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Submitting the Treaty on Accession of Armenia to EEU to Putin for Ra

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  • Submitting the Treaty on Accession of Armenia to EEU to Putin for Ra

    States News Service
    November 21, 2014 Friday


    SUBMITTING THE TREATY ON THE ACCESSION OF ARMENIA TO THE EURASIAN
    ECONOMIC UNION TO THE RUSSIAN PRESIDENT FOR RATIFICATION

    MOSCOW, Russia

    The following information was released by the Government of the
    Russian Federation:

    After the Treaty enters into force, Armenia will join the Eurasian
    Economic Union as of 2 January 2015. The enactment of the Treaty will
    also make it possible to launch the process of reducing exemptions and
    restrictions, including barriers, and providing mutual access of
    entrepreneurs to the markets of countries that are parties to the
    Treaty.

    Reference

    The draft federal law, Ratification of the Treaty on the Accession of
    Armenia to the Eurasian Economic Union of 29 May 2014, hereinafter
    referred to as Treaty, was submitted by the Russian Ministry of
    Foreign Affairs and the Ministry of Economic Development.

    The Treaty on the Accession of Armenia to the Eurasian Economic Union
    is a core document setting forth the agreements of the Russian
    Federation, the Republic of Belarus and the Republic of Kazakhstan on
    specific terms for admitting the Republic of Armenia to the EAEU and
    falls under the law of the EAEU, instituted by the Treaty on the
    Eurasian Economic Union of 29 May 2014.

    After the Treaty enters into effect, Armenia will join the EAEU
    starting 2 January 2015. The enactment of the Treaty will also make it
    possible to launch the process of reducing exemptions and
    restrictions, including barriers, and providing mutual access of
    entrepreneurs to the markets of countries that are parties to the
    Treaty. Thereby a foundation is being created for the subsequent
    development of trade and economic ties and co-production arrangements,
    for increasing the competitiveness of national production facilities
    and strengthening the positions of the EAEU member-countries on global
    markets.

    Under Federal Law No. 101-FZ of 15 July 1995, International Treaties
    of the Russian Federation, this Treaty is subject to ratification
    after signing, as it stipulates regulations that are different from
    those contained in Russian legislation.

    The document was reviewed and approved at a Russian Government meeting
    on 20 November 2014.


    From: Baghdasarian
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