Şamil BALCI

Bektaş BULUT

The Eurasian Economic Union ("EAEU") is an organisation that ensures and regulates the free movement of goods, services, capital and labour between its member states. This economic union is a form of economic integration under which existing customs duties,  taxes and tariffs with equivalent effects on trade between member countries are abolished and a common customs tariff is also applied to third countries outside the union. The Eurasian Economic Union has been established to promote economic cooperation and integration, particularly between the former Soviet states, and to increase free trade between its member states. It can be said that this large economic organization presents a variety of opportunities and challenges for its member countries. Various dynamics, such as the economic structure and the level of development of countries, may differentiate the impact of the union on member states. For this reason, assessing the impact of the union on member states is of great importance for their economic policies.

In this context, the objective of the study is to examine in which direction (positively or negatively) the Eurasian Economic Union has effects on Kyrgyzstan between 2013 and 2022, and to evaluate it in terms of GDP, national income per capita, inflation rate, growth rate, foreign trade balance indicators.  

Consequently, the results of the study show that Kyrgyzstan's economic indicators are generally stable apart from the pandemic period. However, in comparison to other member states, the economic growth rate of Kyrgyzstan is low and the per capita income level is lower than in other countries. In addition, the foreign trade balance of Kyrgyzstan is constantly experiencing a deficit and this deficit has been increasing especially in recent years.

Key words: Economy of Kyrgyzstan, the Eurasian Economic Union, trade relations of Kyrgyzstan, Customs Union, the impact of the Eurasian Economic Union on Kyrgyzstan