ArmInfo. The current agenda of trade and economic relations of the Eurasian Economic Union (EEA) with India was discussed by the Minister for Trade of the Eurasian Economic Commission (ECE) Veronika Nikishina and Indian Minister of Industry and Trade Suresh Prabhu.
The main theme was the preparation of the parties for the start of negotiations on the conclusion of a free trade agreement. The expert meeting, which will determine the main provisions of the forthcoming agreement, is scheduled for early next year. In addition, during the discussion, the opportunities of various platforms for activating the dialogue of business between the countries of the EAEU and India were considered. From the Indian side, an invitation was received to the companies of the Union to take part in the annual business event of the India Partnership Summit in February next year.
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 establishment 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.