YEREVAN. – From January 2 Armenia became a full member of the Eurasian Economic Union that also comprises Russia, Belarus and Kazakhstan.
Till the end of 2015 Armenia will be represented by three members sin the Eurasian Economic Commission. They will have one vote without assigning them spheres of competence.
Armenia’s share in customs duties will make 1.13 percent, while the share of Belarus will reduce from 4.7 percent to 4.65, that of Kazakhstan from 7.3 percent to 7.25, and Russia’s from 88 percent to 86.97.
As regards services, Armenia joins the agreement of members of the EEU on a common basis, while on trade a gradual transition to the Common Customs Tariff is provided.
Up to 2022 Armenia will be able to apply different rates from the EEU customs duties on a number of products, including meat and meat products. Until 2020 a separate tariff for some types of dairy products, eggs, honey will be applied for Armenia, and for some types of fruits and nuts till 2019.
In addition Armenia will use zero customs rates for gasoline till 2018.
In connection with the accession to the Eurasian Economic Union, Armenia will begin negotiations with the World Trade Organization (WTO) members to change their obligations under the WTO.