Theme of the lecture № 15. Eurasian Economic Union

Thesis:

The Customs union – the agreement of two or more states (a form of the interstate agreement) on cancellation of the customs duties in trade between them, a form of collective protectionism from the third countries.

The contract on creation of the uniform customs territory and formation of the Customs union, and also the plan of action on its creation were adopted on October 6, 2007 in Dushanbe by heads of states of Belarus, Russia and Kazakhstan. For providing operating conditions and development of the union the supranational regulating permanent body - the Commission of the Customs union was created. The first stage of work of the Customs union of Belarus, Russia and Kazakhstan began on January 1, 2010. It is predicted that creation of the Customs union will allow Belarus, Kazakhstan and to Russia to come by 2015 to gross domestic product gain in 15%. The Customs union creates the market, total volumes of which stocks of oil make 90 billions barrels. The total amount of gross domestic product - 2 trillion dollars, cumulative commodity turnover - 900 billion dollars.

Finally Customs union is started since July 1, 2010 with coming into effect of its Customs code.

The customs territory of the Customs union - the uniform customs territory of the Customs union which is made by territories of member states of the Customs union, and also exclusive economic zones and continental shelves of member states of the Customs union, artificial islands, installations, constructions and other objects concerning which member states of the Customs union possess the exclusive jurisdiction.

The Eurasian Economic Union (EAEU or EEU) is an economic union of states located primarily in northern Eurasia. A treaty aiming for the establishment of the EEU was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015. Treaties aiming for Armenia's and Kyrgyzstan's accession to the Eurasian Economic Union were signed on 9 October 2014 and 23 December, respectively. Armenia's accession treaty came into force on 2 January 2015. Although Kyrgyzstan's accession treaty will not come into force until May 2015, provided it has been ratified, it will participate in the EEU from the day of its establishment as an acceding state.

Literature: 1-36.

7. Plan of practical classes Theme №1. The essence and role of international trade in the world economy

1. Concept and essence of international trade. Commodity and geographical structure of international trade. Subjects and objects, types of international trade.

2. International Job Specialization (IJS). Specialization and cooperation.

3. World market. The opened and closed economy.

Questions for discussion:

- What is the international economic security and national security?

- Tell historical stages of development of foreign trade and its description.

- What is the commodity? Tell the geographical structure of foreign trade and how they changed over the last 50 years?

- Tell about current trends of development of foreign trade.

- Tell the types of International Job Specialization.

- Tell the industrial developed countries, countries with transitional economy, developing countries and new industrial countries.

- What are the internationalization and globalization and its characteristics?