Uncategorized EEU Continue Cooperation With US Despite Tensions – Eurasian Economic Commission

EEU Continue Cooperation With US Despite Tensions – Eurasian Economic Commission

Viktor Spassky, the director of the Integration Development Department of the Eurasian Economic Commission (EEC)
Viktor Spassky, the director of the Integration Development Department of the Eurasian Economic Commission (EEC)

The Eurasian Economic Union (EEU) members continue cooperation with US partners despite difficulties on political level, Viktor Spassky, the director of the Integration Development Department of the Eurasian Economic Commission (EEC), told Sputnik Tuesday.

“We continue relations between businesses of our members, and with the United States on bilateral level, and the results in trade are positive,” Spassky said.
Even though the relations with the United States were tense, the cooperation in different areas of economy and between various businesses continued, he added.
Spassky also noted that, according to the 2013 data and the data for first part of 2014, the trade between EEU countries and the United States has seen some positive dynamic.
“Trade between the EEU members and the United States was higher by 12 percent, and import of the union members was higher by 20 percent, and it’s the latest statistics, without any sanctions,” he explained.
Spassky added that the officials were preparing several contracts to be signed in the future once the sanctions imposed by Western countries on Russia were no longer in place.
Eurasian Economic Commission is a permanent supranational regulatory body set up by Russia, Kazakhstan and Belarus to promote the development of the Customs Union and the Single Economic Space.
In May, Russia, Belarus and Kazakhstan signed a treaty on the establishment of the EEU and have already ratified the agreement that will come into force on January 1, 2015. The republics of Kyrgyzstan and Tajikistan have expressed interest in joining the organization. On October 10, EEU leaders signed an agreement on Armenia’s accession to the union.
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