Govt. approves Armenia’s Eurasian Economic Union accession draft doc

PanARMENIAN.Net - The government of Armenia on Thursday, Oct 2 approved a draft document on joining the the Eurasian Economic Union Treaty, ITAR-TASS reported.

“Upon joining the Treaty, Armenia becomes a member of the Eurasian Economic Union,” the document says.

From this moment, the acts of the Eurasian Economic Union will be applied on the territory of Armenia, according to the document.

The document’s addenda highlight 29 agreements, which Armenia will join, terms of the republic’s membership in the Eurasian Economic Union and transitional provisions.

A separate addendum contains a list of goods and services subject to customs duties during the transitional period that differ from the levies effective in the customs union of the Eurasian economic bloc.

After governmental confirmation, the draft will be submitted for parliamentary approval. Russia’s upper house of parliament unanimously ratified on Wednesday, Oct 1 the Treaty on the Eurasian Economic Union. The Treaty on the establishment of the Eurasian Economic Union was signed by the presidents of Russia, Belarus and Kazakhstan on May 29, 2014 in Astana. The agreement is the basic document defining the accords between Russia, Belarus and Kazakhstan for creating the Eurasian Economic Union for the free movement of goods, services, capital and workforce and conducting coordinated, agreed or common policies in key sectors of the economy, such as energy, industry, agriculture and transport. The Treaty on the Eurasian Economic Union is to enter force on January 1, 2015.