Armenian president headed to Astana for Supreme Eurasian Economic Council meeting

Armenian president headed to Astana for Supreme Eurasian Economic Council meeting

YEREVAN, May 29. /ARKA/. Armenia’s president Serzh Sargsyan headed to Astana Wednesday to participate in the meeting of the Supreme Eurasian Economic Council on Thursday May 29.  

At the meeting leaders of Russia, Belarus and Kazakhstan are expected to sing an agreement about the Eurasian Economic Union to come into force on January 1, 2015, according to the report.

The Union will bring the member-countries to a higher level of integration. The three states undertake obligations to ensure free movement of goods, services, capital and labor force, implement coordinated policies in key economic fields, i.e. energy, industry, agriculture and transport. This is the final stage of building the biggest common market within CIS territory (170 million people) to become a new powerful economic development center.

During the talks the sides will discuss practical aspects of the Customs Union and the Unified Economic Area. Among others, Armenia’s accession to the CU and preparation of the roadmap for harmonization of Kyrgyzstan’s laws with the CU will be discussed. –0--

11:42 29.05.2014

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