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Russian President Vladimir Putin Nike Vapormax Bleu Pas Cher , his Kazakh counterpart Nursultan Nazarbayev (middle) and Belarusian President Alexander Lukashenko (right) arrive for a meeting in Astana on Thursday. Photo: AFP Russia signed a treaty with Kazakhstan and Belarus Thursday to launch an economic union in 2015 to aid free flow of workforce, capital and goods among a combined population of more than 170 million people in the three countries.
Analysts believe that the treaty forging the Eurasian Economic Union (EEU) will help deepen the previous customs unions created in 2010 by the three countries as well as assist Russia's ambition to realize regional integration of politics and security among the former Soviet republics.
The treaty signed in the Kazakh capital, Astana, will come into force on January 1, 2015. "Russia, Belarus and Kazakhstan are going over to a fundamentally new level of cooperation Nike Vapormax Noir Pas Cher ," Russian President Vladimir Putin said at the signing ceremony.
The three countries have an annual gross domestic product between them of around $2.7 trillion, according to Reuters.
"The treaty has a more political than economic significance to Russia," Zhang Hong, a research fellow with the Institute of Russian, Eastern European and Central Asian Studies of the Chinese Academy of Social Sciences, told the Global Times Thursday.
Kazakhstan and Belarus have a very small economic volume and market size compared to Russia Nike Vapormax Pas Cher , and the latter benefits little from economic integration, Zhang said. This new bloc will not create too much difference for the current global economic landscape.
Russian Deputy Finance Minister Sergei Shatalov told Reuters in March that Belarus and Kazakhstan receive about $6 billion annually from Russia in direct and indirect support, and this could increase by $30 billion if all trade restrictions were lifted in 2015 after the union is created.
"However, economic integration will be a starting point for Russia to revive the strong regional unity in politics and security among former Soviet republics," Zhang said.
Putin has refuted assumptions that he is attempting to revive the Soviet empire. "They try to stick this label on us - a label that we are trying to restore an empire, the Soviet Union Nike Presto Ultra Flyknit Pas Cher , make everyone subordinate. This absolutely does not correspond to reality," he said last week in St. Petersburg, reported Reuters.
Kazakhstan has repeatedly stressed that the union is economic and does not affect sovereignty.
In an interview with the Almaty-based Vremya Newspaper, Deputy Foreign Minister of Kazakhstan Samat Ordabayev emphasized that during the negotiation process, Kazakhstan has consistently advocated a position of the inadmissibility of the politicization of this integration association.
Issues not directly related to the economy, such as parliamentary cooperation Nike Presto SE Woven Pas Cher , common nationality, holding common foreign policy and state border crossing have been excluded from the treaty at Kazakhstan's insistence, he said.
The EEU signing followed years of tense negotiations and many differences have remained, which makes it difficult to forge strategic relations among the members, Feng Shaolei, director of the Center for Russian Studies at East China Normal University in Shanghai Nike Presto Safari Pas Cher , told the Global Times.
Even in economic cooperation, the union faces a lot of challenges, Feng said, adding that for Russia and Kazakhstan, two countries having a similar economic structure, it is extremely vital to seek potential breakthrough for their economic cooperation.
"Only a deepened integrated economic alliance can make political and strategic union possible Nike Presto QS Pas Cher , and it will be a long way for the EEU," he added.
He also pointed out that Kazakhstan will not want to go too far in its political cooperation with Russia, as it also has extensive political and economic relations with the US and Europe.
The EEU union failed to include Ukraine, a country of 46 million with a potentially strong industrial sector, which opted not to join after its Moscow-leaning president Viktor Yanukovych was ousted in February.
"We lost some along the way: I mean Ukraine," Belarusian President Alexander Lukashenko said at the signing ceremony. "I am sure that sooner or later the Ukrainian leadership will realize where its fortune lies."
However Nike Presto Noir Pas Cher , Zhang said it is highly unlikely that Ukraine will join the treaty any time soon as there has been a loss of mutual trust after Moscow annexed Crimea.
In addition, Ukraine is considering signing a free trade deal with the European Union soon, and "if that happens, it would be technically impossible for Ukraine to join the EEU at the same time," Zhang said.
RT, an English-language news channel in Russia Nike Presto Mid Utility Pas Cher , reported that Armenia, Tajikistan and Kyrgyzstan may be brought into the EEU later.
According to RT, Kyrgyz President Almazbek Atambayev said that Kyrgyzstan plans to join the customs union by the end of 2014. It also quoted Kazakhstan's President Nursultan Nazarbayev as saying that a decision on Armenia's membership will have to be made by July.
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