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Five Years of the EAEU Services Common Market

On January, 1 2015, after many years of attempts, single (common) market for services was created in 43 sectors within the framework of the Eurasian Economic Union (EAEU). Today this market has expanded and covers 53 sectors. The analysis of foreign and mutual services trade of the EAEU countries at the end of 2019 showed that the share of domestic exports of services had practically not increased since the creation of the EAEU, the export of many types of services between the EAEU countries had decreased, there was no trade in many types of services between some member-states. In some cases, import of services from third countries have practically replaced imports from EAEU countries. This can be explained mainly by barriers, derogations and restrictions, the lack of legislation on single market of services implemented on national levels along with the need to diversify the structure of mutual trade in services.