Armenia officially joined the Eurasian Economic Union (EEU) and is the forth member of the union, together with Russia, Kazakhstan and Belarus. As part of a deal signed last October, Armenia will have limited representation in the organization until the end of 2015. Three Armenian members will share one vote in the union’s governing body, the Eurasian Economic Commission.
Armenia’s entry into the EEU means it will have to gradually transition to a unified tariff system with the union’s other members, with 2022 set as the deadline for the full transition, TASS reported.
Kyrgyzstan is also set to join the union on May 1.
Source: armenianweekly.com
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