Description

The Treaty on the Eurasian Economic Union (EAEU), signed on May 29, 2014, established a regional economic integration organization among Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan. The treaty aims to create a single market with free movement of goods, services, capital, and labor while coordinating economic policies among member states. It provides a legal and institutional framework for customs regulations, trade policies, competition rules, and sectoral cooperation. The EAEU seeks to enhance economic stability, foster industrial and technological cooperation, and strengthen the global competitiveness of its member economies.