Putin ratified the treaty EAEC – Foreign economic relations

Putin ratified the treaty EAEC – Foreign economic relations

October 4, 2014 4:29

Press office of President of the Russian Federation announced it has signed a law on ratification of the agreement EAEC, which was entered into the leaders of Russia, Belarus and Kazakhstan in Astana in May this year.

This basic document of the Eurasian Economic Union to remove barriers to the free movement of capital, goods and services, as well as the labor force within the boundaries of the Eurasian Economic Community. The Treaty provides for the harmonization issues between the two countries in key sectors of the economy.

Vladimir Putin said that the ratification of this decision – is the next step in the integration with its closest partners, after the conclusion of the Customs Union and the Common Economic Space. The President believes the Republic of Belarus and the Republic of Kazakhstan allies of the Russian Federation.

the Treaty on the Eurasian Economic Union shall enter into force from January 2015. Over the next decade is planned to complete the economic adaptation of the laws of member states.