Kazakhstan Ratifies Treaty of Accession of Kyrgyzstan to the EEU

On August 4 2015, Kazakhstan has become the last country to ratify the treaty of accession of Kyrgyzstan to the EEU. The document was earlier ratified by the authorities of Armenia, Belarus and Russia.

Following the completion of all interstate procedures, the Kyrgyz government plans to hold a grand opening of the borders with the EEU. The opening ceremony is tentatively scheduled for the end of this week.

The Treaty on the accession of Kyrgyzstan to the EAEC was signed at a meeting of the Supreme Eurasian Economic Council in Moscow in December last year. President of Kyrgyzstan Almazbek Atambayev signed the law on ratification of international agreements with the Eurasian Economic Union on May 22.

The press service of the Eurasian Economic Commission noted that Kyrgyzstan, as a new partner in the Eurasian Union, can expect a number of positive effects from the union, the key attractions named as:

· an increase in turnover due to the removal of barriers and minimizing administrative costs;

· an increase in the mobility of migrant workers due to the country’s accession to the single labor market and to obtaining preferences along with the citizens of the recipient countries.

Kyrgyzstan’s entry into the EEU will also improve the sustainability of economic development by reducing the isolating effect of the economy, increasing the development of infrastructure projects, and upping the country’s participation in shaping the global economic agenda through the mechanisms of the Eurasian Economic Union.

Kyrgyzstan decided to join the Customs Union in the spring of 2011.

Eka Karsaulidze