Publication:
What Promises Does the Eurasian Customs Union Hold for the Future?

dc.contributor.author Carneiro, Francisco G.
dc.date.accessioned 2014-02-12T19:18:41Z
dc.date.available 2014-02-12T19:18:41Z
dc.date.issued 2013-02
dc.description.abstract Established in 2010, the Eurasian Customs Union (ECU) carries significant economic weight as three of its member countries represent a potentially large consumer market. Drawing on existing literature that has studied the likely impacts of the ECU in Central Asia, this note discusses the ECU's pitfalls and potential benefits. After briefly describing the main features of the ECU, this note assesses whether the changes introduced after its establishment have benefitted all of its members equally, and concludes with a discussion of what will need to change to achieve the ECU's full potential. Available evidence suggests that the Russian Federation has been the main beneficiary in the short term, but that there are several benefits to be gained by other members in the medium to long term. Full realization of these benefits, however, will require political commitment and steadfast action to reduce nontariff barriers (NTBs), improve trade facilitation, and reduce the costs of trading across borders in the region. en
dc.identifier http://documents.worldbank.org/curated/en/2013/02/17394402/promises-eurasian-customs-union-hold-future
dc.identifier.uri http://hdl.handle.net/10986/17034
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Economic premise;no. 108
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject AVERAGE TARIFF
dc.subject AVERAGE TARIFF RATE
dc.subject BARRIERS TO TRADE
dc.subject BORDER CONTROLS
dc.subject BUSINESS ENVIRONMENT
dc.subject COMMON MARKET
dc.subject COMMON TARIFF
dc.subject COMPARATIVE ADVANTAGES
dc.subject COMPETITIVENESS
dc.subject CONSUMER CHOICE
dc.subject CONSUMERS
dc.subject CUSTOMS
dc.subject CUSTOMS PROCEDURES
dc.subject CUSTOMS UNION
dc.subject DEVELOPMENT ECONOMICS
dc.subject DIVERTING TRADE
dc.subject DOMESTIC MARKET
dc.subject ECONOMIC COMMUNITY
dc.subject ECONOMIC EXPANSION
dc.subject ECONOMIC INTEGRATION
dc.subject ECONOMIC POLICY
dc.subject ECONOMIC UNION
dc.subject EXPORTERS
dc.subject EXPORTS
dc.subject EXTERNAL TARIFF
dc.subject EXTERNAL TARIFFS
dc.subject FEDERAL AGENCY
dc.subject FOREIGN DIRECT INVESTMENT
dc.subject FOREIGN INVESTMENT
dc.subject GDP
dc.subject GENERAL EQUILIBRIUM
dc.subject GOVERNING IMPORTS
dc.subject GROSS DOMESTIC PRODUCT
dc.subject HARMONIZATION
dc.subject IMPORT COSTS
dc.subject IMPORT DUTIES
dc.subject IMPORT TARIFF
dc.subject IMPORTS
dc.subject INTERNATIONAL ECONOMICS
dc.subject INTERNATIONAL STANDARDS
dc.subject INVESTMENT CLIMATE
dc.subject LEGAL REGIME
dc.subject LIBERALIZATION
dc.subject LOCAL CONTENT
dc.subject MARKET ACCESS
dc.subject MARKET SIZE
dc.subject MEMBER COUNTRIES
dc.subject MEMBER STATES
dc.subject MONOPOLY
dc.subject NEW MARKETS
dc.subject NEW PRODUCTS
dc.subject NONTARIFF BARRIERS
dc.subject POLITICAL ECONOMY
dc.subject PRODUCTION CHAINS
dc.subject PRODUCTION COSTS
dc.subject REAL INCOME
dc.subject RED TAPE
dc.subject REGIONAL INTEGRATION
dc.subject REGIONAL INTEGRATION AGREEMENTS
dc.subject REMOVAL OF TRADE BARRIERS
dc.subject RETURN ON CAPITAL
dc.subject TARIFF BARRIERS
dc.subject TARIFF CHANGES
dc.subject TARIFF PROTECTION
dc.subject TARIFF RATE
dc.subject TARIFF RATES
dc.subject TARIFF SCHEDULE
dc.subject TARIFF STRUCTURE
dc.subject TECHNICAL BARRIERS
dc.subject TECHNICAL REGULATION
dc.subject TECHNICAL REGULATIONS
dc.subject TECHNICAL STANDARDS
dc.subject TRADE BLOC
dc.subject TRADE CREATION
dc.subject TRADE DIVERSION
dc.subject TRADE DIVERSION COSTS
dc.subject TRADE FACILITATION
dc.subject TRADE INTEGRATION
dc.subject TRADE PARTNERS
dc.subject TRADES
dc.subject TRADING PARTNER
dc.subject TURNOVER
dc.subject WAGES
dc.subject WORLD TRADE
dc.subject WORLD TRADE ORGANIZATION
dc.subject WTO
dc.title What Promises Does the Eurasian Customs Union Hold for the Future? en
dspace.entity.type Publication
okr.date.disclosure 2013-02-28
okr.doctype Publications & Research :: Brief
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2013/02/17394402/promises-eurasian-customs-union-hold-future
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000356161_20130228150558
okr.identifier.internaldocumentum 17394402
okr.identifier.report 75656
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/02/28/000356161_20130228150558/Rendered/PDF/756560BRI0EP1080Box374342B00PUBLIC0.pdf en
okr.region.administrative Europe and Central Asia
okr.region.country Russian Federation
okr.region.geographical European Union
okr.topic International Economics and Trade :: Trade and Regional Integration
okr.topic International Economics and Trade :: Trade Policy
okr.topic International Economics and Trade :: Free Trade
okr.topic Economic Theory and Research
okr.topic Private Sector Development :: Emerging Markets
okr.topic Macroeconomics and Economic Growth
okr.unit Macroeconomics 1 (ECSP1)
okr.volume 1 of 1
relation.isAuthorOfPublication 2c308a64-886c-507e-98b9-54f74364d5c4
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