| Russia, Belarus, Kazakhstan launch common economic space |
| Last Updated(Beijing Time):2012-01-02 16:09 |
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Russia, Belarus and Kazakhstan launched the Common Economic Space (CES) on Sunday to further promote free movement of goods, capital and workforce within them.
Russia hopes to further transform CES into the Eurasian Economic Union (EEU), a bridge between Europe and the Asia-Pacific region.
Russian President Dmitry Medvedev said on the new year eve that starting CES would open new opportunities for trilateral ties and advance regional integration.
Russia intends to intensify economic integration in the post-Soviet space and expects the EEU, which would be based on the Custom Union and CES, to come into existence by 2015.
The three countries initiated the tripartite Customs Union on July 1, 2010. |
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