Tuesday, October 3 2017 09:32

ArmInfo. A joint statement of the Eurasian Economic Commission (EEC) and the Ministry of Commerce of the People's Republic of China on the principled completion of the negotiations on the Agreement on Trade and Economic Cooperation was signed on October 1 in Hangzhou (China).

On behalf of the Chinese side, the Minister of Commerce of the People's Republic of China, Dzhun Shan, signed the document on behalf of the Eurasian Economic Union (EAEC) - member of the ECE Trade Board (Minister), head of the negotiating delegation of the EAEA Veronika Nikishina. The Union and China agreed that in the shortest possible time they will carry out legal and technical editing of the text of the agreement, after which they will start implementing the necessary internal procedures for signing the document.

 

The Eurasian Economic Commission, a permanent supranational regulatory body of the Eurasian Economic Union, began its work on February 2, 2012. The ECE includes representatives from Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Decisions of the Commission are binding for execution in the countries of the Union. Chairman of the Board of the Eurasian Economic Commission - Tigran Sargsyan.  The treaty on the creation of the Eurasian Economic Union was signed on May 29, 2014, entered into force on January 1, 2015. The Union ensures the freedom of movement of goods, services, capital and labor, the conduct of a coordinated, coordinated or unified policy in various sectors of the economy. The purpose of the Union is to provide conditions for the stable development of the economies of the member states in the interests of raising the standard of living of their people, comprehensive modernization, cooperation and increasing the competitiveness of national economies. The Supreme Eurasian Economic Council is the supreme body of the Union, which includes the Presidents of the Member States. The Eurasian intergovernmental economic council is a body composed of heads of governments of member states. The Council of the Eurasian Economic Commission is a body composed of vice-premiers of the member states.  In accordance with the annual rotation in 2017, the organs of the Union are chaired by Kyrgyzstan.  President of Kyrgyzstan Almazbek Atambaev is chairman of the Supreme Eurasian Economic Council.