Commonwealth of Nations
The Commonwealth comprises 53 countries, across all continents. The members have a combined population of 2.4 billion people, almost a third of the world population, of which 1.26 billion live in India, 220 million live in Pakistan and 94% live in Asia and Africa combined. After India, the next-largest Commonwealth countries by population are Pakistan (220 million ), Nigeria (170 million), Bangladesh (156 million), and the United Kingdom (65 million). Tuvalu is the smallest member, with about 10,000 people.
Commonwealth of Independent States
After discussion about the creation of a common economic space between the Commonwealth of Independent States (CIS) countries of Russia, Ukraine, Belarus, and Kazakhstan, agreement in principle about the creation of this space was announced after a meeting in the Moscow suburb of Novo-Ogarevo on 23 February 2003. The Common Economic Space would involve a supranational commission on trade and tariffs that would be based in Kiev, would initially be headed by a representative of Kazakhstan, and would not be subordinate to the governments of the four nations. The ultimate goal would be a regional organisation that would be open for other countries to join as well, and could eventually lead even to a single currency.
On 22 May 2003, the "Verkhovna Rada" (the Ukrainian Parliament) voted 266 votes in favour and 51 against the joint economic space. However, most believe that Viktor Yushchenko's victory in the Ukrainian presidential election of 2004 was a significant blow against the project: Yushchenko has shown renewed interest in Ukrainian membership in the European Union and such membership would be incompatible with the envisioned common economic space. Yushchenko's successor Viktor Yanukovych stated on 27 April 2010 "Ukraine's entry into the Customs Union of Russia, Belarus and Kazakhstan is not possible today, since the economic principles and the laws of the WTO do not allow it, we develop our policy in accordance with WTO principles". Ukraine is a WTO member.
A Customs Union of Belarus, Kazakhstan and Russia was thus created in 2010, with a single market envisioned for 2012.