Some EurAsEC regulations might be used by Customs Union

MINSK. October 24. KAZINFORM The presidents of the Customs Union member states deem it necessary to preserve part of the EurAsEC legal framework, President of Kazakhstan Nursultan Nazarbayev said at the session of the Supreme Eurasian Economic Council on 24 October, BelTA has learnt.

According to Nursultan Nazarbayev, the EurAsEC that will cease to function on 1 January 2015 signed several dozens international treaties related to the members of the Customs Union. The President of Kazakhstan suggested extending their validity, adjusting to the Customs Union or signing them anew.

"The question is what to do with the members of the organization (the EurAsEC - BelTA's note) that includes Kyrgyzstan and Tajikistan. We need to negotiate it. Maybe, they will be observers, if we do not want to define their status. This organization (the EurAsEC - BelTA's note) should be disbanded for sure," Nursultan Nazarbayev believes, BelTA reports.

According to Russian President Vladimir Putin, a lot has been done recently in the integration union in terms of codification and improvement of the legal framework. "All this should make the basis of the Eurasian Economic Union," the President of Russia said.

Speaking about the future of the EurAsEC, Vladimir Putin agreed with the position of President of Kazakhstan and urged against losing the legal foundation on which the Customs Union and other organizations stand. "We can do what Nursultan Nazarbayev has suggested: to adopt part of the legal framework or re-sign it and include in the legal framework of the Customs Union. We cannot just eliminate it (the EurAsEC), because in this case we will undermine the legal foundation of the Customs Union," the Russian President said.