The Eurasian Economic Union in search of strategic partners: The gravity effects of integration blocs

The present contribution aims at researching the new Eurasian project on post-Soviet area, Economic Union, by analyzing legal aspects of both its institutional and economic frameworks. Because relatively small size, not only should Union increase bilateral trade with member states but also promote commerce outside Union. In this regard, crucial objective for success is development longterm relationships strategic partners based mutual benefits shared values. We applied gravity model identified which factors influence foreign trade, including differences in partners? values a neo-institutional approach, analyzed those integration blocs groups countries to deter-mine develop partnerships.