Treaty on creation of Eurasian Economic Union to be ratified by Customs Union member states’ parliaments during autumn session

By Vladimir Khromov

Treaty on creation of Eurasian Economic Union to be ratified by Customs Union member states’ parliaments during autumn session

Leonid Slutsky, Chairman of the Commission for CIS Affairs, Eurasian Integration, and Relations with Compatriots of the Russian State Duma, has told journalists that the treaty will be ratified synchronously, on the same day, during the autumn session. As the Chairman of the Scientific Advisory Board of the Parliamentary Assembly of the Union of Belarus and Russia, he notes, “I think the day is not far off when we’ll be able to proudly declare that we live in the Eurasian Economic Union.”

Regarding restrictions and exemptions, he comments that the combination of developed economies within such a powerful regional economic block ‘entails certain development diseases and problems, with exemptions and restrictions unlikely to be resolved immediately’.

The Eurasian Economic Union will acquire a parliamentary dimension and a full-value Eurasian parliament, later gaining a security dimension in the form of the Collective Security Treaty Organisation. A universal information space is planned, including a 24/7 news channel, called Eurasia-24, as suggested by Kazakh President Nursultan Nazarbayev. “Everything will happen in the near future,” stresses Mr. Slutsky.

The presidents of Belarus, Russia and Kazakhstan signed the Treaty to establish the Eurasian Economic Union in Astana, on May 29th, 2014.