18 November 2011, 09:22

Russia, Belarus, Kazakhstan to sign declaration on economic integration

Russia, Belarus, Kazakhstan to sign declaration on economic integration

The Presidents of Russia, Belarus and Kazakhstan- Dmitry Medvedev, Alexander Lukashenko and Nursultan Nazarbayev are due to sign a declaration on Eurasian economic integration in Moscow today in what will amount to a transition to the next stage of integration, namely the creation of a Single Economic Area that will prove open for other countries.

The Presidents of Russia, Belarus and Kazakhstan- Dmitry Medvedev, Alexander Lukashenko and Nursultan Nazarbayev are due to sign a declaration on Eurasian economic integration in Moscow today in what will amount to a transition to the next stage of integration, namely the creation of a Single Economic Area that will prove open for other countries.

The Single Economic Area means a retail trade turnover of 500 billion dollars and industrial production to the tune of 1 trillion dollars. The three Presidents will also consider a Treaty on a Eurasian Economic Commission, - a new integration body that should start operation as of January 1st 2012.

The Declaration proclaims as the end objective the creation of a Eurasian Economic Union with a common political, economic, military, customs and humanitarian area.

(Vesti)

  •  
    and share via