Özet:

The last fifteen years re-unification and integration efforts in the territory of the former Soviet Union finally yielded results with Russia’s reassertion and ending its isolation. In Eastern Europe the Eurasian Economic Union (EEU) has become an alternative to the European Union and a center of gravity. Eurasian Economic Union expansion efforts in Eastern Europe has started to clash with the European Union’s enlargement policy. For many Central Asian countries the Eurasian Economic Union has also emerged as an alternative. In this article the creation and development of the Eurasian Economic Union is studied, then the possible positive and negative effects of Kyrgyzstan’s accession to the Eurasian Customs Union are analyzed. As positive results, trade with the Eurasian Customs Union countries and customs revenues will increase, border security will be ensured, investment and the labor remittances will increase. Among negative effects are the unemployment and the rise in prices of the consumer goods because of Kyrgyzstan will lose its re-export character. For Turkish businessmen, exporting to Kyrgyzstan will become more expensive, therefore the number of foreign direct investment in the country will increase. However, despite the negative economic consequences, Kyrgyzstan accession to the Eurasian Customs Union is seen as a political decision due to the absence of another alternative

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