BISHKEK, August 12. /TASS/. Wednesday’s opening ceremony of Kyrgyz-Kazakhstani customs border within the frames of Kyrgyzstan’s accession to the Eurasian Economic Union (EAEU) will be attended by Kyrgyz Prime Minister Temir Sariyev and Kazakh Vice Premier Bakhytzhan Sagintayev.
"Starting this day, Kyrgyzstan will be able along with other EAEU member states to freely move its goods, services, capital and workforce," Sariyev’s press service quoted him as saying on the eve of the opening ceremony.
The EAEU, which currently comprises Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, is a new integration association. It started functioning from January 1, 2015 instead of the Eurasian Economic Community (EurAsEC). The former officially ceased to exist on October 10, 2014.
The Treaty on the establishment of the Eurasian Economic Union was signed by the presidents of Russia, Belarus and Kazakhstan on May 29, 2014 in Astana.
The agreement is the basic document defining the accords between Russia, Belarus and Kazakhstan for creating the Eurasian Economic Union for the free movement of goods, services, capital and workforce and conducting coordinated, agreed or common policies in key sectors of the economy, such as energy, industry, agriculture and transport.
The agreement stipulates the transition of Russia, Belarus and Kazakhstan to the next stage of integration after the Customs Union and the common economic space.