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Belarus Lower House Ratifies Eurasian Economic Union Treaty

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  • Belarus Lower House Ratifies Eurasian Economic Union Treaty

    BELARUS LOWER HOUSE RATIFIES EURASIAN ECONOMIC UNION TREATY

    14:48, 09 Oct 2014

    Deputies in the Belarus House of Representatives ratified the Treaty
    on the Eurasian Economic Union on Thursday, now due for immediate
    debate in the upper house before reaching the president for signature,
    ITAR-TASS reports.

    Speaking in parliament, International Affairs committee head Nikolai
    Samoseiko prioritised an end to barriers and restrictions within the
    union, notably in the energy and automotive industries. Minsk has
    linked the treaty's ratification with settlement of a Russian tax move
    in the oil industry that could have cost Belarus more than $1 billion,
    according to estimates.

    The two states agreed on October 7 that all export customs duties
    on oil products made from Russian oil and delivered from Belarus to
    third countries in 2015 would be transferred to the republican budget.

    Earlier today Kazakhstan's upper house of parliament adopted a law
    ratifying the treaty on the Eurasian Economic Union.

    http://www.armradio.am/en/2014/10/09/belarus-lower-house-ratifies-eurasian-economic-union-treaty/




    From: A. Papazian
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