The presidents of Russia, Belarus and Kazakhstan plan to sign the Eurasian Economic Union Agreement, which will come into force on January 1, 2015. The Eurasian Economic Union’s establishment will take the three countries’ integration to a new level. The three countries will guarantee free movement of goods, services, capital and labour, and coordinate economic policy in key sectors such as energy, industry, agriculture, and transport. This will complete the formation of the biggest common market in the CIS (170 million people), which will become the central new driver of economic development.
The talks in Astana will also look at practical aspects of the Customs Union and Common Economic Space’s functioning. Also on the agenda is the question of new participants joining the Eurasian economic integration process, in particular, Armenia’s accession to the Eurasian Economic Union Agreement and preparing roadmaps for bringing Kyrgyzstan’s legislation into line with that of the Customs Union and Common Economic Space.