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Eurasian Economic Forum
Recently, India did not attend Shanghai Cooperation Organisation’s (SCO) Eurasian Economic Forum held in China. Consider the following statements about theEurasian Economic Forum:
- The Eurasian Economic Union is an international organization for regional economic integration that came into existence on 1st January, 2014.
- The Member-States of the Eurasian Economic Union are the Republic of Armenia, the Republic of Belarus, the Republic of Tajikistan, the Kyrgyz Republic and the Russian Federation.
Choose the correct answer from the codes given below:
A |
Only 1
|
|
B |
Only 2
|
|
C |
Both 1 and 2
|
|
D |
Neither 1 nor 2
|
Your Ans is
Right ans is D
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- The Eurasian Economic Union is an international organization for regional economic integration. It has international legal personality and is established by the Treaty on the Eurasian Economic Union.
- The Agreement on the Eurasian Economic Union was signed by the presidents of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation on May 29, 2014.This Agreement came into force on January 1, 2015.
- The Member-States of the Eurasian Economic Union are
- The Republic of Armenia
- The Republic of Belarus
- The Republic of Kazakhstan
- The Kyrgyz Republic
- The Russian Federation
Significance
- The Union is being created to comprehensively upgrade, raise the competitiveness of and cooperation between the national economies, and to promote stable development in order to raise the living standards of the nations of the Member-States.
- It provides for free movement of goods, services, capital and labor, pursues coordinated, harmonized and single policy in the sectors determined by the Treaty and international agreements within the Union.
Source: Civil Services Chronicle Online
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