Eurasian Economic Community

Topics: European Union, Russia, Commonwealth of Independent States Pages: 4 (996 words) Published: December 15, 2012
The Eurasian Economic Community (EurAsEC) is an international economic organization, which targets to create in its member states (Belarus, Kazakhstan, Kyrgyzstan, Russian Federation, Tajikistan and Uzbekistan) the common customs area, common external economic policy, tariffs, prices, and other components of the common market’s functioning. The Treaty on the establishment of the Eurasian Economic Community was signed on 10 October 2000 in Astana. On 31 May 2001 after the treaty’s ratification by its all member states, the heads of Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan announced the beginning of the functioning of new international organization. The establishment of the EurAsEC became first of all the logical end of the process of the organizational-legal unification of the five member countries of CIS, chosen the road of deep and dynamic integrаtion in economic area. Among the principal tasks of the Community are:

* completing the formalization of a free trade regime in all respects, creating a unified customs tariff and a unified system of non-tariff regulation measures; * laying down the common rules for trade in goods and services and their access to external markets, * introducing a unified procedure for foreign exchange controls; * creating a common unified system of customs regulation; * drawing up and implementing joint programs of economic and social development; * creating equal conditions for production and entrepreneurial activities; * forming a common market for transportation services and a unified transport system; * forming a common energy services market;

* creating equal conditions for access by foreign investment to the sides' markets; * giving the citizens of the Community states equal rights in receiving education and medical assistance throughout its territory; * converging and harmonizing national legislation;

* ensuring the coordination of the legal systems of the EurAsEC states with a...
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