Azernews.Az

By Aynur Jafarova

The agreement on the establishment of the Eurasian Economic Union (EEU) envisages its participants' aims to further strengthening economic cooperation with other countries and international integration organizations.

These remarks were made by heads of diplomatic missions of Belarus, Kazakhstan and Russia in Uzbekistan at a joint press conference held on June 25 in Uzbek capital Tashkent. The conference was focused on the signing of an agreement on the establishment of the EEU.

In his remarks, Kazakh Ambassador Boribay Zheksembin said joining of markets of Kazakhstan, Belarus and Russia will create new incentives for Uzbek businessmen and become an additional impetus to the development of the Kazakh-Uzbek trade and economic cooperation.

Russian Ambassador Vladimir Turdenev said the agreement will bring the interaction of Belarus, Kazakhstan and Russia to a new level and fully preserve the national sovereignty of the three countries.

Touching on conditions of joining the organization, he noted the EEU is open to any country that shares its aims and principles.

Kazakhstan, Belarus, and Russia signed an agreement on the establishment of the Eurasian Economic Union (EEU) on May 29.

The agreement consists of four large sections, including about 1,000 pages, 28 chapters, 118 articles and 32 applications.

The first article of the agreement specifies that the union is an international organization that focuses on regional integration.

The main conditions to join the organization are: having unified tariffs and technical regulations, harmonizing labor and immigration legislation and establishing a unified banking system.