On August 12, the Treaty on the Accession of the Kyrgyz Republic to
the Treaty on the Eurasian Economic Union (the EAEU) came into force. Kyrgystan
has become a full-fledged member of the Union along with Armenia, Belarus,
Kazakhstan and Russia.
Accession of Kyrgyzstan to the EAEU was preceded by major joint
efforts to ensure integration and convergence. In 2014, the road maps for
accession of Kyrgyzstan
to the Eurasian integration project, which would facilitate the
adaptation of its national economy to the EAEU legislation and practices, have
been implemented.
In particular, a whole set of issues
on renovation of customs infrastructure facilities has been
resolved.
On December 23, 2014, the Treaty on accession of the Kyrgyz
Republic to the EAEU was signed at the session of the Supreme Eurasian Economic
Council (the SEEC). On May 8, 2015, at the session of the SEEC, the heads of
the EAEU Member States endorsed two protocols where the terms and conditions,
as well as specific features of the accession of Kyrgyzstan to the EAEU were
defined.
The Union Member States complied with all the internal legal
procedures to ensure that the Treaty becomes effective.
The accession to the EAEU opened up new opportunities for
Kyrgyzstan. No more barriers to the free movements of goods, services, capital
and workforce. The new investment opportunities and prospects to develop major
infrastructure projects, primarily in the energy industry, transportation and
agriculture, are opened up. The citizens of Kyrgyzstan now gain the right to be
employed in any state of the Union on equal terms with citizens of their
employment state.
The accession of Kyrgyzstan gives a new impetus to develop the
Union's potential. The integration association consolidates its position in the
global economic architecture.