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Kazakh lower house of parliament ratifies treaty on Armenia's joinin

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  • Kazakh lower house of parliament ratifies treaty on Armenia's joinin

    Central Asian News Services
    December 18, 2014 Thursday

    Kazakh lower house of parliament ratifies treaty on Armenia's joining
    Eurasian Economic Union


    ishkek (AKIpress) - The lower house of the Kazakh Parliament, the
    Mazhilis, has ratified a treaty for Armenia's accession to the
    Eurasian Economic Union.

    The treaty 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.

    Russia's both house of Parliament have ratified the treaty, the
    parliaments of Belarus and Kazakhstan should ratify the treaty by
    January 1, 2015.

    The upper house of the Kazakh Parliament, the Senate, is to ratify the treaty.

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