of May 29, 2014
About the Eurasian Economic Union
The Republic of Belarus, the Republic of Kazakhstan and the Russian Federation which further are referred to as Parties
based on the Declaration on the Euroasian economic integration of November 18, 2011,
being guided by the principle of sovereign equality of the states, need of unconditional respect for the principle of supremacy of constitutional rights and freedoms of man and citizen,
wishing to strengthen solidarity and to deepen cooperation between the people in case of respect of their history, culture and traditions,
expressing conviction that further development of the Euroasian economic integration is equitable to national interests of the Parties,
movable by the aspiration to strengthen economies of state members of the Eurasian Economic Union and to provide their harmonious development and rapprochement, and also to guarantee strong growth of business activity, the balanced trade and fair competition,
providing economic progress by the collateral actions directed to the solution of the general tasks facing state members of the Eurasian Economic Union on sustainable economic development, comprehensive upgrade and strengthening of competitiveness of national economies within global economy
confirming aspiration to further strengthening of economic mutually beneficial and equal cooperation with other countries, and also the international integration associations and the international organizations,
in view of regulations, rules and the principles of the World Trade Organization,
confirming the commitment to the purposes and the principles of United Nations Charter , and also to other conventional principles and rules of international law,
agreed as follows.
1. This Agreement of the Party establish the Eurasian Economic Union (further - the Union, EEU) within which freedom of movement of goods, the services, the capital and the labor power, carrying out coordinated, approved or single policy in the industries of economy defined by this agreement and international treaties within the Union is provided.
For the purposes of this Agreement concepts which mean the following are used:
"harmonization of the legislation" - the rapprochement of the legislation of state members directed to establishment of similar (comparable) normative legal regulation in certain spheres;
"state members" - the states which are members of the Union and the Parties of this Agreement;
"officials" - the citizens of state members appointed to positions of directors of departments of the Euroasian economic commission and associate directors of departments of the Commission, and also the head of the Secretariat of Court of the Union, deputy managers of the Secretariat of Court of the Union and advisers to judges of Court of the Union;
"common economic space" - the space consisting of the territories of state members on which the similar (comparable) and same mechanisms of regulation of economy based on the market principles and application of the harmonized or unified precepts of law function and exists single infrastructure;
"single policy" - the policy performed by state members in the spheres determined by them provided by this Agreement, assuming application by state members of the unified legal regulation including on the basis of decisions of bodies of the Union within their powers;
"the international agreements within the Union" - the international agreements signed between state members on the questions connected with functioning and development of the Union;
"the international agreements of the Union with the third party" - the international agreements signed with the third states, their integration associations and the international organizations;
"the total (single) market" - set of the economic relations within the Union in case of which freedom of movement of goods, services, the capital and labor power is provided;
"order" - the act adopted by bodies of the Union, having organizational and administrative nature;
"decision" - the act adopted by bodies of the Union, containing provisions of normative and legal nature;
"the coordinated policy" - the politician, assuming implementation of cooperation of state members on the basis of the general approaches approved within the bodies of the Union necessary for goal achievement of the Union provided by this Agreement;
"coordinated policy" - the policy performed by state members in different spheres, assuming harmonization of legal regulation including on the basis of decisions of bodies of the Union, in such degree which is necessary for goal achievement of the Union, provided by this Agreement;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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