Eurasian Economic Commission

The Eurasian Economic Commission (EEC) is the permanent regulatory body of the Eurasian Economic Union (EAEU). It started work on February 2, 2012. The main purpose of the Eurasian Economic Commission is ensuring the functioning and development of the EAEU, and developing proposals for the further development of integration. Currently there are fiv... e EEC countries: The Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic and the Russian Federation. The EEC has supranational regulatory body status and its activity is guided by the interests of the participating countries of the Eurasian Economic integration project in general, not motivating its decisions by any interests of national Governments. Decisions of the Commission are obligatory for execution on the territory of the EAEU Member States. The basis of the decision to establish the EEC lies in the understanding that the five countries together will not only be able reduce the negative impacts of global instability, but also actively position themselves in foreign markets. The Eurasian Economic Union is open to other States that share the goals of this Association and are ready to assume the required obligations. The most important feature of the Commission lies in the fact that all decisions are based on a collegial basis. The Board of the Eurasian Economic Commission consists of 10 members (2 Members (Minister) from each Member State), one of whom is the Chairman of the Commission Board. The Chairman of the Board and the members of the Board are appointed for a term of 4 years by the decision of the Supreme Eurasian Economic Council at the level of Heads of State with a possible extension of term of office. The Members of the Board adopt decisions by voting. The EEC's activities are divided into functional areas that are supervised by members of the Board (Ministers). Each area is a block from the industrial and economic sectors. The Members of the Board and EEC departments interact with the authorised national ...Read More