Armenia Joins Eurasian Economic Union

According to recent reports, Armenia joined the Eurasian Economic Union (EEU) on 2 January 2015, following the recent completion of the ratification procedures for the country's accession to the EEU treaty. The EEU is a single market with no customs control and a zero VAT rate. It effectively replaces the Eurasian Customs Union formed in 2007.

Armenia joins Belarus, Kazakhstan and Russia, which had ratified the EEU treaty in October 2014, but will have limited representation in the organizat…