EURASIAN ECONOMIC COMMUNITY

Eurasian Economic Community: translation

(EAEC or EurAsEC)

The Eurasian Economic Community began as a custom union established in 1996 among theCommonwealth of IndependentStates’ members of Russia,Belarus, andKazakhstan. The current entity was agreed on 10 October 2000, and addedKyrgyzstanandTajikistanto the group. In 2006,Uzbekistanformally joined the Eurasian Economic Community, thus alleviating the need for a separate Organization of Central Asian Cooperation, which was folded into the EAEC. The members hope to establish a single economic space by 2010; Kazakhstan’s president, Nursultan Nazarbayev, has called for the implementation of a single currency for the group, tentatively titled theyevraz. Freedom of movement has ostensibly been established between the nations, though border controls remain in place in many areas.