Euro-Asian Economic Co-operation and Integration: Myths or Reality? Yelena Kalyuzhnova Director, The...
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Transcript of Euro-Asian Economic Co-operation and Integration: Myths or Reality? Yelena Kalyuzhnova Director, The...
Euro-Asian Euro-Asian Economic Co-operation and Economic Co-operation and
Integration: Myths or Reality?Integration: Myths or Reality?
Yelena KalyuzhnovaYelena Kalyuzhnova Director, TheDirector, The Centre for Euro-Asian Studies, Centre for Euro-Asian Studies,
The University of Reading, UK The University of Reading, UK
UNECE WorkshopUNECE Workshop 8 November 2003 8 November 2003, , AthensAthens
ContentsContents
OObjectives of Regulatory Convergence bjectives of Regulatory Convergence
TThe Common Economic Zone within the he Common Economic Zone within the
CISCIS
EEnergy and Economies nergy and Economies
IInterregional Trade: Example of Gasnterregional Trade: Example of Gas
CCentral Asia's Emerging Energy Marketentral Asia's Emerging Energy Market
Objectives of Regulatory Objectives of Regulatory Convergence Convergence
Foster cooperation between countries with developed and developing regulatory systems
Ensuring safe and effective products Promoting technological innovation Facilitating international trade Information exchange for countries with developing
regulatory systems
The Common Economic The Common Economic Zone within the CIS Zone within the CIS
On 19 September 2003 the presidents of Russia, the Ukraine, Kazakhstan and Belarus signed the founding document to establish a "Common Economic Zone" (CEZ).
Glossary: Glossary: Economic zoneEconomic zone
Grouping of countries with some common economic features.
Examples of such economic zones are:
· EU15 (Member States of the European Union)· Euro-zone (Member States who have adopted the Euro: sometimes referred to as EUR 11 or, from 1 January 2001, EUR 12)· EFTA (Countries of the European Free Trade Association)· OPEC (Member States of the Organisation of Petroleum Exporting Countries)· NAFTA (Countries of the North American Free Trade Agreement)· CEZ ????
The Common Economic The Common Economic Zone within the CISZone within the CIS
The desire to “have a co-ordinated economic policy on several fronts, to harmonies the relevant legislations, and to create a single, independent, regulatory commission on trade and tariffs”.
The Common Economic The Common Economic Zone within the CISZone within the CIS
The agreement envisage free movements of
Goods and servicesCapitalLabour
The Common Economic Zone The Common Economic Zone within the CISwithin the CIS
CIS
Eurasian Economic Union GUUAM [Georgia-
Ukraine-Uzbekistan-Azerbaijan-Moldova]
CEZ ???
Example of turbulent Example of turbulent integration in the past:integration in the past:
Energy SectorEnergy Sector
The interested partiesTransit routesHydrocarbon in Euro-AsiaEmerging energy market of Central
Asia: lessons to be learnt
Transit RoutesTransit Routes
FragileFragile
Security remains a substantial problem Security remains a substantial problem
Finding alternate land-sea routes is a Finding alternate land-sea routes is a
difficult venturedifficult venture
Energy and Water Issues in Energy and Water Issues in Central AsiaCentral Asia
Upstream countries
Kyrgyzstan Tajikistan
POSSESSING: -Water
-Hydropower resources
LACKING:
-Oil and Gas resources
Downstream countries
Kazakhstan Uzbekistan TurkmenistanPOSSESSING: -Oil, Gas, CoalLACKING:-Water resources
CONFLICT OF
INTERESTS
ConclusionConclusion The early years of independence saw a sharp decline in most
sectors of these economies and increasing disintegration of the economic links between them, which highlighted their interdependence.
Control over the economic integration and co-operation is connected to the desire for power in the region.
The success of any further economic integration will be highly dependent on the policies adopted by the governments.