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Eurasian Economic Union

Kremlin: Eurasian Economic Union to get observer status at UN General Assembly on Oct 19

The union is holding free trade zone talks with Israel, India, Egypt and Iran

© AP Photo/Seth Wenig

MOSCOW, October 12 /TASS/. Russian president’s aide Yuri Ushakov told journalists on Monday that the Eurasian Economic Union (EAEU) was to obtain an observer status at the UN General Assembly on October 19.

"The EAEU is expected to obtain an observer status at the United Nations General Assembly on October 19," Ushakov said.

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Compromise, not force behind formation of Eurasian Economic Union — Putin

EAEU is holding free trade zone talks with Israel, India, Egypt and Iran

According to the official, the union is holding free trade zone talks with Israel, India, Egypt and Iran.

"The issue of launching such talks [on free trade zones] will also be discussed /at the summit meeting of EAEU states on October 16," Ushakov said.

"I would also like to note that an opportunity of executing a free trade zone agreement with India, Egypt and Iran is examined at the expert level," he added.

EAEU member-nations plans to approve development plan by 2030

Ushakov also noted that the Eurasian Economic Union nations plan to approve main areas and targets of development by 2030 and launch preparation of a common identification system of foreign economic activity participants at the summit on October 16.

"It is planned to approve main areas of economic development of the EAEU," Ushakov said. "This document sets out socioeconomic development targets of the Union’s member-states for a long term until 2030," he added.

"The decision is expected to be taken on establishment of the new working group that will deal with examination of a common system for identification of foreign economic activity participants," the presidential aide said. "I refer to introduction of a customs identification number to be common for the whole Union," he added.

"Implementation of this issue will make possible to standardize requirements to import of goods to the territory of the Union and simplify the customs regulation procedure," the assistant to the president said.

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Foreign policy Eurasian Economic Union

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