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The Presidents of Belarus, Kazakhstan and Russia signed a Treaty on the Eurasian Economic Union in Astana

The Presidents of Belarus, Kazakhstan and Russia signed a Treaty on the Eurasian Economic Union in Astana


Following the results of the Supreme Eurasian Economic Council, an official ceremony of signing the Treaty on the Eurasian Economic Union (EAEU) was held in Astana on May 29. The ceremony was attended by the President of the Republic of Belarus Aleksandr Lukashenko, the President of the Republic of Kazakhstan Nursultan Nazarbayev, and the President of Russia Vladimir Putin. In accordance with the Treaty, the Eurasian Economic Union will start functioning from January 1, 2015 onwards.

In their statement for the press, the heads of the states pointed out the positive significance of the EAEU creation for the three countries' economies following the results of the session of the Supreme Eurasian Economic Council. 

The President of Kazakhstan Nursultan Nazarbayev emphasized that "today a new economic reality of the 21st century is being born." According to him, it is quite logical that Astana became a venue for signing of the EAEU Treaty since it was here that an idea to create the Union was born. "It is going to be a chronicle of good-neighborly relations and friendship between Russia, Kazakhstan and Belarus." Twenty years ago, I made public the idea to create a new formation. The idea of a Eurasian integration was supported by Vladimir Putin and Aleksandr Lukashenko. And we started to implement it. To have our joint growth, the potentials of the states have to be united," Nursultan Nazarbayev stated. "Deepening of the Eurasian integration is in the interest of our countries and peoples. One of our major goals is to unite each country's potentials in order to promote joint modernization, growth and competitiveness of our countries," the President of Kazakhstan said. 

He added that the EAEU would enable a long-tern environment for the economic development. "By developing the integration, we are proceeding through a free trade zone - the Customs Union. We will have to show the entire world that our decision is correct. We had very little time to come to today's decision. Huge amount of work has been done, complicated issues have been solved. Now we have the new document ratified by the parliaments of our states, so that the Union would become effective as of January 1, 2015. The day of May 29 shall become a commemorative date - a Eurasian Integration Day," Nursultan Nazarbayev said.

The President of Belarus Aleksandr Lukashenko said that "we are ready to move consistently and steadily along the path of implementation of agreements reached in the course of a very complicated negotiation process." He also pointed out that "so that our joint work in this direction would not slow down, and we would also be persistent in moving along that path since signing of the Treaty is not a completion of the process, but a beginning of a new serious process which the President Nursultan Nazarbayev just spoke about. The process where we will have to prove to ourselves, our peoples and the whole world that we have made correct steps in this direction".

The President of Russia Vladimir Putin pointed out that "it is in Kazakhstan, its capital city, that the Treaty is being signed, because Nursultan Nazarbayev was at the very outset of the idea to create a Eurasian Union and, I remember, he was the first one who voiced it in his speech at the Moscow State University back in 1994." He added: "Russia, Belarus and Kazakhstan are shifting to a fundamentally new level of cooperation; they are creating a new space with free movement of goods, services, capital and labor. The ‘troika’ states will pursue a well-coordinated policy in key economy branches, such as energy, industry, agriculture and transport. In essence, we are forming the largest single market in the CIS space (over 170 million people) with a huge industrial, scientific and technological potential and great natural resources." The head of the Russian state emphasized the importance of the idea that "delegation of certain powers to supranational authorities of the Union will have no negative impact whatsoever on the sovereignty of our countries."