Kazakhstan’s First President as Initiator of Eurasian Integration

Kazakhstan’s First President as Initiator of Eurasian Integration

Kazakhstan’s First President Nursultan Nazarbayev initiated the Eurasian integration. This year marks 25 years since the idea about the economic association was first suggested in the Moscow State University.

Back in 1994, Nazarbayev offered a ‘Project on the Establishment of the Eurasian Union of Countries’. 20 years later, the leaders of Kazakhstan, Russia and Belarus signed the Treaty on the Eurasian Economic Union in 2014.

The union proved to be effective within the first five years. The EAEU turned into a common market of goods, capital and services with 180 million consumers. Kazakhstan made an active contribution to the development of the union.

In May this year, leaders of the EAEU countries appointed Nazarbayev as an Honorary Chairman of the Supreme Eurasian Council. Experts believe that Kazakhstan’s First President will continue guiding the Eurasian integration.

“Nursultan Nazarbayev is the experienced politician who can provide guidance during the discussions about the development trends of the Eurasian Economic Union. Kazakhstan’s First President underlined that the EAEU should not shut off from other economic associations but serve as a part of the global economic system,” said Sergei Rekeda, Director General of Center for study of integration prospects.

Experts believe that EAEU should identify a new strategy amid the protectionist wars and determine its development trends in the global trade market.

Nazarbayev’s Eurasian mission is expected to contribute to the union’s development in order to overcome the new challenges.