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Supreme Eurasian Economic Council discuss roadmap of Armenia’s accession to Customs Union

Russia, Kazakhstan and Belarus have coordinated the basic principles of the future Eurasian Economic Union (EEU), Russian President Vladimir Putin said, opening a top-level meeting of the Supreme Eurasian Economic Council in Moscow on Tuesday. He hailed the progress made since the last meeting in Minsk two month ago.

“The institutional part of the Treaty on the Eurasian Economic Union has been drafted,” Putin said, the Voice of Russia reports.

He explained that the document specifies the legal status, organizational framework, aims and functional mechanisms of the EEU, which is due to become operational as of January 1, 2015.

“We have fixed the basic principles of the Eurasian integration project,” Putin said.

The key principle is that EEU activities should fully meet the national interests of all its members, he added.

“We are creating the Eurasian Union in order to strengthen our economies and ensure their harmonious development and a closer rapprochement,” the Russian leader said.

The future alliance, Putin said, will make goods produced by its member states more competitive and consequently benefit their wellbeing.

“Now that preparations for the first part of the project are nearly over, it is necessary to focus our efforts on the functional and economic parts,” he said, adding that work in that direction was already under way.

The Supreme Eurasian Economic Council (SEEC) will debate a roadmap for Armenia’s planned accession to the Customs Union, formed by Russia, Belarus and Kazakhstan, at its session on Tuesday.

“Our integration project is interesting and holds appeal for many partners in the CIS due to objective economic reasons. As we know, Armenia and Kyrgyzstan have not only expressed their wish to become its participants, but have already accomplished a significant amount of work in this direction. A roadmap outlining further steps as part of Armenia’s accession will be put up for debate today. A similar document concerning Kyrgyzstan is currently being negotiated,” Russian President Vladimir Putin said at the SEEC session in the Kremlin.

“Our integration project is interesting and holds appeal for many partners in the CIS due to objective economic reasons. As we know, Armenia and Kyrgyzstan have not only expressed their wish to become its participants, but have already accomplished a significant amount of work in this direction. A roadmap outlining further steps as part of Armenia’s accession will be put up for debate today. A similar document concerning Kyrgyzstan is currently being negotiated,” Russian President Vladimir Putin said at the SEEC session in the Kremlin.

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