Kazakhstan, Russia and Belarus agree on equal representation in the governing bodies of Eurasian Economic Union – Nazarbayev

March 5, 2014

1006581All disputes arising from the draft treaty on the creation of the Eurasian Economic Union (EEU) should be resolved, said Kazakh President Nursultan Nazarbayev.

“I have carefully read all the documents [relating to the creation of the EEU] and have come to a conclusion that our experts have done a great job. I hope that we will be able to reach consensus on all moot points,” Nazarbayev said at a Wednesday meeting of the Supreme Eurasian Economic Council in Moscow.

The president is quoted in a press release issued by his press office yesterday.

Nazarbayev said that all documents relating to the creation of the EEU should be signed in accordance with the approved schedule.

The EEU creation treaty consists of two parts: institutional and functional.

“The first part deals with the creation of an international economic organization [the EEU]. We have agreed on equal representation of all participating states in the governing bodies of the Union. The same approach will be applied to all other bodies of the Union, including the court. Decisions of the presidents [of Kazakhstan, Russia and Belarus] have to be mandatory for all bodies of the future Union,” said Nazarbayev.

Source: Interfax-Kazakhstan