Kazakh parliament’s lower house ratifies agreement on Armenia’s joining EAU Treaty
Astana, Kazakhstan, Dec.18
By Daniyar Mukhtarov - Trend:
Majlis (lower house) of Kazakh parliament approved the draft law 'On ratification of the agreement on Armenia's joining the Treaty on the Eurasian Economic Union (EAU) dated May 29, 2014' at the plenary meeting on Dec.18, press service of Majlis said.
Kazakh Minister of National Economy Yerbolat Dossayev reminded that the agreement on Armenia's joining the EAU was signed by the presidents of Armenia, Belarus, Kazakhstan and Russia in Minsk on Oct.10, 2014.
Once the agreement enters into force, Armenia will become a member of the Eurasian Economic Union and undertake obligations envisaged in the Treaty on EAU and the legal framework of the Customs Union and EAU.
The reference materials distributed during the meeting said that Kazakhstan's trade turnover with Armenia is equal to $7 million.
In connection with Armenia's joining EAU, negotiations will be held with World Trade Organization (WTO) members on changing Armenia's tariff commitments in accordance with WTO rules.