Share
3,2%of the World GDP
3,7%of the global industrial production
3,7%of the world export

General economy indicators

  • Gross domestic product of the EAEU in 2014 —
    $2.2 tn
  • Industrial production in 2014 —
    $1.3 tn
  • Volume of external trade of the EAEU with third countries in 2014 —
    USD 877.6 bn (3.7% of the world export, 2.3% of the world import)
2,5%of the world population
2,8%of the world economically active population
 4,9%below the EU level

POPULATION

  • Population as of January 1, 2016 —
    182.7 mln people
  • Number of economically active population in 2014 —92.9 mln people
  • Unemployment rate — 5,3% (the UN - 10.2%, the USA - 6.2%, World - 8.4%)
14,6%of the global production
18,4%of the global production
5,1%of the global production

ENERGY INDUSTRY

  • Oil production — 607.5 mln ton1st in the World
  • Gas production — 682.6 mln cu m2st IN THE WORLD
  • Power generation — 1,210.2 mln kW/h4rd IN THE WORLD
4,5%of the global production
10,8%of the global production
4,5%of the global production

MANUFACTURING INDUSTRY

  • Steel production —
    76.9 mln ton 5th IN THE WORLD
  • Mineral fertilizers production —
    27,349 thd ton 2nd IN THE WORLD
  • Cast iron production —
    54.6 mln ton 3th IN THE WORLD
    2in the World
    5in the World
4,4%of total Internet users in the World

INFRASTRUCTURE

  • Rail mileage —
    107.0 thd km
  • Stretch of road —
    1605.9 thd km
  • Proportion of the population having Internet access —
    59.4% of the population
5,5%of the global production
5,5%of the global production
7%of the global production

AGRICULTURE

  • Agricultural production —
    $144.1 bn
  • Gross production of grain and leguminous crops —
    134 mln ton — 5th IN THE WORLD
  • Milk production — 44 mln ton3rd IN THE WORLD

Eurasian
Economic
Union

The Eurasian Economic Union is an international organization for regional economic integration. It has international legal personality and is established by the Treaty on the Eurasian Economic Union.

The EAEU provides for free movement of goods, services, capital and labor, pursues coordinated, harmonized and single policy in the sectors determined by the Treaty and international agreements within the Union.

The Member-States of the Eurasian Economic Union are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation.

The Union is being created to comprehensively upgrade, raise the competitiveness of and cooperation between the national economies, and to promote stable development in order to raise the living standards of the nations of the Member-States.

The republic of Kazakhstan The republic of Armenia The Russian Federation The republic of Brlarus The Kyrgyz Republic
Serzh Sargsyan

President
of the Republic
of Armenia

Serzh Sargsyan

Alexander Lukashenko

PRESIDENT
of the Republic
of Belarus

Alexander Lukashenko

Nursultan Nazarbayev

President
of the Republic
of Kazakhstan

Nursultan Nazarbayev

Almazbek Atambayev

President
of the Kyrgyz
Republic

Almazbek Atambayev

Vladimir Putin

President
of the Russian
Federation

Vladimir Putin

The Republic
of Armenia
THE REPUBLIC
OF BELARUS
The Republic
of Kazakhstan
The Kyrgyz
Republic
The Russian
Federation
BACK TO GENERAL MAP
KEY INDICATORS
Priorities of National Economy
Yerevan The Republic
of Armenia
Yerevan

Capital — Yerevan
Territory — 29,7 thd sq. km2
Population — 3.0 million people


Serzh SargsyanPresident
of the Republic of Armenia
Serzh Sargsyan

The President of the Republic of Armenia
Serzh Sargsyan

"I confirmed Armenia's desire to join the Customs Union and become part of the Eurasian Economic Union formation.

20 years ago Armenia built its military security system in the form of a Collective Security Treaty in partnership with Russia and a number of other CIS countries. Over the decades that have passed ever since, the system has proved its viability and efficiency.

Today our CSTO partners are forming a new platform for economic interaction. Being a part of one military security system, it is impossible and inefficient to get isolated from the respective geo-economic space. It is a rational decision, and it comes out of Armenia's national interests."

Key Industries

Economic Indicators

Gross domestic product in 2014 is USD 10.9 bn. Annual growth rate for 2011 - 2014 — 104.7%.

Industrial output in 2014 - USD 3.1 bn. Annual growth rate for 2011 - 2014 — 108.0%..

Agricultural output in 2014 - USD 2.4 bn. Annual growth rate for 2011 - 2014 — 109.4%.

Volume of the foreign trade (in current prices) increased from USD 4.7 bn in 2010 to USD 5.9 bn in 2014, including export — from USD 1 bn to USD 1.5 bn, import — from USD 3.7 bn to USD 4.4 bn

Key Industries

Extraction and processing of construction raw materials, nonferrous industry, wine and cognac production. There are enterprises manufacturing metal-cutting machines, molding equipment, precision instruments, synthetic rubber, tires, plastics, chemical fibers, mineral fertilizers, electric motors, tools, microelectronics, jewelry, silk fabrics, knitted goods, legwears.

CUSTOMS INFRASTRUCTURE AT THE EAEU EXTERNAL BORDERS

Length of the customs border is 1,254.00 km (1.9%).

Comprises 4 automobile, 1 railway, 2 air border-crossing points.

Priorities of National Economy

Food Industry

Agriculture is an important sector of Armenian economy, which contributed 18 percent to the country's GDP in 2006 — 2010. The food sector in Armenia grows rapidly and has the largest export potential due to local organic agricultural products.

Mining Industry

Armenia is rich in some mineral resources. There are over 480 proven mineral deposits in the country. The mining industry makes important contributions to Armenia's economy and has become one of the most rapidly-growing export sectors in recent years with ores and metals constituting over a half of the country's export.

Energy

Energy is one of the most fully functional and profitable sectors of Armenia's economy. Armenia meets its domestic energy demands. Armenia has created an independent regulatory agency for energy, natural gas and heat supply systems. The country shows considerable progress in improvement of licensing, cross subsidies and profitable pricing, and tariff structure. With no industrial fuel resources, Armenia believes it is very important to develop its own renewable energy sources, e.g. hydro energy, wind and solar energy.

Information Technologies and Telecommunications

IT/telecommunications is one of the most productive sectors of Armenian economy. The government has declared IT a priority sector and supports it through various organizations, e.g. IT Development Support Council chaired by Armenian Prime-Minister, Enterprise Incubator Foundation. The sector of IT and telecommunications of Armenia has managed to attract global brands, such as Synopsys (carries out a significant part of its activity in Armenia), Microsoft, National Instruments, Mentor Graphics, Ericsson and Orange.

Chemical and Pharmaceutical Sectors

Abounding traditions of high-quality chemicals production made it possible for the pharmaceutical sector to become one of the most dynamically developing sectors in Armenia in the last decade. 57 percent of the products are exported, and the average annual increase has been 24 percent (since 2003). Such growth can be accounted for by several important factors: highly qualified and educated personnel, business enthusiasm and considerable local and direct foreign investments.

Tourism

Tourism is one of the leading and dynamically developing sectors of Armenia's economy. Having rich historical and cultural resources, Armenia can offer competitive tourist products and highly qualified services. In recent years, the average annual increment of tourists visiting Armenia has been 25 percent. In 2011, 800,000 tourists visited the country.

Source

BACK TO GENERAL MAP
KEY INDICATORS
Priorities of National Economy
Minsk THE REPUBLIC
OF BELARUS
Minsk

Capital — Minsk
TERRITORY — 207.6 THOUSAND SQ. KM2
POPULATION — 9.5 MILLION PEOPLE


Alexander LukashenkoPRESIDENT
of the Republic of Belarus
Alexander Lukashenko

PRESIDENT of the Republic of Belarus
Alexander Lukashenko

For Belarus, a deep productive integration with the closest neighbors has been, is and will always be a natural path of the development. Two referendums—with an absolute majority—gave the authorities a clear mandate for integration.

The best practices of integration within the Union State allow for their reasonable and confident application in a wider multilateral format. It is important for the Union State, Customs Union and Single Economic Space to enrich and complement one another.

Today we are coming to the implementation of the decisions conventionally called momentous. Our determination to enhance integration is not accidental. It's a manifest coming from life.

Key Industries

Economic Indicators

Gross domestic product in 2014 is USD 75.9 bn, annual growth rate for 2011 - 2014 — 102.4%.

Industrial output in 2014 - USD 65.2 bn, annual growth rate for 2011 - 2014 — 102.8%.

Agricultural output in 2014 - USD 12.8 bn, annual growth rate for 2011 - 2014 — 102.9%.

Volume of the foreign trade, including mutual trade (in current prices) increased from USD 60.2 bn in 2010 to USD 77.2 bn in 2014, including export — from USD 25.3 bn to USD 36.4 bn, import — from USD 34.9 bn to USD 40.8 bn.

Key Industries

Metallurgy, mechanical engineering, metal working, chemical and petrochemical industries, light and food industries.

Priorities of National Economy

Alternative Energy

To develop all the trends in alternative energy, the Republic of Belarus has a considerable potential in nature, climate and resources. The technical potential for the development of renewable energy sources (hereinafter—RES) in Belarus is estimated to be 80 million tons of coal equivalent, which exceeds the total energy consumption of the country.

Electronics and Home Appliances

Launching home appliances and electronics production in Belarus provides an opportunity to have an unfettered access to the rapidly growing market of all three of the SES Member-States (Russia, Belarus and Kazakhstan) with estimated volume in 2012 of around $33 billion ($41.7 billion including computers, office equipment and cell phones). The annual average growth rate for 2009-2012 was 11-12 percent.

Biotechnologies and Pharmaceuticals

Launching pharmaceuticals production in Belarus provides a duty-free access to the large and dynamically growing market of all three of the SES Member-States (Russia, Belarus and Kazakhstan). In 2013, the aggregate volume of the SES pharmaceutical market was ca. $35.2 billion in wholesale prices (over 80 percent of the total pharmaceutical market of the CIS countries). Launching pharmaceuticals production in Belarus provides a duty-free access to the large and dynamically growing market of all three of the SES Member-States (Russia, Belarus and Kazakhstan). In 2013, the aggregate volume of the SES pharmaceutical market was ca. $35.2 billion in wholesale prices (over 80 percent of the total pharmaceutical market of the CIS countries).

Source

BACK TO GENERAL MAP
KEY INDICATORS
Priorities of National Economy
Astana The Republic
of Kazakhstan
Astana

Capital — Astana
Territory — 2 724,9 thd sq. km2
Population — 17,4 million people


Nursultan NazarbayevPresident
of the Republic of Kazakhstan
Nursultan Nazarbayev

President of the Republic of Kazakhstan
Nursultan Nazarbayev

"For the first time in history, the Customs Union of Kazakhstan, Russia and Belarus brings our nations together on the basis of mutual respect, preservation of national identity and awareness of our common future's continuity.

A consistent transformation of the Customs Union into the Single Economic Space, and later on — into the Eurasian Economic Union will become a great impetus for our nations' prosperity. It will take our countries to leading positions in the world.

We are all witnessing the birth of a new unique Eurasian community of nations that has both extensive experience of the common past and an indivisible joint future."

Key Industries

Economic Indicators

Gross domestic product in 2014 is USD 212.2 bn, annual growth rate for 2011 - 2014 — 105.7%.

Industrial output in 2014 - USD 103.2 bn, annual growth rate for 2011 - 2014 — 101.8%.

Oil production, including gas condensate in 2014 — 80.8 mln ton, per capita — 4,676 kg.

Natural gas production in 2014 — 43.2 bn cu m, per capita — 2,498 cu m.

Agricultural output in 2014 — USD 14.0 bn, annual growth rate for 2011 - 2014 — 104.1%.

Volume of the foreign trade, including mutual trade (in current prices) increased from USD 91.4 bn in 2010 to USD 119.4 bn in 2014, including export — from USD 60.3 bn to USD 78.2 bn, import — from USD 31.1 bn to USD 41.2 bn.

Key Industries

Ferrous and non-ferrous metallurgy, chemical industry, mechanical engineering, light and food industry, as well as petroleum refining and production of construction materials.

Priorities of National Economy

Petroleum Refining and Oil-and-Gas Sector Infrastructure

Kazakhstan is ranked 11th in the world in oil reserves and 17th in gas reserves. In 2012 the Republic's extraction of oil and gas condensate made up around 79 million tons, gas extraction of 40 billion cubic meters. Average daily extraction of oil and gas condensate is over 200 thousand tons.

Ore Mining and Smelting

30 percent of the global reserves of chromium ore, 25 percent of manganese ores and 10 percent of iron ores are concentrated in Kazakhstan. Copper, lead and zinc reserves make up 10 and 13 percent of the global reserves, respectively. Kazakhstan is ranked 3rd in the world as a producer of titanium, 7th — of zinc, 8th — of lead, 13th — of iron ore, 15th — of copper, and 35th — of lead.

Chemical Industry

From 2008 to 2013, chemical industry production in Kazakhstan grew by 74.3 percent and made up Tenge 184.9 billion. In 2013, the chemical industry's specific weight in the overall industrial production was 1 percent. In 2013, the overall production of the chemical industry was $1,232 million.

Nuclear Industry

Ca. 19 percent of global explored reserves are concentrated in Kazakhstan sub-soils (According to IAEA). The country's total reserves are estimated at 802 tons of uranium.

Mechanical Engineering

Kazakh mechanical engineering industry's priority is to meet the demand of the domestic market to the fullest extent and expand export by raising manufacturing of products with high added value.

Pharmaceutical Industry

Kazakhstan's priority is to create environment for the import substitution of pharmaceutical and medical products based on modern technologies complying with international GMP standards. In the first six months of 2013, Kazakhstan exported pharmaceutical products for the total of $12.8 million, whereas the import for this period was $725.5 million.

Industry & Agriculture

The country's priority is the formation of food supplying belts around Astana and Almaty. Basic agriculture productions engaged in advanced processing of grain and meat will be primarily located in the northern regions.

Tourism

118 specially protected natural reservations operate in Kazakhstan, including 11 state national parks that allow eco-tourism. The Western Europe—Western China transport route that goes through five regions of Kazakhstan provides a unique opportunity to form a tourist cluster along it.

Information Technologies

As part of the program "Informational Kazakhstan-2020," the Government of the Republic has set four major goals to form an intellectual nation: efficient government management system; accessible information and communication infrastructure; information environment for social, economic and cultural development of the society; and developed information space.

Biotechnologies

Kazakhstan's own production of medical preparations makes up 11 percent (of which 1.1 percent is vaccines), veterinary preparations—78 percent, with the other preparations being imported.

Outer Space Exploration

Major goals of space sector in Kazakhstan is to create a full-fledged space exploration industry as a knowledge-intensive and high-tech sector of economy that would help accelerate the Republic's industry and innovation development, strengthen national security and defense, develop science and high technologies.

Alternative Energy

By 2015, wind turbines of total 125 MW are planned to be in operation that would yield 400 million kWh. By 2015, the Republic plans to commission new small hydroelectric power plants of total power over 100 MW that would yield 300 million kWh, by estimate. Taking into account the power the renewable energy sources produce at the moment, the production of power by RES is expected to be 1 billion kWh per year.

BACK TO GENERAL MAP
KEY INDICATORS
Priorities of National Economy
Bishkek The Kyrgyz
Republic
Bishkek

Capital — Bishkek
Territory — 199,9 thd km 2
Population — 5,9 million people


Almazbek AtambayevPresident
of the Kyrgyz Republic

Almazbek Atambayev

President of the Kyrgyz Republic
Almazbek Atambayev

The Member States of the Eurasian Economic Community are not just our economic partners, but first and utmost the neighbors who are spirits kindred to us. We have a common history and, I am sure, a common future.

Key Industries

Economic indicators

Gross domestic product in 2014 is USD 7.4 bn. Annual growth rate for 2011 - 2014 — 105.0 %.

Industrial output in 2014 - USD 3.1 bn. Annual growth rate for 2011 - 2014 — 104.5%.

Agricultural output in 2014 - USD 3.6 bn.

Volume of foreign trade (current prices) increased from USD 4.9 bn in 2010 to USD 7.6 bn in 2014, including export - from USD 1.7 bn. to USD 1.9 bn., import - from USD 3.2 bn. to USD 5.7 bn.

Oil production, including gas condensate in 2013 - 81.8 mln ton, per capita - 4,801 kg.

Natural gas production in 2013 - 42.4 bn m3, per capita - 2,489 m3

Main industries

Agriculture, hydropower, non-ferrous metallurgy, metal mining, machinery and instrument engineering, light and food industries.

Priorities of National Economy

TOURISM

There are over 67 thousand operating companies in the Kyrgyz Republic employing over 5.2% of workers of the country. Tourist services export is 678 million dollars. The sector accounts for 10% of the country's GDP. The annual amount of foreign visitors of the country is over 2.4 million people.

MINING INDUSTRY

The Kyrgyz Republic is situated on the one of the largest mineral deposits in Asia. The country is rich in mineral resources, it is well-known by its gold resources and rare metals deposits.

LIGHT INDUSTRY

Based on the simplified tax system and using cheap raw materials, light industry has been actively developing in the recent years. Thus, the growth rate of the production volume amounted to 59% over the last 5 years. In money equivalent, production of goods is USD 375 million per annum. 90,000 - 150,000 people are employed in the sector. The average monthly salary is USD 170. The industry is primarily focused on exports, 90% of products are supplied to the markets of Russia, Kazakhstan and Europe. Exports of clothing take the 2nd place in terms of volume after gold. 35,000 companies work in this sector. The sector uses the simplified tax system based on patent, which gave great impetus to the rapid development of the industry.

AGROINDUSTRIAL COMPLEX

Agroindustrial complex is one of the most high-priority and high-profit sectors of the Kyrgyz Republic. The sector's contribution to the country's economy is 17.5% of GDP. 30% of labour resource of the country are occupied in the industry. Over 357 thousand agricultural entities were registered in 2012. The annual gross output reaches USD 3.5 billion. All agricultural products are exempted from 12% VAT (Value Added Tax) that gives the industry competitive benefits in international markets.

TRANSPORTATION

Transportation is also an actively developing sector of the economy of the Kyrgyz Republic. Freight sector revenues in 2012 were USD 163 million. In 2012, the cargo traffic volume reached 39.4 million tonnes. The most widely-spread type of cargo transportation is motor freight transportation which amounted to 38 million tonnes in 2012.

CONSTRUCTION

Construction sector of the Kyrgyz Republic economy has a high potential. The scope of construction is growing every year in the Republic. Over 700 companies operate in this sector. The contribution to the country's GDP is 5.7%. In 2012, the industry growth reached 17%. According to official forecasts, the growth of the industry will reach 18% in the next 3 years.

ENERGY INDUSTRY

Energy sector is a strategic sector for the Kyrgyz Republic. Hydroelectric potential enables providing electric power not only in the entire country, but in the region's states. Hydraulic power engineering accounts for 53% of the whole volume of energy resources. This sector accounts for 2% of GDP and 16% of industrial production of the country. The sector ensures 10% of the Republican budget revenues/ Hydroelectric potential of the country is 142.5 bn kWh. However, the potential of the country is exploited only for 8 - 9.5%.

Source

BACK TO GENERAL MAP
KEY INDICATORS
Priorities of National Economy
Moscow The Russian
Federation
Moscow

Capital — Moscow
Territory — 17,1 mln sq. km 2
Population — 146,3 million people


Vladimir PutinPresident
of the Russian Federation
Vladimir Putin

President of the Russian Federation
Vladimir Putin

"Our ambitious goal is to come to a Eurasian Union. We propose a model of a powerful supranational association capable of becoming one of the poles in the modern world.

Natural resources, capitals, strong human potential all added up will help the Eurasian Union be competitive in the industrial technological race, in the competition for investors, for creation of new jobs and advanced productions. And along with other key players and regional structures—ensure stability of the global development.

Only united will our countries be able to join the leaders of global growth and civilized progress, achieve success and prosperity."

Key Industries

Economic Indicators

Gross domestic product in 2014 is USD 1,880.6 bn, annual growth rate for 2011 - 2014 — 102.4%.

Industrial output (locally produced and shipped goods) in 2014 - USD 1,143.2 bn, annual growth rate for 2011 - 2014 — 102.6%.

Oil production, including gas condensate in 2014 - 525 mln ton, per capita — 3,650 kg.

Natural gas production in 2014 - 639.2 bn cu m, per capita — 4,444 cu m.

Agricultural output in 2014 - USD 111.3 bn, annual growth rate for 2011 - 2014 — 106.5%.

Volume of foreign trade, including mutual trade (in current prices) increased from USD 629 bn in 2010 to USD 786.9 bn in 2014, including export — from USD 398.7 bn to USD 499.4 bn, import — from USD 230.3 bn to USD 287.5 bn.

Key Industries

Extraction of petroleum and natural gas, processing of gemstones and metals, aircraft manufacture, space-rocket production, nuclear industry, manufacture of weapons and military equipment, electric engineering, paper-pulp industry, automotive industry, transport, road and agricultural mechanical engineering, light and food industry.

Priorities of National Economy

Energy Efficiency

The key target is to decrease by 40 percent the share of energy resources in the Russian GDP at the expense of saving energy, raising energy efficiency and bridging gaps in the regulatory legal base by 2020.

Space Technologies and Telecommunications

The key goal is to raise the efficiency and quality of information services provided in the country and develop an up-to-date information infrastructure in all sectors of the national economy.

Medical Technologies and Pharmaceuticals

The key goal is to produce most of medicines and medical devices in Russia, develop and produce innovative pharmaceuticals, as well as get access for Russian manufacturers to new markets.

Information Technologies and Software

To raise efficiency and quality of information services is a priority for Russia's national economy, as well as to develop a modern social and industrial information infrastructure.

Nuclear Energy

The key goal is to preserve the leadership of the Russian Federation in the global nuclear market, create environment for a guaranteed long-term supply of cheap energy, significantly reduce uranium consumption, and mitigate the risk of negative environmental effects.

Source

THE SUPREME EURASIAN ECONOMIC COUNCIL

Read more

THE EURASIAN INTERGOVERNMENTAL COUNCIL

Read more

Eurasian Economic Commission

Read more

The Court of the Eurasian Economic Union

Read more

The Supreme Council is the Union's supreme authority. The Heads of the Member-States form the Supreme Council.

The Intergovernmental Council is a Union's body consisting of the Heads of the Member-States Governments.

Eurasian Economic Commission is a permanent supranational regulatory body of the Union, with its members appointed by the Council of the Commission and the Board of the Commission. The core tasks of the Commission are fostering the conditions to support the operation and development of the Union, and drafting proposals in the field of economic integration within the Union.

The Court of the Eurasian Economic Union is the court of justice of the Eurasian Economic Union, which ensures the uniform application of the EAEU Treaty and other Union treaties by the Union Member-States and bodies.

THE SUPREME EURASIAN ECONOMIC COUNCIL

Serzh Sargsyan

President
of the Republic
of Armenia

Serzh Sargsyan

The Republic
of Armenia
President website
Alexander Lukashenko

PRESIDENT
of the Republic
of Belarus

Alexander Lukashenko

The Republic
of Belarus
President website
Nursultan Nazarbayev

President
of the Republic
of Kazakhstan

Nursultan Nazarbayev

The Republic
Kazakhstan
President website
Алмазбек Атамбаев

President
of Kyrgys
Republic

Almazbek Atambayev

The Kyrgyz
Republic
President website
Vladimir Putin

President
of the Russian
Federation

Vladimir Putin

The Russian
Federation
President website

THE EURASIAN INTERGOVERNMENTAL COUNCIL

Hovik Abrahamyan

PRIME MINISTER
OF THE REPUBLIC
OF ARMENIA

Hovik Abrahamyan

The Republic
of Armenia
Government website
Andrey Kobyakov

PRIME MINISTER
OF THE REPUBLIC
OF BELARUS,
CHAIRMAN

Andrey Kobyakov

The Republic
of Belarus
Government website
Karim Massimov

PRIME MINISTER
OF THE REPUBLIC
OF KAZAKHSTAN

Karim Massimov

The Republic
Kazakhstan
Government website
Temir Sariyev

PRIME MINISTER
OF THE KYRGYZ
REPUBLIC

Temir Sariyev

The Kyrgyz
Republic
Government website
Dmitry Medvedev

PRIME MINISTER
OF THE RUSSIAN
FEDERATION

Dmitry Medvedev

The Russian
Federation
Government website

Eurasian Economic Commission Visit Commission Website

The Council of the Eurasian Economic Commission


Vice-Prime Minister, Minister of International Economic Integration and Reform of the Republic of Armenia

Vache Gabrielyan

First Deputy Prime Minister of the Republic of Belarus

Vasily Matyushevsky

First Deputy Prime Minister of the Republic of Kazakhstan

Bakytzhan Sagintaev

Vice-Prime Minister of the Kyrgyz Republic

Oleg Pankratov

First Deputy Prime Minister of the Russian Federation

Igor Shuvalov

Chairman of the Board
of the Eurasian
Economic Commission

Tigran Sargsyan

The Board of the
Eurasian Economic
Commission


Member of the Board — Minister
in charge of Integration and Macroeconomics

Tatiana Valovaya

Member of the Board — Minister
in charge of Economy and Financial Policy

Timur Suleymenov

Member of the Board — Minister
in charge of Industry and Agriculture

Sergey Sidorsky

Member of the Board — Minister
Minister in charge of Trade

Veronika Nikishina

Member of the Board — Minister
in charge of Technical Regulation

Valery Koreshkov

Member of the Board — Minister
in charge of Customs Cooperation

Mukay Kadyrkulov

Member of the Board — Minister
in charge of Energy and Infrastructure


Danil Ibraev

Member of the Board — Minister
in charge of Competition and Antitrust Regulation

Nurlan Aldabergenov

Member of the Board — Minister
in charge of Internal Markets, Information Support, Information&Communication Technologies

Karine Minasyan

 

The Court of the Eurasian Economic Union

Judge of the Court of EAEU

Alexander Fedortsov

President


Judge of the Court of EAEU

Zholymbet Baishev

Vice-President


Judge of the Court of the Eurasian Economic Union

Armen Tumanyan

Judge of the Court of the Eurasian Economic Union

Tatiana Neshataeva

Judge of the Court of the Eurasian Economic Union

Erna Airiyan

 

Judge of the Court of the Eurasian Economic Union

Denis Kolos

Judge of the Court of the Eurasian Economic Union

Venera Seitimova

Judge of the Court of the Eurasian Economic Union

Konstantin Chayka

 

President of Kazakhstan N. Nazarbayev at Lomonosov Moscow State University
Moscow, March 29, 1994

ADDRESSES
DRAFTS

President of Kazakhstan N. Nazarbayev and the first President of Russia B. Yeltsin
Moscow, January 1995

AGREEMENT

Execution of the Treaty on Deepening Economic and Humanitarian Integration between the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation
Moscow, March 29, 1996

TREATY
AGREEMENT

President of Belarus A. Lukashenko, Prime-Minister of Kyrgyzstan K. Zhumaliev, President of Kazakhstan N. Nazarbayev, first President of Russia B. Yeltsin, and President of Tajikistan E. Rakhmon
Moscow, February 1999

TREATY

The presidents of the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan in Astana
October 10, 2000

STATEMENT
DECISION
TREATY

President of Russia V. Putin, President of Kazakhstan N. Nazarbayev, President of Belarus A. Lukashenko, and President of Ukraine L. Kuchma
Yalta, September 2003

AGREEMENT

The presidents of the Member-States of the Eurasian integration processes at an informal summit of the Eurasian Economic Community in Sochi
August 16, 2006

AGREEMENT

At summit of the Eurasian Economic Community.
Dushanbe, October 2007

TREATY

Heads of the Eurasian Economic Community Member-States and the Secretary-General of the Eurasian Economic Community.
Moscow, December 2010

DECLARATION

Heads of States – Members of the Supreme Eurasian Economic Council, and Heads of States involved in Eurasian integration.
Moscow, December 2011

DECLARATION
TREATY
DECISION
TREATY

Heads of States – Members of the Supreme Eurasian Economic Council, and Heads of States involved in Eurasian integration.
Moscow, December 2011

AGREEMENT

The Presidents of the CU and SES Member-States signed the Treaty on the Eurasian Economic Union (EEU) at the session of the Supreme Eurasian Economic Council. The Treaty has become a landmark of the transition of the Eurasian economic project to a new, higher level of integration.
May 29, 2014

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1995........
1996........
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2014

The President of Kazakhstan Nursultan Nazarbayev voiced the idea of the Eurasian Union of States for the first time at Lomonosov Moscow State University, during his first official visit to Russia on March 29, 1994.

In June 1994, a detailed integration project was submitted to the Heads of the States and then published in the press. For the first time, the integration alliance was called “the Eurasian Union” in an official document.

In 1995, the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation signed the Treaty on the Customs Union, aimed to eliminate any barriers hindering free economic cooperation between the Parties’ economic agents, ensure free trade and fair competition, and eventually guarantee sustainable economic development of the Parties.

The Treaty signed by the three States in 1995 created the integration nucleus that now drives the integration in the Eurasian region.

The Presidents of the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation signed the Treaty on Deepening Economic and Humanitarian Integration on March 29, 1996 in Moscow. The Republic of Tajikistan joined the Treaty in 1998.

Designed as the ultimate form of equal and mutually beneficial cooperation, the Eurasian Union is in fact a model of civilized interaction between independent states in the former Soviet space, which maintain their sovereignty, territorial integrity and inviolability of borders. These principles start materializing gradually.

The presidents of the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan signed the Treaty on the Customs Union and Single Economic Space on February 26, 1999 in Moscow

On May 23, 2000, the meeting of the Interstate Council, held in Minsk, decided to draft, by September 2000, a Treaty on the creation of an integration alliance between the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan

October 10, 2000, the presidents of the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan established the Eurasian Economic Community in Astana to promote efficiently the formation of the Customs Union and Single Economic Space.

September 19, 2003, the presidents of the Republic of Belarus, the Republic of Kazakhstan, the Russian Federation and Ukraine signed the Treaty on Establishment of the Single Economic Space in Yalta. The Parties’ governments launched work to draft the SES legal framework to create a single economic space ensuring free movement of goods, services, capital and labour.
During an informal summit held in Sochi in August 2006, the Heads of the Eurasian Economic Community Member-States decided that the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation should intensify their work to create the Customs Union in the format of three States with subsequent accession by the Kyrgyz Republic and the Republic of Tajikistan as soon as their economies are ready.
On October 16, 2007, the Treaty on the Creation of the Single Customs Territory and Establishment of the Customs Union of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation was signed in Dushanbe. It was aimed to ensure free movement of goods in mutual trade, foster favourable conditions for trade between the Customs Union and third countries, and promote economic integration.

In January 2010, the Customs Union of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation was launched: the Common Customs Tariff was implemented, customs formalities and customs control at the internal borders were cancelled, and free movement of goods within the three states was ensured.

In December 2010, 17 primary international treaties were adopted, providing the basis for the functioning of the Single Economic Space, and also the Declaration on Establishment of the Single Economic Space of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation was signed.

During the meeting of the Heads of the Customs Union Member-States in November 2011, the Presidents of the integrating three States signed the Declaration on Eurasian Economic Integration, declaring successful operation of the Customs Union and announcing the transition to the next stage of integration, the Single Economic Space. The Heads of the Customs Union Member-States also signed the Treaty on the Eurasian Economic Commission.

In October 2011, a decision was taken to start negotiations on the accession of the Kyrgyz Republic to the Customs Union.

The Supreme Eurasian Economic Council at the level of the Heads of States took the Decision on the Enactment of the Treaties Establishing the Single Economic Space of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation on December, 2011 in Moscow, whereunder the treaties establishing the Single Economic Space would enter into force on January 1, 2012.

In January 2012, the treaties entered into force, which provide the legal framework for the Single Economic Space of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation and also ensure free movement not only of goods, but also of services, capital and labour. Over 50 documents are being drafted to implement the “four freedoms” completely.

The Eurasian Economic Commission, headquartered in Moscow, started its work in February.

May 29, 2014, the Presidents of the CU and SES Member-States signed the Treaty on the Eurasian Economic Union (EAEU) at the session of the Supreme Eurasian Economic Council. The Treaty has become a landmark of the transition of the Eurasian economic project to a new, higher level of integration.

October 10, 2014, the Agreement on Accession of the Republic of Armenia to the EAEU was signed in Minsk, during the session of the Supreme Eurasian Economic Council.

December 23, 2014, Moscow, the Presidents of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation, on the one part, and the President of the Kyrgyz Republic, on the other part, signed the Agreement on Accession of the Kyrgyz Republic to the EAEU.

1 June, 2016

Heads of the EAEU States at the SEEC session summarised and outlined the prospective development of the Eurasian Economic Union

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31 May, 2016

EAEU to intensify efforts to develop economic cooperation with third countries

29 May, 2016

Congratulations on the second anniversary of signing of the Treaty on the Eurasian Economic Union

21 May, 2016

The session of the Eurasian Intergovernmental Council approved the Draft Concept of establishment of the common oil and oil product markets in the EAEU

21 May, 2016

A meeting of the President of the Republic of Armenia Serzh Sargsyan with the members of the Eurasian Intergovernmental Council was held

17 May, 2016

At the EEC Council session, macroeconomic targets of the EAEU countries in 2016-2017 have been approved

18 April, 2016

Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan met President of the Russian Federation Vladimir Putin

15 April, 2016

The session of the Eurasian Intergovernmental Council addressed a number of important issues aimed at further deepening of the integration

15 April, 2016

The Intergovernmental Council approved the Provision on the formation and functioning of Eurasian technology platforms and the concept of creating a Eurasian Machine Tool Engineering Centre

8 April, 2016

Chairman of the EEC Board, Tigran Sargsyan, met the President of the Republic of Armenia Serzh Sargsyan

8 April, 2016

Chairman of the Board of the EEC, Tigran Sargsyan, met the Prime Minister of the Republic of Armenia, Hovik Abrahamyan

8 April, 2016

The EEC lifted import customs duties on goods for the construction of the third Iran-Armenia power transmission line

24 March, 2016

Chairman of the EEC Board Tigran Sargsyan met with the President of the Republic of Belarus Alexander Lukashenko

24 March, 2016

Chairman of the EEC Board Tigran Sargsyan met with Prime Minister of Belarus Andrei Kobyakov

18 March, 2016

The EEC Council approved the Plan to implement the Main directions of industrial cooperation in the EAEU and decided to establish a Working Group on formation of the digital agenda of the Union

18 March, 2016

The EEC Council adopted the Procedure of forming and maintaining a Unified List of Products of the EAEU Member States, in respect of which mandatory safety requirements are established

26 February, 2016

Chairman of the Board of the EЕС, Tigran Sargsyan, met the President of the Kyrgyz Republic, Almazbek Atambayev

25 February, 2016

Chairman of the Board of the EЕС, Tigran Sargsyan, met the President of Kazakhstan, Nursultan Nazarbayev

16 February, 2016

The Chairman of the EEC Board, Tigran Sargsyan, met with the Chairman of the Government of the Russian Federation, Dmitry Medvedev

10 February, 2016

Message from Nursultan Nazarbayev, the President of the Republic of Kazakhstan, to heads of the Member States of the Eurasian Economic Union

1 February, 2016

The updated EEC Board began its work

31 December, 2015

VIKTOR KHRISTENKO, CHAIRMAN OF THE BOARD OF THE EURASIAN ECONOMIC COMMISSION: SEASON’S GREETINGS

22 December, 2015

Heads of EAEU Member States approved new list of EEC Board Members

3 December, 2015

EEC Council to Set Deadline for Circulation of Fuel in EAEU Member States

24 November, 2015

Armenia to Accede to Agreements on Common Principles and Rules of Circulation of Medicines and Medical Products in Eurasian Economic Union, and Kyrgyzstan to Accede to Programme for Liberalization of Cabotage Carriage of Goods by Road

16 October, 2015

Supreme Eurasian Economic Council adopting new structure of Eurasian Economic Commission

16 October, 2015

EEC Council Approves Measures to Implement Key Points of Macroeconomic Policy in EAEU Member States till 2017

6 October, 2015

Chairman of the EEC Board, Viktor Khristenko: "China has been and remains one of the key economic partners of the EAEU countries"

9 September, 2015

Meeting of the Eurasian Intergovernmental Council endorsed the Basic Directions of Industrial Cooperation between the EAEU Member States

27 August, 2015

Representatives of the EEC and the government authorities of Armenia discussed the potential development of the republic's economy

21 August, 2015

EEC Council Decisions aim to improve the resilience of the economies of the EAEU countries and strengthen the positions of the Union in the external market

12 August, 2015

Kyrgyzstan acceded to the Eurasian Economic Union

10 July, 2015

Parliaments of the Member States of the Eurasian Economic Union completed the ratification of the Treaty on Accession of the Kyrgyz Republic to the EAEU

29 May, 2015

Agreement on Free Trade Zone between the EAEU and Socialist Republic of Vietnam signed according to the results of the second session of the Eurasian Intergovernmental Council

28 May, 2015

Session of the Council of the Eurasian Economic Commission has taken place

21 May, 2015

President of the Kyrgyz Republic has ratified the Treaty on Accession of Kyrgyzstan to EAEU

8 May, 2015

Documents on Kyrgyzstan accession to EAEU are signed

8 May, 2015

Congratulations on the Victory Day!

23 March, 2015

In Astana the Presidents of Belarus, Kazakhstan and Russia discussed the development of the Eurasian integration processes

18 March, 2015

The President of Russian Federation Vladimir Putin had talks with Almazbek Atambayev, the President of Kyrgyzstan, to discuss issues of the republic's Eurasian integration

10 February, 2015

The first meeting of the Eurasian Intergovernmental Council discussed long-term approaches to the development of economic and trade cooperation with EAEU main partners

21 January, 2015

Address by the Belarus President Aleksandr Lukashenko to the member states of the Eurasian Economic Union

2 January, 2015

Armenia is now in the Eurasian Economic Union

1 January, 2015

The treaty on the Eurasian Economic Enion is coming into force

23 December, 2014

The session of the supreme eurasian economic council discussed the operation of the Eurasian Economic Union and its agencies from january 1, 2015

14 October, 2014

The President of the Republic of Kazakhstan Nursultan Nazarbayev signed a law "on ratification of the treaty on the Eurasian Economic Enion."

10 October, 2014

The President of Belarus Alexander Lukashenko signed a law on the eeu treaty ratification

3 October, 2014

Russian President Vladimir Putin signed a federal law on ratification of the treaty on the Eurasian Economic Union

27 August, 2014

Alexander Lukashenko and Nursultan Nazarbayev discussed key areas of cooperation within the integration structures

29 May, 2014

In Astana, presidents of Belarus, Kazakhstan and Russia signed treaty on establishment of Eurasian Economic Union

28 May, 2014

Lecture of the President of Kazakhstan at Lomonosov Moscow State University

29 April, 2014

Further prospects of the Eurasian economic integration outlined at the SEEC in Minsk

15 April, 2014

Heads of the governments of Belarus, Kazakhstan and Russia had a meeting in Moscow

5 March, 2014

The Supreme Eurasian Economic Council held its regular meeting in Moscow

Heads of the EAEU States at the SEEC session summarised and outlined the prospective development of the Eurasian Economic Union

1 June, 2016

On May 31 Astana hosted the session of the Supreme Eurasian Economic Council (SEEC), which was attended by the President of the Republic of Armenia Serzh Sargsyan, the President of the Republic of Belarus Alexander Lukashenko, the President of Kazakhstan Nursultan Nazarbayev, the President of the Republic of Kyrgyzstan Almazbek Atambayev, the President of the Russian Federation Vladimir Putin and Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan.

During the event, the Heads of the Eurasian Economic Union (EAEU) countries discussed the most topical issues and prospects of the Union.

Opening the session, the President of Kazakhstan Nursultan Nazarbayev congratulated all present on the second anniversary of the conclusion of the Treaty on the EAEU. The President emphasised, that "in spite of its short period of existence, and the economic difficulties that we are experiencing in the early stages, it is now safe to say that the EAEU has come to be a fully-fledged integration association. Now, the convergence of our economies is taking place in accordance with the plans and deadlines that we have outlined in the Treaty on the EAEU." Nursultan Nazarbayev expressed his confidence that the implementation of the Union’s objectives and principles will serve as a powerful impetus for the economies of the Member States.

In his speech, the President noted the growing interest in the economic unification worldwide. The possibilities of establishing trade and economic relations with the EAEU are being considered by integration organisations such as the EU, SCO, ASEAN and others. He therefore recalled that, at his suggestion as the SEEC Chairman, 2016 had been declared "the year of the deepening economic relations between the EAEU and third countries and key integration associations." "In the EAEU, we see an open community, organically integrated into the global economic system that serves as a reliable bridge between Europe and Asia,” - said Nursultan Nazarbayev. The head of state stressed that the unified market of the Union must become a bridge between East and West, North and South.

According to the President of Kazakhstan, the free movement of goods and services within the Union is in line with "Silk Road Economic Belt" initiative put forward by China.

The head of state highlighted the fact that the negative events currently taking place in the global economy are a test for everyone and require further coordinated work on the EAEU platform. "We should look for opportunities even in these difficult conditions where we are experiencing a sharp decline in mutual trade to find other ways of cooperation," said the President of Kazakhstan.

The President of Kazakhstan pledged that, under Kazakhstan’s chairmanship of the EAEU, all efforts will be made this year to promote the further successful and dynamic development of the integration association.

The President of Armenia Serzh Sargsyan stressed that economic integration requires increased coordination in approaches at the macroeconomic level. "Therefore, we attach great importance to the consistent implementation of the main guidelines of the macroeconomic policy of the EAEU member states in 2016 and 2017 and the development of existing mechanisms on the convergence of our economic potential. This will facilitate an improvement in the sustainability of the economies of our countries, and aid us in overcoming the consequences of the current adverse economic situation. We must make every effort to make our integration an attractive model of economic partnership that is open to broad cooperation with all interested parties in the wider context of the increasing share of regional structures worldwide," Serzh Sargsyan said.

The President of Belarus Alexander Lukashenko highlighted the difficulties in implementing the objectives set for the purposes of EAEU development. "Two years ago we signed the Treaty on the Eurasian Economic Union. Over this period, serious conceptual decisions have been made: the foundation for the liberalisation of transport services, the formation of a single electrical power market, and export policy has been laid. Unfortunately, not everything is developing as we had planned. There are still problems the most pressing of which we have discussed today. First of all, there is a need to transform theoretical know-how into practical results," said the President of Belarus.

In particular, Alexander Lukashenko pointed out the need to eliminate internal exemption and restrictions to mutual trade, to implement initiatives for the development of the functioning of the mechanism of the EAEU when one of the member states applies unilateral market protection measures in relation to third countries. In addition, there was particular note of the importance of implementation of the objectives related to industrial cooperation, the energy sector, and the creation of a common market of medicines and medical products.

The president of Kyrgyzstan Almazbek Atambayev urged the Heads of the Member States to make every effort to eliminate barriers to the achievement of the main goals and objectives of the integration process. He noted the enormous potential of the Union. "There have clearly already been some results and progress. There have been some mistakes too, as well as some artificially created problems. We must clearly realize for ourselves that our peoples have no other alternatives. We are responsible for the future of the Eurasian Economic Union, for the future of our countries. It will require work and patience, wisdom and cooperation between our peoples and the heads of the states, as well as all ministries and departments. I believe in the future of the EAEU," said Almazbek Atambayev.

The President of the Russian Federation Vladimir Putin praised the work undertaken within the framework of the EAEU. "Over one and a half years of the Eurasian Economic Union’s operation, a great deal has been done to promote the large-scale integration project. Most importantly, it can be stated with good reason that the Union has succeeded as a modern international organisation aimed at solving the specific problems concerning the economic development of our countries," said the Head of State.

According to the Russian President, "several areas require further work at the same active pace. This applies, in particular, to the preparation of a new Customs Code and the Agreement on the Procedure for the conclusion of international treaties by the Union, i.e., the further promotion of integration depends on the timely adoption of the regulations necessary for our development."

Vladimir Putin noted that the effective functioning of the integration association requires a systematic relationship building with external partners. "We support the proposal made by Kazakhstan's chairmanship that the focus should be on the further deepening of economic relations between the Union and other countries and integration associations." In particular, the President of the Russian Federation welcomed Kazakhstan’s initiative to hold an international conference on the establishment of cooperation between the Eurasian Union and the EU. "It is vital that the Eurasian Economic Commission be actively involved in its elaboration," concluded the President.

EAEU to intensify efforts to develop economic cooperation with third countries

31 May, 2016

At the session of the Supreme Eurasian Economic Council (SEEC), which took place on May 31 in Astana, the heads of the member states discussed the most pressing issues and prospects of the Union.

At the conclusion of the session of the SEEC, Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan made a number of statements to the media.

The representative of the Commission congratulated EAEU citizens on the second anniversary of the signing of the Treaty on the Eurasian Economic Union (the Treaty on the EAEU was signed on May 29, 2014). Tigran Sargsyan stated: "Over the last two years we have taken significant steps forward in building a single economic space. I am certain that a long road lies ahead of us. We will move forward together on this road towards the deepening of the Eurasian integration".

The Chairman of the Board of the EEC noted that, in accordance with the initiative of the President of Kazakhstan Nursultan Nazarbayev (Chairman of the Supreme Eurasian Economic Council in 2016), the deepening of economic relations with third countries and integration associations is a priority of the EEC’s work. "Therefore, it is of particular note that today, our agenda included a number of issues related to building relations with third countries and integration associations," said Tigran Sargsyan.

In particular, the Presidents reviewed the approaches to the development of economic and trade cooperation with the People’s Republic of China. "This partnership is incredibly significant to our countries. The EEC will start the negotiation process. We will build these relations with due account for the interests of the economic entities of the member states. Consultations will be held periodically, and we will take the necessary steps to ensure that the Chinese market opens up for our enterprises,” said Tigran Sargsyan.

The presidents of the Union countries have adopted the decisions required for the entry into force and implementation of the Free Trade Agreement between the Eurasian Economic Union, its member states and the Socialist Republic of Vietnam dated 29 May 2015. "All the necessary steps for the contract to enter into force have been made,” Tigran Sargsyan summarised. “A number of ASEAN countries expressed their interest in establishing direct contacts with the EEC and establishing trade relations with us."

According to the Chairman of the Board of EEC, issues related to the cooperation between the Eurasian Economic Union and the Kingdom of Cambodia were discussed. He pointed out the recent signing of Cooperation Memoranda between the EEC and Cambodia and Singapore. Working groups will be established in order to study the potential economic cooperation with these countries and subsequently suggest ways of building economic and trade relations with them.

The Chairman of the Board of the EEC reported that SEEC members had discussed cooperation with the European Union; and a number of suggestions on how to move forward had been proposed.

The heads of state also adopted the decision to commence negotiations with the Republic of Serbia on the harmonisation of the trade regime with this country by the Eurasian Economic Union and its member states.

The heads of the EAEU states approved the Concept of forming common markets of oil and petroleum products of the Union. In accordance with the Concept, energy companies of the Union countries will obtain non-discriminatory access to the oil infrastructure of their partners, and will be able to buy oil and petroleum products without quantitative restrictions on the market price without export duties, which will be also formed on the stock exchange.

The Concept of creating a common gas market of the Eurasian Economic Union was also approved. According to the Concept, the Parties will attain the full functioning of the common market with unhampered gas supplies between the participants at market prices.

The Chairman of the Board of the EEC highlighted that next year the implementation program of the Concept of forming common markets of oil and petroleum products of the Union will be developed and submitted for approval by the Presidents. "Later, a corresponding treaty will be drawn up, which, after its adoption in 2025 will lead to the establishment of a common energy market. The Concept of forming a common gas market in the EAEU was developed following the same logic. The market will be formed by 2025 on the same principles," said the Chairman of the Board of the EEC.

Presidents of the EAEU countries adopted the Main Guidelines of macroeconomic policy of the member states of the Eurasian Economic Union for 2016-2017.

The document outlines the most important short- and medium-term challenges that the economies of the member states currently face and provides recommendations for addressing them. Implementation of the Main Guidelines will allow the EAEU states to overcome the adverse current economic situation, increase macroeconomic stability and restore economic growth.

When informing attendees of the approval by the Presidents of the Main Guidelines of macroeconomic policy of the member states of the Eurasian Economic Union for 2016-2017, Tigran Sargsyan noted that the document is of anti-crisis nature. "According to agreements reached, the monitoring of measures implemented by the Union member states will be adopted as part of the guidelines, and this monitoring will be conducted systematically. It allows us to identify the joint activities that we must see through to completion so that the fundamental principles laid down in the treaty on the union will be implemented," said Tigran Sargsyan.

The attendees of the SEEC session made the decision to establish a subsidiary body of the Eurasian Economic Union – the Council of Heads of the Authorised Authorities in the field of sanitary and epidemiological welfare of the population of the EAEU member states. The Council has been charged with the provision of comprehensive assistance to countries of the Union in the implementation of agreed or coordinated policy in this field, and coordinate the interaction of authorised authorities.

The heads of states decided to hold the next session of the Supreme Eurasian Economic Council in Moscow in December this year.

Congratulations on the second anniversary of signing of the Treaty on the Eurasian Economic Union

29 May, 2016

Dear citizens of the Eurasian Economic Union countries,

On May 29, two years have passed since signing the Treaty on the Eurasian Economic Union (the EAEU) between Belarus, Kazakhstan and Russia. In 2015, Armenia and Kyrgyzstan joined the Treaty.

During this period, the Eurasian Economic Commission in cooperation with the countries of the EAEU has done everything possible to achieve the main objectives of the Union - ensuring conditions for sustainable development of the economies of the Member States in order to improve the standard of living for citizens, comprehensive modernization, cooperation and increase of competitiveness of national economies in the world.

It should be noted that in a relatively short period of time, a great job has been done that gives real results.

More than 40 countries and associations expressed a desire to develop trade and economic cooperation with the EAEU. The Agreement on establishing a free trade area between the EAEU and Vietnam was signed; relevant negotiations on feasibility of entering into agreements with India, Egypt, Israel, Iran are conducted.

The Asian track of the Union cooperation is increasing, including in the framework of possible conjugation of the EAEU and the Silk Road Economic Belt (SREB). At the session of the Intergovernmental Council on May 20 in Yerevan, the Eurasian Economic Commission received a mandate to negotiate with China on an agreement on trade and economic cooperation between the Eurasian Economic Union, its Member States and the People's Republic of China. Economic relations with the countries of the Association of Southeast Asian Nations (ASEAN) are successfully developing. The Commission has recently signed Memoranda of Understanding with the Republic of Singapore and the Kingdom of Cambodia.

Cooperation with the countries of the Latin American Region is going on. The EEC signed Memoranda of Understanding with the Republic of Peru and Chile, negotiations are conducting to conclude a Memorandum of Trade and Economic Cooperation with the Region's largest integration association - MERCOSUR.

The EAEU and the Commission are still open to constructive and mutually beneficial dialogue with the European Union. Despite a slight decrease in the intensity of interaction with western countries, the idea of creating a common economic space from Lisbon to Vladivostok remains valid.

Improving the regulatory framework and making steps to deepen integration, the Eurasian Economic Commission jointly with the EAEU countries has achieved significant results in implementation of four "freedoms" within the Union territory. Even today, the business community and citizens of our countries feel effects of establishment of the EAEU.

In 2015, immediately after establishment of the Eurasian Economic Union, the common market of services and the common market of labour were launched. Because of this, people of the Union Member States have equal rights in employment and pay income tax at the same rate as residents. They got the right to social and medical care in any country of the Union. The common law provides for mutual recognition of diplomas in absolute majority of specialties, which significantly increases the mobility of highly qualified specialists. This year, the countries have come close to adoption of the common pension legislation. After signing the Treaty on pension security, citizens of the EAEU countries will be able to receive pensions for the period of their employment from the Union country, where they worked.

Both last year and this year, dozens of modern regulations meeting the highest international requirements have been developed that are necessary to run the common markets of medicines and medical devices. They will start full-scale operation in 2016. The work for ensuring conditions for launching the common electric power market, the common oil, oil products and gas markets is expanding.

The EEC consistently interacts with the business community of the EAEU countries to achieve greater transparency in the Commission activities, to ensure mutual benefit and equality. Interaction is carried out in such formats as Advisory Committees and Working Groups. Creating favourable environment for effective business development in the Union countries, improving regulatory systems and reducing barriers are the main objectives of the Commission.

The Eurasian economic integration has provided a number of positive effects for business. Thus, opening of customs borders within the EAEU allowed companies to significantly reduce the time of delivery of goods to the markets of the Union countries. For some firms, delivery times were reduced three times, and paperwork - by 24 or more hours. Because of this, many manufacturers managed to substantially increase their exports to the EAEU countries.

Since January 1, 2016, the first stage of the four-staged Program for Liberalization of Goods Cabotage Transportation by Road has been launched. It allows carriers registered in the territory of a Member State of the EAEU to transport cargoes by road between destinations located in the territory of another Member State.

The work is under way to ensure access of companies of the EAEU countries to national public procurement markets. Today, such reciprocal access is already provided to companies from Belarus, Kazakhstan and Russia.

Thus, today we can already say that the Eurasian Economic Union has become a kind of "window of opportunities" for dynamic development of our countries. Thanks to the integration, the Union Member States has every chance to take a worthy place in the international community, to resolve the most important challenges of sustainable development, to become one of the most advanced innovative economies.

We would like to congratulate all on this milestone in the history of the Eurasian integration!

The session of the Eurasian Intergovernmental Council approved the Draft Concept of establishment of the common oil and oil product markets in the EAEU

21 May, 2016

On May 20, Yerevan hosted the session of the Eurasian Intergovernmental Council. It was attended by the Prime Minister of the Republic of Armenia Hovik Abrahamyan, the Prime Minister of the Republic of Belarus Andrey Kobyakov, the Prime Minister of the Republic of Kazakhstan Karim Masimov, the Prime Minister of the Kyrgyz Republic Sooronbay Jeenbekov, the Chairman of the Government of the Russian Federation Dmitry Medvedev, as well as the Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan.

The session of the Intergovernmental Council considered a number of issues aimed at further deepening of integration processes in the Eurasian Economic Union (the EAEU), as well as the prospects of development of the EAEU. In particular, participants discussed issues of trade, customs cooperation, economy and financial policy, energy and infrastructure. Particular attention was paid to the issues of expansion of trade and economic relations within the Union Member States.

Addressing the participants of the session with words of welcome, the Prime Minister of the Republic of Armenia Hovik Abrahamyan noted positive dynamics of the establishment of the common goods and services market in the EAEU. According to him, "to achieve strategic economic goals of our countries, it is important to have a joint focus on at least three effects: trade, economy of scale and technological effect.”

As the Head of the Government of Armenia underlined, it was important to increase international and multiple interactions between the EAEU and third countries, that would bring the Union to a higher level of development. In this regard, among the key items of the session agenda Hovik Abrahamyan noted the importance of the work on conjugating the Eurasian project with China's initiative on the establishment of the Silk Road Economic Belt (the SREB). "Legal confirmation of cooperation of the EAEU and China would not only increase trade scope but also attract investments for large infrastructure projects, expand our logistics capabilities. From this point of view, the work on conjugating the Eurasian project of the Chinese initiative to establish the SREB is important, it will connect Europe and Asia through different routes, both through the EAEU countries, including Armenia, and through Iran and India. Having historical experience and as the only country of the EAEU, which has land frontier with Iran, we are ready to implement this project," the Prime Minister said.

As Hovik Abrahamyan noted, particular attention should also be paid to the establishment of the EAEU common markets “the functioning of which will allow us to remove existing barriers to movement of goods, increase the pace and scope of economic cooperation between our countries.” In this context, the Prime Minister of Armenia stressed the importance of the adoption of the Concept of establishment of the common oil and oil product markets.

Speaking at the extended session, in turn, the Chairman of the Intergovernmental Council, the Prime Minister of the Republic of Kazakhstan Karim Masimov reminded that as a priority of the chairmanship, Kazakhstan had proposed to declare 2016 “the year for deepening economic relations of the Union with third countries and key integration associations.” In this regard, the Parties are exploring the feasibility of establishing free trade areas with countries such as India, Israel, Egypt, Iran and others.

As the Head of the Government of Kazakhstan believes, "the focus on cooperation with economically developed and investment attractive countries and associations” should be done. In his view, establishment of interaction between the EAEU and the European Union may be an important factor in the economic development of the continent as a whole. "The long-term goal of cooperation between the EAEU and the European Union should be establishment of a common economic space from the Atlantic to the Pacific. Our President, Nursultan Abishevich Nazarbayev, and the Russian President, Vladimir Vladimirovich Putin told about it not once," Karim Masimov said.

The Prime Minister of Kazakhstan concluded that "Kazakhstan considers integration processes as an opportunity for our countries to become a bridge between East and West, a competitive component of the world economy."

The Heads of the Governments of the EAEU Member States endorsed the Concept of establishment of the common oil and oil product markets within the Union. The document defines the main goals, tasks, principles of establishment of the common oil and oil product markets of the EAEU, their functional structure aimed at cooperation between participants of the common oil and oil product markets of the Union, as well as the stages of their establishment. In accordance with the Concept, energy companies of the Union countries will get non-discriminatory access to oil infrastructure of the partners, will be able to buy crude oil and oil products without quantitative restrictions at a non-discriminatory price without export duties. The document is scheduled to be approved by the decision of the Presidents of the EAEU Member States at the Supreme Eurasian Economic Council on May 31 this year.

The Prime Ministers of the EAEU countries signed the order "On the directives for the negotiation with the People's Republic of China on conclusion of an agreement on trade and economic cooperation between the Eurasian Economic Union and its Member States, on the one hand, and the People's Republic of China, on the other hand”, the disposition “On measures for establishment in the Member States of the Eurasian Economic Union of the commercialised goods traceability system.” The Agreement on movement of service and civilian weapons among the Member States of the Eurasian Economic Union was adopted.

The Heads of the Governments of the EAEU countries decided on timeline for preparation of the Treaty on the Customs Code of the Eurasian Economic Union.

The Prime Ministers of the Union countries endorsed the annual report of the Eurasian Economic Commission on monitoring of regulatory impact evaluation (RIE) of draft decisions of the Commission in 2015. This procedure helps identify unnecessary administrative barriers to doing business in the context of public discussion of draft decisions of the EEC with the participation of representatives of business and expert communities. The report contains information on the outcomes of the EEC draft decisions on RIE in 2015. Monitoring results show that during this period as part of the public discussion of the EEC draft decisions, more than two-thirds of comments and proposals received from representatives of the business community and experts were accepted.

The Intergovernmental Council requested that the EEC continue its work on improving the procedure for the RIE of the Commission's draft decisions. In particular, it was requested to elaborate proposals aimed at ensuring the eventual transition to holding of the RIE in terms of quantitative parameters, as well as at implementation of a pilot project for evaluation of the actual impact of the decisions adopted by the EEC.

In addition, the Heads of the Governments endorsed the report on the acceptance and distribution of amounts of import customs duties between the budgets of the EAEU countries in 2015. It was noted that the mechanism for acceptance and distribution of import customs duties is functioning effectively. Violations related to the distribution and transfer to the budgets of the Union countries of import customs duties in 2015 were not fixed.

The session of the Eurasian Intergovernmental Council decided to hold the next session in Sochi on August 12.

During a press briefing following the session of the Intergovernmental Council, the Prime Minister of the Republic of Kazakhstan Karim Masimov noted that "the session was held as a very constructive dialogue." According to him, "this will help to further develop our Union." The Head of the Government of the Republic of Kazakhstan said, the Intergovernmental Council adopted very important issues in the run-up to the Summit of the Heads of the States to be held in Astana on May 31; some key parameters were identified.

Among them, he mentioned approval of the “milestone document” - the Concept of establishment of the common oil and oil product markets of the Union, as well as approval of timing for adoption of the Customs Code of the EAEU. According to him, approval of the Customs Code of the EAEU, as well as a number of other documents, which are essential for further development of the Union, will be completed at the session of the Intergovernmental Council on August 12 in Sochi and on October 28 in Minsk.

In turn, the EEC Board Chairman Tigran Sargsyan at the press briefing following the session of the Intergovernmental Council said that 2016 was announced the year of deepening and expanding trade and economic relations of the Eurasian Economic Union with third countries and international economic associations. In this regard, he said, the launch of negotiations with the People's Republic of China on the agreement on trade and economic relations between the Eurasian Economic Union and China "is crucial for movement in the direction specified by our Presidents." Tigran Sargsyan noted that the main aim of this agreement is "creation of more favorable conditions for economic entities and citizens of our countries". The EEC Board Chairman expressed confidence that with the right lining up of these international relations there was a very serious potential for stimulating economic growth in the countries of the Union.

Tigran Sargsyan called the Concept of establishment of the common oil and oil product markets of the Union the second "conceptual" document, which was finalised at the session of the Intergovernmental Council.

The EEC Board Chairman also said that at the session they managed to reach a conceptual agreement on the basic principle positions of the other key document - the Customs Code of the EAEU. Tigran Sargsyan stated, that the Customs Code of the EAEU might be approved at the next session of the Intergovernmental Council in Minsk. "We hope that at the next session in Minsk, we will have a final agreement, and we will be also able to approve this document," the EEC Board Chairman said.

A meeting of the President of the Republic of Armenia Serzh Sargsyan with the members of the Eurasian Intergovernmental Council was held

21 May, 2016

On May 20, in Yerevan in the run-up to the session of the Eurasian Intergovernmental Council, the meeting was held between the President of the Republic of Armenia Serzh Sargsyan and the Heads of the Governments of the Member States of the Eurasian Economic Union (the EAEU) and the Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan.

The President welcomed the members of the Eurasian Intergovernmental Council. Serzh Sargsyan stressed that Armenia for the first time hold the session of the Intergovernmental Council and expressed confidence that the session would be productive. "We all joined the Eurasian Economic Union based on our economic interests, based on the interests of our citizens. It is very important that the decisions taken be tangible for business environment, for every buyer of products and services. To achieve this aim, I believe that the most important issue is the removal of barriers, technical barriers, which impede the free movement of goods and services, and thereby reduce the economic impact of the integration process," the President of the Republic of Armenia said.

Noting the large number of issues included in the agenda of the session, Serzh Sargsyan asked the Prime Minister of the presiding country in the EAEU - Kazakhstan, Karim Masimov, to inform, if there is a common understanding on the issues that are on the agenda, and what are the results expected following this session.

The Prime Minister of Kazakhstan, on his and his colleges’ behalf, expressed gratitude for the hospitality and comfortable conditions created for preparation and work of the members of the Intergovernmental Council session. "We have today a working day, where they plan to discuss the issues related to the further development of the Eurasian Economic Union. In the run-up to the meeting of the Presidents we will try today to withdraw most of the issues as to bring only the big strategic issues for further development to the level of the Presidents," the Prime Minister Karim Masimov said.

He said that during the session at the level of the Prime Ministers, with both restricted and extended attendance, a number of issues were planned to be discussed, and during today's discussion, the members of the Eurasian Intergovernmental Council would try to make decisions in this respect.

During the meeting, the Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan told about possibilities for cooperation of the EAEU with other integration associations, as well as the prospects of developing relations with individual countries.

At the EEC Council session, macroeconomic targets of the EAEU countries in 2016-2017 have been approved

17 May, 2016

On May 16, Moscow hosted a regular session of the EEC Council. The event was attended by the following members of the EEC Council: Vice Prime Minister, Minister of international economic integration and reforms of the Republic of Armenia Vache Gabrielyan, First Deputy Prime Minister of the Republic of Belarus Vasily Matyushevsky, Deputy Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, Deputy Prime Minister of the Kyrgyz Republic Oleg Pankratov, First Deputy Chairman of the Government of the Russian Federation Igor Shuvalov, Chairman of the EEC Board Tigran Sargsyan, as well as members of the EEC Board (Ministers).

The EEC Council considered a number of issues in the areas of integration and macroeconomics, trade, economic and financial policy, industry, technical regulation, energy and infrastructure, and customs cooperation.

The EEC Council members approved a draft decision of the Supreme Eurasian Economic Council "On basic guidelines for macroeconomic policies of the EAEU Member States for 2016-2017." It will be presented for consideration of the Supreme Eurasian Economic Council - the Presidents of the EAEU Member States on May 31 this year.

The document defines the most important short-and medium-term tasks for the economies of the Member States and provides recommendations for addressing them. The Main Benchmarks are based on the analysis of the social and economic development of the Union Member States for 2015, results of monitoring of compliance by the Member States with the EAEU macroeconomic indicators, determining the sustainability of economic development, and the results of the implementation of a similar document adopted last year.

The implementation of the Main Benchmarks will help the EAEU States overcome the negative economic situation, improve macroeconomic stability, and restore economic growth.

For the full-scale launch of the common market of medical products in the Union, the EEC Council adopted the rules on carrying out of research (tests) to assess the biological impact of medical products. The document defines mandatory rules for manufacturers of medical products and/or their authorized representatives when applying for the testing of medical products; authorized organizations for the testing of medical products; competent authorities of the EAEU countries when including in the unified register of the authorized organization. The purpose of the decision is to establish a single procedure for conducting tests of medical products and assessment of their compliance with safety requirements and effectiveness to ensure safety for patients and medical staff.

Moreover, the EEC Council amended the EEC technical regulations “On safety of machinery and equipment.” The amendments are aimed at removing uncertainties about the forms of conformity validation of the technological equipment for cafeteria, catering and trade enterprises with the requirements of this document. Business community has got a clearer algorithm for compliance confirmation of the products with the requirements of the document.

Also, the document drafted by the Commission in conjunction with the competent authorities of the Union Member States was approved in accordance with the Protocol on common principles and rules on regulating the activities of the natural monopoly entities. The document provides information on existing regulations (including those on energy efficiency), the activities of regulators, including the judicial practice for complaints and applications on establishing regulated tariffs (prices) and access to services of the natural monopoly entities in the areas of oil and oil products transportation, electric power, and rail transportation. Later this year in May, the Supreme Eurasian Economic Council will consider the information approved by the EEC Council.

Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan met President of the Russian Federation Vladimir Putin

18 April, 2016

On April 18, Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan met President of the Russian Federation Vladimir Putin in Moscow.

In the course of the meeting, the Parties discussed issues related to the priorities of further development of the Eurasian Economic Union (EAEU), and talked about expansion of economic relations with third countries and integration associations.

President of the Russian Federation Vladimir Putin congratulated Tigran Sargsyan on his appointment to the post of Chairman of the Board of the EEC. He stressed the responsibility that has been bestowed on Tigran Sargsyan's mission in this position, "We know each other very well; we worked together when heading the governments of our countries. Now you have been entrusted with a very important mission. You have become an international official and one of a high rank. I have every expectation that the Eurasian Economic Commission will successfully operate under your stewardship. Viktor Khristenko did a great job laying the foundation, I believe. But there are still many issues and problems we have to resolve by working together."

The Head of State pointed out the importance of fully utilising the advantages of the EAEU, saying that it would assist in resolving challenges faced by the member countries. "This is, actually, what we have created this association for—to foster economic growth and development of the social sphere," noted Vladimir Putin.

The President of the RF wished Tigran Sargsyan every success in his work. "We have a meeting of the Heads of Governments in Yerevan and then a meeting of the Heads of States in Astana in the near future. Which means, we shall be preparing together for these significant events," said Vladimir Putin.

In his turn, the Chairman of the EEC Board thanked the President of the RF for the opportunity to discuss the prospects of the development of the Eurasian Economic Union.

He assured that the accumulated integration capacities would serve the interests of the peoples of the Union member states. Tigran Sargsyan emphasized the necessity of ensuring the consistent operation of the Board of the Commission and its readiness to adequately address newly arising challenges. "We are witnessing a change in the trade and economic space and the global landscape, and the Eurasian Economic Commission, our Union, must be prepared for integration into these global transformations," said the Chairman of the EEC Board.

Tigran Sargsyan assured the President of the RF that the Commission would do "whatever it takes for the directions and priorities identified by the Heads of Governments to be fully implemented."

The session of the Eurasian Intergovernmental Council addressed a number of important issues aimed at further deepening of the integration

15 April, 2016

On April 13, there was a session of the Eurasian Intergovernmental Council in Gorki, Moscow Region. The summit was attended by the Prime Minister of the Republic of Armenia, Hovik Abrahamyan, the Prime Minister of the Republic of Belarus, Andrey Kobyakov, the Prime Minister of the Republic of Kazakhstan, Karim Massimov, the Prime Minister of the Government of the Russian Federation, Dmitry Medvedev, the Vice Prime Minister of the Kyrgyz Republic, Oleg Pankratov, and the Chairman of the Board of the Eurasian Economic Commission, Tigran Sargsyan.

The session of the Eurasian Intergovernmental Council addressed a number of important issues aimed at further deepening of the integration. In particular, the session attendees discussed issues related to macroeconomics, integration, trade, industry and the agroindustrial complex, the economy and financial policy, competition and anti-trust regulation, the power industry and infrastructure.

Addressing the session attendees with an opening speech, Prime Minister of the Government of the Russian Federation Dmitry Medvedev highlighted the following: “February this year saw the updated composition of the Board of the Eurasian Economic Commission under the leadership of Tigran Sargsyan. The Board of the Eurasian Commission embarked on practical work without delay. We hope that it will act professionally and coherently, ensuring the realisation of our collective interests. Naturally, we wish Tigran Sargsyan and the Board every success in the implementation of their objectives on the agenda of the department they work in.

The Prime Minister of the Republic of Belarus, Andrey Kobyakov thanked the Prime Ministers of the Union countries for their comprehensive, active support of the Belarusian Chairmanship of the EAEU in 2015. “Due to the realisation of our initiatives, the Union has a good foundation for further development of the Eurasian integration”, he emphasised.

Andrey Kobyakov noted that the Eurasian Economic Union (EAEU) is currently working actively on the external boundary, both in the East and West. "Merely a year has passed and the Union has already taken shape and become more that simply an integration association," he said. “And this is the right direction. The world is no longer in the process of division, it has already divided into coalitions. We are surrounded by countries and associations with strong economies. The objective of the EAEU is to take up a worthy place among them."

In addition, Andrey Kobyakov stated that Belarus expected serious progress in eliminating exemptions and restrictions in mutual trade within the EAEU. "In this regard, I propose, that we return to our idea of gathering proposals from the Parties about the priority list of 10-20 exemptions and take measures for their prompt elimination. The Belarusian Side expects serious progress in this work regarding the structural changes in the Commission - the appointment of a Member of the Board of the EEC in charge of the functioning of internal markets and the creation of a relevant Department", said the head of the Belarusian Government.

Taking into account the EEC’s report on the progress of implementation of the working Plan for the development of acts and international treaties in accordance with the Treaty on the Eurasian Economic Union and the Action Plan of the Commission for the implementation of the priorities of the Belarusian chairmanship as set out in the address of the President of the Republic of Belarus, A. G. Lukashenko, to the heads of the Eurasian Economic Union Member States dated January 1, 2015, the Intergovernmental Council charged the EEC and the Union countries to continue their work thereon.

The Plan for the development of acts containing 125 items is a list of acts, regulatory legal and other documents on the Commissions directions and objectives of the specialised EEC departments, structured according to the sections of the Treaty on the EAEU. The Action Plan of the Eurasian Economic Commission, in accordance with the address of the President of Belarus Alexander Lukashenko, includes clear measures and deadlines for their completion with indication of the EEC Ministers responsible for each issue.

The Intergovernmental Council recommended that governments, the central (national) banks of the Union Member States take note of the EEC’s proposals regarding economic measures to improve the sustainability of EAEU Member States' economies.

During the press briefing after the session, the Prime Minister of Kazakhstan Karim Massimov reminded attendees that this year Kazakhstan is chairing the EAEU bodies. "On the proposal of the Chairman of the Supreme Eurasian Economic Council, the President of the Republic of Kazakhstan Nursultan Nazarbayev, 2016 was declared the year of deepening economic relations between the Union and third countries and key integration associations," said Karim Massimov.

In this regard, the Chairman of the EEC Board, Tigran Sargsyan, stressed that during the session, a clear framework was identified for the EAEU cooperation with the European Union and the People's Republic of China.

The fundamentally important result of the Summit, as noted by Tigran Sargsyan, was the agreement of the heads of governments of the Union countries to meet more frequently and discuss the current directions of cooperation. This will allow us to move forward actively and better develop the Union documents. "In particular, we have agreed that at the next session of the Intergovernmental Council in Yerevan we will return to the discussion on the Concept of creating a single market for oil and petroleum products,” the Chairman of the EEC Board said. “In Yerevan, we will also continue our discussion of rail transportation.”

At the session of the Eurasian Intergovernmental Council the decision was made to hold the next session on May 20 in Yerevan.

The Intergovernmental Council approved the Provision on the formation and functioning of Eurasian technology platforms and the concept of creating a Eurasian Machine Tool Engineering Centre

15 April, 2016

On April 13, there was a session of the Eurasian Intergovernmental Council in Gorki, Moscow Region. The heads of Government of the countries of the Eurasian Economic Union approved the Concept of creating a Eurasian Machine Tool Engineering Centre. The concept was developed by the industrial section of the Commission, in conjunction with the EAEU Member States in accordance with the Main Directions of Industrial Cooperation within the Union. This strategic document defines the Machine Tool Centre as one of the tools of industrial cooperation between the Parties.

The approved Concept identifies the aims and objectives of creating the Centre, as well as the mechanisms for their realisation. The main objective of this integration structure will be the development of innovative technological solutions and the furtherance of their implementation into the production processes of the machine tool complexes of the EAEU countries. It is expected that the Centre’s primary aim will be the development of proposals for optimising efficiency and the localisation of existing enterprises alongside the creation of new high-technology enterprises. It is also set out to build up a logical cooperative chain for the manufacture of innovative export-oriented equipment.

The Concept provides for the possibility of the participation of all the EAEU countries in the establishment and operation of the Eurasian Machine Tool Engineering Centre. The machine tool industry of the Union is currently undergoing a complicated situation due to its critical lag in technological development behind the world leaders in this field. Currently, the Member States’ need for industrial enterprises is met through imports at 90%. The practical implementation of the Concept will provide the foundation for the integration of the Parties’ capacities in the innovative modernisation of the machine tool-building industry, solve the issues of import substitution and deepen industrial cooperation.

The Intergovernmental Council also approved the Provision on the Formation and Operation of Eurasian Technology Platforms. The Provision was developed in order to establish competence centres within the EAEU, stimulating the development of priority sectors of the economy and generate conditions for their continuous technological renovation.

The practical results of the operation of the Eurasian Technology Platforms will be the development and implementation of joint innovative products and technologies into industrial production, and the creation of new high-technology science-based industries.

In the annex to the decision, the heads of Government also identified that technology platforms will be established in some key sectors of the economy. These include: aerospace, information and communications, machine tools, medical, pharmaceutical, chemical, agricultural, nuclear and radiation technologies, and technologies of new materials, food processing, photonics, electronics, and energy and biotechnology.

The Eurasian Intergovernmental Council took the decision to develop the Procedures for organising joint scientific research and development work (SRD) in the spere of the EAEU agroindustrial complex. The Procedure will establish and govern: the interaction between the authorised authorities of the Parties, between the client and coordinator and the client and partner countries; the roles and responsibilities of the client-coordinator and clients from the partner countries; the stages of research; the allocation of intellectual property created within the framework of scientific work.

The joint scientific activities of the EAEU countries will promote the effective use of scientific capabilities, further form a single vector of innovation development in the agro-industrial complex in the Union, and stimulate the production of innovations and technologies and their subsequent integration into the production cycle.

At a session of the Eurasian Intergovernmental Council, Member of the Board - Minister in charge of Economics and Financial Policy of the Eurasian Economic Commission, Timur Suleimenov, presented proposals, developed by the EEC jointly with the Member States of the Eurasian Economic Union (EAEU), for further application of the principle of exhaustion of exclusive rights to trademarks in the EAEU.

The Treaty on the EAEU currently enshrines regional exhaustion of exclusive rights to trademarks on the territory of the Union. It defines the ability to import goods bearing the registered trademark into the territory of the Union Member States by the right holders themselves or by others with their consent.

The Eurasian Intergovernmental Council supported the proposal of the Commission on the application of the differentiated principle of exhaustion of rights, in accordance with which the Eurasian Intergovernmental Council has been granted the authority to establish exceptions to the application of the principle of regional exhaustion of rights in respect of certain types of goods.

The Disposition, approved at the session, charges the Commission, together with Member States, to develop the necessary draft amendments to the Protocol on the protection and enforcement of intellectual property rights (Annex No. 26 to the Treaty on the Union).

For reference

Decision No. 45 by the Council of the Eurasian Economic Commission dated 23 June 2014 and No. 108 dated 18 September 2014 established the Working Group on the development of proposals for further implementation of the principle of exhaustion of exclusive rights to intellectual property headed by Minister in charge of Economics and Financial Policy, Timur Suleimenov. The WG includes officials of the EAEU government bodies, experts representing the major direction in business, as well as members of the Commission.

The Working Group explored the legal, economic and social aspects related to the choice of the principle of exhaustion of rights, discussed the results of numerous studies, organised the survey of members of the WG, and held meetings with the participation of representatives of government bodies and business at the national level.

Following their consideration, the Working Group proposed a differentiated principle of exhaustion of rights in the EAEU, which foresees the retention of the existing regional principle of exhaustion of rights and inclusion in the rights of the Union of the possibility of making exceptions for certain types of goods.

Chairman of the EEC Board, Tigran Sargsyan, met the President of the Republic of Armenia Serzh Sargsyan

8 April, 2016

On 8 April in Yerevan, Chairman of Board of the Eurasian Economic Commission, Tigran Sargsyan, met the President of the Republic of Armenia Serzh Sargsyan.

The President of the Republic of Armenia expressed concern over the destructive approaches of some of the Eurasian Economic Union partners (EAEU). Serzh Sargsyan stressed that Armenia’s approaches have not changed and it is ready to continue constructive steps aimed at the development of the Union, which are derived from overall economic benefits.

During the meeting, the Parties discussed issues related to the priorities of the further development of the EAEU, and exchanged views on deepening economic relations with third countries and integration associations.

In his turn, the Chairman of the EEC Board, Tigran Sargsyan, thanked the President of the Republic of Armenia for the opportunity to discuss the topical issues of Eurasian Economic integration.

The meeting saw the discussion of the full launch of the common markets of medicines and medical products, the improvement of the EAEU customs legislation, eliminating barriers and exemptions in mutual trade, and the creation of the EAEU digital space. Tigran Sargsyan noted that the Commission, together with the EAEU countries, is carrying out serious work in each of these directions.

Chairman of the Board of the EEC, Tigran Sargsyan, met the Prime Minister of the Republic of Armenia, Hovik Abrahamyan

8 April, 2016

On 8 April in Yerevan, the Chairman of Board of the Eurasian Economic Commission, Tigran Sargsyan, met the Prime Minister of the Republic of Armenia, Hovik Abrahamyan.

The Prime Minister congratulated Tigran Sargsyan on his appointment to the high office of Chairman of the EEC and expressed his belief that Mr Sargsyan would apply his experience and knowledge in order to develop the economies of the countries of the Eurasian Economic Union (EAEU).

The head of the Government of the Republic of Armenia expressed concern over the postponement of the session of the Eurasian Intergovernmental Council in Yerevan, which had been scheduled for 8 April, stressing the importance of mutual constructive approaches to the development of the EAEU.

The Chairman of the Board of the EEC thanked Hovik Abrahamyan for his reception and the opportunity to discuss the priorities of the development of the Eurasian Economic Union.

Tigran Sargsyan also stated that Armenia's position and assessment are important for the further advancement of Eurasian integration which takes into account the overall benefits and features of the union States. This will facilitate their economic development and create conditions for a better business climate. According to Tigran Sargsyan, the Commission continues its work in this direction and is counting on the cooperation of the Government of Armenia.

The Chairman of the Board of the EEC drew attention to the prompt decision made by the Armenian Government to lift value-added tax when importing vehicles from EAEU countries by individuals for personal use.

The meeting also addressed the theme of eliminating barriers and exemptions in mutual trade between EAEU countries, in particular with regard to Armenian products.

The Prime Minister of the Republic of Armenia Hovik Abrahamyan raised the question of a value added tax refund when exporting goods from Armenia to EAEU countries, given the existence of borders. He noted that this issue is constantly voiced by representatives of the business community in Armenia. In turn, the Chairman of the EEC Board stressed that the Commission was considering this question. It will be paid more attention, taking into account the wishes of the Armenian side.

The EEC lifted import customs duties on goods for the construction of the third Iran-Armenia power transmission line

8 April, 2016

On 6 April in Moscow, the regular session of the Eurasian Economic Commission was held via videoconference. A number of issues were reviewed in the field of integration and macroeconomics, trade, customs cooperation, and economic and financial policies.

The event was attended by members of the EEC Council: Deputy Prime Minister, Minister of International Economic integration and Reforms of the Republic of Armenia, Vache Gabrielyan, First Deputy Prime Minister of the Republic of Belarus, Vasily Matyushevsky, First Deputy Prime Minister of the Republic of Kazakhstan, Bakytzhan Sagintayev, Deputy Prime Minister of the Kyrgyz Republic, Oleg Pankratov, First Deputy Prime Minister of the Russian Federation, Igor Shuvalov, as well as Chairman of the Board of the Eurasian Economic Commission, Tigran Sargsyan and Members of the Board - Ministers of the EEC.

In particular, the EEC Council approved the draft disposition of the Eurasian Intergovernmental Council “On progress in implementing the work plan of the development of acts and international treaties in accordance with the Treaty on the Eurasian Economic Union (EAEU) dated May 29, 2014 and Action Plan of the Eurasian Economic Commission for the implementation of the priorities of the Belarusian Chairmanship set out in the address by the President of the Republic of Belarus, A. G. Lukashenko, to heads of the Member States of the Eurasian Economic Union of January 1, 2015.” These documents will be submitted to the Eurasian Intergovernmental Council for consideration.

In addition, EEC Council members decided on the lifting of import duties on equipment and spare parts imported into the Republic of Armenia for the construction of the third Iran-Armenia power transmission line. "This measure is aimed at ensuring the implementation of Armenia’s international commitments for the construction of the third Iran-Armenia power transmission line,” explained Member of the Board - Minister in charge of trade of the EEC, Veronika Nikishina. “The list of goods includes various spare parts and equipment necessary for the construction and operation of transmission lines, including structural steel, ropes, cables, plaited bands, electrical apparatus for wiring or protecting electrical circuits, electrical transformers, static converters, etc. To receive preferential tariffs, importers should submit confirmation of the destination of imported goods to the Customs Authorities of the Republic of Armenia.”

In the sphere of economics and financial policy, the further application of the principle of exhaustion of exclusive trademark rights in the EAEU countries was reviewed.

Currently, the Treaty on the EAEU on the territory of the Union enshrines the regional principle of exhaustion of the exclusive right to a trademark. It provides for the direct introduction of goods into civil circulation on the territory of the Union countries by the copyright holder or other entities upon obtaining consent. Thus, the import of particular goods is only possible in case where official dealers have obtained permission to do so.

The EEC proposes considering the possibility of introducing a differential principle of exhaustion of rights, providing for the preservation of regional exhaustion of rights enshrined in the Treaty on the Union, with the possibility of making exceptions for certain types of goods on a temporary or permanent basis. This means the possible introduction of "parallel" imports on a range of products.

At present, the Parties are discussing the possible introduction of "parallel" imports, primarily on consumer goods. Russia proposes, first of all, considering the possibility of establishing an international principle of exhaustion of the right to medicines, medical devices and car spare parts. The decision should be adopted with all due consideration of the positions of all Parties.

The EEC has a functioning Working Group on the Elaboration of Proposals for the Further Application of the Principle of Exhaustion of Exclusive Intellectual Property Rights in the Union. Following the consideration of possible options, it proposed introducing a differentiated principle of exhaustion of rights.

The Working Group explored the legal, economic and social aspects related to the choice of the principle of exhaustion of rights, discussed the results of numerous studies, organised a poll of the members of the Working Group, and held a series of meetings with representatives of public authorities and business at the national level.

Should the EEC Council and subsequently the Eurasian Intergovernmental Council (EIC) approve the principle of exhaustion of rights, it will be necessary to supplement the Protocol on the Security and Protection of Intellectual Property Rights (Annex No. 26 to the Treaty on the Union) with a regulatory law that grants authority to the Eurasian Intergovernmental Council to establish exceptions from the application of the principle of regional exhaustion of rights in respect of certain categories of goods, as well as determine the procedure for establishing such exceptions.

The issue will be addressed at the session of the Eurasian Intergovernmental Council.

For reference:

The Working Group on the Elaboration of Proposals for the Further Application of the Principle of Exhaustion of Exclusive Intellectual Property Rights was founded by Decision No. 45 of the Council of the Eurasian Economic Commission dated June 23, 2014. The Working Group is chaired by Member of the Board - Minister in charge of Economics and Financial Policy, Timur Suleimenov. The composition of the Working Group approved by Decision No. 108 of the Council of the Eurasian Economic Commission dated September 18, 2014, comprises officials of the authorised authorities of the EAEU countries, experts from the business community, as well as the employees of the Commission.

Chairman of the EEC Board Tigran Sargsyan met with the President of the Republic of Belarus Alexander Lukashenko

24 March, 2016

On March 24 in Minsk, the Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan met with the President of the Republic of Belarus Alexander Lukashenko.

During the meeting, they discussed relevant issues related to the development of the Eurasian Economic Union (the EAEU), deepening economic relations between the association and third countries, as well as priorities for further development of the integration association and the overall strategy of the Union countries’ actions in the context of global markets.

The President of Belarus Alexander Lukashenko stressed that the Eurasian Economic Union should be no worse than the European Union. "We have no way back. We need to improve the Eurasian Economic Union, and create a Union that is no worse than the EU. Otherwise, our words will appear empty before our people,” the Head of State said.

Alexander Lukashenko noted that the EAEU, established in a relatively short period of time, had already seen sufficient success. "But there is still a great number of drawbacks and outstanding issues requiring solution due to both objective and subjective reasons. Therefore, all involved will have to bear the strain, from the Commission to the Presidents and Prime Ministers, in order to bring about a high level of functioning of the Eurasian Economic Union," the President said.

In 2015, Belarus chaired in the EAEU and proposed an action plan for development of the Union. “For various reasons many issues could not be resolved until the end,” Alexander Lukashenko stated. “We left some areas seriously under-developed, there were many uncertainties. Kazakhstan's accession to the WTO also left its mark, we had to adapt," the Head of State reminded.

Despite the problems, Alexander Lukashenko is optimistic about the future of the EAEU. "Life will force us to move very quickly in terms of the formation of our Union, aligning the formula we have repeatedly talked about. So that we have within our national borders real freedom: markets, capital, and labour. So that our national problems do not hinder development of our common interests and prevent us finding the solution to the issues that we face," the President stated with confidence.

In turn, the Chairman of the EEC Board Tigran Sargsyan thanked the President for the opportunity to discuss the relevant issues related to the integration processes within the Eurasian Economic Union. "I'd like to see that, given the enormous experience gained and work undertaken on the establishment of the common economic space, we managed to imbue the interaction between the EAEU countries with a new impetus. To let our citizens and our businesses feel the real return of the Eurasian integration exactly today, when we can see that the world is undergoing significant transformation, and new challenges and threats to our cooperation are emerging," the EEC Board Chairman stressed.

According to Tigran Sargsyan, “it will be easier for us together to overcome the challenges that modern life brings." The Chairman of the EEC Board expressed his confidence that the priorities identified by the President of Belarus during its Chairmanship of the EAEU bodies in 2015 have not lost their relevance. "We have a lot to finalise within the working plan, which was approved by the EEC Board. There is still much to be done, in order to become a common economic space in reality," Tigran Sargsyan said.

During the press briefing after the meeting, the Chairman of the EEC Board identified the key focus areas of the development of integration processes in the Eurasian Economic Union. According to Tigran Sargsyan, they are directly linked to the effectiveness of the Eurasian Economic Commission’s work. "We have created a unique institution,” the Chairman of the EEC Board said in this regard, “that has necessary authority, good professional staff, and that has acquired certain skills over the last four years. It is vital that the Commission give decent results. It is of fundamental importance.”

Among the main focus areas of the Commission's work and cooperation between the Union countries, Tigran Sargsyan emphasised modern technologies, the creation of a single information space that will enhance efficiency, productivity and competitiveness in all sectors of the economies of the EAEU.

"The Commission will continue implementing projects that our citizens and business of our country await, because the results of our work are evaluated by how we create favorable conditions for our citizens and businesses. We must focus on this in particular," the Head of the EEC Board said.

Furthermore, Tigran Sargsyan highlighted:

"It is vital that we clearly define and submit for approval by our Presidents our strategic, medium-term and tactical objectives. From this point of view, it is necessary to present to the Heads of States our holistic vision, a comprehensive document outlining how the Union will position itself within global trends, and how we will move forward. I discussed in detail the preparation of the strategy, which will be the focus of the Heads of the EAEU States, with the President of Belarus.

In terms of advanced technologies we have great potential, particularly, in light of Belarus’ experience, since it is well known that this segment of the Republic's economy is developing relatively rapidly, special conditions for new technologies have been created, there is intellectual potential, and the infrastructure has been built. We can see that Belarusian specialists are creating new products at the highest level that enhance productivity in all sectors. And this is a modern trend.”

Chairman of the EEC Board Tigran Sargsyan met with Prime Minister of Belarus Andrei Kobyakov

24 March, 2016

On March 24, the Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan met with Prime Minister of the Republic of Belarus Andrei Kobyakov in Minsk.

During the meeting, the Parties discussed current issues and priorities for the development of Eurasian integration.

The Head of the Government of the Republic of Belarus Andrei Kobyakov congratulated Tigran Sargsyan on his appointment as Chairman of the EEC Board and wished him success in his work. He noted that it was a position of responsibility in a difficult period of time. Andrei Kobyakov stressed: “You are currently at the helm of the main executive body of the Eurasian Economic Union.” According to the Prime Minister, the Republic of Belarus is ready to support the Chairman of the EEC Board with its capabilities.

In turn, Tigran Sargsyan thanked Andrei Kobyakov for the congratulations and noted that these words impose great responsibility on him: he would “work to achieve results in order to justify the trust put in him.”

Tigran Sargsyan spoke about the main activities of the EEC Board. One of these is promoting industrial cooperation between the Member States of the Eurasian Economic Union (EAEU) based on high technologies and attracting investment in joint projects. In this regard, the Member States of the Union are facing the challenge of combining industrial capabilities, consolidating efforts in doing business on a cooperative basis in the form of joint ventures, production and exports of joint products and joint positioning on the market of third countries.

As noted by Tigran Sargsyan, the international activities of the EAEU, which include the conclusion of agreements on free trade areas (FTA) with third countries, would contribute to exports from the Member States of the Union, attracting investments and overall growth of the economies of the EAEU Member States, including Belarus, through the creation of effective conditions for the diversification of trade and economic relations.

The EEC Council approved the Plan to implement the Main directions of industrial cooperation in the EAEU and decided to establish a Working Group on formation of the digital agenda of the Union

18 March, 2016

On March 17, a regular session of the Council of the Eurasian Economic Commission was held in Moscow. The event was attended by Members of the EEC Council: the Vice Prime Minister, the Minister of international Economic Integration and Reforms of the Republic of Armenia Vache Gabrielyan, the First Deputy Prime Minister of the Republic of Belarus Vasily Matyushevsky, the First Deputy Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, the Deputy Prime Minister of the Kyrgyz Republic Oleg Pankratov, the First Deputy Prime Minister of the Government of the Russian Federation Igor Shuvalov as well as the Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan and Members of the EEC Board - Ministers.

The EEC Council considered a number of important issues in the areas of integration and macroeconomics, trade, economy and financial policy, industry and agroindustrial complex, technical regulations, domestic markets, information support, and information and communication technologies.

Members of the EEC Council approved the Plan to develop the EEC instruments and measures on implementation of the Main directions of industrial cooperation in the framework of the Eurasian Economic Union ( the EAEU MDIC). The document provides for specific activities and practical actions of the Union Member States and the Commission to enhance industrial cooperation within the EAEU. Regulatory development activities on preparation of legal acts of the Union, necessary for implementation of practical cooperation among the Member States in accordance with the MDIC are also planned.

The Member of the Board - Minister in charge of Industry and Agroindustrial Complex Sergey Sidorskiy explained that the action plan in the area of industrial policy is designed for medium and long term. "The document relates, first and foremost, to the existing production facilities defining the individual economies of the Union Member States. The parties will jointly address issues of import substitution, cooperation with access to high-tech innovative production ", Sergey Sidorskiy said.

The EEC Council also endorsed the Draft Regulation on Formation and Operation of Eurasian Technological Platforms, which will be submitted to the Heads of Government of the Union Member States at the next session of the Eurasian Intergovernmental Council. "We are going to come to creation in the EAEU of technological platforms that will consolidate the best scientific and engineering developments and ensure the transfer of technologies. The technological platforms are planned to develop in innovative fields in the first place, such as nano- and biotechnologies, creation of modern medical equipment and others", the EEC Minister stressed.

Formation and operation of the Eurasian technological platforms will promote mutually beneficial innovative development of national industrial complexes, establishment of competence centres in the EAEU Member States, systematic technological upgrading and improving the global competitiveness of the industry.

In addition, the EEC Council decided to establish a Working Group, which will discuss the digital agenda of the Eurasian Economic Union. The Working Group will include representatives of public authorities, business and expert communities from the EAEU Member States. Until December 1, it is scheduled to elaborate proposal on formation of the digital space of the Union in the following areas: digital upgrade of integration processes, digital markets, digital infrastructures, institutions for development of digital economy. Collaboration of the Parties will give an understanding of the relevant digital agenda, showing exactly where the most effective solutions can be found in the digital space.

The EEC Council adopted the Procedure of forming and maintaining a Unified List of Products of the EAEU Member States, in respect of which mandatory safety requirements are established

18 March, 2016

On March 17, the session of the EEC Council approved the Procedure of forming and maintaining the Unified List of Products, in respect of which mandatory safety requirements are established within the Eurasian Economic Union (the EAEU).

The Procedure established by the Commission provides for reasons, based on which products may be included in the Unified List. The document defines the format for preparation and submission of proposals to the Commission on inclusion of products in the Unified List, on their excluding from the List, on amending the name of the type or group of products included in the Unified List. The Treaty on the Eurasian Economic Union implies that the Union technical regulations or mandatory national requirements apply only to products included in the Unified List.

The EEC Council adopted the Procedure of metrological certification of measurement method (methods). The document establishes the EAEU uniform rules for metrological certification of measurement method (methods), provides for carrying out certification by authorized organizations and issuing certificates of attestation in a unified form. The document is aimed at ensuring recognition of the results of works on metrological certification of measurement techniques (methods) by the Union Member States without additional procedures. The EEC Council also established transitional provisions that will help market participants to adapt to the new conditions. The Procedure will begin to apply from the date of entry into force of the regulations for the mutual recognition of the results of works on unification of measurements. Before the date of entry into force of the Procedure, certification shall be carried out in accordance with the national legislation of the EAEU Member States. The documents issued on the basis of its results shall be valid until termination of the respective certified measurement procedures (methods) defined in accordance with the legislation of each Union Member State.

The EEC Council approved a List of issues, on which the EEC Board has to conduct consultations within the Advisory Committee on technical regulations, sanitary, veterinary and phytosanitary measures before adoption of the decision of the EEC Board or Council. The List comprises 50 issues, including the approval of the Procedure for development and adoption of technical regulations of the EAEU, the Procedure for their amending and cancellation; the Procedure for importing products subject to mandatory conformity assessment on the customs territory of the Union; the Unified List of products (goods) subject to state sanitary and epidemiological control, etc.

Chairman of the Board of the EЕС, Tigran Sargsyan, met the President of the Kyrgyz Republic, Almazbek Atambayev

26 February, 2016

On February 26, in Bishkek Chairman of the Board of the Eurasian Economic Commission, Tigran Sargsyan, met the President of the Kyrgyz Republic, Almazbek Atambayev.

During the meeting they discussed issues related to key areas of the ongoing activities of the Eurasian Economic Union (EAEU), solutions for the urgent tasks and priorities for the further development of integration association.

Almazbek Atambayev noted that Kyrgyzstan's membership in the EAEU coincided with difficult processes in the world economy, which poses new challenges to all participants of the Union. "It is vital that the hopes of the Kyrgyz people come true after the integration," stressed the President of the Kyrgyz Republic.

The meeting participants discussed the implementation of activities within the framework of the accession of Kyrgyzstan to the Eurasian Economic Union and the measures taken to improve the efficiency of the country's participation in Eurasian integration.

Chairman of the Board of the EEC, Tigran Sargsyan, noted the need to increase the competencies of the Board of the Commission for operational decision-making on relevant economic issues, and the prospects of cooperation of businesses of the Union countries for the purpose of stable development of the economies of Member States.

Chairman of the Board of the EЕС, Tigran Sargsyan, met the President of Kazakhstan, Nursultan Nazarbayev

25 February, 2016

On February 25, in Astana Chairman of the Board of the Eurasian Economic Commission, Tigran Sargsyan, met the President of the Republic of Kazakhstan, Nursultan Nazarbayev.

During the meeting, they discussed the issues of the current development of the Eurasian Economic Union (EAEU), the association’s deepening economic relations with third countries, as well as the overall strategy of the actions to be taken by the EAEU Member States in the prevailing conditions in global markets.

The President of the Republic of Kazakhstan, Nursultan Nazarbayev, emphasised that Tigran Sargsyan’s Presidency of the EEC Board fell on hard times in the world economy, and in these circumstances it is not easy to find new points of growth.

“However, all these hardships are in no way related to the work of the Eurasian Economic Union. I have no doubt as to the ultimate benefit of our integration association. Especially since today many countries are expressing their wish to join the EAEU or create a common free trade zone with the Union. The crisis is a temporary phenomenon while the overall potential of our economies and market volumes remain,” Nursultan Nazarbayev said.

As noted by the President of Kazakhstan, membership in the integration association implies not only taking advantage of opportunities but also the need to contribute to its development.

Tigran Sargsyan noted that the position of President Nursultan Nazarbayev regarding the EAEU’s overall development strategy was crucial, because the Kazakh President's initiatives and ideas formed the basis of the established common Eurasian space. The Chairman of the Board of the EEC expressed confidence that in the year of the Presidency of Kazakhstan, integration processes will be given a new impetus towards development.

Tigran Sargsyan reported that the Board of the EEC had been tasked with examining the appeal of the President of Kazakhstan to the heads of the Member States. A relevant plan was drawn up to implement the main provisions of the appeal. Furthermore, Tigran Sargsyan spoke about the main directions of the current activities of the EEC Board.

The Chairman of the EEC Board, Tigran Sargsyan, met with the Chairman of the Government of the Russian Federation, Dmitry Medvedev

16 February, 2016

In Moscow on February 16, the Chairman of the Board of the Eurasian Economic Commission, Tigran Sargsyan, met with the Chairman of the Government of the Russian Federation, Dmitry Medvedev.

The Chairman of the Government of the Russian Federation wished success to Tigran Sargsyan in his new office as the Chairman of the EEC Board and in this regard noticed: "It's a tough job, but I believe, it’s interesting as it aims at integration, at achieving great results that are of benefit to all countries forming the Eurasian Economic Union".

Dmitry Medvedev emphasised the importance of interaction between the Government of the Russian Federation, as well as the Governments of other Member States of the Union with the Eurasian Economic Commission - a supranational regulator. This, according to the Chairman of the Russian Government, is required to address the pressing challenges of Eurasian integration: first and foremost, to improve the Union regulatory framework and to seek solutions in the most varied and occasionally very difficult situations that arise in the work of the Eurasian Economic Union (the EAEU).

In addition, during the conversation Dmitry Medvedev highlighted that the deliveries of Russian goods in transit through the territory of the Ukraine is a current international problem, which, according to him, should be tackled in close cooperation with partner countries of the Union. The Russian Federation is currently engaged in consultations on this matter with colleagues on the Eurasian Economic Union. “All this falls under the issues that must be negotiated in the format of the Eurasian Economic Union, too", Dmitry Medvedev noted.

Tigran Sargsyan thanked Dmitry Medvedev for his kind words and said that citizens and businesses of the EAEU countries have big expectations of real results from integration.

“I realise the responsibility that currently rests with me and my colleagues in the Commission," Tigran Sargsyan said. – “We have to show that integration works. It will be an additional incentive for integration processes. And your support will help us move forward more effectively. Our meetings in the context of the work of the Eurasian Economic Commission will be regular. This will certainly help to address a great deal of issues as quickly as possible".

Message from Nursultan Nazarbayev, the President of the Republic of Kazakhstan, to heads of the Member States of the Eurasian Economic Union

10 February, 2016

The Eurasian Economic Union is an important integration association, contributing to the creation of stable conditions for the development of the economy and new opportunities for the well-being of citizens.

We consider the Eurasian Economic Union an open economic community, naturally integrated into the global economic system as a reliable bridge between Europe and the growing Asia.

Amid the slowdown of the world economy, the efforts of our States to develop economic integration, create a common market for goods, services, capital and labour can become key sources of diversification and growth of economies. Expansion of trade and economic relations with key partners and new growing markets should become the impetus for enhancing the role of the Eurasian Economic Union across the continent.

What appears important in this regard is allying the Eurasian Economic Union with the initiative for the construction of the Economic belt along the Silk Road, and deepening cooperation with the Shanghai Cooperation Organization and the European Union. In this regard, 2016 should become the start of practical work on the long-term creation of free trade zones of the Member States and the SCO.

I suggest that we declare 2016 “The year of deepening economic relations of the Union with third countries and key integration associations.”

Our Governments, in close collaboration with the Commission should study these issues with our key partners and resolve them to the benefit of all.

I am convinced of the need to work on strengthening the competitiveness of the economies of our Member States in the global economy, improving the business climate and increasing their investment attractiveness.

In this respect, it is important to improve our customs regulations in the Union's Customs code that is currently under consideration, simplify customs administration procedures for participants of foreign economic activity, create and implement "single window" mechanisms for export and -import transactions.

It is important to use the tools for technical, customs and tariff regulation in order to facilitate the diversification of the economies of the Union Member States, in full conformity with the World Trade Organization rules.

We consider the coordination of cooperation on sanitary, veterinary and phytosanitary control to be relevant.

In order to ensure the free movement of energy resources and realize the export potential of our countries, I propose that we enforce the adoption and implementation of programs to develop common markets of electric power, oil and oil products, and gas.

Kazakhstan pays great importance to the creation of the common financial market within the Union. In this regard, I believe it is necessary to prepare the legal framework for the harmonization of the laws of the Union Member States in the financial sphere in 2016.

It is significant to ensure one of the basic principles of the Union: the functioning of the single market without exclusions and restrictions upon completion of the transitional periods. Any measures that the Member States undertake with regards to third countries should not have a negative impact on the other members of the integration process, including in terms of freedom of transit of goods through the territory of the Eurasian Economic Union.

I reaffirm the intentions of Kazakhstan under the Presidency in the Union bodies to contribute to the strengthening of economic cooperation and equitable cooperation between our countries and hope that Kazakhstan's initiatives will be supported by partner countries of the Eurasian Economic Union.

I am convinced that the implementation of the said principles of the Union will serve as a powerful impetus for the further dynamic development of our Union.

The Chairman
of the Supreme Eurasian
Economic Council 

N.A. Nazarbayev


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The updated EEC Board began its work

1 February, 2016

On February 1, 2016, the updated EEC Board under the leadership of the new Chairman of the Eurasian Economic Commission, Tigran Sargsyan, started work.

It was approved in the last December at the session of the Supreme Eurasian Economic Council by the Presidents of Eurasian Economic Union (EAEU).

By the decision of the Supreme Eurasian Economic Council, each country of the Union (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia) is now represented in the Council by two, instead of three, members of the Board (Ministers).

Therefore, from February 1, the Board consists of 10 members.

However, the Presidents of the EAEU countries have maintained continuity: eight of ten newly appointed EEC Ministers previously held similar positions.

The only new face in the Board, other than the Chairman, is Veronika Nikishina (representative of the Russian Federation) who replaced her predecessor Andrey Slepnev as Minister for Trade.

In accordance with the Decision of the Supreme Council of the Eurasian Economic Union, a new position was introduced to the Commission - Member of the Board – Minister in charge of Domestic Markets, Informatisation, and Information and Communication Technologies.

This post has been taken by Karine Minasyan (Republic of Armenia).

According to the Treaty on the EAEU, the EEC Board’s term of office is four years.


The updated EEC Board


Tigran Sargsyan

- Chairman of the EEC Board


Tatyana Valovaya

- Member of the Board – Minister in charge of Development of Integration and Macroeconomics


Timur Suleimenov

- Member of the Board – Minister in charge of Economy and Financial Policy


Sergey Sidorskiy

- Member of the Board – Minister in charge of Industry and Agroindustrial Complex


Veronika Nikishina

- Member of the Board – Minister in charge of Trade


Valery Koreshkov

- Member of the Board – Minister in charge of Technical Regulation


Mukay Kadyrkulov

- Member of the Board – Minister in charge of Customs Cooperation


Danil Ibrayev

-Member of the Board – Minister in charge of Energy and Infrastructure


Nurlan Aldabergenov

- Member of the Board – Minister in charge of Competition and Antitrust Regulation


Karine Minasyan

- Member of the Board – Minister in charge of Domestic Markets, Informatisation, Information and Communication Technologies.

VIKTOR KHRISTENKO, CHAIRMAN OF THE BOARD OF THE EURASIAN ECONOMIC COMMISSION: SEASON’S GREETINGS

31 December, 2015

Dear colleagues,

The first year of full operation of the Eurasian Economic Union (EAEU) is now over. However, the first four-year managerial cycle of the functioning of the first post-Soviet Eurasian supranational body - the Eurasian Economic Commission – is coming to an end. In 2016, the second Board of the Commission will start working.

The integration process is an unbreakable chain of consecutive actions. We have been moving step by step, while keeping in mind an important condition - the first hurricane must not sweep away the structure of integration, for which a deep and solid foundation is required.

Without being excessively pathetic, we can consider the current processes as historical. For quite a short period of time we have managed to create and “place into orbit” the executive body of the Union - the Eurasian Economic Commission. To accelerate the integration processes at the stage of the Customs Union (CU), a lot has been done in a number of sectors of the economy - in trade, technical regulation, customs administration, and competition policy.

This allowed launching the Common Economic Space (CES), and then, having developed the necessary regulatory framework to deepen the integration, to step up to the level of the Eurasian Economic Union since January 1, 2015. In addition to what has been implemented at the stages of the Customs Union and the Common Economic Space, it means the transition to the single market implementing the freedom of movement of goods, services, capital, and labour; the introduction and implementation of agreed policies in key sectors: transport, industry, power, and agriculture; the coordination of macroeconomic policies, and ensuring equal rights in the field of labour migration for citizens of the Union Member States.

In 2015, a single services market became operational within the Eurasian Economic Union. In 2016, a single market for medicines and medical products will get started. Around the corner there is a launch of a common energy market, and then a common market for oil, petroleum products and gas.

New partners - Armenia and Kyrgyzstan - joined the Union. The Eurasian Economic Union has become a full-fledged subject in the international arena, introducing its own pool of trade and economic relations with the leading and perspective economic centers: China, India, Vietnam, Iran, Egypt, Israel, countries of Latin America, and maintaining relations with its traditional partners. I am convinced that the essential element of our long-term strategy of economic cooperation should be the direct dialogue between the Eurasian Economic Commission and the European Commission.

All the time, we have been in close dialogue with the business communities of our countries, tried to make the supranational regulations more effective than the national ones, using the best international practices, norms, and WTO standards as the basis.

Of course, the more we do, the more questions arise that need answering. We cannot say that we have done everything we had planned for these four years. Moreover, we have already enjoyed the benefits of the first steps of simplifying and harmonizing procedures and removing boundaries. It definitely had its positive effects. And I am sure that the current examples of problems and conflicts are the effects of under-integration.

Therefore, in the future we have to be all the more engaged in the development of uniform standards, elimination of exceptions and limitations, barriers and obstacles for the effective operation of single markets. This will give an additional impetus to the internal development of the economies of the Member States of the Union and the growth of their influence at the international level.

EAEU is an open association, a window of opportunities. This is an economic project. It is deprived of political component, and stays focused on business interests, improvement of regulatory frameworks, and easing barriers.

Behind the “front-end” of the complex and conflicting global agenda, there is a very important process going on: the world has come to the real-life multi-polarity.

New centers have emerged, that are dissatisfied with their position in the world system, their influential capabilities on decisions taken by the existing global institutions.

At the same time, everyone understands that they can either survive or be heard alone. Everybody is trying to find a platform, a group that ensures the implementation of their own projects at their best.

Therefore, every group of players with close understanding of the purposes is searching for formats of joint formulation of their interests, including for the purposes of changing the old rules within the framework of global institutions.

The onset of the regionalization trend is an attempt to find an answer to these challenges, a chance to find new forms of interaction. The Eurasian Economic Union is in the trend in this sense.

The future will depend on the effectiveness of the internal structure of integration unions and effectiveness of communication between them. The future outlines of the world order will be born in this dialogue.

The Eurasian Economic Union has all the prerequisites to take its rightful place in this future.

The past year was difficult for all of us. But this should not keep us from the pleasure of spending the holidays with our families, recalling good moments, thinking about the future, restoring ourselves to start a new year with new ideas and interesting projects.

I wish success, health and wellbeing to you and your families!

Happy New Year!


Chairman of the EEC Board  
Viktor Khristenko

Heads of EAEU Member States approved new list of EEC Board Members

22 December, 2015

On December 21, at the session of the Supreme Eurasian Economic Council (SEEC), Heads of the Member States of the Eurasian Economic Union (EAEU) – the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, and the Russian Federation – adopted the decision on the chairmanship within the EAEU bodies, personal composition and sharing of responsibilities between the Members of the EEC Board. The Presidents of the EAEU Member States also determined the milestones for further development of integration association.

In 2016, the Member State chairing the Supreme Eurasian Economic Council, the Eurasian Intergovernmental Council and the Council of the Eurasian Economic Commission will be the Republic of Kazakhstan. Chairmanship will pass from Belarus to Kazakhstan.

Due to the end of office term of the EEC Ministers, which are elected every four years, the Presidents of the EAEU Member States have approved a new list of members of the Commission Board. Now, each EAEU Member State will have two representatives in the EEC Board. The new list of members of the EEC Board will assume duties on February 1, 2016.

The Chairman of the Board Viktor Khristenko commented on the Decision of the SEEC: "Five persons have been working in the EEC Board from its beginning, 3 persons were included in it after the accession of Armenia and Kyrgyzstan, and 2 persons are new. Thus, continuity of the EEC Board is ensured."

According to the Decision of the Presidents of the EAEU Member States, a new position will appear in the Board of the Commission: Member of the Board – Minister in charge of Internal Markets, Informatization, Information and Communication Technologies. This position will be occupied by Karine Minasyan, who was the Minister of the EEC from Armenia beginning from January 2015.

Next year, the Minister of the EEC from the Kyrgyz Republic Danil Ibrayev will become the Minister in charge of Energy and Infrastructure of the EEC. Currently, this position is occupied by Tair Mansurov (Kazakhstan). Another representative of Kyrgyzstan Mukay Kadyrkulov will become the Minister in charge of Customs Cooperation of the EEC, thus replacing Vladimir Goshin (Belarus) on this position.

A new person in the Board of the Commission will be Veronika Nikishina (the Russian Federation), who will be the Minister in charge of Trade of the EEC replacing Andrey Slepnev (the Russian Federation) on this position.

The following Ministers will remain on their positions: Tatyana Valovaya (the Russian Federation) will remain the Minister in charge of Integration and Macroeconomics of the EEC, Valery Koreshkov (Belarus) – the Minister in charge of Technical Regulation of the EEC, Sergey Sidorskiy (Belarus) – the Minister in charge of Industry and Agroindustrial Complex, Timur Suleimenov (Kazakhstan) – the Minister in charge of Economy and Financial Policy, Nurlan Aldabergenov (Kazakhstan) – the Minister in charge of Competition and Antitrust Regulation of the EEC​.

Decision on the nomination of the Chairperson of the EEC Board has been made by the Presidents of the EAEU Member States in October this year. New Chairperson will be a representative of Armenia Tigran Sarkisyan, who is currently the Ambassador of the Republic of Armenia in the USA. Earlier, from 2008 to 2014, he held the position of the Prime Minister of Armenia.

The SEEC Members also approved the budget of the Eurasian Economic Commission for the next year and agreed on the population census in the EAEU Member States in 2020.

In addition, the Decision on amending the Programme of staged liberalisation of cabotage transportation of cargo by road for 2016-2025 has been adopted. Amendments are made in connection with the accession of Kyrgyzstan to the said Programme. Implementation of the Programme will start on January 1, 2016. The document allows for road transportation companies of the Eurasian Economic Union to gain access to the internal market of cargo transportation, to minimise empty cargo runs, as well as to reduce transportation costs for consumers of the services related to transportation of cargo by road.

Issue on harmonization of the EAEU and the project of the Silk Road Economic Belt was also considered at the SEEC session. Work on creation of the road map for cooperation with China has been started. Viktor Khristenko said: "We hope that, over the first six months, we will start the final agreement of this road map not only by the Governments of the EAEU Member States and the EEC, but also by our Chinese counterparts. It may be adopted in the 3rd quarter of 2016."

The Chairman of the EEC Board also reported on the actions expected to be taken by the EAEU Member States after coming into force on January 1, 2016 of the Agreement on Free Trade Zone concluded between the Ukraine and the EU. During the first six months of the future year, the EAEU Member States will elaborate the response mechanisms for the possible risks under the current legal framework. Viktor Khristenko explained: "During this 6-month period, we shall elaborate legal mechanisms allowing the National Governments to implement their right envisaged in the Union, namely the right for actions of unilateral national level under the supranational system, when there is a right to adopt responses, which the efficient mechanism of their administration must comply with." The monitoring will be implemented during this term in order to identify the consequences of the Agreement on Free Trade Zone concluded between the Ukraine and the EU for the economies of the EAEU Member States. Instruments related to information exchange of both legal and technological nature will also be elaborated. Over 6 months, it is expected that a unified information system of record-keeping and mutual exchange of information on all goods imported to the EAEU will be developed.

EEC Council to Set Deadline for Circulation of Fuel in EAEU Member States

3 December, 2015

On December 2, Astana hosted the regular session of the Council of the Eurasian Economic Commission. The event was attended by the Members of the EEC Council: The Vice-Prime Minister, the Minister of International Economic Integration and Reforms of the Republic of Armenia Vache Gabrielyan, the First Deputy Prime Minister of the Republic of Belarus Vasiliy Matyushevskiy, the First Deputy Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, the Vice-Prime Minister of the Kyrgyz Republic Oleg Pankratov, the First Deputy Chairman of the Russian Government Igor Shuvalov, as well as the Chairman of the EEC Board Victor Khristenko and Members of the Board – Ministers of the Eurasian Economic Commission.

The EEC Council discussed a number of important issues in the spheres of integration and macroeconomics, trade, customs cooperation, economics and financial policy, technical regulation, competition and antimonopoly regulation.

As far as the technical regulation is concerned, the EEC Council signed Protocols on the accession of the Republic of Armenia to the Agreements on Common Principles and Rules of Circulation of Medicines and Medical Products in the Eurasian Economic Union (EAEU). It is required for launching common markets of medicines and medical products in accordance with the Treaty on the EAEU since January 1, 2016.

According to the Member of the Board – Minister in charge of Technical Regulation of the EEC Valery Koreshkov, the formation of common markets in these socially important spheres will contribute to the development of pharmaceutical industry of the EAEU Member States, the growth of mutual trade in medicines and medical products, as well as provision of the population of five Member States of the Union with safe, effective and quality medicines. To ensure the operation of common markets, agreements provide for adoption of about 35 normative acts of the Eurasian Economic Commission by the end of this year, regulating certain issues of the circulation of pharmaceutical and medical products. Drafts of all these acts are in high degree of readiness.

The EEC Council amended the Technical Regulations of the Union "On the requirements for automobile and aviation gasoline, diesel and marine fuel, jet fuel and fuel oil." The circulation period on the territory of Kazakhstan of gasoline and diesel fuel of the "Euro-2" and "Euro-3" emission standards, as well as diesel fuel for the agricultural and off-road vehicles has been changed. The circulation period is scheduled to be extended until January 1, 2018. In addition, the circulation period on the territoty of Russia of automobile gasoline of the "Euro-4" emission standard has been extended until July 1, 2016. Moreover, the circulation period of fuel in the Republic of Armenia (automobile gasoline of the "Euro-3" and "Euro-4" emission standard) has been set until December 31, 2016. In the Kyrgyz Republic, the circulation period of fuel (automobile gasoline of the "Euro-2" and "Euro-3" emission standards) has been set until December 31, 2017.

In addition, the EEC Council amended the development plan of the Technical Regulations of the Union: amendments concern the establishment of obligatory requirements for markings, which should improve the readability of information on goods sold in the EAEU single market.

Amendments have been made to the Technical Regulations of the Union "On the safety of perfume and cosmetic products." In particular, the term "peeling" and the measuring units of fluorine in oral hygiene products (in terms of the molar mass of fluorine) have been clarified. Moreover, declaring plans of perfumery and cosmetic products have been introduced.

The amendments made by the EEC Council to the Single List of Goods subject to the EAEU sanitary and epidemiologic supervision (control) and to the Regulation on the procedure for carrying out state sanitary and epidemiological supervision (control) eliminate the duplication of the requirements for objects of the technical regulation "On the requirements for lubricants, oils and special liquids."

The EEC Council adopted a number of important administrative decisions related to the work of the Eurasian Economic Union. In particular, it approved the Draft Decision of the Supreme Eurasian Economic Council on the chairmanship of the EAEU bodies. The Draft Decision will be submitted for consideration by the Presidents of the EAEU Member States in the second half of December this year. The Republic of Kazakhstan has been proposed as the presiding state of the Supreme Eurasian Economic Council, the Eurasian Intergovernmental Council and the Council of the Eurasian Economic Commission in 2016.

Armenia to Accede to Agreements on Common Principles and Rules of Circulation of Medicines and Medical Products in Eurasian Economic Union, and Kyrgyzstan to Accede to Programme for Liberalization of Cabotage Carriage of Goods by Road

24 November, 2015

On November 23, a regular session of the Council of the Eurasian Economic Commission was held in the format of a video bridge. The event was attended by the Members of the EEC Council: Vice-Prime Minister, Minister of International Economic Integration and Reforms of the Republic of Armenia Vache Gabrielyan, First Deputy Prime Minister of the Republic of Belarus Vasiliy Matyushevskiy, First Deputy Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, Deputy Prime Minister of the Kyrgyz Republic Oleg Pankratov, Deputy Chairman of the Government of the Russian Federation Arkadiy Dvorkovich, as well as the Members of the Board – Ministers of the Eurasian Economic Commission.

The EEC Council discussed a number of important issues in the spheres of integration and macroeconomics, trade, customs cooperation, economics and financial policy, industry, technical regulation, energy and infrastructure, competition and antitrust regulation.

In particular, the session participants approved the issue of signing a Protocol on Accession of Armenia to the Union Agreements on Common Principles and Rules of Circulation of Medicines and Medical Products. Protocols will be signed during the session of the EEC Council on December 2. It is required for launching common markets of medicines and medical products in accordance with the Treaty on the Eurasian Economic Union (EAEU) since January 1, 2016.

According to the Member of the Board – Minister in charge of Technical Regulation of the EEC Valeriy Koreshkov, the formation of common markets in these socially important spheres will contribute to the development of pharmaceutical industry of the EAEU Member States, the growth of mutual trade in medicines and medical products, as well as provision of the population of five Member States of the Union with safe, effective and quality medicines. It is noted that for ensuring the operation of common markets, agreements provide for adoption of about 40 normative acts of the EEC until the end of this year, regulating certain issues of the circulation of pharmaceutical and medical products. Drafts of all these acts are in high degree of readiness.

The members of the EEC Council approved amendments to the Programme for Liberalization of Cabotage Carriage of Goods by Road. Amendments are made in connection with the accession of Kyrgyzstan to the said Programme. Until the end of December, the document will be submitted to the Supreme Eurasian Economic Council.

According to the amendments, from January 1, 2016, carriers from Armenia, Belarus or Russia, upon completion of delivery of goods from states, which are not the Member States of the Eurasian Economic Union (EAEU), will be eligible for one cabotage carriage of goods by road on the territory of Kyrgyzstan on their way back to the state of registration: in the Talas, the Chui or the Issyk-Kul Regions. The respective conditions will be granted to carriers registered on the territory of Kyrgyzstan for performing cabotage in the regions of Armenia, Belarus and Russia previously agreed upon by the Parties.

The Programme provides that from January 1, 2020, cabotage carriage in the same direction can be performed on the territory of all regions of the EAEU Member States, and from January 1, 2025 the number of such cabotage carriages will be increased to three.

The EEC Council approved the Draft Disposition of the Eurasian Intergovernmental Council (EIC) on the procedure for conducting joint research and development work in the sphere of agricultural sector of the EAEU Member States. By the EIC Draft Disposition, the EAEU Member States under the coordination of the Commission are entrusted to develop the procedure for conducting the relevant works and to submit it for consideration at the EIC meeting. It is expected that the implementation of joint scientific research and development works in accordance with the established procedure will contribute to the development of interstate interaction within the framework of scientific and innovative activities in the AIC, effective use of scientific potential, as well as allow for avoiding duplication of scientific research.

For reference:

The term "cabotage carriage of goods by road" refers to the carriage of goods by road by the carrier registered on the territory of one Member State between two points located on the territory of another Member State.

Supreme Eurasian Economic Council adopting new structure of Eurasian Economic Commission

16 October, 2015

On October 16, a session of the Supreme Eurasian Economic Council took place, which was attended by President of Armenia Serzh Sargsyan, President of Belarus Alexander Lukashenko, President of Kazakhstan Nursultan Nazarbayev, President of Kyrgyzstan Almazbek Atambayev and Russian President Vladimir Putin.

During the talks, the countries of the Eurasian Economic Union (EAEU) discussed the most topical problems and prospects of the Union's development.

The heads of states discussed a number of issues related to the functioning of the Eurasian Economic Commission in the next cycle. In particular, it was decided that the new composition of the Commission Board will include 2 representatives from each country. Thus, there will be 10 Board Members - Ministers, including the Chair. According to the decision of the Supreme Council, Tigran Sarkisian will be the next Chairman of the EEC Board. Currently, he is the Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to the United States. Earlier, Tigran Sargsyan occupied the post of Prime Minister of Armenia. According to the Chairman of the EEC Board, Viktor Khristenko, Sargsyan is "the man who devoted much time to Eurasian integration, he was the key engine of Armenia's joining the EAEU." Tigran Sarkisian will head the work of the Commission since February 1 next year.

The Heads of States discussed cooperation of the Union countries in pairing the Eurasian Economic Union with the Silk Road Economic Belt (SREB). China has been and remains one of the key economic partners of the EAEU countries. At the end of 2014 trade turnover between the Union and China amounted to about 110 billion US dollars.

In 2013, China initiated the establishment of the New Silk Road Economic Belt, a global project to harmonize trade and economic cooperation among the countries participating in the project, to encourage infrastructure investments.

In view of China's initiatives and objectives of expanding economic and trade cooperation with China in May this year Supreme Eurasian Economic Council decided to start negotiations on agreement on trade and economic cooperation between China and the EAEU. Preparatory work is already under way. Formal negotiations are to commence in early 2016. This is not a preferential agreement yet, but an important stage in the development of economic cooperation, which orders the entire structure of relations and provides the basis for further progress.

The agreement is intended to become the main instrument of economic cooperation between the Union and China in the medium term, to form the economic dimensions of pairing EAEU and SREB in practice.

To coordinate cooperation between the countries of the Union on issues of pairing the EAEU and the Silk Road Economic Belt, the heads of the EAEU states adopted the relevant decision.

As a result of the meeting the sides signed a number of documents defining the interaction procedure of the Eurasian Economic Union and the Eurasian Economic Commission with third countries. In particular, the Supreme Eurasian Economic Council approved the Main Directions of the EAEU international activity for the years 2015-2016 and Approaches to the development of trade and economic cooperation with key EAEU partners in the medium term.

During the session it was decided to start negotiations with the State of Israel to establish a free trade zone. The proposal was adopted on the basis of the report by the joint study group.

The Chairman of the EEC Board noted that in connection with the accession of Kazakhstan to the WTO Heads of State adopted a package of documents to ensure implementation of these decisions in the rules of the Union. As Viktor Khristenko stressed: "On the one hand, they allow extending the commitments made by Kazakhstan at the accession to the WTO, to the market of Kazakhstan. On the other hand, they allow building a system of administration in such a manner that the difference in rates does not cause any harm to other countries of the Union." Decisions of the Council will enter into force once ratification procedures in parliaments of EAEU countries are completed. This process in national parliaments should be entirely over by December 15, 2015.

The Main directions of Union's economic development up until 2030 were approved in order to coordinate national policies and the development of integration measures to improve the competitiveness of the Member States' economies.
"With all the turbulence and uncertainty that exists today in the world economy, the document fixing the basic directions of economic policy coordination seems very important and timely. In fact, this document captures a possibility of building national economic policies at the joint site, in the first place, to provide interaction, reconciliation of positions on monetary policy, macroeconomic policy, policy on the financial markets in order to better ensure predictability and stability in our countries' development," said Viktor Khristenko.

The Union's Heads of States approved the list of services sectors, in which a formation of a single market for services within the EAEU will be carried out in accordance with the plans of liberalization. According to the Decision by the Supreme Eurasian Economic Council, the governments of the Union, together with EEC are entrusted to prepare until April 1, 2016 plans for the liberalization with specific time frames (transition period) to create single market of services in sectors (sub-sectors) specified in the list. EEC is instructed to submit these plans by July 1, 2016 for consideration by the Supreme Eurasian Economic Council. EEC Council was instructed to establish working groups in sectors (sub-sectors) of services specified in the list in pursuance to implement this decision.

The Heads of States also made a decision to amend the Decision by the Supreme Eurasian Economic Council (SEEC) No. 112 dated December 23, 2014 "On approving the individual national lists of restrictions, exemptions, additional requirements, and conditions within the Eurasian Economic Union for the Republic of Armenia, Republic of Belarus, Republic of Kazakhstan, and the Russian Federation." Amendments are required in connection with the formation of the individual national list of restrictions, exemptions, additional requirements, and conditions for Kyrgyzstan within the Eurasian Economic Union (EAEU). They were developed with the aim of implementing the Treaty on the accession of the Kyrgyz Republic to the integration project.

At a session of the Supreme Eurasian Economic Council a decision was adopted, according to which the Kyrgyz Republic is to affiliate itself to 43 sectors of the single services market of the Eurasian Economic Union (EAEU).

Parties also adopted the Regulation on External Audit (Control) in Bodies of the Eurasian Economic Union;

In addition, the SEEC session adopted an Order of admission of new members and termination of membership in the Union.

EEC Council Approves Measures to Implement Key Points of Macroeconomic Policy in EAEU Member States till 2017

16 October, 2015

On October 14, Astana hosted the next session of the Council of the Eurasian Economic Commission. The following members of the EEC Council participated in the event: the Vice Prime Minister, the Minister of International Economic Integration and Reforms of the Republic of Armenia Vache Gabrielyan, the First Deputy Prime Minister of the Republic of Belarus Vasiliy Matyushevskiy, the First Deputy Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, the Minister of Economy of the Kyrgyz Republic Oleg Pankratov, the First Deputy Chairman of the Government of the Russian Federation Igor Shuvalov, as well as Members of the Board (Ministers) of the Eurasian Economic Commission.

The EEC Council considered a number of important issues on macroeconomics, trade, economy and financial policy, as well as industry, technical regulation, power industry and infrastructure, competition and antitrust regulation.

In particular, the meeting participants reviewed an issue on Kazakhstan's accession to the World Trade Organization. In this regard, the First Deputy Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev said: "Entering into the WTO, we undertook certain commitments. Nonetheless, we have obligations to our EAEU counterparts associated with the relatively low import customs duties in respect of 3,500 commodity items. Thus, the heads of the Member States should entrust decision making on implementation of these commitments under the legal framework of the EAEU Treaty". According to Bakytzhan Sagintayev, Members of the EEC Council have been discussing this issue for a long time. As a result, the counterparts for the integration association formed the general idea that commodities to be imported to Kazakhstan at reduced import duties should not enter the EAEU single market without the required surcharge.

The EEC Council approved the list of measures to implement the key points of macroeconomic policy in the Eurasian Economic Union (EAEU) Member States for 2015-2016. According to the Member of the Board – Minister in charge of the Development of Integration and Macroeconomics Tatyana Valovaya, an increased attention to this field is related to complex macroeconomic situation in the countries of the Eurasian Economic Union caused by the cyclical crisis and global processes in the world's markets. The EEC Minister emphasized: "Since the beginning of this year, we've been doing a great job in this direction at the instruction of the government heads and the Presidents of our countries. Approval of the key points of macroeconomic policy at the level of the Presidents was one of the major decisions. We hope that at the meeting to be held on October 16 in Burabay, the Presidents will ratify the document on the major directions of economic development of our Union till 2030".

Members of the EEC Council noted that these documents form the basis, upon which the EAEU economy will be developing in the next years. They contribute, inter alia, to the mutual trade growth in the EAEU Member States and financing of major national and integration investment projects.

The EEC Council considered the issues on finalization of the Draft EAEU Customs Code expected to be adopted in 2016.

The EEC Council discussed the development process of about 40 documents required for the launch of functioning of the common markets of pharmaceuticals and medical products in the Eurasian Economic Union since January 1, 2016. The Governments of the EAEU Member States and the Eurasian Economic Commission were recommended to accelerate their activities in this field.

The EEC Council considered the issue on adoption of the EAEU chemical technical regulations. The Government of Kazakhstan is responsible for the development of the EAEU technical regulations "On safety of paints and varnishes" and "On safety of synthetic detergents and household chemicals". The Government of the Russian Federation is also developing the EAEU technical regulations "On safety of chemical products". The EEC Council Disposition provides for active consultations on the drafts of the above-mentioned documents between the Governments of other EAEU Member States and the Commission. Following the results of consultations, the Parties should ensure preparation of agreed version of the mentioned draft documents and submit them to the EEC in two months.

In addition, the EEC Council approved the List of issues, on which the EEC Board is required to conduct consultations under the Consultative Committee for technical regulation, application of sanitary, veterinary and phytosanitary measures before decision-making at the level of the EEC Board or Council. The List contains 50 items, including those on approval of the Consolidated List of Products subject to compulsory requirements under the EAEU; procedure for its formation and adoption; development and adoption procedure of the EAEU technical regulations; procedure for amendments and cancellation of amendment; the Development Plan of the EAEU technical regulations and introduction of amendments thereto; the Unified Sanitary and Epidemiological and Hygienic Requirements for Products subject to the state sanitary and epidemiological supervision, etc.

The EEC Council made a decision, according to which Kyrgyzstan will join 43 sectors of the EAEU single services market. Kyrgyzstan's accession to the common rules of the EAEU services market functioning means that there will be a potential reduction in costs for the Kyrgyz citizens in connection with the increased competition of business structures in the EAEU Member States in the single Eurasian services market.

Conditions to ensure free services flow were created under functioning of the single services market on the territory of the EAEU Member States, including Kyrgyzstan. Business diversification in the services sector and creation of new businesses on the territory of the EAEU counterpart countries promote attraction of additional investments in the economies of the EAEU Member States through channelling of internal cash flows.

In addition, the session participants of the EEC Council made a decision on amending the Decision of the Supreme Eurasian Economic Union "On approving individual national lists of restrictions, withdrawals, additional requirements, and terms under the Eurasian Economic Union for the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, and the Russian Federation". The amendments are required for Kyrgyzstan due to formation of individual national list of restrictions, withdrawals, additional requirements, and terms under the EAEU. They were developed in order to implement the Treaty on accession of the Kyrgyz Republic to the integration project.

The EEC Council approved the Agreement on the methodology of formation of indicative (forecast) balance sheets of gas, oil and petroleum products under the EAEU developed to optimize the interstate energy supplies. The document allows using the cumulative energy potential more efficiently. The methodology defines common terminology, balance sheet structure of energy resources, basic approaches and mechanisms of their formation, peculiarities of formation of certain balance sheet items, as well as their development and adjustment procedure. According to the Minister in charge of Energy and Infrastructure Tair Mansurov, the document will be submitted to the EAEU Member States for internal legal procedures required for its signing.

Chairman of the EEC Board, Viktor Khristenko: "China has been and remains one of the key economic partners of the EAEU countries"

6 October, 2015

On 6 October in Astana at the Eurasian Economic Perspective forum, the Chairman of the Board of the Eurasian Economic Commission, Viktor Khristenko, said that China has been and remains one of the key economic partners of the Eurasian Economic Union (EAEU). As such, he recalled that at the end of 2014 the trade turnover of the EAEU with China amounted to approximately 110 billion US dollars.

The forum was dedicated to the cooperation between the Eurasian Economic Union and the Chinese project entitled the Silk Road Economic Belt (SREB). The Chairman of the Mazhilis of the Parliament of the Republic of Kazakhstan, Kabibulla Zhakypov addressed the forum participants with a keynote speech. Speeches were also made at the forum by Chairman of the State Duma of the Federal Assembly of the Russian Federation Sergey Naryshkin, First Deputy Prime Minister of Kazakhstan Bakytzhan Sagintayev, Chairman of the Majilisi Oli of Tajikistan Shukurjon Zukhurov, Head of the delegation of China National People's Congress Lu Hao, Rector of Lomonosov Moscow State University Viktor Sadovnichy, Akim of the East Kazakhstan region of the Republic of Kazakhstan Danial Akhmetov, Governor of the Chelyabinsk region of the Russian Federation Boris Dubrovsky, and SCO Secretary General Dmitry Mezentsev.

During his speech at the forum Viktor Khristenko said that the work between the Commission and China is developing on several tracks. First and foremost, the representative of the EEC pointed out that this involves regular working contact. In particular, it involves the consistent cooperation between the Commission and the Ministry of Commerce of China in the form of Dialogue on trade issues.

In the same vein is the preparation of an agreement on the exchange of information on goods and vehicles of international transportation which are moved over the customs border of the EAEU and China. "From our point of view, a regular exchange of information will increase the level of trust among EAEU member states and China, will help prevent violations of the customs legislation of the Union, and will speed up customs procedures," Viktor Khristenko said.

The EEC speaker also told about the negotiations on the conclusion of an Agreement on trade and economic cooperation between the EAEU and China and pointed out that the decision to commence negotiations was made by the President of the Eurasian Economic Union on May 8, 2015. The Chairman of the EEC Board clarified that "this is not yet a preferential agreement, but an important stage in the development of economic cooperation, which orders the entire structure of relations and provides the basis for further progress."

As for the long-term prospects of cooperation between the Union and China the key track is working on merging Eurasian economic projects and initiatives in China to establish the Silk Road Economic Belt.

Viktor Khristenko also talked about other areas of the Commission's work. The Chairman of the Board noted that a market with a population of more than 182 million people, "who practically live by a single transparent rule" is being established within the Eurasian Economic Union.
According to him, de jure and de facto the market operates on the basis of WTO rules and regulations, and is becoming more open and comprehensible to investors. In turn, the current system of management bodies facilitates the functioning of a single market of goods, and the effective implementation of a competence for regulating the foreign trade, sphere of technical regulation, and customs administration etc.

"Given the worsening external boundary, there is a need to be more actively engaged in the preparation of single rules, and the elimination of exemptions and restrictions, barriers and obstacles to the effective operation of the single market. This will give additional impetus to economical development in the Union countries", the Chairman of the EEC Board concluded.

Talking about the global economy development trends, Viktor Khristenko mentioned the particular significance of regional integration. According to him, there are now new centres, which are not satisfied with their position in the global system, or with their inability to influence decisions made by way of existing global institutions. "However, it is clear to everyone that it is impossible to survive or be heard in today's world being alone. Everybody are striving to find a platform or a group that allows them to implement their own projects to the fullest extent. The Eurasian Economic Union in this sense is trying to follow the trend," said Viktor Khristenko.

Thus, according to the Chairman of the EEC Board, regional integration facilitates "the feeling out of new forms of interaction and ultimately attain an updated architecture of the world order."

Meeting of the Eurasian Intergovernmental Council endorsed the Basic Directions of Industrial Cooperation between the EAEU Member States

9 September, 2015

On September 8, the session of the Eurasian Intergovernmental Council was held in Grodno (Belarus). The summit was attended by the Prime Minister of the Republic of Armenia Hovik Abrahamyan, the Prime Minister of the Republic of Belarus Andrey Kobyakov, the First Deputy Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, the Prime Minister of the Kyrgyz Republic Temir Sariev, the Chairman of the Government of the Russian Federation Dmitry Medvedev and the Chairman of the Board of the Eurasian Economic Commission Viktor Khristenko.

The session of the Eurasian Intergovernmental Council addressed a number of important issues aimed at further deepening of integration. In particular, they discussed issues related to the development of industrial potential of the EAEU, the external positioning and interaction with key partners, as well as a number of issues on improving the regulatory instruments in the consumer market.

The Heads of Governments approved the draft Main Directions of Industrial Cooperation (MDIC) within the framework of the Eurasian Economic Union. The main directions is a medium-term document for 5 years, which is formed based on the expediency of deepening industrial cooperation, taking into account current trends in the development of the economies of the EAEU Member States and the world economy.

The document defines implementation of the potential for effective and mutually beneficial cooperation among the Member States as the aim of industrial cooperation within the Union. It is necessary to accelerate their industrial development, to improve competitiveness and innovative activity in the industry.

The following segments of the common market have nowadays the greatest potential in the industrial cooperation within the Union: vehicles, electrical equipment, optics and electronics, chemicals, metallurgy and metal products.

In accordance with the MDIC, the Member States shall jointly determine priority economic activities, development of industrial cooperation, where they would create conditions for increasing industrial production and mutual supplies, would allow more efficient use of the potential of the common market and achieve synergies in the development of industrial production of the Parties.

In addition, the Eurasian Intergovernmental Council approved the Main Directions of International Activity of the EAEU, which define priorities in terms of cooperation of the Union with its key partners, as well as the formats of such cooperation. Here, the Eurasian Economic Union has the widest range of interests, since it is an open association with the intention to develop relations with all the world's economic centres from Latin America to South East Asia.

In this context it is also important to note that the Heads of Governments approved the draft memorandum "Eurasian Economic Union - European Union: contours of cooperation" devoted to the basic vision of the prospects for cooperation between the EAEU and the EU. The document will be sent to the European Commission and, according to the session members, will serve as an impetus for an organized dialogue between the two integration associations. This initiative is in line with the gradual convergence of the integration processes in the Euro-Atlantic and Eurasia and the formation in the long term of a common economic and human space from the Atlantic to the Pacific.

In order to improve administration mechanisms of the commodity market in the Union two documents were signed at the session of the Intergovernmental Council.

The first is the Agreement on coordination of activities on protection of intellectual property rights in the EAEU. It creates a legal basis for information exchange and joint activities to combat infringements of intellectual property in the territory of the Union.

The second document is the Agreement on implementation of the pilot project on labelling of certain groups of light industry goods. The Heads of Governments decided in the current year and the next year to implement the pilot project on labelling for products introduced into circulation in the market of the Union. As the Chairman of the EEC Board, Viktor Khristenko stressed speaking to the media following the session, "this document is extremely important to start an effective, systematic work with shadow imports. As the Prime Ministers stated today, the Agreement opens the topic, but in the future is the usage of this kind of labelling for a much wider range of products. This will create a more legal environment for businesses; generate rules of a fair competition."

The session of the Eurasian Intergovernmental Council, according to Viktor Khristenko, was very intense and effective. The next session at the level of the Heads of Governments of the EAEU will be held in November in Yerevan, the capital of Armenia.

Representatives of the EEC and the government authorities of Armenia discussed the potential development of the republic's economy

27 August, 2015

On 27 August, a session of the Working Group on issues of an agreed macroeconomic policy under the leadership of the Member of the Board - Minister in charge of the Development of Integration and Macroeconomics, Tatyana Valovaya, in conjunction with the heads and experts of the Ministry of Finance, the Ministry of International Economic Integration and Reforms and The Central Bank of the Republic of Armenia took place in Dilijan (Armenia).

The meeting participants discussed key foreign economic trends, external and internal risks and medium-term development prospects of the economies of the Republic of Armenia. Issues related to the deepening of the partnership between the Eurasian Economic Union (EAEU) countries in the field of macroeconomic policy were also discussed.

As a result of the session, the decision was made to continue regular talks about the approaches to deepening the partnership between the Union Member States in the field of macroeconomic and monetary and financial policies, including the direction of development of inter-relations between financial institutions of the EAEU. Furthermore, the intensification of mutual settlements in national currencies in the Union has been planned. The meeting participants also agreed to set in motion the technical cooperation for the exchange of experience between the ministries and departments of the economic bloc in the EAEU on the implementation of an agreed macroeconomic policy.

EEC Council Decisions aim to improve the resilience of the economies of the EAEU countries and strengthen the positions of the Union in the external market

21 August, 2015

On August 21, a regular session of the Council of the Eurasian Economic Commission was held in Moscow. The event was attended by the Members of the EEC Council: Vice Prime Minister, Minister of International Economic Integration and Reforms of the Republic of Armenia Vache Gabrielyan, First Deputy Prime Minister of the Republic of Belarus Vasily Matyushevsky, First Deputy Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, Vice Prime Minister of the Kyrgyz Republic Valery Dil, First Deputy Chairman of the Government of the Russian Federation Igor Shuvalov, and Members of the Board - Ministers of the Eurasian Economic Commission.

The EEC Council addressed a number of important issues in the fields of macroeconomics, trade, economic and financial policy, technical regulation, energy and infrastructure.

In particular, the EEC Council put more focus on trade cooperation with third countries. The session discussed the issue of further development of the cooperation with the State of Israel, including possible negotiations on the free trade zone (FTZ) with the Eurasian Economic Council (the EAEU). The EEC Council adopted a decision on the development of trade and economic relations with the Republic of Korea and on the development of trade and economic cooperation with the Islamic Republic of Iran, including setting up a group for the feasibility study of future entrance into a FTZ. The EEC also approved the Action Plan for the implementation of the Free Trade Agreement between the EAEU and Vietnam.

The meeting handled the issue of the Procedure for Accession of New Members to the Eurasian Economic Union and Termination of Membership in the EAEU. The document aims to improve the Union's contractual legal framework. The issue will be put to a session of the Supreme Eurasian Economic Council.

Participants of the session discussed in detail the approaches to ensure financial stability and economic growth in the EAEU, the deepening of cooperation of the Member States of the Union in the spheres of macroeconomic and monetary policies. A session on this issue is scheduled to be held soon with the participation of heads of the Ministries of Economy and Finance, Central (National) Banks of the EAEU Member States, as well as the Eurasian Economic Commission.

The EEC Council adopted a decision on cancellation of sanitary-quarantine and phytosanitary quarantine control (supervision) in the Kyrgyz-Kazakh section of the State Border.

​The EEC Council approved the Recommendations on the content and standard structure of the technical regulations of the Eurasian Economic Union. The document contains a list of sections of the technical regulations of the Union and recommendations on their content and proposes various wordings that may be used by the drafters taking into account the specifics of certain types of products.

At the EEC Council's meeting it was decided to instruct the Commission's Working Group for the preparation of proposals for the further application of the principle of exhaustion of intellectual property exclusive rights by December 31 this year, to develop a decision-making mechanism for possible "parallel" imports for certain categories of products, i.e. criteria for selection of certain types of goods that are planned to be subject to the international principle of exclusive right exhaustion, to draft amendments to the Treaty on the Eurasian Economic Union (EAEU) dated May 29, 2014, and to determine the level of decision-making on introduction of "parallel" imports.

These amendments provide for possible exemptions from the regional principle of exhaustion of the exclusive right to trademarks and trademarks of the Eurasian Economic Union in respect of certain types of goods. This means a possibility of "parallel" imports of certain categories of goods (i.e. importation of a given product without obtaining a permit for it from the right holders).

The amendments will be incorporated into the Protocol on the Security and Protection of Intellectual Property Rights annexed to the Treaty on the EAEU. The procedure for drafting and amending international treaties is formalised and provides for reviewing drafts by the Board of the Commissions, the Council of the Commission, as well as standard internal procedures within the Union's Member States.

The Working Group is expected to prepare, by December 31 this year, proposals on the procedure and selection criteria for certain types of goods that are planned to be subject to the international principle of exclusive right exhaustion. Proposals will be made in respect of the priority group of goods and the period of their circulation in the market in accordance with the international principle of exclusive right exhaustion. The Working Group will present the results of its work to a meeting of the Council of the Eurasian Economic Commission.

Currently, the Treaty on the EAEU provides for the territory of the Eurasian Economic Union a regional principle of exhaustion of the exclusive right to a trademark whereby the use of a trademark in respect of goods is lawful only in the event of putting such goods into circulation on the territory of the Member States of the Union directly by the right owner or by other persons upon the right holder's consent.

Given the priority of international treaties over national legislation, the Member States of the Union have no legal opportunity to introduce and apply on their territories any other principle of right exhaustion other than that which is provided for by the Treaty on the Union even in the form of a "pilot" project in certain sectors.

Reference:

The Working Group for the development of proposals on further application of the principle of exhaustion of the exclusive right to intellectual property was established by Decision No. 45 of the Council of the Eurasian Economic Commission dated June 23, 2014.

The Working Group which is set up based on the proposals of the governments of the Member States of the Union is comprised of officials of the authorised authorities of the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation, experts from the most important business areas, as well as employees of the Commission.

As at the current date, the Working Group has held 3 meetings which discussed legal, economic and social aspects related to the selection of the principle of right exhaustion.

The Working Group has explored the following options for further application of the rule of right exhaustion:

- to preserve the regional rule of right exhaustion and introduce into the law of the Union the possibility to apply exemptions for certain categories of goods;

- to preserve the regional rule of right exhaustion without amendments;

- to replace the regional rule of right exhaustion with the international-exhaustion rule;

- to replace the regional rule of right exhaustion with the international-exhaustion rule with a possibility to apply certain exemptions.

Kyrgyzstan acceded to the Eurasian Economic Union

12 August, 2015

On August 12, the Treaty on the Accession of the Kyrgyz Republic to the Treaty on the Eurasian Economic Union (the EAEU) came into force. Kyrgystan has become a full-fledged member of the Union along with Armenia, Belarus, Kazakhstan and Russia.

Accession of Kyrgyzstan to the EAEU was preceded by major joint efforts to ensure integration and convergence. In 2014, the road maps for accession of Kyrgyzstan to the Eurasian integration project, which would facilitate the adaptation of its national economy to the EAEU legislation and practices, have been implemented.

In particular, a whole set of issues on renovation of customs infrastructure facilities has been resolved.

On December 23, 2014, the Treaty on accession of the Kyrgyz Republic to the EAEU was signed at the session of the Supreme Eurasian Economic Council (the SEEC). On May 8, 2015, at the session of the SEEC, the heads of the EAEU Member States endorsed two protocols where the terms and conditions, as well as specific features of the accession of Kyrgyzstan to the EAEU were defined.

The Union Member States complied with all the internal legal procedures to ensure that the Treaty becomes effective.

The accession to the EAEU opened up new opportunities for Kyrgyzstan. No more barriers to the free movements of goods, services, capital and workforce. The new investment opportunities and prospects to develop major infrastructure projects, primarily in the energy industry, transportation and agriculture, are opened up. The citizens of Kyrgyzstan now gain the right to be employed in any state of the Union on equal terms with citizens of their employment state.

The accession of Kyrgyzstan gives a new impetus to develop the Union's potential. The integration association consolidates its position in the global economic architecture.

Parliaments of the Member States of the Eurasian Economic Union completed the ratification of the Treaty on Accession of the Kyrgyz Republic to the EAEU

10 July, 2015

On July 8 and 9, the Treaty on Accession of the Kyrgyz Republic to the Eurasian Economic Union was reviewed and approved by the Council of the Federation of the Russian Federation and the Senate of the Parliament of Kazakhstan.

Earlier, on June 30, the document was also adopted by the National Assembly of the Republic of Belarus. On June 16 it was adopted by the National Assembly of the Republic of Armenia.

"The most important step was the ratification of the Treaty on Accession of the Kyrgyz Republic to the EAEU by the parliaments of the all the five countries. The biggest threat that the accession of Kyrgyzstan to the EAEU could be shifted to the autumn is left behind. All the parliaments have expressed their will. And there are no justified obstacles to the accession of Kyrgyzstan to the EAEU,"- the Minister of Economy of the Kyrgyz Republic Oleg Pankratov said.

The actual accession of Kyrgyzstan to the integration association will happen only after signing by the Presidents of the Member States of the EAEU the laws on the ratification of the Treaty on Accession of the Kyrgyz Republic to the Eurasian Union. According to the procedure, the ratified documents will be submitted for signature to the Presidents of the EAEU Member States. After signing the documents through diplomatic channels will be sent to the depositary of the Eurasian Economic Commission.

We would like to remind that, on May 8, at the session of the Supreme Eurasian Economic Council, two Protocols determining peculiarities of a transit period for Kyrgyzstan during accession to the EAEU were signed. Earlier, on December 23, 2014, in Moscow, the Presidents of the Republic of Belarus, Republic of Kazakhstan and Russian Federation, on the one part, and the President of the Kyrgyz Republic, on the other part, signed the Treaty on accession of the Kyrgyz Republic to the EAEU.

Agreement on Free Trade Zone between the EAEU and Socialist Republic of Vietnam signed according to the results of the second session of the Eurasian Intergovernmental Council

29 May, 2015

On May 29, in Burabay village (Kazakhstan), the second session of the Eurasian Intergovernmental Council took place. The summit was attended by the Prime Minister of the Republic of Armenia Ovik Abraamyan, Prime Minister of the Republic of Belarus Andrey Kobyakov, Prime Minister of the Republic of Kazakhstan Karim Masimov, Chairman of the Government of the Russian Federation Dmitry Medvedev, Prime Minister of the Republic of Kyrgyzstan Temir Sariyev, and Chairman of the Board of the Eurasian Economic Commission Viktor Khristenko.

According to the results of the session, the Agreement on the Free Trade Zone (FTZ) between the Eurasian Economic Union (EAEU), its Member States and the Socialist Republic of Vietnam was signed. The Agreement is the first international document on FTZ between the EAEU and a third party. As the Chairman of the EEC Board Viktor Khristenko noted in his statement to the press following the session, signing of the Agreement on the Free Trade Zone between the EAEU, its Member States and Vietnam is a "historic act".

Viktor Khristenko reported that the Agreement would ensure free trade regime in respect of over 90 % of commodity items regulated by the EEC. "Moreover, zeroing of the duty, exemption regime of admission to the markets in respect of a half of these commodity items shall take place since the entry into force of the Agreement, and after a short transition period in respect of the other half of commodity items," reported the Chairman of the EEC Board Viktor Khristenko. As the EEC representative emphasized, "implementation of the Agreement in general is aimed at increasing the current volume of trade turnover between the EAEU states and Vietnam that amounts to 4 billion dollars up to at least 10 billion dollars by 2020."

According to him, the Agreement covers not only preferential trade treatment, but also issues of the management of intellectual property rights, and a whole range of other areas.

Viktor Khristenko noted that this Agreement opened an area of work not only with the entire Republic, but "with Vietnam as a regional centre, a greater region of ASEAN that has more than 600 million citizens. Therefore, the entry into force of this Agreement will allow participants of the economic life of the EAEU to enter new markets and obtain mutual benefits," he concluded.

A wide range of integration issues concerning functioning of the Eurasian Economic Union, development of the regulatory framework, and implementation of a number of specific cooperation projects were discussed at the session of the Eurasian Intergovernmental Council.

In particular, the draft decision of the Supreme Eurasian Economic Council "On the main areas of the economic development of the Eurasian Economic Union" was approved. The draft document identifies nine areas, which determine the competitiveness of the Member States of the Union and integration cooperation in which is appropriate. Since the areas are formed on the horizontal principle, their implementation will be carried out through the development and implementation of system-wide as well as industry-specific and sectoral integration measures and actions that will be reflected in the medium and short-term documents provided for by the Treaty on the EAEU. In addition, the draft document introduces scenarios of the Union's economic development, potential effects of integration till 2030, the criteria on the basis of which the Commission and the Member States will prepare proposals on the definition of areas of the economy that have potential for integration, as well as measures to use this potential on a regular basis.

Analysis of the reasons for changing dynamics of mutual trade of the Customs Union (CU) and the Common Economic Space (CES) Member States conducted by the Commission, as well as proposals on increasing the volume of mutual trade turnover were also introduced at the session. Establishment of the dialogue on strengthening cooperation in the areas of coordinated policy stipulated by the Treaty on the EAEU is crucial. Business community requests creation of an attractive business and investment climate in the Union, which is possible by removing barriers and minimizing exemptions and restrictions.

In addition, the Disposition on deepening cooperation between the EAEU Member States in the fields of macroeconomic, monetary and financial policy was adopted, under which the Commission jointly with governments, national (central) banks of the EAEU Member States must prepare a report on integration measures to increase sustainability of the States' economy in the Union.

In the course of the session, the Disposition on development of the Regulation on establishment and functioning of the Eurasian Technology Platforms (ETP) was approved. The Regulation on ETP will ensure a clear step by step algorithm of building mutually beneficial cooperation of the EAEU States in the field of innovations.

The Action Plan to ensure stimulation of production and application of motor vehicles with electric engines in the EAEU Member States for 2015-2017 was supported at the session. Implementation of the Action Plan will contribute to the increase of demand for electric vehicles by citizens of the Union States.

Decisions taken by the Eurasian Intergovernmental Council in production of vehicles and equipment for the agricultural industry will allow moving to practical establishment of cooperative chains and development of import substitution of components for agricultural machinery produced on the territory of the Union, increasing the added value, and providing national access to government (municipal) procurement of the agricultural machinery. In addition, it is expected that the practical mechanism for the support of agricultural machinery export to the third countries markets, as well as the legal framework for enhancing cooperation in agricultural machinery engineering in the framework of the Union, will be created.

The EEC approved the Action Plan on development of the light industry of the EAEU Member States for 2015 - 2016 at the session. The document contains a range of measures aimed at creating conditions for increasing investment attractiveness and competitiveness of the industry. Their implementation will allow transferring to practical establishment of cooperative chains and development of import substitution for several segments of the light industry, and mastering new technologies.

Documents signed following the results of the session of the Eurasian Intergovernmental Council

- On the reasons for changing dynamics of mutual trade of the Customs Union and the Common Economic Space Member States in 2010-2014, and proposals on increasing the volume of mutual trade turnover in the Eurasian Economic Union Member States.

- On activities to discover and eliminate the barriers for mutual access, which prevent the operation of the Eurasian Economic Union domestic market, and exemptions and restrictions with respect to the circulation of goods, services, capital and workforce.

- On the Draft Decision of the Supreme Eurasian Economic Council "On the main areas of the economic development of the Eurasian Economic Union".

- On deepening cooperation between the Union Member States in macroeconomic, monetary and financial policy.

- On the Free Trade Agreement between the Eurasian Economic Union, its Member States of the one part, and the Socialist Republic of Vietnam of the other part.

- On the Agreement on the movement of ozone-depleting substances and products containing them, and recording of ozone-depleting substances while implementing mutual trade of the Eurasian Economic Union Member States.

- On the Action Plan on development of the light industry of the EAEU Member States for 2015 - 2016.

- On creating conditions for the development of machinery and equipment production for the agricultural industry in the Eurasian Economic Union Member States.

Session of the Council of the Eurasian Economic Commission has taken place

28 May, 2015

On May 28, a range of issues of key importance for deepening Eurasian Economic integration was discussed on a session of the Council of the Eurasian Economic Commission in Astana.

The event was attended by the Members of the EEC Council - First Deputy Prime Minister of the Republic of Belarus Vasiliy Matyushevskiy, First Deputy Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, First Deputy Chairman of the Government of the Russian Federation Igor Shuvalov, Vice Prime Minister, Minister of International Economic Integration and Reforms of the Republic of Armenia Vache Gabrielyan, Chairman of the EEC Board Victor Khristenko, and the EEC Board Members.

The Members of the EEC Council considered a range of issues concerning economy and financial policy, trade, development of integration and macroeconomy as well as industry.

In particular, the Decision of the EEC Council on creation of Working Party for ensuring operation of the Common Market of Services under the Eurasian Economic Union (EAEU) was adopted. The Regulation on the Working Party and its structure was approved. The WP is formed from the representatives of the line state authorities of the Member States and officials of the Commission, according to proposals of the Republic of Armenia, Republic of Belarus, Republic of Kazakhstan and Russian Federation.

The Working Party headed by the Member of the Board – Minister in charge of Economy and Financial Policy Timur Suleymenov will prepare proposals for the Commission Member States, aimed at ensuring operation of the Common Market of Services within the Union. Its decisions will have the status of a recommendation.

President of the Kyrgyz Republic has ratified the Treaty on Accession of Kyrgyzstan to EAEU

21 May, 2015

On May 21, the President of the Kyrgyz Republic Almazbek Atambayev signed the law "On Ratification of International Treaties on Accession of the Kyrgyz Republic to the Treaty on the Eurasian Economic Union."

Earlier, on May 20, the Zhogorku Kenesh of the Kyrgyz Republic (Parliament) approved the ratification of the Treaty on accession of Kyrgyzstan to the EAEU.

In his speech, Almazbek Atambayev declared that the country had entered a new stage of its development. Kyrgyzstan had good prospects, but this direction would not be easy, noted the President. He also added, that the Republic should make every effort to rebuild the economy in the shortest possible time and to give it a strong push for dynamic development.

We would like to remind that, on May 8, at the session of the Supreme Eurasian Economic Council, two Protocols determining peculiarities of a transit period for Kyrgyzstan during accession to the EAEU were signed. Earlier, on December 23, 2014, in Moscow, the Presidents of the Republic of Belarus, Republic of Kazakhstan and Russian Federation, on the one part, and the President of the Kyrgyz Republic, on the other part, signed the Treaty on accession of the Kyrgyz Republic to the EAEU.

The Treaty on the EAEU is a basic document specifying agreements of the Russian Federation, Republic of Belarus and Republic of Kazakhstan on creation of the Eurasian Economic Union in order to eliminate barriers for free movement of goods, services, capital and workforce, to perform coordinated, agreed or uniform policy in the key sectors of economy.

The Treaty on the EAEU was signed by the President of the Republic of Belarus Alexander Lukashenko, President of the Republic of Kazakhstan Nursultan Nazarbayev and President of the Russian Federation Vladimir Putin on May 29, 2014 in Astana. On January 2, 2015 the Republic of Armenia joined the Treaty.

Documents on Kyrgyzstan accession to EAEU are signed

8 May, 2015

On May 08, the session of the Supreme Eurasian Economic Council (SEEC) was held in Moscow. The summit was attended by the leaders of the Member States of the Eurasian Economic Union (EAEU) – President of the Republic of Armenia Serj Sargsyan, President of the Republic of Belarus Alexander Lukashenko, President of the Republic of Kazakhstan Nursultan Nazarbaev, and President of the Russian Federation Vladimir Putin, as well as President of the Kyrgyz Republic Almazbek Atambaev. The Eurasian Economic Commission (EEC) was represented by the Chairman of the EEC Board Victor Khristenko.

One of the major outcomes was signing of a range of documents under the Kyrgyzstan accession to the EAEU. In particular, two Protocols determining the features of a transitional period for Kyrgyzstan during accession to the EAEU were signed. Earlier on December 23, 2014, the Presidents of the Republic of Belarus, Republic of Kazakhstan and Russian Federation, on the one part, and the President of the Kyrgyz Republic, on the other part, signed the Treaty on the accession of the Kyrgyz Republic to the EAEU.

As the Chairman of the EEC Board Victor Khristenko said, "all package of documents signed today will be sent for ratification to the EAEU Member States and, in the nearest future, Kyrgyzstan will become a full-fledged member of the Union." Victor Khristenko stated that during the summit, the Presidents of the EAEU Member States expressed a common wish "not to delay the ratification procedures." "It is possible to implement this before the height of summer," - he said.

During the session, the Heads of the States considered issues of customs cooperation, functioning of the EAEU Court, as well as the process of forming the common electric power market that will start operating by 2019.

As the Chairman of the EEC Board said, the electric energy sphere acts as "a pioneer"within the Eurasian integration. "The stages of the creation, goals etc. were elaborated in the concept of forming the common electric power market,"said Victor Khristenko.

The Presidents of the EAEU States also made a decision on the start of negotiations to conclude an agreement with China on trade and economic cooperation.

PROTOCOLS

1. Protocol on introducing amending the Treaty on the Eurasian Economic Union dated May 29, 2014, and separate international treaties included in the law of the Eurasian Economic Union in connection with the accession of the Kyrgyz Republic to the Treaty on the Eurasian Economic Union dated May 29, 2014.

2. Protocol on terms and transitional provisions on the application of the Treaty on the Eurasian Economic Union dated May 29, 2014, by the Kyrgyz Republic, and separate international treaties included in the law of the Eurasian Economic Union and acts of the Eurasian Economic Union authorities in connection with the accession of the Kyrgyz Republic to the Treaty on the Eurasian Economic Union dated May 29, 2014.

3. Protocol on Accession of the Republic of Armenia to the Treaty on the Eurasian Economic Union dated May 29, 2014.

DECISIONS:

1. Decision "On abolishment of customs control in respect of goods and vehicles moved across the Kyrgyz - Kazakh section of the state border."

2. Decision "On abolishment of sanitary-quarantine, veterinary-sanitary and quarantine phytosanitary control (supervision) on the Kyrgyz - Kazakh section of the state border."

3. Decision "On amending the total staff numbers and structure of the Court of the Eurasian Economic Union."

4. Decision "On the candidates to members of the Board of the Eurasian Economic Commission from the Kyrgyz Republic."

5. Decision "On introducing amendments to Article 1 of Decision No. 79 of the Supreme Eurasian Economic Council dated October 10, 2014."

6. Decision "On the annual report on the implementation of the budget of the Eurasian Economic Commission for 2014."

7. Decision "On the key points of the macroeconomic policy of the Member States of the Eurasian Economic Union for 2015 - 2016."

8. Decision "On the Concept of forming the common electric power market of the Eurasian Economic Union."

9. Decision "On the Program of stage-by-stage liberalization of road transportation of cargo between the points located on the territory of one of the Member State of the Eurasian Economic Union by the carriers registered on the territory of other Member States of the Eurasian Economic Union for the period from 2016 to 2025."

10. Decision "On the Free Trade Agreement between the Eurasian Economic Union and its Member States, on the one part, and the Socialist Republic of Vietnam, on the other part."

11. Decision "On the start of negotiations to conclude an agreement with the People’s Republic of China on trade and economic cooperation."

12. Decision "On the list of sensitive goods the decision to change import customs duties for which is made by the Council of the Eurasian Economic Commission."

13. Decision "On introducing amendments to the list of sectors (sub-sectors) of services under which the common services market within the Eurasian Economic Union functions."

14. Decision "On introducing amendments to Decision No. 112 of the Supreme Eurasian Economic Council dated December 23, 2014."

15. Decision "On the plan of measures to implement the Major Directions of development of the "single window" mechanism in the system of foreign economic activities regulation."

16. Decision "On awarding a medal "For contribution in building the Eurasian Economic Union."

DISPOSITIONS

1. Disposition "On the Results of Implementation of the Agreement on the Common Principles and Rules of Activities Regulation of Natural Monopoly Entities dated December 9, 2010."

2. Disposition "On time and place of the next session of the Supreme Council."

Congratulations on the Victory Day!

8 May, 2015

Dear colleagues, friends!

May 09, 1945 is a great date in the history of the States of the Eurasian Economic Union. Their citizens will never forget an outstanding feat of arms and labour of their grandparents and great-grandparents who secured a historic Victory over a violent aggressor – German fascism – 70 years ago.

For many decades, this Victory has become a bright symbol of resilience and courage of our people, ability to withstand together hardships and tribulations, to rebuff enemies. This is our Victory! It embodies sweat and blood of Armenians, Belarusians, Kazakhs, Kyrgyz and Russians, representatives of many other nations. This is a tragedy of loss and happiness of a great survival of millions of families living on the Eurasian territory. This immortal Victory is like the Eternal Flame that symbolizes non-fading power and living faith in further joint successes under our new integration union.

We sincerely wish health and peaceful skies to our dearest veterans who forged Victory on the front lines and in the rear, their descendants who remember and praise heroic deed of their ancestors, to all citizens of the Member States of the Eurasian Economic Union. Happy Victory Day!

In Astana the Presidents of Belarus, Kazakhstan and Russia discussed the development of the Eurasian integration processes

23 March, 2015

On the 20th of March a trilateral meeting of the President of Belarus, Aleksander Lukashenko, the President of Kazakhstan, Nursultan Nazarbayev, and the President of Russia, Vladimir Putin, was held in Astana. The Heads of the State inter alia discussed the development of the Eurasian integration processes in view of the impact of the current trends in the global economy.

While opening the meeting Nursultan Nazarbayev noted the importance of that meeting for the discussion of the current situation in the world in the context of the crisis consequences. "The crisis of 2007-2009 was of a global nature, while the current one has a regional direction and has been caused by reduction of prices for energy carriers and our goods. We anticipated that such risks would occur, and now our task is to develop joint measures and to come through this period successfully," said the President of Kazakhstan.

Aleksander Lukashenko turned attention to the fact that new challenges occur every year. In his opinion, the time proves that the EAEU has been created at a good hour. "Moreover, this is not merely a declaration - we have adopted a lot of documents and formalized it by signing a number of treaties. And within our Union we must respond to these challenges," said the President of Belarus.

Vladimir Putin in his turn noted that the development of the real sector of economy - industry and agriculture, as well as employment stimulation are of paramount importance for the EAEU States. He underlined that the parties agreed to continue the coordination of the monetary policy. "We think that the time has come for us to discuss a possibility of creation of a monetary union in perspective. While working shoulder to shoulder it is easier to react to external financial and economic threats and to protect our common market", underlined Vladimir Putin.

In the end of the meeting the President of Kazakhstan emphasized the importance of active and regular meetings for "synchronization of watches" and discussion of promising courses of cooperation between the member states of the Eurasian Economic Union.

The President of Russian Federation Vladimir Putin had talks with Almazbek Atambayev, the President of Kyrgyzstan, to discuss issues of the republic's Eurasian integration

18 March, 2015

On March 16, a meeting between the President of the Russian Federation Vladimir Putin and Almazbek Atambayev, the President of the Kyrgyz Republic, was held in Saint-Petersburg. The heads of the states, among other issues, discussed matters of bilateral cooperation as well as the prospects of Kyrgyzstan's joining the Eurasian Economic Union (EAEU).

Opening the session, the Russian President stressed that he is glad to welcome the Kyrgyz leader in Saint-Petersburg. 'Naturally, we cannot leave out the developments in the integration processes and where we stand from viewpoint of the agreements on gradual accession of Kyrgyzstan to the Union', said Vladimir Putin in his statement.

The Russian leader also stressed that the ultimate goal of the integration processes is that the Kyrgyz economy should be adjusted to the economies of Armenia, Belarus, Kazakhstan and Russia. In Vladimir Putin's opinion, 'these are, unconditionally, the tasks that can be solved'.

In his turn, the head of Kyrgyzstan, speaking of the republic's accession to the EAEU, mentioned that Bishkek's intention is to become a full-fledged EAEU member prior to May 9. 'Of course we would like to fulfil it by May 9. As you can recall, we set the date before. We have people, the veterans of war, who remember as there were no customs borders and therefore this meeting is a good occasion to discuss the matters that have built up', said Almazbek Atambayev.

Here is to remind that an Agreement on the accession of Kyrgyzstan to the EAEU Treaty was signed on December 23.

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The first meeting of the Eurasian Intergovernmental Council discussed long-term approaches to the development of economic and trade cooperation with EAEU main partners

10 February, 2015

On February 6, the first session of the Eurasian Intergovernmental Council was held in Moscow. The summit was attended by Prime Minister of the Republic of Armenia Ovik Abraamyan, Prime Minister of the Republic of Belarus Andrei Kobyakov, Prime Minister of the Republic of Kazakstan Karim Masimov, Chairman of the Government of the Russian Federation Dmitry Medvedev, Prime Minister of the Republic of Kyrgyzstan Djoomart Otorbaev and Chairman of the Board of the Eurasian Economic Commission Viktor Khristenko.

The Session of the Eurasian Intergovernmental Council discussed a wide range of integration issues related to the functioning of the Eurasian Economic Union, development of regulatory legal base and implementation of a series of specific cooperation projects. In particular, it considered plans to increase mutual turnover among EAEU Member-States, deepen cooperation in macroeconomy and financial policies, introduce labels for specific goods and establish the Eurasian Engineering Machine Tool Engineering Center.

The Eurasian Intergovernmental Council instructed the Governments of EAEU Member-States together with the EEC and in cooperation with central (national) banks to review the expediency of deepening the cooperation between Member States in the field of macroeconomic and currency and financial policies and report their proposals at the next meeting of the Eurasian Intergovernmental Council. Furthermore, the EEC is ordered to analyze the causes of changes in the dynamics of mutual trade among Member States of the Customs Union (the CU) and the Single Economic Space (the SES) in 2010 - 2014 and to submit proposals to build up mutual turnover among EAEU Member-States in the first half of 2015.

The respective protocols to the Agreement on the Accession of the Republic of Kyrgyzstan to the EAEU are prepared. The Protocols are planned to be signed by the President of the Republic of Kyrgyzstan at the beginning of this March. As the EEC Board Chairman Viktor Khristenko stressed, "in this sense, it is enormous work related not only to the legal preparation but also to the goals to be achieved by Kyrgyzstan on its own territory with the help of the Agreement Member States." Thus, Kyrgyzstan may become a full member of the Union in the near future.

Key topics in the agenda also included long-term approaches to the development of economic and trade cooperation with EAEU main partners.

Address by the Belarus President Aleksandr Lukashenko to the member states of the Eurasian Economic Union

21 January, 2015

On January 1, 2015 assumed the chairmanship in the Supreme Eurasian Economic Council, Eurasian Intergovernmental Council and Council of the Eurasian Economic Commission.

Our state considers the Eurasian Economic Union as the major integration association that promotes economic and social stability in the region. We welcome the consistent increase in number of participants of the Eurasian integration, we support the open and equitable dialogue of the EAEU with other countries, international organizations and international integration associations.

The chairmanship of the Republic of Belarus in the Eurasian Economic Union will be committed to further strengthening of neighbourliness, development of economic cooperation, promotion of four fundamental economic freedoms of the Union: the free movements of goods, services, capital and labour.

At all stages of preparing the Treaty on the Eurasian Economic Union, the Belarus party consistently declared the need of maximum liberalisation of the conditions for economic activity under the EAEU. We still believe that the Eurasian Economic Union shall be founded on complete elimination of exemptions and restrictions in the movements of goods.

We propose the following:

- to take measures for the soonest possible transition to the concerted, and in future to the common industrial and agricultural policy, for the development of industrial cooperation, for the implementation of joint investment projects both within the Union and beyond;

- to accelerate development and approval of the main areas of industrial cooperation within the Union;

- to ensure that the common markets of pharmaceutical and medical products unconditionally start operating from January 1, 2016;

- to start practical implementation of the Treaty provisions that provide for joint development of export.

We pay utmost attention to the development of concepts to shape the common markets of electric energy, gas, oil and oil products.

The specific measures to develop the integration processes in the service area will be taken during the chairmanship of Belarus. Our common objective is consistent elimination of restrictions and exemption with further development of single markets in as many areas as possible, including in construction and transportation. We believe that the development of a common market of transport services, including the development of programme for phased liberalization of cabotage transportation, is one of the major components of competitiveness of our products both on internal and foreign markets.

The customs tariff and non-tariff protection of the common customs space is of vital importance. In view of above we expect our partners to be open in their dialogue with the WTO.

We propose to develop efficient mechanisms that would enable the Eurasian Economic Union to operate in the context of unilateral measures taken by one of the member states to protect the market from the third parties. The special attention shall be paid to coordinating the cooperation in taking the sanitary, veterinary and phytosanitary measures, in protecting the consumers' rights.

The preparation of an international treaty on the principles and approaches to alignment of the legislation systems of member states regulating the state control over compliance with the technical regulations requirements, is also of key importance.

The problems of capital movements are important. During one year we shall end up signing an international treaty on concerted approaches to regulating the currency legal relations and taking liberalization measures.

We plan to actively contribute to increasing the effectiveness of the Eurasian Economic Commission operations including rapid responding to external and internal challenges, supervising execution of the decisions taken by the Union.

We will ensure the required cooperation in organizing full-scale functioning of the EAEU Court, strengthening the importance of law in the Eurasian Economic Union space.

I truly hope that the member states of the Eurasian Economic Union will support us in practical implementation of the Belarussian initiatives.

I believe that our close cooperation will be a guarantee of the most effective implementation of the set plans and successful establishment of the Eurasian Economic Union as an independent centre of sustained economic development.

The Chairman of the Supreme
Eurasian Economic Council


A.G. Lukashenko

Armenia is now in the Eurasian Economic Union

2 January, 2015

January 2, the Treaty on Armenia's accession to the Eurasian Economic Union (EAEU) came into force. Armenia became the fourth full-fledged Member-State of the Eurasian Economic Union together with Belarus, Kazakhstan and Russia.

By this Treaty Armenia has made a part of the Treaty on the Eurasian Economic Union, signed by the Presidents of the EAEU Member-States - Alexander Lukashenko, Nursultan Nazarbayev and Vladimir Putin on May 29, 2014 in Astana, as well as other international treaties forming the EAEU legal framework. From now on, Armenia undertakes corresponding obligations, and therewith gets access to the EAEU single market with 170 million citizens.

By joining the Eurasian Economic Union, the state gets fully involved into implementation of the Eurasian project aimed, on the one hand, at forming of four freedoms: free movement of goods, services, capital and labour force. On the other hand, - at creation of one of the key economic centers of evolving architecture of the multipolar world.

The fourth partner expects a number of positive effects form integration. Among the key ones there are an increase of goods turnover due to elimination of barriers and minimization of administrative expenses, increase of mobility of labour force due to introduction to the single labour market, increase of stability of economic development due to reduction of economic isolation effect, development of infrastructure projects, participation in drawing up of the agenda using the mechanisms of the Eurasian Economic Union.

The Treaty on accession provides for full involvement of Armenia’s representatives into the activities of the EAEU governance. Upon entry of the Treaty into force the President of Armenia becomes a full-fledged Member of the Supreme Eurasian Economic Council, and the Prime Minister becomes a Member of Intergovernmental Council; the full-fledged representative joins the Eurasian Economic Commission. Armenia will be represented by three Board Members in the Board of the Eurasian Economic Commission, as wells as other EAEU Member-States.

For reference:

April 10, 2013 the Chairman of the EEC Board Viktor Khristenko and the Prime Minister of the Republic of Armenia Tigran Sarkisyan signed the Memorandum on cooperation between the Eurasian Economic Commission and the Government of the Republic of Armenia. The document laid the basis for cooperation between the Parties by providing consultations, conducting conferences and seminars, preparing of analytical reviews on issues of mutual interest, conducting meetings of the Eurasian Economic Commission management with the Armenian Party. At the same time, over a period of several years, the Republic of Armenia has been engaged in an active dialogue with the European Union within the frameworks of the “Eastern Partnership” program, aimed at conclusion of the European Union Association Agreement.

September 3, 2013 the Republic of Armenia issued a declaration of intent to join the Customs Union (CU) and Single Economic Space (SES). October 24, 2013, during the panel session of the Supreme Eurasian Economic Council in Minsk the Presidents of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation considered the application of the Republic of Armenia and instructed the Eurasian Economic Commission to initiate the procedure on accession.

The Working Group created based on Decision of the Supreme Eurasian Economic Council “On accession of the Republic of Armenia to the Customs Union and Single Economic Space of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation” dated October 24, 2013 No. 49 with participation of the representatives of Belarus, Kazakhstan, Russia, Armenia and the Eurasian Economic Commission, chaired by the Member of the Board – Minister in charge of the Development of Integration and Macroeconomics of the Eurasian Economic Commission Tatiana Valovaya developed the relevant “road map”.

November 6, 2013, in Erevan the Chairman of the Board of the Eurasian Economic Commission Viktor Khristenko and the Prime Minister of the Republic of Armenia Tigran Sarkisyan signed a Memorandum on strengthened cooperation between the Eurasian Economic Commission and the Republic of Armenia, the project thereof was preliminary approved by Decision of the Supreme Eurasian Economic Council at the highest level on October 24, 2013 No. 49. In accordance with the Memorandum the Republic of Armenia shall have the right to participate in the sessions of the Supreme Eurasian Economic Council, the Council and the Board of the Eurasian Economic Commission, as well as the right to appoint a representative of the Republic of Armenia to the Eurasian Economic Commission. The Memorandum also provides for the possibility to establish information exchange between the Parties. This Memorandum was prepared and adopted in furtherance of the Memorandum on cooperation between the Eurasian Economic Commission and the Government of the Republic of Armenia dated April 10, 2013.

December 24, 2013 in Minsk the Presidents of the Member-States of the Customs Union and Single Economic Space approved the “road map” for accession of the Republic of Armenia to the Eurasian integration association. The Heads of the Member-States of the Customs Union and Armenia accepted the Application “On participation of the Republic of Armenia in the Eurasian integration process”, that welcomed the intention of the Republic of Armenia to join the Customs Union and Single Economic Space.

All the measures that had to be taken prior to the accession have been taken. In the course of cooperation Armenia demonstrated a laudable interest and activity. In accordance with the “road map”, the Republic of Armenia had to take 126 measures out of 267 “prior to accession”. All of them have been taken. Certain provisions relating to the implementation of these items are included in the Treaty on Accession. Within the frameworks of the accession procedure the experts of the Eurasian Economic Commission made more than 40 visits to the Republic of Armenia.

In general, the implementation of the "road map" for the Republic of Armenia is the harmonization of national legislation with the contractual and legal framework of the Eurasian Economic

The treaty on the Eurasian Economic Enion is coming into force

1 January, 2015

January 1, the Treaty on the Eurasian Economic Union (EAEU) is coming into force. The Treaty confirms the creation of an economic union that provides for free movement of goods, services, capital and labor and pursues coordinated, harmonized and single policy in the sectors determined by the document and international agreements within the Union.

The Treaty on the EAEU was signed by the Presidents of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation on May 29, 2014, in Astana. Apart from the three states, the Union members will also include the Republic of Armenia that signed Treaty on Accession to the Union on October 10, 2014 and the Kyrgyz Republic that signed similar Treaty on December 23, 2014.

The Eurasian Economic Union is an international organization for regional economic integration. It has international legal personality.

The Union is to create an environment for a stable development of the Member-States' economies in order to raise the living standards of their population, as well as to comprehensively upgrade and raise the competitiveness of and cooperation between the national economies in the conditions of the global economy.

The EAEU operates within the competence granted by the Member-States subject to the Treaty on the Union, based on the respect to the established principles of international law, including the principles of Member-States' sovereign equality and territorial integrity; based on the respect to the specifics of the Member-States' political order; based on the promotion of mutually beneficial cooperation, equal rights and the Parties' national interests; based on application of the principles of market economy and fair competition.

Governance of the Union is entrusted to the Supreme Eurasian Economic Council (SEEC) comprised of the Heads of the Member-States. The SEEC sessions are held at least once a year. The SEEC structure is formed by the Intergovernmental Council at the level of the Heads of the Governments, the Eurasian Economic Commission and the Court of the Union.

For reference:

Union bodies: 
The Supreme Council is the EAEU's supreme authority composed by the Presidents of the Union's Member-States.

The Intergovernmental Council is a Union body in charge of strategically important issues of the development of the Eurasian economic integration remained with no consensus when discussed in the Commission Council.

The Court of the EAEU is the Union's court of justice that ensures that the Member-States and the Union's bodies uniformly implement the Treaty on the EAEU and other international agreements within the Union.

The Eurasian Economic Commission is the Union's permanent supranational regulatory body formed by the Commission Council and Commission Board. The Commission's key tasks are to create environment for the Union's operation and development, as well as develop proposals for economic integration within the EAEU.

The Commission Council includes the Prime-Ministers of the Union's Member-States.

The EEC Board is comprised of its Chairman and Ministers.

Key functional novelties of the Treaty on the EAEU as compared to the stages of the CU and SES:

The Treaty on the EAEU secured the Member-States' agreement to pursue a coordinated energy policy and form common energy markets (electric energy, gas, oil and oil products) based on common principles. The document contemplates that such task will be implemented in several stages and completed by 2025: formation of single market of electric power is planned to be completed by 2019, and single market of hydrocarbons—by 2025.

The Treaty on the EAEU determines regulatory treatment of the turnover of pharmaceuticals and medical devices. By January 1, 2016, single market of pharmaceuticals and single market of medical devices (devices for medical purposes and medical equipment) will be created within the Union.

The Treaty establishes new long-term priorities of transport policy in the territory of the Eurasian Economic Union. The parties agreed on a step-by-step liberalization of transport carriages in the territory of the will-be Union, which pertains primarily to motor and railroad transport.

An agreement has been reached on the formation and implementation of a coordinated agricultural policy. It is not insignificant that policies in other areas of integration interaction, including application of sanitary, phytosanitary and veterinary measures to agricultural products, will be pursued in view of the goals, tasks and areas of the coordinated agricultural policy.

The Eurasian Economic Union operation would be unimaginable unless a coordinated macroeconomic policy were pursued, which provides for development and implementation of the Union Member-States' joint activities to achieve a balanced economic development. Subject to the Treaty, key areas of the coordinated macroeconomic policy include formation of single principles of the Union Member-States operation, their efficient interaction and development of common principles and benchmarks to predict the Parties' social and economic development.

To ensure coordinated regulation of financial markets, based on a step-by-step harmonization of the legislations, the EAEU Member-States agreed to establish by 2025 a single supranational body for financial market regulation.

The Treaty on the EAEU presupposes that, as of January 1, 2015, single services market will start operating in a number of sectors determined by the Union Member-States. National treatment will be the basis, i.e. the state will have to adopt full-fledged national treatment of service providers and partner-countries—there can be no restrictions. Later on, the Parties will seek to expand the sectors as much as possible. In particular, by way of a step-by-step reduction of deletions and restrictions, which will undoubtedly strengthen the Eurasian integration project.

Subject to the Treaty on the EAEU, the single services market within the Union shall operate in the sectors approved by the Supreme Council based on the coordinated proposals from the Member-States and the Commission. Based on the Treaty, Decision of the Supreme Eurasian Economic Council dated December 23, 2014 confirmed the lists of services sectors wherein the single market will start operating as of January 1, 2015. At the moment, following the proposals of Belarus, Kazakhstan and Russia, the list of services may include over 40 services sectors (construction services, wholesale/retail trade services, agricultural services, including sowing, processing and crop harvesting, etc.). The list of sectors wherein the rules of the single services market should be followed is subject to a step-by-step and coordinated expansion. In the services sectors where the single services market does not operate, providers and receivers of services are subject to national treatment and most favored nation treatment, and no quantitative or investment restrictions shall be applied thereto.

As of January 1, 2015, single labor market will start operating in the territories of Armenia, Belarus, Kazakhstan and Russia; the freedom of movement of labor will be exercised. The citizens of these states will work in equal conditions: workers from the EAEU Member-States will need no work permits to work within the Union. Once the common labor market is created, the EAEU citizens will be able to experience directly the benefits of the Eurasian Economic Union. Education degrees will be mutually recognized automatically, starting off January 1, 2015. Taxes on incomes of individuals, the EAEU citizens, will be paid according to the domestic resident rate as of the first days of employment. The EAEU Member-States' citizens will no longer have to fill in migration cards when crossing internal borders between the EAEU countries, unless they exceed a 30 day period of stay from the day of entry. Besides, workers and their family members will be relieved of the obligation to get registered with law enforcement authorities for a period not exceeding 30 days.

Another most important novelty of the Treaty on the EAEU is a possibility to apply national treatment to the citizens of all the four countries in what regards social security, including health care. In each EAEU country all health-care services provided by the state will be equally accessible for all the citizens of the Union countries. (Primarily, free ambulance services are meant).

Regarding pensions, the Treaty on the EAEU contains a commitment to solve the issue of pensions export and crediting of total seniority accumulated in another Union country. At the moment, the EEC, jointly with the Parties, elaborates an Agreement on pension coverage that will become effective after 2015.

The session of the supreme eurasian economic council discussed the operation of the Eurasian Economic Union and its agencies from january 1, 2015

23 December, 2014

December 23, Supreme Eurasian Economic Council (SEEC) held its session in Moscow. The summit was attended by the Heads of the Member-States of the Customs Union (CU) and Single Economic Space (SES) – the President of the Republic of Belarus Alexander Lukashenko, the President of the Republic of Kazakhstan Nursultan Nazarbayev and the President of the Russian Federation Vladimir Putin, as well as the President of the Republic of Armenia Serzh Sargsyan and the President of the Kyrgyz Republic Almazbek Atambaev. The Eurasian Economic Commission (EEC) was represented by the EEC Board Chairman Viktor Khristenko.

Operation of the Eurasian Economic Union (EAEU) and its Agencies from January 1, 2015 was one of the main issues discussed at the session.

The summit participants signed a number of decisions aimed at regulation of the activities of the EAEU Agencies, formation of the Eurasian Economic Commission and the Court of the Eurasian Economic Union, and their operation.

The Heads of the States signed the Treaty on Accession of the Kyrgyz Republic to the Treaty on the Eurasian Economic Union.

The President of the Republic of Kazakhstan Nursultan Nazarbayev signed a law "on ratification of the treaty on the Eurasian Economic Enion."

14 October, 2014

October 14, the President of Kazakhstan Nursultan Nazarbayev signed the law of the Republic of Kazakhstan "On Ratification of the Treaty on the Eurasian Economic Union."

This ratification had been previously approved by the Mazhilis of the Parliament (October 1), as well as by the Senate of the Parliament (October 9) of the Republic of Kazakhstan.

The Treaty is a fundamental document that determines the agreements of the Russian Federation, the Republic of Belarus and the Republic of Kazakhstan on creation of the Eurasian Economic Union in order to remove the barriers to the free movement of goods, services, capital and labor, pursue coordinated, harmonized and single policy in the key sectors of economy.

The Treaty on the EAEU was signed by the President of the Republic of Belarus Alexander Lukashenko, the President of the Republic of Kazakhstan Nursultan Nazarbayev and the President of the Russian Federation Vladimir Putin on May 29, 2014, in Astana.

The President of Belarus Alexander Lukashenko signed a law on the eeu treaty ratification

10 October, 2014

October 10, Supreme Eurasian Economic Council (SEEC) held its session in Minsk. The Summit was attended by the leaders of the Member-States of the Customs Union (CU) and Single Economic Space (SES) the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation, as well as by the Presidents of the Republic of Armenia and the Kyrgyz Republic. The Eurasian Economic Commission (EEC) was represented by the EEC Board Chairman Viktor Khristenko.

Signing of the Treaty on Armenia's accession to the EAEU was one of the main outcomes of the Summit.

The Summit participants discussed financial, organizational and technical aspects related to the beginning of the Eurasian Economic Union's (EAEU) operation as of January 1, 2015.

The general staff size and structure of the Eurasian Economic Union Court was approved, as well as the procedure for selection of candidates for offices in the Secretariat of the Eurasian Economic Union Court.

Moreover, a Statute on the Symbols of the Eurasian Economic Union was passed that approves the Union's emblem and flag.

The documents signed at the session of the Supreme Eurasian Economic Council on October 10, 2014

Treaty:

  1. Treaty on Accession of the Republic of Armenia to the Treaty on the Eurasian Economic Union

Statements:

  1. Statement on Implementation of Intrastate Procedures Necessary for the Treaty on the Eurasian Economic Union dated May 29, 2014, to Become Effective
  2. Statement of the plan of activities ('roadmap') for the accession of the Kyrgyz Republic to the Single Economic Space of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation, in view of the formation of the Eurasian Economic Union and the intention of the Kyrgyz Republic to become a full Member-State of the Eurasian Economic Union.

Решения:

  1. On approval of the plan of activities ('roadmap') for the accession of the Kyrgyz Republic to the Single Economic Space of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation, in view of establishment of the Eurasian Economic Union
  2. On approval of the Statute on the Symbols of the Eurasian Economic Union
  3. On the annual report on the implementation of 2013 Eurasian Economic Commission budget
  4. On Statute for the Eurasian Economic Union Budget
  5. On the amount (scale) of the contributions of the EAEU Member-States to the Eurasian Economic Union budget
  6. On approval of the parameters of the EAEU Member-States officials representation in the Eurasian Economic Commission Departments
  7. On approval of the general staff size and structure of the Eurasian Economic Union Court
  8. On the remunerations for judges, officials and employees of the Eurasian Economic Union Court
  9. On selection of candidates for vacant positions in the Secretariat of the Eurasian Economic Union Court
  10. On the Procedure for verifying authenticity and fullness of the information regarding income, property and property-related liabilities of the judges, officials and employees of the Eurasian Economic Union Court, as well as the members of their families
  11. On determining the amount, currency, procedure for entering into an account, use and repayment of the duty paid by economic operators for applying to the Eurasian Economic Union Court
  12. On entry into force of the Protocol on Amendments to the Agreement on Determining the Customs Value of the Goods Carried across the Customs Border of the Customs Union, dated January 25, 2008
  13. On amendments to the List of Sensitive Goods, for which the Decision on Changing the Import Duty Rate is Made by the EEC Council
  14. On development of a system fol labeling of certain types of light industry products in the territories of the Member-States of the Customs Union and Single Economic Space

Instructions:

  1. Instruct the Eurasian Economic Commission to prepare, jointly with the governments of Russia, Belarus and Kazakhstan, proposals for approaches to develop economic cooperation with key trade partners of the Eurasian Economic Union

Russian President Vladimir Putin signed a federal law on ratification of the treaty on the Eurasian Economic Union

3 October, 2014

October 3, Russian President Vladimir Putin signed a Federal law "On Ratification of the Treaty on the Eurasian Economic Union."

Previously, October 1, the Council of Federation had approved the Federal Law. September 26, at the Morning Plenary Session of the State Duma of the RF, the Treaty was ratified by the votes of 441 deputies.

The Treaty is a fundamental document that determines the agreements of the Russian Federation, the Republic of Belarus and the Republic of Kazakhstan on creation of the Eurasian Economic Union in order to remove the barriers to the free movement of goods, services, capital and labor, pursue coordinated, harmonized and single policy in the key sectors of economy.

The Treaty on the EAEU was signed by the President of the Republic of Belarus Alexander Lukashenko, the President of the Republic of Kazakhstan Nursultan Nazarbayev and the President of the Russian Federation Vladimir Putin on May 29, 2014, in Astana.

Alexander Lukashenko and Nursultan Nazarbayev discussed key areas of cooperation within the integration structures

27 August, 2014

August 27 in Minsk, a bilateral meeting was held between the President of the Republic of Belarus Alexander Lukashenko and the President of Kazakhstan Nursultan Nazarbayev. During the meetings, the Parties discussed the results of the meeting held the day before between the leaders of the CU countries, Ukraine and representatives of the European Union. The Heads of States expressed their confidence that the agreements reached based on the meeting would affect the situation in Ukraine in a positive way.

Besides, Nursultan Nazarbayev and Alexander Lukashenko discussed the key areas of bilateral cooperation in trade, economic, industrial, innovation and agricultural sectors. Besides, the matters of cooperation within integration structures and current aspects of international agenda were also addressed.

In Astana, presidents of Belarus, Kazakhstan and Russia signed treaty on establishment of Eurasian Economic Union

29 May, 2014

May 29 in Astana, based on the results of the Supreme Eurasian Economic Council session, a ceremony of signing the Treaty on the Eurasian Economic Union (EAEU) was held. The ceremony was attended by the President of the Republic of Belarus Alexander Lukashenko, President of the Republic of Kazakhstan Nursultan Nazarbayev, President of Russia Vladimir Putin. Subject to the Treaty signed, the Eurasian Economic Union will start operating as of January 1, 2015.

In their press statements based on the session of the Supreme Eurasian Economic Council, the Heads of States pointed out the positive significance of the creation of the EAEU for the three countries' economies.

Kazakh President Nursultan Nazarbayev emphasized that "a new economic reality of the 21st century is being born today." According to President Nazarbayev, it is only logical that Astana became venue for signing of the EAEU Treaty, since it is here where the idea to create an association was born. "It will become a great chronicle of good-neighborly relations between Russia, Kazakhstan and Belarus. Twenty years ago I voiced an idea to create a new association. The idea of Eurasian integration was supported by Vladimir Putin and Alexander Lukashenko. And we started to embody it. We need to unite potentials of our States for joint growth," Nursultan Nazarbayev said. "Enhancing the Eurasian integration is beneficial for our countries and nations. One of our key goals is to unite each country's potentials to jointly upgrade, raise and improve the competitiveness of our countries," Kazakh President said.

He also added that the EAEU will create a long-term environment for the development. "By developing the integration we are coming through a free trade zone, the Customs Union. We will have to show the whole world that our decision was right. We had little time to come to today's decision. We have done a great deal of work and solved complicated issues. Now we are going to have the new document ratified by Parliaments of our States so that the Union would become effective as of January 1, 2015. The 29th of May must become the Day of Eurasian Integration," Nursultan Nazarbayev said.

The President of Belarus Alexander Lukashenko said that "we are ready to move consistently and steadily along the path of fulfillment of the agreements reached in a very difficult negotiation process." He noted that: "I wish our further joint work in these areas did not slow down, and we moved persistently along this path. Signing the Treaty is not the end of the process; it's a beginning of a more serious process President Nazarbayev just spoke about. The process where we will have to prove to our nations and the whole world that we have made right steps in this direction."

The President of Russia Vladimir Putin pointed out that "it is in Kazakhstan where the Treaty is being signed, in its capital. Because it was President Nazarbayev who was at the source of the very idea of the Eurasian Union. He was the first who voiced that idea in his speech, as I remember, at Moscow State University in 1994." He added: "Russia, Belarus and Kazakhstan are reaching an absolutely new level of interaction, creating a common space with free movement of goods, services, capital and labor. The three States will pursue a coordinated policy in the key sectors of economy: energy, industry, agriculture and transport. We are forming essentially the largest single market within the CIS (over 170 million people) with huge production, science and technology potential and enormous natural resources." The Head of the Russian State emphasized the importance of the fact that "delegation of certain powers to supranational bodies of the Union does not damage our countries' sovereignty whatsoever."

Lecture of the President of Kazakhstan at Lomonosov Moscow State University

28 May, 2014

On May 28, the President of the Republic of Kazakhstan Nursultan Nazarbayev spoke in Lomonosov Moscow State University. In his speech the President of Kazakhstan pointed out that 20 years ago in his lecture at MSU he for the first time voiced the idea to create the Eurasian Economic Union.

The President of Kazakhstan said that the concept of the Eurasian Economic Union was based on the truth which is equally close and clear to our countries' citizens. "Common history, mutual economic gravitation, close cultural ties and closeness of people's aspirations give our nations a chance to build a new type of multilateral interstate connections. I have always been and remain a strong advocate of the idea that the Eurasian Union is only possible on the principles of voluntariness, equal rights, mutual benefits and taking into account interests of each Member-State," Nursultan Nazarbayev pointed out.

The Head of Kazakhstan also emphasized that the key task of the association is to raise competitiveness of our States, which does not go beyond the economic component.

In conclusion of the meeting, the Rector of Lomonosov MSU handed a commemorative diploma to Nursultan Nazarbayev in dedication of his visit.

Further prospects of the Eurasian economic integration outlined at the SEEC in Minsk

29 April, 2014

April 29, a regular session of the Supreme Eurasian Economic Council (SEEC) was held in Minsk, attended by President of Belarus Alexander Lukashenko, President of Kazakhstan Nursultan Nazarbayev, President of Russia Vladimir Putin. Chairman of the Board of the Eurasian Economic Commission (EEC) Viktor Khristenko also took part in the SEEC session.

During the meeting, the Heads of Belarus, Kazakhstan and Russia discussed the operation of the Customs Union (CU) and Single Economic Space (SES), progress of the work on the Treaty on establishment since January 1, 2015 of the Eurasian Economic Union, as well as preparation of a Treaty on accession of Armenia to the CU and SES.

Based on the results of the SEEC session, Chairman of the Board of the Eurasian Economic Commission (EEC) Viktor Khristenko pointed out clear development prospects for the Eurasian economic integration: «The highest state level itself implies not only the complexity of the negotiation process, but also the significance and most advanced prospects in many areas. For instance, in forming a common market for oil, oil products and gas. These are fundamentally new constructs that we have not had before and that have only existed as deletions".

He also pointed out that "the issues of interaction in the oil and gas area will be regulated subject to applicable agreements of 2010 and relevant bilateral arrangements that would ensure a proper cooperation status in these areas for the whole period until the common market is formed." Viktor Khristenko emphasized: "the common markets of gas, oil and oil products will be launched no later than 2025, and the Presidents will approve the concepts of each market by 2016. By 2025, the issues of interaction in this area will be regulated subject to applicable and additional agreements. Duties for oil products shall be a subject of bilateral arrangements." The EEC Board Chairman Viktor Khristenko said that the single financial regulator of the Eurasian Economic Union will start its operation in 2025,"Speaking about financial regulator, it is stipulated in the agreement that the financial regulator will start functioning by 2025 and will be located in Almaty, Kazakhstan."

The EEC Board Chairman also pointed out that the draft Treaty on Armenia's accession to the Customs Union and Single Economic Space of Belarus, Kazakhstan and Russia is planned to be prepared for consideration by the Heads of states by June 1, 2014. Speaking about the progress in implementation plan for Armenia's accession to the CU and SES, he pointed out that during Minsk session "the work completed by today was approved." Viktor Khristenko noted that "out of 126 items on the 'road map' that were supposed to be implemented prior to signing of the Accession Treaty, 111 have already been implemented and 15 will be included in the Treaty itself."

Based on the results of the Supreme Eurasian Economic Council session, the Presidents of Belarus, Kazakhstan and Russia instructed the governments of the tree states and the EEC to complete studying all the individual issues as soon as possible in order to submit the document for signing to the Heads of states by the end of May, at the summit of the Supreme Eurasian Economic Council in Astana.

Heads of the governments of Belarus, Kazakhstan and Russia had a meeting in Moscow

15 April, 2014

April 15, Heads of the governments of the CU and SES Member-States had a meeting in Moscow. The meeting was attended by Prime Minister of Belarus Mikhail Myasnikovich, Prime Minister of Kazakhstan Karim Masimov, Prime Minister of the Russia Dmitry Medvedev. The session was also attended by the Chairman of the EEC Board Viktor Khistenko and Members of the EEC Board

In the course of the session, the Heads of the Governments of Belarus, Kazakhstan and Russia discussed the operation of the Customs Union and Single Economic Space, the progress in preparation of the draft Treaty on founding the Eurasian Economic Union as of January 1, 2015.

The Supreme Eurasian Economic Council held its regular meeting in Moscow

5 March, 2014

On March 5, the Supreme Eurasian Economic Council held its regular meeting attended by the President of Belarus Alexander Lukashenko, the President of Kazakhstan Nursultan Nazarbayev, the President of Russia Vladimir Putin, and the Chairman of the Board of the Eurasian Economic Commission Viktor Khristenko.

In the course of the meeting, the Leaders of Belarus, Kazakhstan and Russia discussed the functioning of the Customs Union and Single Economic Space, progress achieved in the work on the Treaty on the establishment of the Eurasian Economic Union, scheduled for January 1, 2015 as well as a prospect of preparing an Agreement on accession of Armenia to the future union.

Following the results of the Supreme Eurasian Economic Council session, the State Leaders agreed that preparation of the draft Treaty shall be finished by May, and that all the essential documents shall be signed until the timeframe agreed.

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