Heads of the Republic of Kazakhstan, Russian Federation and Republic of Belarus signed the Contract about Eurasian economic union and made the corresponding statements.

Nursultan Nazarbayev congratulated people of three countries on the Contract signing and noted that our states unite economic potential for the good of population prosperity. He emphasized that the union is economic and doesn't raise the questions of independence and political sovereignty of the participating states.

 The president of Kazakhstan focused attention on symbolical character of signing of the historical act of Eurasian economic union creation in Astana.

Nursultan Nazarbayev reminded that the initiative about Eurasian economic union creation was for the first time organized by him at M. V. Lomonosov Moscow State University twenty years ago.

Nursultan Nazarbayev noted that the practical embodiment of economic integration already led to positive results.

 - Only for the last five years sales turnover of Kazakhstan with the participating countries of the Customs union grew by 88%, having reached a level of 24 billion dollars. Our export to the partner states on the Eurasian integration increased by 63% and constituted 6 billion dollars. And these are not abstract figures. Behind them – hundreds of concrete enterprises and companies, new lines of interaction between Kazakhstan, Belarusian and Russian partners. These are thousands of new workplaces, stability and growth of profitability of Kazakhstan business having opened new sales markets, - said President of Kazakhstan.

Nursultan Nazarbayev emphasized that integration, as appears from world experience, means long-term stable conditions for economy development and new opportunities for growth of welfare of citizens.

 - We see the Eurasian economic union as the opened economic community which has been organically included into global communications, as the reliable bridge between areas of Europe and growing Asia. Developing the Eurasian integration, we accurately follow through natural stages – a free trade zone, Custom union, Common economic space, - said the Head of the State

The president of Kazakhstan reported that with signing of the Contract about EAES creation of integration association which represents one of the largest consumer markets of a planet is legally issued, is the leading exporter of energy resources. This association is self-sufficient on the key resources guaranteeing independence of the states.

Nursultan Nazarbayev emphasized that essentially new model of neighborliness of people on the space of Eurasia as the base for which act high trust, firm friendship and mutual support of our states is formed.

 The president of Kazakhstan in his speech addressed to youth of three countries.

- The Eurasian economic union is created for you. It gives you advantages to get prestigious education and professional skills in any participating country. Today's event opens new opportunities for future of our countries and first of all for new generations, - said Nursultan Nazarbayev.

The head of the state noted a special contribution to realization of the processes of the Eurasian economic integration of heads of the governments and the central departments of the participating states, members of the Eurasian economic commission, and also experts. He emphasized that signing of the historical document became result of the general work.

- The Eurasian economic union is a new strong mechanism of endless friendship, interaction and neighborliness of our countries. I consider that 29th of May is worthy to enter calendars of memorials of our countries as the Day of Eurasian integration. Once again I congratulate people of our countries, all participants and guests of this ceremony on signing of the Contract about Eurasian economic union, - said the Head of state.

 In his speech V. Putin the President of Russian Federation emphasized that signed contract opens wide prospects for development of economy and increase of citizens welfare of three countries.

- Russia, Belarus and Kazakhstan move to essentially new level of interaction: create general space with free movement of goods, services, capitals and labor. The states of "three" will do coordinated policy in key industries of economy: energy economy, industry, agriculture and transport. In fact, we form the largest and uniform market on space of  Commonwealth of Independent States over 170 million people, with a huge production, scientific and technological potential, enormous natural resources, - said V. Putin.

The president of Russia noted that on the world scene appear new economic organization possessing fully the international right subjectivity and operating on the basis of the principles of the World Trade Organization. He focused attention on mutual benefit of integration processes which already confirmed in practice, including improvement of trade structure, increase of a share of hi-tech goods, strengthening of competitiveness of our countries in world economy.

The president of Belarus Republic A. Lukashenko noted accession of Armenia and Kyrgyzstan to process of the Eurasian integration.

- In turn, Belarus is ready to consecutive and obligatory move on a way of full implementation of the agreements reached during negotiations. Signing of the Contract is not the termination but the beginning of serious process during which we have to prove to ourselves and the whole world that the correct steps took. At the same time, it is necessary that actions on creation of the Eurasian economic union were coordinated to the solution of the questions making considerable impact on mutual trade of member states, - emphasized A. Lukashenko.

At the end of ceremony leaders of three states led informal discussion with representatives of the public of three countries.

***

The basic aspects are reflected in the Contract about Eurasian economic union appropriate to the international organizations, principles of sovereign equality of the states, territorial integrity, and also respect of features of a political system of member states of the Union are recorded.

Besides, the Contract is directed on the solution of tasks on increasing of welfare and quality of citizens’ life of Kazakhstan, Russia and Belarus and provides freedom of movement of goods, services, capital and labor, carrying out the coordinated economic policy. As a whole, the perspective integration effect in the form of a gain of joint gross domestic product by 2030 is estimated in a size about 900 billion dollars.

The Eurasian economic union is formed on principles of equality, expediency, phasing, pragmatism and mutual benefit.