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by The Community of Eurasian Economic Community. . 36 reads.

Treaty Establishing The Eurasian Economic Community

Text Edition
Issue: 27 April 2024

Treaty on the establishment of the
Eurasian Economic Community

(EEC 001)


Issued by:
Legal Service of the Secretariat of the Eurasian Economic Community

Preamble

The Member States of the Eurasian Economic Community, hereinafter referred to as "the Parties,"

Recognising the importance of fostering economic cooperation and integration among the nations of the Eurasian region,

Determined to enhance trade, investment, and economic development within the Eurasian Economic Community,

Desiring to create a framework for cooperation that promotes the sustainable development of the region,

Hereby agree to establish the Eurasian Economic Community in accordance with the following provisions:

Article I: Establishment of the Eurasian Economic Community

  1. The Parties hereby establish the Eurasian Economic Community (EEC) as a regional trade bloc encompassing the nations of the Eurasian region.

  2. The EEC shall serve as a platform for promoting economic cooperation, trade facilitation, investment, and sustainable development among its Member States.

Article II: Objectives

The objectives of the Eurasian Economic Community shall include, but not be limited to, the following:

  1. Facilitating the free movement of goods, services, capital, and labor among Member States.

  2. Promoting economic integration and harmonization of policies in key sectors such as trade, industry, agriculture, energy, and transportation.

  3. Enhancing competitiveness and productivity to foster economic growth and development within the region.

  4. Strengthening cooperation in areas such as research and innovation, technology transfer, and human capital development.

  5. Fostering sustainable development and environmental protection in accordance with international standards and agreements.

Article III: Membership

  1. Membership in the Eurasian Economic Community shall be open to sovereign states within the Eurasian region that share the objectives and principles of the Community.

  2. Any sovereign state desiring to become a Member of the EEC shall submit a formal application to the Secretariat, which shall be considered by the Member States.

  3. Admission to the EEC shall be based on consensus among the Member States and subject to the fulfilment of membership criteria as determined by the Community.

Article IV: Associate Membership

  1. Associate Membership in the Eurasian Economic Community shall be open to sovereign states both within and outside the Eurasian region.

  2. Associate Members shall have limited obligations under this Treaty, as determined by the Community, and may not have voting rights in the decision-making bodies of the EEC.

  3. Associate Members shall have access to certain benefits of the EEC, including preferential trade agreements and cooperation in specific areas of mutual interest.

Article V: Institutional Framework

  1. The Eurasian Economic Community shall establish institutional mechanisms to facilitate cooperation and decision-making among Member States.

  2. The principal organs of the EEC shall include the Council of Heads of State or Government, the Council of Ministers, the Secretariat, and any other bodies deemed necessary for the effective functioning of the Community.

  3. Each Member State shall have representation in the decision-making bodies of the EEC, with decisions made by consensus unless otherwise specified in this Treaty.

Article VI: Trade and Economic Cooperation

  1. The Member States shall endeavour to eliminate barriers to trade and create a conducive environment for investment within the Eurasian Economic Community.

  2. The EEC shall establish a common market with the aim of facilitating the free movement of goods, services, capital, and labour among Member States.

  3. Member States shall cooperate in the development of infrastructure, transportation networks, and customs procedures to enhance trade facilitation and connectivity within the region.

Article VII: Dispute Settlement

  1. The Parties shall seek to resolve any disputes arising from the interpretation or implementation of this Treaty through dialogue and negotiation.

  2. In the event that a dispute cannot be resolved through negotiation, the Parties may resort to mediation, arbitration, or other peaceful means of dispute settlement as agreed upon by the Parties.

Article VIII: Amendments

  1. Amendments to this Treaty shall be made by consensus among the Member States and shall enter into force in accordance with the procedures established herein.

  2. Any Member State may propose amendments to this Treaty, which shall be considered by the Council of Ministers.

Article IX: Entry into Force and Withdrawal

  1. This Treaty shall enter into force upon ratification by all signatory Member States.

  2. Any Member State may withdraw from this Treaty by providing written notice to the Secretariat. Withdrawal shall take effect one year after the date of receipt of such notice.

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