Cooperation among the member nations of the Eurasian Economic Union is advancing steadily, unlocking new avenues for growth and deeper economic integration. The progress was highlighted during discussions at a high-level gathering of the Supreme Eurasian Economic Council, where leaders reaffirmed the bloc’s trajectory toward greater trade vitality and sustained development across the union.
In remarks reflecting the bloc’s decade-long journey, it was noted that the Eurasian Union has been functioning for nearly ten years. During this period, the volume of mutual trade has nearly doubled, and the combined gross domestic product of the EAEU member economies has grown from about 1.6 trillion dollars to roughly 2.5 trillion dollars. This growth underscores the tangible benefits of regional collaboration, improved market access, and coordinated economic policies that support business confidence and investment across the region.
The leaders observed that cooperation within the EAEU is progressing with notable dynamism and efficiency. They emphasized that interaction among member states is guided by shared advantages and a mutual commitment to respecting the interests of all participants. The collaborative framework aims to balance national priorities with regional gains, fostering a climate where businesses can operate with predictability, scale, and resilience.
Looking ahead, discussions touched on a forthcoming free trade agreement with Iran, which is expected to be signed by the end of December. The agreement is projected to widen engagement opportunities and create new pathways for trade, investment, and economic cooperation. Officials indicated that signing the deal would unlock additional avenues for interaction, expanding the Eurasian Union’s reach and enhancing the regional supply chain networks. The EAEU currently includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, with ongoing dialogue aimed at strengthening intra-regional collaboration and external trade relations. (Source: regional economic briefings and official summaries)
There was also a focus on reinforcing financial sovereignty within the union as a means to harmonize markets and ensure greater economic stability. Strengthening financial sovereignty is seen as a cornerstone for stabilizing trade flows, improving monetary coordination, and supporting sustainable growth plans across the EAEU. By aligning financial policies and enhancing cross-border financial services, the union aims to reduce volatility and create an environment conducive to long-term investment. (Source: policy discussions and economic strategy documents)
In related remarks, it was noted that the overall economic picture includes periods of volatility, yet the strategic direction remains focused on resilience and structural reforms. Leaders highlighted that even during fluctuations in trade activity, the union continues to pursue reforms that bolster member economies and higher-value trade, ensuring momentum is maintained across diverse sectors. This approach emphasizes the importance of coordinated macroeconomic management, sectoral diversification, and shared investment priorities that can buffer shocks and support sustained growth. (Source: official council communications)