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Belarus parliament ratifies EurAsian Economic Commission agreement

November 28, 2011, 15:02 UTC+3
The agreement organises a key regulating body of the Customs Union and the United Economic Space, and which will have above-national authorities
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MINSK, November 28 (Itar-Tass) —— Belarus’ parliament ratified on Monday an agreement on the EurAsian Economic Commission /EEC/.

While presenting the document to the deputies, the republic’s Deputy Prime Minister Sergei Rumas said that the document had been signed in Moscow on November 18, 2011 and was caused by the plans to begin from January 1 of the coming year to start practical functioning of the united economic space.

The agreement organises a key regulating body of the Customs Union and the United Economic Space, and which will have above-national authorities.

“The agreement provides necessary conditions for following interests of Belarus over making decisions, as sensitive issues may be considered at a higher level, up to the supreme level of the countries’ leaders,” Sergei Rumas said.

He stressed that the United Economic Space will base its activities on the principles of mutual benefit, equality and national interests of the sides, economic reasons for decisions, of openness and publicity.

“The Republic of Belarus’ ratification of the agreement will demonstrate its following mutual objectives of further development of integration in the post-Soviet space,” the deputy prime minister said.

 

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