Section II BASIC PRINCIPLES, OBJECTIVES, JURISDICTION AND LAW OF THE UNION

 

Article 3

 

Basic Principles of Functioning of the Union

 

 

The Union shall carry out its activities within the jurisdiction granted by the Member States in accordance with this Treaty, based on the following principles:

 

respect for the universally recognised principles of international law, including the principles of sovereign equality of the Member States and their territorial integrity;

 

respect for specific features of the political structures of the Member States;

 

ensuring mutually beneficial cooperation, equality and respect for the national interests of the Parties;

 

respect for the principles of market economy and fair competition;

 

 

 

ensuring the functioning of the Customs Union without exceptions and limitations after the transition period.

 

The Member States shall create favourable conditions to ensure proper functioning of the Union and shall refrain from any measures that might jeopardise the achievement of its objectives.

 

Article 4

 

Main Objectives of the Union

 

 

The main objectives of the Union shall be as follows:

 

to create proper conditions for sustainable economic development of the Member States in order to improve the living standards of their population;

 

to seek the creation of a common market for goods, services, capital and labour within the Union;

 

to ensure comprehensive modernisation, cooperation and competitiveness of national economies within the global economy.

 

 

Article 5

 

Jurisdiction

 

 

          The Union shall have jurisdiction within the scope and limits determined under this Treaty and international treaties within the Union.

 

          The Member States shall carry out coordinated or agreed policy within the scope and limits determined under this Treaty and international treaties within the Union.

 

          In other spheres of the economy, the Member States shall seek to implement coordinated or agreed policy in accordance with the basic principles and objectives of the Union.

 

 

 

To this end, by decision of the Supreme Eurasian Economic Council, auxiliary authorities may be established (councils of state authorities' heads of the Parties, working groups, special commissions) in the relevant areas and|or the Eurasian Economic Commission may be instructed to coordinate the interaction between the Parties in their respective spheres.

 

 

Article 6

Law of the Union

 

 

1. The Law of the Union shall consist of the following: this Treaty;

 

international treaties within the Union; international treaties of the Union with a third party;

 

decisions and dispositions of the Supreme Eurasian Economic Council, the Eurasian Intergovernmental Council, and the Eurasian Economic Commission adopted within the powers provided for by this Treaty and international treaties within the Union.

 

Decisions of the Supreme Eurasian Economic Council and Eurasian Intergovernmental Council shall be enforceable by the Member States in the procedure provided for by their national legislation.

 

          International treaties of the Union with a third party shall not contradict the basic objectives, principles and rules of the functioning of the Union.

 

          In case of conflict between international treaties within the Union and this Treaty, this Treaty shall prevail.

 

Decisions and dispositions of the Union shall not be inconsistent with this Treaty and international treaties within the Union.

 

 

 

4. In case of conflict between decisions of the Supreme Eurasian Economic Council, the Eurasian Intergovernmental Council, or the Eurasian Economic Commission:

 

decisions of the Supreme Eurasian Economic Council shall prevail over decisions of the Eurasian Intergovernmental Council and the Eurasian Economic Commission;

 

decisions of the Eurasian Intergovernmental Council shall prevail over decisions of the Eurasian Economic Commission.

 

 

Article 7

 

International Activities of the Union

 

 

          The Union shall be entitled to perform, within its jurisdiction, international activities aimed at addressing the challenges faced by the Union. As part of such activities, the Union shall have the right to engage in international cooperation with states, international organisations, and international integration associations and independently or jointly with the Member States conclude international treaties therewith on any matters within its jurisdiction.

 

The Procedure for the International Cooperation of the Union shall be determined by decision of the Supreme Eurasian Economic Council. All matters relating to the conclusion of international treaties of the Union with a third party shall be determined under an international treaty within the Union.

 

          Negotiations on draft international treaties of the Union with a third party, as well as signing thereof, shall be conducted by decision of the Supreme Eurasian Economic Council upon completion of all internal legal procedures by the Member States.

 

 

 

The decision of the Union to give consent to be bound by an international treaty of the Union with a third party, termination|suspension of or withdrawal from an international treaty shall be adopted by the Supreme Eurasian Economic Council upon completion of all required internal legal procedures by the Member States.