Kazakhstan Chamber of Commerce in the USA

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Kazakhstan joins EAEU Free Trade Agreement 0

Posted on March 15, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Kazakhstan has become the latest member of the Eurasian Economic Union (EAEU), having ratified the agreement between the EAEU member states and Vietnam on Wednesday.

This free trade agreement between Europe and Asia is similar to the North American Free Trade Agreement (NAFTA) and was reached last year on 29 May 2015. However, it has taken until now for the Kazakh government to ratify the agreement. The treaty allows for duty-free trade between the EAEU member countries, Vietnam, and now Kazakhstan.

The Kazakh Economy Ministry had previously outlined its priorities in implementing the trade agreement. Chief among its interests was the exportation of food products, including flour, grain, alcohol, dairy products and beef.

Eurasian Economic Union 0

Posted on August 24, 2015 by KazCham

PwC Kazakhstan

Free trade zone agreement between Vietnam and the EEU The agreement signed on 29 May 2015 contemplates a decrease in import customs duties, obligations to protect intellectual property, collaboration in electronic commerce and state procurement and unified principles for competition. The agreement will take effect 60 days after being ratified by all EEU members and Vietnam.

Free trade zone agreement between the India and the EEU In June The EEU and India signed a statement to consider a free trade zone agreement.

The EEU has received proposals to sign FTAs from over 30 countries and regional associations.

Mutual access to national stock exchanges in the EEU In June Mr. Timur Suleimenov, the Minister of Economy and Financial Policy of the EEC, stated that participants of the EEU will provide mutual access to national stock exchanges in 2016. This should encourage integration of financial markets and encourage new joiners.

Kyrgyzstan becomes a full member of the Eurasian Economic Union 0

Posted on August 15, 2015 by KazCham

Colibri Law Firm

Kyrgyzstan’s agreed accession to the Eurasian Economic Union came into force on 6 August, with the country becoming the fifth full member of the Eurasian Economic Union (EAEU) and joining existing members Armenia, Belarus, Kazakhstan and Russia.

Kyrgyzstan’s accession to the Eurasian Economic Union was signed on 8 May in Moscow at the session of the Supreme Eurasian Economic Council. The protocol regarding the terms and transitional provisions for its accession was also signed.

Kyrgyz Prime Minister Temir Sariyev has said that he expects the republic to gain a number of advantages in terms of economic development, particularly the free movement of capital, goods, labour and resources.

Kyrgyzstan – Economy 0

Posted on May 19, 2015 by KazCham

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MAY 21 2015 (SRI) – Kyrgyz President Almazbek Atambayev on Thursday signed into law Kyrgyzstan’s asseccion into the Kremlin-led Eurasian Economic Union. Mr Atambayev said that joining the trade and economic group was in Krygyzstan’s national interests.

ENDS

Copyright — Silk Road Intelligencer (SRI) 2015

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