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Abstract
This article examines the Treaty on the Eurasian Economic Union (EAEU) from the perspective of its impact on the deepening of investment cooperation among member countries. It evaluates the mutual investments of Belarus, Kazakhstan, and Russia and identifies issues in those areas. It shows the need for concluding a preferential investment agreement within the future EAEU and for creating a free investment zone that will stimulate the whole system of economic cooperation among member countries, as well as opening up new opportunities for the development of their cooperation with third countries.
Notes
English translation © 2016 Taylor & Francis Group, LLC, from the Russian text © 2014 “Voprosy ekonomiki.” “O zone svobodnykh investitsii Evraziiskogo ekonomicheskogo soiuza,” Voprosy ekonomiki, 2014, no. 8, pp. 58–69. Boris Aronovich Kheifets is a Candidate of Economic Sciences, professor, and chief researcher at the Institute of Economy, Russian Academy of Sciences.Translated by Brad Damaré.
1. Treaty on the Eurasian Economic Union; available at www.economy.gov.ru.
2. For more on quasi-offshore jurisdictions, see Kheifets (Citation2013b).
3. Russian investments in Kazakhstan amount to $16 billion; see http://analysisnresearch.com/node/.
4. Foreign Direct Investment in the Republic of Belarus by country; see www.nbrb.by/statistics/ForeignDirectInvestments/Domestic/countries.xls.
5. For more, see Article 30, Appendix 16 to the EAEU Treaty; available at www.economy.gov.ru.
6. ASEAN Investment Area (AIA) Council; see www.asean.org/communities/asean-economic-community/category/overview-14.