Armenia enters into the Eurasian Economic Union – RBC

Armenia from January 2, 2015 officially joined the Eurasian Economic Union (EAEC). It is reported by Tass.

In this case, the executive body of the Union until the country will be presented in a truncated part of until the end of their term of office. In college she Eurasian Economic Commission will, like other countries, is represented by three members, but everyone will have only one vote.

The share of Armenia in the amount of customs duties, which will receive from the importation of goods into the territory of the EAEC, the agency estimated at 1.13%. In the service sector of Armenia to join the agreement of members of the union on the same basis and in the field of trade in goods will be provided for a gradual transition to a single tariff EAEC. By 2018 the country will also apply zero tariff rates on gasoline. To the common customs tariff rates country will in 2020.

Armenia signed an agreement to join the Eurasian Economic Union in October 2014. The president of Armenia Serzh Sargsyan intends to sign an agreement before – June 15, 2014. “I understand that the timing is very tight, but in the case of your willingness, I am sure that in two or three days we will be able to find mutually acceptable solutions that will suit us and our partners,” – he said at the summit of the EAEC in May 2014.

Also, the union intends to join Kyrgyzstan. “I am confident that joining the Customs Union is absolutely necessary for Kyrgyzstan, will give impetus to the absolute whole national economy of Kyrgyzstan. We would like the New Year, of course, meet in one association, “- said the President of Kyrgyzstan Almazbek Atambayev.

Treaty establishing the EAEC Russia, Belarus and Kazakhstan signed in Astana in May 2014. “Our union has huge reserves of natural resources, including energy. It accounts for a fifth of the world’s gas reserves and almost 15% of the oil. The countries of the “troika” at the same time, development of industry, industrial base, strong human, intellectual and cultural potential. Geographical location allows us to create a transport, logistics routes not only regional but also global significance to tie themselves ambitious trade flows in Europe and Asia. All this – the key to competitiveness of our association, its dynamic development in a rapidly changing and complex world, “- Putin said at the meeting.

Treaty establishing the EAEC has been ratified by all countries. October 3 corresponding law was signed by President of Russia Vladimir Putin. October 9 – Belorussia. In mid-October, the President of Kazakhstan also signed into law.

Support for Belarus, Kyrgyzstan and Armenia in Russia will cost several billion dollars. So, Belarus in 2014 did not pay to the Russian treasury $ 2 billion under the agreement on the distribution of oil duties. Integration plan Kyrgyzstan EAEC, in turn, will cost $ 500 million – it will create a Kyrgyz-Russian Development Fund with a total capital of $ 1 billion, where 50% of investments in Russia, according to RBC person familiar with the essence of arrangements.

Also in 2009, Russia provided Kyrgyzstan loan for the construction of Kambarata-1 of 1.6-1.9 MW at $ 1.7 billion. At the same time, Kyrgyzstan has received a state loan of $ 300 million and a grant to $ 150 million.