Belarusian MPs ratify EEU Treaty

 
        Belarusian MPs ratified the Treaty on the Eurasian Economic Union.
The document is divided into four parts. It has been prepared by means of codification of the treaties constituting the legal framework of the Customs Union and the Single Economic Space and some provisions of the legal framework of the Eurasian Economic Community. The treaty regulates the issues that were previously part of the legal framework of the Single Economic Space and also includes the issues in the areas of macroeconomic policy, monetary policy, trade in services, investment, financial markets, taxation, competition, natural monopolies, energy, transport, government procurement, intellectual property, industry, agricultural industry, labor migration.
      At the Belarusian Parliament the document was presented by Belarus representative in the Council of the Eurasian Economic Commission Siarhei Rumas:
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     “This agreement and this Union are of extreme importance. Belarus as a small country can have some difficult times surviving in the age of globalization. Now we are entering into a union with two other countries and get access to the market of 170 million people, stretching from the Belarusian-Polish border to the border of Kazakhstan with China. It is a huge potential, and today we agree to a free movement not only of goods, as we had in the Customs Union before, but also of capital, workforce and services.”