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Treaty On Armenia Joining EEU Ratified By Russia's Federation Counci

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  • Treaty On Armenia Joining EEU Ratified By Russia's Federation Counci

    TREATY ON ARMENIA JOINING EEU RATIFIED BY RUSSIA'S FEDERATION COUNCIL

    15:40, 17 Dec 2014

    Armenia is to become a full-fledged member of the Eurasian Economic
    Union after all ratification procedures are complete in the union
    members, but no earlier than on January 1, 2015.

    Russia's parliamentary upper house, the Federation Council, has
    ratified a treaty for Armenia's accession to the Eurasian Economic
    Union on Wednesday, TASS reports.

    The accord was signed at a meeting of the Supreme Eurasian Economic
    Union by the presidents of Russia, Belarus, Kazakhstan and Armenia
    in Minsk on October 10. The deal is a basic document determining
    agreements between Russia, Belarus and Kazakhstan on the terms of
    Armenia's joining the Eurasian Economic Union seeking to lay a legal
    basis for functioning of the common Union.

    The accord plans Armenia to become a full-fledged member of the
    Eurasian Economic Union from the moment the treaty takes effect, so,
    after all ratification procedures are complete in the union members,
    but no earlier than on January 1, 2015. In particular, during the
    transitional period Armenia as a member of the World Trade Organisation
    (WTO) should revise its tariff liabilities under the WTO rules.

    Russia, Belarus and Kazakhstan have signed a treaty founding the
    Eurasian Economic Union in Kazakhstan's capital Astana on May 29, 2014
    which will take effect on January 1, 2015. On October 10, Armenia
    inked the deal and Kyrgyzstan plans to become its next signatory
    nation. Parliaments of Belarus and Kazakhstan should ratify the treaty
    on Armenia's entry in the Eurasian Economic Union by January 1, 2015.

    http://www.armradio.am/en/2014/12/17/treaty-on-armenia-joining-eeu-ratified-by-russias-federation-council/

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