PART ONE

 

ESTABLISHING THE EURASIAN ECONOMIC UNION

 

 

Section I

 

GENERAL PROVISIONS

 

Article 1

 

Establishing the Eurasian Economic Union

Legal Personality

 

 

1. The     Parties     hereby     establish     the      Eurasian     Economic      Union

 

(hereinafter “the Union”, “the EAEU”) ensuring free movement of goods, services, capital and labour within its borders, as well as coordinated, agreed or common policy in the economic sectors determined under this Treaty and international treaties within the Union.

 

2. The Union shall be an international organisation of regional economic integration and shall have international legal personality.

 

 

 

Article 2

 

Terms and Definitions

 

 

For the purposes of this Treaty, the terms below shall have the following meanings:

 

“harmonisation of legislation” means the approximation of legislation of the Member States aimed at establishing similar (comparable) legal regulations in certain spheres;

 

“Member States” means the states that are members of the Union and

 

Parties to this Treaty;

 

“officials” means the nationals of the Member States appointed as Directors of Departments of the Eurasian Economic Commission, Deputy Directors of Departments of the Commission, and the Head of the Secretariat of the Court of the Union, Deputy Head of the Secretariat of the Court of the Union and advisers to judges of the Court of the Union;

 

“common economic space” means the space consisting of the territories of the Member States implementing similar (comparable) and uniform economy regulation mechanisms based on market principles and the application of harmonised or unified legal norms, and having a common infrastructure;

 

“common policy” means the policy implemented by the Member States in certain spheres as specified in this Treaty and envisaging the application of unified legal regulations by the Member States, including on the basis of decisions issued by Bodies of the Union within their powers;

 

“international treaties within the Union” means international treaties concluded between the Member States on issues related to the functioning and development of the Union;

 

 

 

“international treaties of the Union with a third party” means international treaties concluded with third countries, integration associations thereof and international organisations;

 

“single (common) market” means a set of economic relations within the

 

Union ensuring the freedom of movement of goods, services, capital and labour;

 

“disposition” means an organisational and administrative document enacted by the Bodies of the Union;

 

“decision” means a regulatory document enacted by the Bodies of the

 

Union;

 

“coordinated policy” means policy implying the cooperation between the Member States on the basis of common approaches approved within Bodies of the Union and required to achieve the objectives of the Union under this Treaty;

 

“agreed policy” means policy implemented by the Member States in various areas suggesting the harmonisation of legal regulations, including on the basis of decisions of the Bodies of the Union, to the extent required to achieve the objectives of the Union under this Treaty;

 

“employees” means nationals of the Member States employed in Bodies of the Union under concluded employment contracts (agreements), except for the officials;

 

“Customs Union” means a form of trade and economic integration of the Member States envisaging a common customs territory, within which no customs duties (other duties, taxes and fees having equivalent effect), non-tariff regulatory measures, safeguard, anti-dumping and countervailing measures shall be applied to the mutual trade, while applying the Common

 

 

 

Customs Tariff of the Eurasian Economic Union and common measures regulating foreign trade with a third party;

 

“third party” means a state which is not a member of the Union, an international organisation or an international integration association;

 

“unification of legislation” means the approximation of legislation of the Member States aimed at establishing identical mechanisms of legal regulation in certain spheres as specified in this Treaty.

 

Other terms and definitions used in this Treaty shall have the meanings provided for by the relevant Sections of this Treaty and its Annexes.