Economic Effects On Trade Of Kyrgyzstan's Entry To The Eurasian Economic Union

From 1 January 2015 in the geopolitics emerged a new international organization—the Eurasian Economic Union(EAEU or EEU),which unites Belarus,Kazakhstan,Russian Fed-eration,Armenia and Kyrgyzstan.The EEU—a fundamentally new object of socio-economic research,so the study of the peculiarities of its formation and functioning,as well as influence on the economy of each participant in the world process of globalisation is of great scientific interest.The accession of Kyrgyzstan to the EEU is the result of great new joint work on the integration.Entry into the EAEU for Kyrgyzstan opens new perspectives-removes barriers to goods' movement,services,capital and labor,opens new investment opportunities,prospects of implementation of large infrastructure projects,primarily in the areas of energy,transport and agriculture.On the other hand,the new Common External Tariff regime will definitely reduce trade with third countries,such as China.For the moment,re-export of Chinese goods is among the most important fields for the economy of Kyrgyz Republic.Also Kyrgyzstan is the member of WTO and should not violate the its'rules.The purpose of writing current research is the evaluation of the economic effects of Kyrgyzstan's accession to the Eurasian Economic Union,and trade of goods in particular.The current paper observes Kyrgyzstan export-import relations with main trading partners ?Russia,Kazakhstan and China for the period from 2008 to 2015.The research findings show:structure of the EAEU and what are the main reasons of participants;which specific commodities of Kyrgyz Republic are more competitive in the world market and trade with main partners;how the new tariff regime will influence on trade with China and Net Creation of Trade,and whether it can be replaced by trade with member-countries of the union.