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External and Internal Trade: The EU and the EAEU Compared

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This graphic shows how the the overall level of internal trade among the member states of the Eurasian Economic Union (EAEU) remains relatively low at 14.6 percent, especially when compared to the European Union (EU), where around 64 percent of trade was between members in 2017. The graphic also shows the percentage of external trade for both unions. For an insight into Russia’s policy towards the EAEU and how this fits into Moscow’s Eurasian strategy, see Jeronim Perović’s chapter in Strategic Trends 2019 here.

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