Establishing of the Customs Union and the United Economic Space significantly has influence on economic collaboration in the Commonwealth of Independent States at large.

Today countries which are not participants of the Customs Union have to work with new partner – Eurasian Economic Commission. This agency has been delegated serious authority by Belarus, Russia and Kazakhstan. It is a supranational level.

In conditions when Eurasian project has become reality, countries may increase partnership on the whole area of the Commonwealth of Independent States. The more so, as the Customs Union and the United Economic Space are opened for joining of other countries of the Commonwealth.

In the process, opportunities of the Eurasian Development Bank and the Eurasian Economic Community Anti-Recessionary Fund, and also access to energy resources for lower prices only intensify appeal of the United Economic Space.

So long as there are very dynamic changes in the global economy, today nobody can predict what will happen with it in the future. But one is overt: the more economic potential will be in countries-participants disposition the more confident every country of them will face the future. And basis for activity of other integration structures will be firmer. For example, the Organization of Agreement about collective security etc. [2]

Thereby Eurasian integration is an establishment of market with large capacity which may become a basis for global crises-firmer economic development and for strengthening of countries-participants sovereignty. Should not wait quick goods and one-sided benefit from the integration. The United Economic Space gives its participants opportunities of intensive economic development, [1] advantages and perspectives of launch with traditional and innovative goods and services.

Citation:

1 O. Lushnikov. The first economic results of the Customs Union development and the United Economic Space forming (http://www.rodon.org/polit-131014111350)

2 S. Naryshkin. About perspectives of Eurasian economic integration // The problems of modern economy, № 3 (47), 2013