Can the EAEU deliver external integration to business?

Abstract

Purpose: The research aims to analyze the EAEU's abilities to develop business connections as part of external-integration relations. It is to check whether or not free trade agreements and economic cooperation agreements translate into business and economic effects. As the EAEU has its ambition to become a bridge connecting Asia with Europe, the agreements concluded with third countries seem to be part of its strategy to achieve this goal. Due to the above, the research attempts to answer the question about key advantages enabling the creation of such a bridge. It takes into account a vantage the EAEU countries have resulting from their geographical location as well as evaluates skills and possibilities of developing logistics corridors in transcontinental relations, creating appropriate transport infrastructure, logistics centers and comprehensive development of logistics competences. Design/Methodology/Approach: The research was carried out with a multi-criteria method using critical literature analysis, logical construct method as well as statistical research. Findings: The research identifies and assesses main business and logistics areas of the EAEU's impact on external-integration in Eurasia. Practical Implications: The areas studied in the article may constitute significant comaparative advantages of the EAEU and affect business relations in Eurasia. Originality/Value: The research concerns a new dimension of external integration of the EAEU. The researched agreements as well as their business and logistic effects can have significant consequences for the whole of Eurasia.