On 1 January 2015, the Treaty on the Eurasian Economic Union (EEU), which was signed by the presidents of Russia, Belarus and Kazakhstan, came into force.
Armenia and Kyrgyzstan joined the EEU subsequently.
One of the first business projects aimed at realising the potential of the Eurasian Economic Union was the United Transport and Logistics Company (UTLC), which was established by the railway administrations of the Russian Federation, the Republic of Belarus and the Republic of Kazakhstan in 2014.
The key goals of the UTLC are to:
- implement integration processes on the territory of the Eurasian Economic Union;
- increase the railway industry's volume of transport and revenue in the member countries of the Eurasian Economic Union;
- create optimal conditions for increasing transit freight flows;
- increase the competitiveness of railway routes in Eurasian transport compared to other modes of transport.
In accordance with the business model agreed by the National Company Kazakhstan Temir Zholy, Russian Railways and Belarusian Railways in March 2016, the United Transport and Logistics Company is the operator of rail transit container services between China/South-East Asia and the European Union.
At a meeting of the Supreme Eurasian Economic Council on 26 December 2016, the Presidents of Russia, Armenia, Kazakhstan and Kyrgyzstan signed the Treaty on the Customs Code of the EEU. The Belarusian side signed the agreement on 11 April 2017, thereby completing the signing stage.
The Code will come into force on the date on which the last written notification has been received that the Eurasian Economic Union countries have fulfilled the necessary domestic procedures, but not earlier than 1 July 2017.