The Eurasian Economic Community (EURASEC) was put into motion on the 10th October 2000 when Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the treaty. EURASEC was formally created when the treaty was finally ratified by all five member states in May 2001.

During May 2002, Moldova and Ukraine gained observer status within EURASEC.

Aims

The aims of EURASEC include:

• Full-scale customs union and common market.
• Harmonisation of customs tariffs.
• Development of common guidelines on border security.
• Establishment of the general rules of trade in goods and in services and of their access to the domestic markets.
• The introduction of the standardised currency exchange regulation and of currency control.
• Development and the implementation of the joint programs of social and economic development.
• Creation of equal conditions for the production and owner's activity.
• The formation of the common market for transport services and united transport system.
• The formation of general energy market.
• Equal rights for citizens of participating states to obtain medical aid.
• Equal rights for citizens of participating states to enter into higher education.
• Rapprochement and the harmonisation of national legislation.

Institutional Framework

• Intergovermental Council
• Integrated Committee
• Secretariat
• Commission of the Permanent Representatives
• Interparliamentary Assembly
• Law Court of the Association

External links

• Eurasian Economic Community Website