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Armenia may join Customs Union in 2014

March 06, 2014, 20:47 UTC+3 MOSCOW
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MOSCOW, March 06. /ITAR-TASS/. Armenia may join the Customs Union of Russia, Belarus and Kazakhstan in 2014, Viktor Khristenko, chairman of the Eurasian Economic Commission’s Board, said on Thursday, March 6.

“I think the accession of Armenia will be legally formalized in 2014,” Khristenko said.

Preliminary results of implementation by Armenia of the roadmap for accession to the Customs Union were reported to the presidents of the member states at a meeting of the Eurasian Economic Commission on March 5.

“Over the two months that have passed since the December summit, and we can say that Armenia has made great headway in implementing the roadmap ahead of schedule. I feel optimistic about the possibility and ability of Armenia to implement the 260-point roadmap and the amount of work to be done before admission,” Khristenko said.

The Customs Union between Russia, Belarus, and Kazakhstan was established on December 19, 2009, in Almaty, Kazakhstan, where the leaders of the three states - Dmitry Medvedev, Alexander Lukashenko, and Nursultan Nazarbayev - signed the Joint Statement on its founding. The first phase of the Customs Union’s functioning began on January 1, 2010, with the introduction of a uniform customs tariff.

The Customs Union’s highest bodies are the Interstate Councils of the heads of states and governments of its members. Its joint permanent governing body is the Customs Union Commission.

The Customs Union formation envisages creation of a common customs territory where no customs duties or economic restrictions will apply, save for special protective, anti-dumping and compensatory measures. Within the Customs Union, a uniform customs tariff and other uniform measures regulating the commodity trade with third nations will be applied.

The Eurasian Economic Commission is a supranational body of the Common Economic Space created by Russia, Belarus and Kazakhstan. The Common Economic Space has been operating since the start of 2012. A supranational regulatory body - the Eurasian Economic Commission - has been created and has become operational. It will take over the function of further deepening of integration.

Russia, Belarus and Kazakhstan signed the Agreement on the Eurasian Economic Commission on November 18, 2011. The Commission started working on January 1, 2012.

The Commission coordinates integration processes within the Customs Union and the Unified Economic Space.

The Commission has a Council made up of deputy prime ministers, which will carry out overall supervision of integration processes, and a Board, a working body to which all member states will delegate their representatives.

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