The European and Eurasian integration forms are genuinely unique, with legislative, executive, and judicial powers at the supranational level. The comparative analysis used in this article was aimed at evaluating the Eurasian Economic Union’s (EAEU) integration in comparison with the European Union’s (EU). The article presents some common characteristics of the European and Eurasian integration processes besides noting several differences that may arise from the reasons for integration. The authors analysed, structured, and evaluated the features of the EU and EAEU by applying the interdisciplinary and comparative approach of the PESTEL factors analysis. The conclusion is that even though the EAEU has copied some EU operational mechanisms, the integration’s differences might always be tangible. The authors found particularly interesting how the historical roots of EU integration and the political reasons for enhancing the EAEU exist with similar institutional solutions. The integration’s aim in defining themselves as global actors in the globalised environment is very intriguing. It can be concluded that the EU might serve as an example worth following to the EAEU in many senses
Summary
Article 50 of the TEU acknowledges the right of the member states to withdraw from the EU. The provision entitles to a unilateral, unconditional, but not immediate withdrawal from the European Union, which renders relatively easy in procedural terms to trigger the process. As landmark need should also be noted, Article 50 of the TEU releases from the strictures of public international law, and in case its absence of an explicit withdrawal, so the applicable law will be the Vienna Convention on the Law of the Treaties. Short and long-term impacts could result from the negotiation process between the UK and the EU and “Hard” or “Soft” Brexit. In particular, how the “internal market” will be regulated, will it remain as a complete package or some part will be transformed depending on the future relations between the UK and the EU, the article will focus on the possible forms of relations such as Free Trade Agreement (FTA), European Economic Area (EEA), Custom Union Agreement (CUA), and Bilateral Agreement (BA).
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