Trade in services of member states of the Eurasian Economic Union

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Introduction On May 29, 2014, the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation signed the Treaty on the Eurasian Economic Union, which entered into force on January 1, 2015 (Treaty on the EAEU). Since January 2, 2015, the Republic of Armenia joined the Treaty on the EAEU (Treaty on the Accession of the Republic of Armenia to the Treaty on the Eurasian Economic Union, 2014), from August 12, 2015 - the Kyrgyz Republic (Treaty on the Accession of the Kyrgyz Republic to the Treaty on the Eurasian Economic Union, 2014). The EAEU Treaty was the result of two years of codification of international treaties within the framework of a single economic space. The Treaty on the EAEU established the Eurasian Economic Union (EAEU) as an international organization of regional economic integration with international legal personality. One of the main objectives of the EAEU is the desire to create a single market for goods, services, capital, and labor within the union. According to the Treaty on the EAEU, the “EAEU Single Market of Services” (Legal portal of the Eurasian Economic Union, 2011) is understood as a market situation of services within the specific sector in which each state member grants to persons of any other state member the right on: 1) supply and receipt of services without any restrictions, exceptions and additional requirements; 2) supply of services without an additional institution in the form of a legal entity; 3) supply of services based on a permit for the supply of services received by a service provider in the territory of its Member State; 4) recognition of the professional qualifications of the personnel of the service supplier. Today, the EAEU has been operating since January 1, 2015, EAEU Single Market of Services has been created in 52 sectors, and therefore, the analysis of trade in services (external and internal) of the EAEU member states presented in this article that could show whether efforts to create a single EAEU services market have a practical impact on increasing internal trade in services. Literature review Within the functioning of the WTO, it should be noted the general agreement on trade in services (further - the Agreement; became effective in January 1995) representing the body of principles and rules of trade in services. The purpose of this Agreement is the creation of a multilateral system of the principles and rules of trade in services for the expansion of such trade on the terms of transparency and purchasing liberalization and as means of assistance to the economic growth of all trading partners, to development of developing countries. The scope of the Agreement extends to the measures of the countries of the WTO affecting trade in services (Legal portal of The World Trade Organization, 1995). Trade in services within the Eurasian Economic Union is not highlighted in publications of domestic and foreign authors not often. However, this fact does not reduce the importance and relevance of this subject and allows completing studying this problem. One of the innovators in the question of trade in services in the Eurasian Economic Union is A. Zhurova with the work “Trade in services in the Eurasian Economic Union. The education guidance” (Zhurova, 2016) in which questions of the service industry liberalization, features of regulation of international trade in services within the WTO, trade in services in the European Union, NAFTA, MERCOSUR are considered. Special attention is paid to the creation of the domestic market of EAEU. The methodology of the study During the research, EAEU and member countries' legal acts were used, as well as comparative, analytical, statistical, descriptive, historical, systematic research methods. Results The Supreme Eurasian Economic Council approves the single market of services within the union and today consists of 52 sectors (Information and legal system of regulatory legal acts…, 2014) that by different calculations is estimated at 50-55% of all sectors of services. The author considered the dynamics of foreign trade in services of EAEU member states with third countries and the dynamics of internal trade in services between EAEU member states during the period of the EAEU functioning. Concerning foreign trade in services, Article 38 of the EAEU Treaty establishes that the Member States shall coordinate trade in services with third parties, while this coordination, however, shall not imply any supranational jurisdiction of the union in this sphere. Thus, we can say that foreign trade in services has been preserved in the national competence of member states. In particular, an example of this is the dissemi- nation of section 8 “Trade in services, investments, and movement of persons” of the Free Trade Agreement between the Eurasian Economic Union and its member states, on the one hand, and the Socialist Republic of Vietnam, on the other hand, only to the Russian Federation and Vietnam (Legal portal of the Eurasian Economic Union, 2015). To assess the potential of foreign trade in services of EAEU countries, we consider the dynamics of trade in services of EAEU member states with third countries in 2015-2018 (Table 1). Table 1 Dynamics of trade in services of EAEU member states with third countries, 2015-2017, million dollars Indicator 2015 2016 2017 Growth (decrease) 2017 to 2015,% Export of services Republic of Armenia - - - - Republic of Belarus 4 845.30 5 086.80 5 604.70 15.7% Republic of Kazakhstan 4 284.70 4 529.90 4 653.30 8.6% The Kyrgyz Republic* - 325.60 294.10 - Russian Federation 32 836.80 47 016.40 53 501.90 62.9% EAEU** 41 966.80 56 958.70 64 054.00 52.6% Import of services Republic of Armenia - - - - Republic of Belarus 3 109.7 3 123.9 3 234.9 4.0% Republic of Kazakhstan 9 441.3 9 014.0 8 541.5 -9.5% Kyrgyz Republic н.д. 522.6 428.2 - Russian Federation 85 353.30 71 476.50 85 234.30 -0.1% EAEU 97 904.30 84 137.00 97 438.90 -0.5% Table 1, ending Indicator 2015 2016 2017 Growth (decrease) 2017 to 2015,% Turnover of services Republic of Armenia - - - - Republic of Belarus 7 955.00 8 210.70 8 839.60 11.1% Republic of Kazakhstan 13 726.00 13 543.90 13 194.80 -3.9% Kyrgyz Republic - 848.20 722.30 - Russian Federation 118 190.10 118 492.90 138 736.20 17.4% EAEU 139 871.10 141 095.70 161 492.90 15.5% Note: * data for the Kyrgyz Republic are given since 2016; ** no data for the Republic of Armenia. Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). Table 2 shows the share of trade in services with third countries in the aggregate trade indicators of the EAEU countries since the creation of integration. Table 2 Share of trade in services with third countries in the total volume of trade in services of the EAEU countries, 2015-2017, % Indicator 2015 2016 2017 Change of 2017 to 2015, % Export of services Republic of Armenia - - - - Republic of Belarus 73.1% 74.5% 71.5% -1.5% Republic of Kazakhstan 66.2% 71.8% 72.3% 6.1% The Kyrgyz Republic* - 38.7% 35.7% - Russian Federation 88.2% 92.8% 92.7% 4.4% EAEU** 83.4% 88.1% 88.0% 4.6% Import of services Republic of Armenia - - - - Republic of Belarus 70.8% 71.9% 67.4% -3.4% Republic of Kazakhstan 81.5% 81.5% 78.7% -2.8% Kyrgyz Republic - 50.0% 46.8% - Russian Federation 96.2% 95.9% 96.0% -0.2% EAEU 93.5% 92.4% 92.5% -1.0% Table 2, ending Indicator 2015 2016 2017 Change of 2017 to 2015, % Turnover of services Republic of Armenia - - - - Republic of Belarus 72.2% 73.5% 70.0% -2.2% Republic of Kazakhstan 76.0% 78.0% 76.3% 0.3% Kyrgyz Republic - 45.0% 41.5% - Russian Federation 93.8% 94.6% 94.7% 0.9% EAEU 90.2% 90.6% 90.6% 0.4% Note: * data for the Kyrgyz Republic are given since 2016; ** no data for the Republic of Armenia. Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). Conclusions follow from the provided data: 1. Dynamics of trade in services with the third countries (foreign trade in services) of EAEU is specified: - significant increase in export of services to the third countries (for 52.6% in 2017 in comparison with 2015) - generally due to growth of trade in services of Russia with the third countries (up for 62.9%). At the same time, higher growth rates of trade with third countries as a whole are observed compared with trade between EAEU countries (Chernova et al., 2019); - the volume of service import from the third countries decreased (by 0.5% in 2017 in comparison with 2015) - Kazakhstan made the main contribution to decreasing in the import of services from the third countries in EAEU - decrease in import of services in 2017 in comparison with 2015 was 9.5% or 899.8 mln USD; - prevailing trends in the dynamics of exports and imports determined the status of services turnover with third countries: it increased by 15.5% in 2017 compared to 2015. Negative dynamics of service turnover with third countries was typical only for Kazakhstan, with the turnover decreased by 3.9% in 2017 compared to 2015. Trade in services with third countries should be considered as the main driver for internal trade in services in the EAEU as part of a single service market creation. So, under “ideal” conditions, a decrease in the turnover of services with third countries should be accompanied by an increase in internal trade in services volume, and vice versa. At the same time, it should be noted that the decline in imports could have occurred for many other reasons (not only in connection with the replacement of imports of services from third countries by internal trade in services): unstable rates of national currencies, lack of need for specific types of services, etc. 2. The second group of trends in trade in services with third countries was quantitatively reflected in Table 1, from which the following main conclusions can be drawn: - in the period under review, there was an increase in the share of services exports in the total volume of exports of services of EAEU countries to third countries by 4.6%. Trade in services of the Kyrgyz Republic, which acceded to the Agreement on August 12, 2015, is characterized by the smallest share of export of services to third countries, 2.5 times lower than the average share of export of services to third countries in the EAEU (35.7% in 2017 in the Kyrgyz Republic compared with 88% in the EAEU as a whole). Thus, even at the time of the creation of the EAEU, trade in services of individual countries in terms of their exports was characterized by a low level of involvement in economic relations with third countries and, accordingly, significant prerequisites for creating an internal services market (Eurasian Economic Commission, 2018-2019); - a significant share of imports of services from third countries to the EAEU (92.5% in 2017) was formed mainly due to the contribution of imports of Russian services from third countries (96% in 2017). Thus, this is another confirmation that the main intra-territorial segment of the single services market and the source of its development in terms of their imports is Russia (Andronova, 2016); - in 2017, there was a slight increase in the share of services turnover in third countries (by 0.4% compared to 2015). In a situation where 85.9% (in 2017) of trade in services with third countries falls on Russia, the further development of the foreign trade in services of the EAEU will be determined by the trends in this state. Consider some indicators of internal trade in services in the EAEU since the creation of the union (Table 3). Table 3 Internal trade in services of EAEU member states, 2015-2017 Indicator 2015 2016 2017 Export of services Republic of Armenia - - - Republic of Belarus 1 786.10 1 740.20 2 229.60 Republic of Kazakhstan 2 191.20 1 777.10 1 785.60 The Kyrgyz Republic* - 515.50 529.60 Russian Federation 4 379.10 3 660.80 4 227.90 EAEU ** 8 356.40 7 693.60 8 772.70 Import of services Republic of Armenia - - - Republic of Belarus 1 280.0 1 223.3 1 563.0 Republic of Kazakhstan 2 141.0 2 048.8 2 316.3 Kyrgyz Republic - 521.9 487.6 Russian Federation 3 414.70 3 090.50 3 590.20 EAEU 6 835.70 6 884.50 7 957.10 Table 3, ending Indicator 2015 2016 2017 Turnover of services Republic of Armenia - - - Republic of Belarus 3 066.10 2 963.50 3 792.60 Republic of Kazakhstan 4 332.20 3 825.90 4 101.90 Kyrgyz Republic - 1 037.40 1 017.20 Russian Federation 7 793.80 6 751.30 7 818.10 EAEU 15 192.10 14 578.10 16 729.80 Note: * data for the Kyrgyz Republic are given since 2016; ** no data for the Republic of Armenia. Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). In the structure of internal trade, the bulk of cross-border mutual payments for services rendered falls to the most powerful economies - the Russian Federation and the Republic of Kazakhstan. Although the previous is quite natural, we note that a decrease in the aggregate share of these countries in mutual trade is definite (Figure 1). Thus, there is a geographical diversification of trade in services, a decrease in the dependence of the state of the single service market on a narrow group of countries. Figure 1. The share of the largest economies of the EAEU (the Russian Federation and the Republic of Kazakhstan) in the structure of internal trade in services (the ratio of internal trade in services in two countries to the total volume of internal trade in services in the EAEU), 2015-2017, % Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). Table 4 shows the data characterizing the share of internal trade in EAEU services in the total trade turnover of integration since its inception. Table 4 The share of internal trade in services of EAEU countries in the total integration turnover, 2015-2017, % Indicator 2015 2016 2017 Change of 2017 to 2015, % Export of services Republic of Armenia - - - - Republic of Belarus 26.9% 25.5% 28.5% 1.5% Republic of Kazakhstan 33.8% 28.2% 27.7% -6.1% The Kyrgyz Republic* - 61.3% 64.3% - Russian Federation 11.8% 7.2% 7.3% -4.4% EAEU ** 16.6% 11.9% 12.0% -4.6% Import of services Republic of Armenia - - - - Republic of Belarus 29.2% 28.1% 32.6% 3.4% Republic of Kazakhstan 18.5% 18.5% 21.3% 2.8% Kyrgyz Republic - 50.0% 53.2% - Russian Federation 3.8% 4.1% 4.0% 0.2% EAEU 6.5% 7.6% 7.5% 1.0% Turnover of services Republic of Armenia - - - - Republic of Belarus 27.8% 26.5% 30.0% 2.2% Republic of Kazakhstan 24.0% 22.0% 23.7% -0.3% Kyrgyz Republic - 55.0% 58.5% - Russian Federation 6.2% 5.4% 5.3% -0.9% EAEU 9.8% 9.4% 9.4% -0.4% Note:* data for the Kyrgyz Republic are given since 2016; ** no data for the Republic of Armenia. Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). Conclusions that indirectly characterize the efficiency of measures for the formation of the uniform market of services of EAEU follow from the data provided in Table 4. The emerging trends are “symmetrical” to the trends prevailing in trade in services with third countries. So, a decrease in the share of internal export of services from 16.6% in 2015 up to 12% in 2017 in the cumulative export of services of the countries of EAEU is observed. The largest economies made the most significant contribution to decrease in a share of internal export of services of EAEU: in Russia decreased in the called indicator in 2017 in comparison with 2015 was 4.4%, in Kazakhstan - 6.1%. We believe, in this regard, that even provided that four rather small economies of EAEU cannot make full foreign market of sale of services for the Russian economy, low share of internal export of Russia in EAEU (7.3% in 2017) is in many respects caused by the existing barriers of creation of the uniform market of services (Functioning of domestic market…, 2017). Besides, the EAEU member states fixed the Individual national lists of restrictions, exceptions, additional requirements, and conditions Decision of the Supreme Eurasian Economic Council No. 112, 2014): for the Republic of Kazakhstan - 30; for the Republic of Belarus - 28; for the Russian Federation - 38; for the Republic of Armenia - 9; for the Kyrgyz Republic - 13. Undoubtedly, many of these restrictions are a significant reason for the current situation in trade in services within the EAEU. Regarding integration import of services to EAEU, the positive dynamics connected with an increase in its share in the aggregate turnover of the countries of EAEU by 1% in 2017 in comparison with 2015 is observed. We will note heterogeneity in structure of internal import of services in the countries of EAEU (Figure 2) that is predetermined not only by the sizes of the corresponding economy, but also a condition of implementation of measures for elimination of barriers of development of internal trade in services and formations of the uniform market of services. Figure 2. Share of internal imports of services (ratio of internal trade in services to total internal and foreign trade in services) by EAEU countries, 2017 Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). Analyzing the reasons for the developing trends, we will pay attention also to the industry structure of internal trade in services for the considered period. In the structure of internal trade in services of EAEU by their types of transport services, trips, and other business services (Table 5) prevail. Table 5 Internal trade in services in the EAEU by type, 2015-2017, million dollars* Indicator 2015 2016 2017 Export Other material processing services 189.6 218.6 280.3 Maintenance and Repair 321.6 272.8 406.2 Transport services 2 324.2 2 072.4 2 203.3 Trips 6 462.0 21 697.5 24 804.1 Construction services 694.9 615.0 1 037.0 Insurance and services of private pension funds 34.1 33.9 44.2 Financial services 150.7 153.7 140.6 Intellectual Property Fee 166.7 81.2 85.8 Telecommunication, computer and information services 565.5 529.3 524.1 Other business services 1 010.0 922.1 951.0 Services to individuals and services in the field of culture and leisure 46.6 54.7 84.1 Government goods and services not elsewhere classified 29.9 33.3 21.2 Not distributed by service 0.0 34.4 52.7 Import Other material processing services 151.1 223.9 292.1 Maintenance and Repair 253.9 253.1 314.5 Transport services 1 566.4 1 629.8 1 974.4 Trips 2 359.4 2 337.5 2 248.5 Construction services 708.8 740.0 1 182.9 Insurance and services of private pension funds 20.7 28.7 40.8 Financial services 137.6 123.5 120.5 Intellectual Property Fee 67.5 57.1 62.0 Telecommunication, computer and information services 591.5 506.9 526.7 Other business services 905.0 893.6 1 065.0 Services to individuals and services in the field of culture and leisure 51.8 49.1 84.2 Government goods and services not elsewhere classified 22.0 22.7 24.7 Not distributed by service 0.0 18.6 20.8 Table 5, ending Indicator 2015 2016 2017 Turnover Other material processing services 340.7 442.5 572.4 Maintenance and Repair 575.5 525.9 720.7 Transport services 3 890.6 3 702.2 4 177.7 Trips 5 182.0 5 009.7 5 190.7 Construction services 1 403.7 1 355.0 2 219.9 Insurance and services of private pension funds 54.8 62.6 85.0 Financial services 288.3 277.2 261.1 Intellectual Property Fee 234.2 138.3 147.8 Telecommunication, computer and information services 1 157.0 1 036.2 1 050.8 Other business services 1 915.0 1 815.7 2 016.0 Services to individuals and services in the field of culture and leisure 98.4 103.8 168.3 Government goods and services not elsewhere classified 51.9 56.0 45.9 Not distributed by service 0.0 87.2 97.6 Note: data for the Kyrgyz Republic are given since 2016, no data for the Republic of Armenia. Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). Table 6 The share of internal trade in services of EAEU countries by type in the total integration turnover, 2015-2017, % Indicator 2015 2016 2017 Export Total 16.6% 11.9% 12.0% Other material processing services 16.1% 12.4% 16.4% Maintenance and Repair 17.8% 15.2% 18.7% Transport services 26.5% 8.7% 8.2% Trips 26.4% 25.5% 24.6% Construction services 13.8% 12.4% 17.6% Insurance and services of private pension funds 4.8% 7.4% 10.1% Financial services 12.0% 12.5% 11.7% Intellectual Property Fee 22.2% 14.0% 11.2% Telecommunication, computer and information services 11.1% 10.1% 8.4% Other business services 7.4% 7.2% 7.0% Services to individuals and services in the field of culture and leisure 13.2% 12.6% 16.5% Government goods and services not elsewhere classified 2.7% 3.1% 1.8% Not distributed by service 0.0% 57.5% 67.3% Table 6, ending Indicator 2015 2016 2017 Import Total 6.5% 7.6% 7.5% Other material processing services 75.3% 83.4% 90.5% Maintenance and Repair 14.7% 13.1% 14.0% Transport services 10.4% 10.9% 10.9% Trips 6.2% 8.7% 6.6% Construction services 9.4% 10.8% 16.6% Insurance and services of private pension funds 1.4% 2.7% 3.1% Financial services 5.7% 4.6% 4.4% Intellectual Property Fee 1.1% 1.1% 1.0% Telecommunication, computer and information services 9.7% 8.4% 8.9% Other business services 3.8% 4.0% 4.4% Services to individuals and services in the field of culture and leisure 4.4% 4.4% 5.4% Government goods and services not elsewhere classified 1.3% 1.3% 1.6% Not distributed by service 0.0% 23.1% 22.4% Turnover Total 9.8% 9.4% 9.4% Other material processing services 24.7% 21.9% 28.1% Maintenance and Repair 16.3% 14.1% 16.3% Transport services 16.3% 9.6% 9.3% Trips 10.7% 13.4% 11.3% Construction services 11.2% 11.5% 17.0% Insurance and services of private pension funds 2.5% 4.2% 4.9% Financial services 7.9% 7.1% 6.6% Intellectual Property Fee 3.5% 2.4% 2.1% Telecommunication, computer and information services 10.3% 9.2% 8.6% Other business services 5.2% 5.2% 5.3% Services to individuals and services in the field of culture and leisure 6.4% 6.7% 8.2% Government goods and services not elsewhere classified 1.8% 2.0% 1.7% Not distributed by service 0.0% 37.8% 43.0% Note: data for the Kyrgyz Republic are given since 2016, no data for the Republic of Armenia. Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed July 14, 2019). The share of each type of service in their total turnover is given in Table 6. Apparently, most of the countries of EAEU succeeded in internal trade in services in such industries as services in processing of the material resources belonging to other parties (28.1% of internal trade in the total turnover of services for 2017), construction services (17% in 2017), technical maintenance and repair (16.3% in 2017), trips (11.3%). The other industries of services are characterized by values below 10% or instability during the functioning of EAEU. The revealed trends can characterize insufficient efficiency of the measures for forming the uniform market of services of the countries of EAEU undertaken in current conditions. This once again confirms that the main objective is to strengthen economic ties between the EAEU countries through the creation of common economic interests. Thus, by results of the carried-out analysis of a condition of the uniform market of services of the countries of EAEU from the moment of creation of this integration consolidation, trends which characterize the measures for forming of the uniform market of services undertaken by the countries as insufficiently active and demanding further improvement as the chosen course of development of the uniform market of services, and concrete measures for its forming were observed (Gusakov, Andronova, 2015). Figure 3. The ratio of the share of foreign and internal trade in services in the EAEU countries in terms of their exports, 2015-2017, % Note: data for the Kyrgyz Republic are given since 2016, no data for the Republic of Armenia. Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). For the analyzed period (from the moment of creation of EAEU), there was a decrease in a share of internal trade in services (their turnover - as the amounts of export and import of services) up to 9.4% in 2017 (in comparison with 9.8% in 2015). The lack of the full-fledged statistical base of particular countries of EAEU attracts attention that complicates the development of concrete measures for the development of the uniform market of services. For example, in the official generalized statistics of the countries of EAEU, there are no data on trade in services of the Republic of Armenia. Data of the Central Bank of a said country also do not give a picture of trade in services with the EAEU countries. In cost values increase in the volume of internal trade in services regarding their turnover at 1.5 bln USD in 2017, in comparison with 2015, is observed. The decrease in a share of internal trade in services regarding their turnover is caused by high rates of a gain of trade in services with the third countries. Thus, it is possible to say that there is a gradual replacement of internal trade in services external that can be represented visually in a schedule type (Figures 3-5). Figure 4. The ratio of the share of foreign and internal trade in services in the EAEU countries in terms of their imports, 2015-2017, % Note: data for the Kyrgyz Republic are given since 2016, no data for the Republic of Armenia. Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). 90,2% 90,6% 90,6% 9,8% 9,4% 9,4% 100% 80% 60% 40% 20% 0% 2015 г. 2016 г. 2017 г. Share of domestic trade Share of foreign trade Figure 5. The ratio of the share of foreign and internal trade in services in the EAEU countries in terms of their turnover, 2015-2017, % Note: data for the Kyrgyz Republic are given since 2016, no data for the Republic of Armenia. Source: Eurasian Economic Commission. Export and import of services in the Eurasian Economic Union. 2017. Statistical Bulletin. http://www.eurasiancommission.org/en/act/integr_ i_makroec/dep_stat/fin_stat/statistical_publications/Pages/default.aspx (accessed: 14.07.2019). Conclusion Problems of forming the uniform market of services in the territory of EAEU are shown especially visually shown in the analysis of trends by the specific countries and the industries of services that were shown earlier in the industry and regional analysis of forming of the uniform market of services of integration. The particular countries, first of all, the leading economies of EAEU, which form the main potential of development of the uniform market of services, are allocated. Today EAEU member countries not fully managed to overcome regulatory requirements and procedures in the market of the union that interferes with further market development of services. Within functioning of the uniform market of services in the territory of the countries of EAEU conditions for providing the free movement of services, diversification of business in the service industry have to be created, new types of business in the territory of the EAEU partner countries are created, additional investments into economies of the countries of EAEU at the expense of the direction of internal cash flows are involved.

About the authors

Kuanysh N. Yelikbaev

Author for correspondence.
Email: kuan1@mail.ru

Deputy Director of Internal Markets Operation Department

References