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The Treaty on the Eurasian Economic Union signed in Astana in May 2014 by the Presidents of Belarus, Kazakhstan and Russia (the “Treaty”), has now been ratified by the Parliaments of these countries. It will come into effect on 1 January 2015.
The Treaty will substitute numerous agreements previously concluded between the three Customs Union member states, including among other things some of the agreements regulating general issues in the field of intellectual property (“IP”). The Treaty, however, will not supersede all existing agreements or acts, and some, such as the Customs Code of the Customs Union, will remain in effect after 1 January 2015.