January 1, the Treaty on the Eurasian Economic Union (EEU) has become effective. The Treaty confirms the creation of an economic union that provides for free movement of goods, services, capital and labor and pursues coordinated, harmonized and single policy in the sectors determined by the document and international agreements within the Union.
The Treaty on the EEU was signed by the Presidents of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation on May 29, 2014, in Astana. Apart from the three states, the Union members will also include the Republic of Armenia that signed Treaty on Accession to the Union on October 10, 2014 and the Kyrgyz Republic that signed similar Treaty on December 23, 2014.
This has been excerpted from a 20 January 2015 news item by the Eurasian Economic Commission and is available in its entirety at:
http://www.eurasiancommission.org/en/nae/news/Pages/01-01-2015-1.aspx