Euroasian Economic Community (EurAsEC)
Euroasian Economic Community (EurAsEC) is the international economic organization, authorized for functions, concerned with the forming of common external customs frontiers of the states - founders (Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan) and for the elaboration of common external policy, common tariffs, prices and other components of common market.
EurAsEC is the assignee of the Customs Union, created in accordance with the principles of the UN and international legislation. In 2003 EurAsEC has obtained the status of observer in the UN General Assembly.
The Constitutive Treaty of the EuroAsian Economic Community was signed on October 10, 2000 in the capital of Kazakhstan, Astana, by Presidents of Belarus, Kazakhstan, Kyrgyz Republic, Russia and Tajikistan. In May, 2002 on the governments' request Moldova and Ukraine have got the status of observers in EurAsEC.
On October 6, 2005, at the Summit of the "Central Asian Cooperation Organization (CACO)" the decision on joining the CACO with the EurAsEC initiated by the president of Uzbekistan was made by the heads of the member states of CACO in order to facilitate economic integration and development in Eurasia.
EurAsEc is an open organization. Any state, which accepts the obligations, stated in the Constitutive Treaty of the EuroAsian Economic Community and the list of other agreements within EurAsEC, determined by the Interstate Council, can become the member of EurAsEC.
The purposes and objectives of Community:
EurAsEC was created to enforce the processes of formation of Common Economic Area by the states-members of the Customs Union, and to coordinate their approaches of integration into the world economy and international trade system.
One of the major goals of the EurAsEC activities is to provide the dynamic development of the member countries through coordinating socio-economic reforms with efficient use of the countries' potentials in order to improve living standards of the population.
The main goals:
- Completion of the free trade regulations issuance, formation of common tariffs and the common system of non-tariff regulations;
- Introducing the unified rules and regulations for trade with goods and services, and the their access to domestic markets;
- Introducing the common and unified currency regulation and control;
- Establishment of the common customs regulation system;
- Elaboration and implementation of joint programs of socio-economic development;
- Providing equal conditions for conducting production and business activities;
- Formation of common market for transportation services and the common transport system;
- Formation of the common power market;
- Providing equal access for foreign investments to the markets of the countries;
- Ensuring equal to education and medical care access of the citizens of the member-states;
- Harmonization of the national legislations;
- Ensuring interaction among the member states legal systems in order to establish the common legal environment within the Community.
Transport;
Power industry;
Labor migration;
Agro industrial complex.
- The Interstate Council
- The Integration Committee
- The Secretariat
- The Commission of Resident Representatives
- The Inter-parliamentary Assembly
- The Court of Justice of the Community.
The Subsidiary bodies:
A number of councils and committees are operating within the Community:
- The Agro industrial Policy Council;
- The Frontier Issues Council;
- The Council of ministers of justice;
- The Council of the Heads of Tax Administrations;
- The Council of the Heads of Regulation Bodies of securities markets;
- The Council of the Heads of Central (National) Banks of the states- members of The Community;
- The Council of the Heads of Supervision Bodies of Insurance Markets;
- The Council of the Transportation Policy;
- The Council of the Energy Policy;
- The Council of the Nostrification;
- The Council of Social Policy;
- The Council of the Heads of Customs Services;
- The Committee for Tariff and Non-Tariff Regulations;
- The Committee for Interaction in Export Regulations;
- The Committee for Technical Control, Sanitary, Veterinary and Phytosanitary Measures in Trade;
- The Committee for Domestic Market Protection.
The Association "Business Advisory Council" was established in April 2002 acoording to the initiative of the Secretariat of EurAsEC. The founders of the Association were the Camber of Commerce and Industry of Russia, the Russian Union of industrialists and entrepreneurs and the Association of Financial and Industrial Group in Russia.
Civil Rights of citizens of the member states of EurAsEC:
The Order of granting Citizenship
The Order of Traveling through the Territory of the member states of EurAsECge
- Unification of national legislation of the member states of EurAsEC,
- Equal condition for participants,
- The whole range of duty free goods on the territory of the EurAsEC member countries,
- Reduction of freight costs.
The territory of the member states of EurAsEC is more than 20 350 ths. Km, and the total population of the countries of EurAsEC is over 181 mln people.
Analytics on EurAsEC:
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