Eurasian Economic Union Treaty to be signed in Astana today


Eurasian Economic Union Treaty to be signed in Astana todayThe Treaty on establishment of the Eurasian Economic Union (EEU) is set to be signed in Astana today. The Eurasian Economic Union will become operational on January 1, 2015.

Leaders of three EEU member states – President of Kazakhstan Nursultan Nazarbayev, President of Russia Vladimir Putin and President of Belarus Alexander Lukashenko will participate in the historical signing. It is expected that the presidents of Armenia and Kyrgyzstan who plan to join the union in the future will attend the signing ceremony. The EEU Summit in Astana will discuss Armenia’s accession to the Eurasian Economic Union Treaty.

Initially comprising three states, the Eurasian Economic Union will create a common market with the population of 170 million people. Conditions for free movement of goods, services, capital and manpower will be created within the EEU.

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Russia forges huge economic bloc with Kazakhstan and Belarus

May 29. Reuters. ASTANA


The presidents of Russia, Kazakhstan and Belarus signed a treaty on Thursday creating a vast trading bloc which they hope will challenge the economic might of the United States, the European Union and China.

The treaty forging the Eurasian Economic Union will come into force on Jan. 1, once it has passed the formality of being approved by the three former Soviet republics’ parliaments.

“Our meeting today of course has a special and, without exaggeration, an epoch-making significance,” Russian President Vladimir Putin said shortly before the treaty was signed in the Kazakh capital, Astana.

Kazakh President Nursultan Nazarbayev said he saw the new union as “a bridge between the East and the West”.

Putin, whose hopes of securing a place in history with the union have been dented by Ukraine’s refusal to join, denies the union is an attempt to recreate the Soviet empire which collapsed in 1991.

The new union’s three countries have a combined population of more than 170 million people, and a gross domestic product between them of around $2.7 trillion. Kazakhstan and Russia are both oil producers.

The treaty deepens the ties forged when the three countries took the initial step of creating a customs union in 2010. It will guarantee free transit of goods, services, capital and workforce and coordinate policy for major economic sectors.

Ukraine opted not to join the union after its Moscow-leaning president was ousted in February, and its relations with Moscow are severely strained following Russia’s annexation of Crimea.

Other former Soviet republics have also refused to sign up for the union, although Armenia and Kyrgyzstan are considering joining.

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Putin: Eurasian Economic Union to work based on transparent universal principles

May 29. Trend. Astana

By Daniar Mukhtarov

The Eurasian Economic Union (EAU) will work based on the universal transparent principles, according to Russian President Vladimir Putin.

Putin made the remarks on May 29 speaking at a meeting of the Supreme Eurasian Economic Council, in Astana, Kazakhstan.

“The Eurasian Economic Union will work based on the universal transparent principles that are understandable for everyone, as well as on the terms of the WTO rules and principles. The Agreement on the EAU is ready to be signed,” the Russian president said.

“It is symbolic that the signing of the agreement is being held in Astana, the Kazakh capital, because the idea on the EAU was initiated by Nursultan Nazarbayev, who first voiced the idea during his speech at the Moscow State University in 1994,” Putin noted.

“Today we together create a powerful attraction center of economic development, a large regional market, which brings together over 170 million people,” he said.

He went on to add that the meeting has a special, ‘epoch-making’ significance.

“Russia, Belarus and Kazakhstan are signing the Agreement on the Eurasian Economic Union. This document takes our countries to a new level of integration. While fully maintaining the state sovereignty, we ensure a closer and well organized economic collaboration and cooperation.”

Putin also stressed that the EAU has huge reserves of natural resources, including energy resources, while fifth of gas reserves and almost 15 percent of oil reserves account for the union.

“The three countries have developed industries, the industrial base, powerful human, intellectual and cultural potential. The geographical location allows us to create transport and logistics routes not only of regional but also global significance. All these are a key to our union’s competitiveness,” the Russian president said.

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Belarusian president says more beneficial agreements can be reached within EAU

May 29. Trend. Astana

By Daniyar Mukhtarov

More beneficial agreements can be reached within the Eurasian Economic Union (EAU), Belarusian President Alexander Lukashenko said on May 29.

He made the remarks at the meeting of the Supreme Economic Council in Astana.

“We deliberately came to the signing of the agreement on the Eurasian Economic Union, championed our interests, respected the positions of our partners, thoroughly analyzed the document and highlighted its positive sides,” the president said.

“But I can’t say that there is not some dissatisfaction. We still have opportunity to make our agreements better. As sincere and reliable partners, we will surely have talks with the Russian and Kazakh presidents.”

“We have had to hear many accusations and pretensions. Our country doesn’t demand any concessions. Each integration brings something that will be interesting for all. This contribution shouldn’t be measured by cubic meters or barrels,” the Belarusian president said.

He went on to add that each step came with difficulty.

“But we saw the main goal – to provide friendly relations among people and to make them sure that the development and strengthening of their states is based on their cooperation,” Lukashenko said.

“Time showed that we have chosen the right path. Today, we have reached the finish line, which led us to the Eurasian Economic Union. I hope for mutual understanding and constructive approach towards resolving all the issues,” Lukashenko stressed.

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Eurasian Economic Union Agreement takes into account interests of all member states: President Nazarbayev

May 29. Tengrinews

The Agreement on the Eurasian Economic Union [of Kazakhstan, Russia and Belarus] to be signed in Astana May 29 takes into due account interests of all the parties involved, Tengrinews reports, citing President Nazarbayev as quoted by

“The Agreement is well-balanced and takes into due account interests of all the states involved. There were a lot of debates. The reached consensus satisfies all the parties”, President Nazarbayev said at the sitting of the Supreme Eurasian Economic Board at the level of heads of state.

“It highlights all the (…) principles of sovereignty, territorial integrity, due respect for polity of each of the member states”, he said.

According to him, “signing the agreement marks a new stage of integration within the Eurasian space (…) at all levels, decision-making relies on the principle of consensus, with each of the states having a say. In its staffing policy, the Union bodies will rely on equal representation”, President emphasized.

“All the international agreements within the Union and binding rulings of its Committee shall be done in Russian language and be further translated into languages of the other member states. There will be no discrimination in terms of languages”, he said. “I want to emphasize once again that the Agreement is targeted at raising living standards and welfare of the member states (…) the launch of the Union will be a great incentive to develop and modernize our economies and to bring the member states up to leading positions in the world”.