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Eurasian economic union treaty to be ready for signature by May — Medvedev

April 15, 2014, 18:25 UTC+3 MOSCOW
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MOSCOW, April 15. /ITAR-TASS/. A future treaty of what is to become the Eurasian Economic Union is going to be ready for signature by May, Russian Prime Minister Dmitry Medvedev said at a meeting with his Belarusian and Kazakh counterparts on Tuesday.

He said “considerable progress had been made in coordinating that complex document, a great deal of work has been handled by the government and the Eurasian Economic Commission and compromises have been achieved on most issues.”

Dmitry Medvedev, Mikhail Myasnikovich and Karim Masimov considered the still unsettled aspects of the treaty proposed for signature. Most of them concern restrictions to the free movement of goods, services, capital and workforce within the Customs Union and the Common Economic Space.

As of January 1, 2015 the three participating countries are shifting to a higher level of integration cooperation envisaging the creation of a Eurasian Economic Union building up from the potential accumulated by the Eurasian Economic Community.

The draft treaty consists of 21 sections (100 chapters) and 34 addenda. The functional part of the document incorporates all basic agreements of the Customs Union and the Unified Economic Space.

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