The government approved the bill on Armenia’s accession to EEU

The government approved the bill on Armenia’s accession to EEU


The bill was introduced by the Ministry of Foreign Affairs and the Ministry of economic development and will be considered at the government meeting. The Treaty’s entry into force will ensure Armenia’s participation in the Eurasian economic Union from 2 January 2015.

MOSCOW, 18 Nov. The government Commission on legislative activities approved the bill on ratification of the agreement on Armenia’s accession to the Eurasian economic Union (EEU), reported Tuesday on the website of the Cabinet of Ministers.

The bill was introduced by the Ministry of Foreign Affairs and the Ministry of economic development and will be considered at the government meeting.

“The Treaty’s entry into force will ensure Armenia’s participation in the Eurasian economic Union from 2 January 2015 and will allow you to start the process of reducing exemptions and restrictions including barriers, mutual access of businesses to market States — parties to the Treaty”, — stated in the message.

This would create the basis for further development of trade, economic and cooperative ties, enhance the competitiveness of national industries and strengthen the position of EEC on the world markets.

Russia, Belarus and Kazakhstan signed in may and have already ratified the Treaty establishing the Eurasian economic Union from 1 January 2015 10 October in Minsk signed a Treaty on accession of Armenia.

How created the EEU

The Eurasian economic Union (EEU) and economic Union within the Eurasian integration 1 January 2015 is created on the basis of the Customs Union of Russia, Kazakhstan and Belarus. Cooperation in the field of interstate integration in the economic sphere in the post-Soviet space is carried out from late 1990-ies. 26 February 1999 Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the agreement on the Customs Union and the common economic space. Read more in help >>

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