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Armenia becomes full member of the Eurasian Economic Union

From January 2, 2015, Armenia has become a full member of the Eurasian Economic Union (EAEU). However, the organization will remain represented in the executive bodies without Armenia till the end of 2015, until their term is over.

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Besides, by the end of the year, Armenia will be represented in the EAEU board by three members; they will have a single ballot without assigning certain spheres of control to them. Armenia’s share in custom duties from imports of goods into the EAEU will be 1.13%. At the same time, the share of Belarus will be cut from 4.7% to 4.65%, Kazakhstan’s share from 7.3% to 7.25%, Russia’s share from 88% to 86.97%.

The agreement on Armenia joining the alliance of Russia, Belarus and Kazakhstan was signed in October 2014.

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