The leaders of Russia, Kazakhstan and Belarus signed the Eurasian Economic Union Treaty in Astana today. The organization will be formed on January 1, 2015. Andrey Smirnov, vice president of the Eurasian Cooperation Development Foundation, expressed confidence that the day will be historic for Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan. He noted interest of Venezuela, Vietnam, Serbia and India in the Union.
The expert emphasized that the Union was formed based on equality and will give profit and income to all the signatories. It will expand the market. Smirnov reminded that the treaty encourages free movement of labour and simplification of financial evaluations.
Andrey Chebotarev, the director of the Alternativa Center for Modern Research, focused on the absence of a political element in the document. He reminded that Kazakhstan was worried about politicization of the integration structure. That is why it does not contain laws on unified citizenship or cooperation in education. Trade and industry are the only elements of the treaty.
The expert expects Russia and Kazakhstan to gain most benefit from the treaty. He reminded that their integration efforts had been manifested by attempts to form the Customs Union in the late 1990s, EurAsEC, the new Customs Union and now the Eurasian Economic Union.
Sergey Kizima, a Doctor of Political Sciences, said that the treaty could revive the economic conditions that Kazakhstan, Russia and Belarus had had during the Soviet times. The document lifts barriers for trade and creates a good atmosphere for regional economic development. Kazakhstan wants to keep its transportation system unaffected by the treaty until 2025. The problem of custom fees has not been resolved for Belarus. Kizima noted that Russia and Belarus had agreed to remove 50% of fees for petrochemical products produced from Russian oil and exported beyond Belarus. A loan was promised to compensate for the expectations of Belarus from the Union. The analyst considers the Union beneficial for Belarusian business. He expressed confidence that Belarus will succeed in expanding business in the Russian and the Kazakh markets. He admitted that the Ukrainian crisis could be an obstacle to the process.
Leaders of Russia, Kazakhstan and Belarus have signed the Eurasian Economic Union Treaty in Astana today. The organization will be formed on January 1, 2015. Andrey Smirnov, vice president of the Eurasian Cooperation Development Foundation, expressed confidence that the day will be historic for Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan. He noted interest of Venezuela, Vietnam, Serbia and India in the Union.The expert emphasized that the Union was formed basing on equality and will give profit and income to all the signees. It will expand the market. Smirnov reminded that the treaty encourages free movement of labour, simplification of financial evaluations.Andrey Chebotarev, the director of the Alternativa Center for Modern Research, focused on the absence of the political element in the document. He reminded that Kazakhstan was worried about politicization of the integration structure. That is why it does not contain laws on unified citizenship, cooperation in education. Trade and industry are the only elements of the treaty.The expert expect Russia and Kazakhstan to gain most benefit from the treaty. He reminded that their integration efforts had been manifested by attempts to form the Customs Union in the late 1990s, EurAsEC, new Customs Union and now the Eurasian Economic Union.Sergey Kizima, a Doctor of Political Sciences, said that the treaty could revive the economic conditions Kazakhstan, Russia and Belarus had had during the Soviet times. The document lifts barriers for trade and creates a good atmosphere for regional economic development. Kazakhstan wants to keep its transportation system unaffected by the treaty until 2025. The problem of custom fees has not been resolved for Belarus. Kizima noted that Russia and Belarus had agreed to remove 50% of fees for petrochemical products produced from Russian oil and exported beyond Belarus. A loan was promised to compensate expectations of Belarus from the Union. The analyst considers the Union beneficial for Belarusian business. He expressed confidence that Belarus will succeed in expanding business on the Russian and the Kazakh markets. He admitted that the Ukraine crisis could be an obstacle for the proces
