What Promises Does the Eurasian Customs Union Hold for the Future?
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...
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| Format: | Brief |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/02/17394402/promises-eurasian-customs-union-hold-future http://hdl.handle.net/10986/17034 |
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okr-10986-170342021-04-23T14:03:33Z What Promises Does the Eurasian Customs Union Hold for the Future? Carneiro, Francisco G. AVERAGE TARIFF AVERAGE TARIFF RATE BARRIERS TO TRADE BORDER CONTROLS BUSINESS ENVIRONMENT COMMON MARKET COMMON TARIFF COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER CHOICE CONSUMERS CUSTOMS CUSTOMS PROCEDURES CUSTOMS UNION DEVELOPMENT ECONOMICS DIVERTING TRADE DOMESTIC MARKET ECONOMIC COMMUNITY ECONOMIC EXPANSION ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC UNION EXPORTERS EXPORTS EXTERNAL TARIFF EXTERNAL TARIFFS FEDERAL AGENCY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GENERAL EQUILIBRIUM GOVERNING IMPORTS GROSS DOMESTIC PRODUCT HARMONIZATION IMPORT COSTS IMPORT DUTIES IMPORT TARIFF IMPORTS INTERNATIONAL ECONOMICS INTERNATIONAL STANDARDS INVESTMENT CLIMATE LEGAL REGIME LIBERALIZATION LOCAL CONTENT MARKET ACCESS MARKET SIZE MEMBER COUNTRIES MEMBER STATES MONOPOLY NEW MARKETS NEW PRODUCTS NONTARIFF BARRIERS POLITICAL ECONOMY PRODUCTION CHAINS PRODUCTION COSTS REAL INCOME RED TAPE REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENTS REMOVAL OF TRADE BARRIERS RETURN ON CAPITAL TARIFF BARRIERS TARIFF CHANGES TARIFF PROTECTION TARIFF RATE TARIFF RATES TARIFF SCHEDULE TARIFF STRUCTURE TECHNICAL BARRIERS TECHNICAL REGULATION TECHNICAL REGULATIONS TECHNICAL STANDARDS TRADE BLOC TRADE CREATION TRADE DIVERSION TRADE DIVERSION COSTS TRADE FACILITATION TRADE INTEGRATION TRADE PARTNERS TRADES TRADING PARTNER TURNOVER WAGES WORLD TRADE WORLD TRADE ORGANIZATION WTO 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. 2014-02-12T19:18:41Z 2014-02-12T19:18:41Z 2013-02 http://documents.worldbank.org/curated/en/2013/02/17394402/promises-eurasian-customs-union-hold-future http://hdl.handle.net/10986/17034 English en_US Economic premise;no. 108 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research Europe and Central Asia European Union Russian Federation |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AVERAGE TARIFF AVERAGE TARIFF RATE BARRIERS TO TRADE BORDER CONTROLS BUSINESS ENVIRONMENT COMMON MARKET COMMON TARIFF COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER CHOICE CONSUMERS CUSTOMS CUSTOMS PROCEDURES CUSTOMS UNION DEVELOPMENT ECONOMICS DIVERTING TRADE DOMESTIC MARKET ECONOMIC COMMUNITY ECONOMIC EXPANSION ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC UNION EXPORTERS EXPORTS EXTERNAL TARIFF EXTERNAL TARIFFS FEDERAL AGENCY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GENERAL EQUILIBRIUM GOVERNING IMPORTS GROSS DOMESTIC PRODUCT HARMONIZATION IMPORT COSTS IMPORT DUTIES IMPORT TARIFF IMPORTS INTERNATIONAL ECONOMICS INTERNATIONAL STANDARDS INVESTMENT CLIMATE LEGAL REGIME LIBERALIZATION LOCAL CONTENT MARKET ACCESS MARKET SIZE MEMBER COUNTRIES MEMBER STATES MONOPOLY NEW MARKETS NEW PRODUCTS NONTARIFF BARRIERS POLITICAL ECONOMY PRODUCTION CHAINS PRODUCTION COSTS REAL INCOME RED TAPE REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENTS REMOVAL OF TRADE BARRIERS RETURN ON CAPITAL TARIFF BARRIERS TARIFF CHANGES TARIFF PROTECTION TARIFF RATE TARIFF RATES TARIFF SCHEDULE TARIFF STRUCTURE TECHNICAL BARRIERS TECHNICAL REGULATION TECHNICAL REGULATIONS TECHNICAL STANDARDS TRADE BLOC TRADE CREATION TRADE DIVERSION TRADE DIVERSION COSTS TRADE FACILITATION TRADE INTEGRATION TRADE PARTNERS TRADES TRADING PARTNER TURNOVER WAGES WORLD TRADE WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
AVERAGE TARIFF AVERAGE TARIFF RATE BARRIERS TO TRADE BORDER CONTROLS BUSINESS ENVIRONMENT COMMON MARKET COMMON TARIFF COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER CHOICE CONSUMERS CUSTOMS CUSTOMS PROCEDURES CUSTOMS UNION DEVELOPMENT ECONOMICS DIVERTING TRADE DOMESTIC MARKET ECONOMIC COMMUNITY ECONOMIC EXPANSION ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC UNION EXPORTERS EXPORTS EXTERNAL TARIFF EXTERNAL TARIFFS FEDERAL AGENCY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GENERAL EQUILIBRIUM GOVERNING IMPORTS GROSS DOMESTIC PRODUCT HARMONIZATION IMPORT COSTS IMPORT DUTIES IMPORT TARIFF IMPORTS INTERNATIONAL ECONOMICS INTERNATIONAL STANDARDS INVESTMENT CLIMATE LEGAL REGIME LIBERALIZATION LOCAL CONTENT MARKET ACCESS MARKET SIZE MEMBER COUNTRIES MEMBER STATES MONOPOLY NEW MARKETS NEW PRODUCTS NONTARIFF BARRIERS POLITICAL ECONOMY PRODUCTION CHAINS PRODUCTION COSTS REAL INCOME RED TAPE REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENTS REMOVAL OF TRADE BARRIERS RETURN ON CAPITAL TARIFF BARRIERS TARIFF CHANGES TARIFF PROTECTION TARIFF RATE TARIFF RATES TARIFF SCHEDULE TARIFF STRUCTURE TECHNICAL BARRIERS TECHNICAL REGULATION TECHNICAL REGULATIONS TECHNICAL STANDARDS TRADE BLOC TRADE CREATION TRADE DIVERSION TRADE DIVERSION COSTS TRADE FACILITATION TRADE INTEGRATION TRADE PARTNERS TRADES TRADING PARTNER TURNOVER WAGES WORLD TRADE WORLD TRADE ORGANIZATION WTO Carneiro, Francisco G. What Promises Does the Eurasian Customs Union Hold for the Future? |
| geographic_facet |
Europe and Central Asia European Union Russian Federation |
| relation |
Economic premise;no. 108 |
| description |
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. |
| format |
Publications & Research :: Brief |
| author |
Carneiro, Francisco G. |
| author_facet |
Carneiro, Francisco G. |
| author_sort |
Carneiro, Francisco G. |
| title |
What Promises Does the Eurasian Customs Union Hold for the Future? |
| title_short |
What Promises Does the Eurasian Customs Union Hold for the Future? |
| title_full |
What Promises Does the Eurasian Customs Union Hold for the Future? |
| title_fullStr |
What Promises Does the Eurasian Customs Union Hold for the Future? |
| title_full_unstemmed |
What Promises Does the Eurasian Customs Union Hold for the Future? |
| title_sort |
what promises does the eurasian customs union hold for the future? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/02/17394402/promises-eurasian-customs-union-hold-future http://hdl.handle.net/10986/17034 |
| _version_ |
1764435217430347776 |