Eurasian Integration Yearbook 2012

Viktor Ivanter, Valery Geets, Vladimir Yasinskiy, Alexander Shirov,and Andrey Anisimov. “The Economic Effects of the Creationof the Single Economic Space and Potential Accession of Ukraine”Customs Unionand the Single Economic Space120010008006004002000Figure 1.6.Gain in the fourcountries’ aggregateGDP from creatingSES and Ukrainejoining it ($ billion,cumulative, 2010prices)20112012201320142015201620172018201920202021202220232024202520262027202820292030Russia Kazakhstan Belarus Ukraine%32.521.510.50Figure 1.7.Countries’contribution to thecumulative integraleffect of creatingSES and Ukrainejoining it(% of the fourcountries’ aggregateGDP)20112012201320142015201620172018201920202021202220232024202520262027202820292030Russia Kazakhstan Belarus UkraineConclusionsThe following key conclusions can be drawn based on the findings of ourresearch:1. The intensification of integration within the SES of Russia, Kazakhstanand Belarus through the fostering of trade ties, industrial cooperation, andtechnological convergence will help increase their aggregate annual GDPby the end of the forecast period by approximately 2.5% compared to theirEurasian Development Bank39