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Mikhail Myasnikovich announced priorities for the EEC's work

Mikhail Myasnikovich announced priorities for the EEC's work


At a meeting of the Eurasian Economic Commission's Board on February 3, Mikhail Myasnikovich, Chairman of the Board, outlined the priorities of his work in the Commission.

Mikhail Myasnikovich congratulated the reshaped EEC Board on the commencement of its work and noted that the Eurasian Economic Union was entering the next phase of its development characterized by particular features.

“First of all, exactly as stipulated by the Treaty on the Union and decisions by the Heads of the Union States, genuinely operating common markets should be formed by 2025. We must be fair-minded: at present, more effective measures should be taken in this direction,” the Chairman of the EEC Board said.

The second task outlined by Mikhail Myasnikovich includes the finalization of the Strategic Directions for Developing the Eurasian Economic Integration until 2025 and submitting the document to the Supreme Eurasian Economic Council's meeting. The Head of the EEC Board recalled that this work should be carried out taking into account the Address by Alexander Lukashenko, President of the Republic of Belarus, who chairs the SEEC in 2020, as well as analyzing whether other instructions by the Heads of the Union States are fully complied with.

The third task is to ensure the growing international authority of the Union. 

“We have to contribute to significantly increasing the share of the Eurasian Economic Union in the world's GDP and international trade. Currently, these indicators are quite humble. The level of integration of the EAEU and the global Chinese Belt and Road Initiative, for example, is insufficient,” Mikhail Myasnikovich stated. "It is necessary to take several decisions to strengthen the international legal personality of our organization. I am confident that shortly the Eurasian Economic Union will become an efficient international association, the center of economic power, whose opinion will be respected in the world.”

The fourth task is to ensure benefits from mutual trade for the Union countries. We have not eliminated the cases of introducing new obstacles by the countries, and the Commission's task is to improve the mechanisms for monitoring the Union's law and fully implement it.

“We must prepare convincing materials on the problems and losses caused by these obstacles and unilateral decisions of the participating countries that contradict the rules of internal trade. We need a systemic connection with the business of the Union participating countries and foreign partners. Thus, we will strengthen the overall trust towards the integration,” the Head of the EEC Board said.

Mikhail Myasnikovich emphasized that “the common infrastructure platform, including transport and the fuel and energy complex, should be the efficient supporting framework for the Union.” The Union will develop steadily provided that joint cooperation projects and enterprises, including Eurasian transnational companies, are going to be created. 

“Joint infrastructure projects and Eurasian transnational corporations will enable us to achieve the main result - to make the integration process irreversible and requiring less administrative resources. Economic policy, at its core, should promote the national economies' complementarity both in the sphere of production baseline and in the creation of hi-tech processing industries. If there is interest in a joint business, then there will be a sustainable construction of the EAEU. Equal economic terms and unconditional observance of unified technical and regulatory measures will not derogate national sovereignty, but, on the contrary, strengthen our countries' position. I rely upon a coordinated work of our strong team,” Mikhail Myasnikovich summed up.

He added that it was necessary to raise compliance standards in the EEC and the overall staff performance of the Commission's units. Furthermore, he deemed it necessary to increase responsibility for the results of ongoing scientific research and digital economy projects. 

Mikhail Myasnikovich called upon the Board members to pay priority attention to preparing projects in the real sector of the economy and intensifying work on the formation of the EAEU common financial market.

“Practical actions should be taken to boost national economies and increase the welfare of citizens in the States of our Union through new development trends. It is essential that we listen to and hear the problems and proposals of the business and citizens of the Union,” the Head of the EEC Board stated.

In addition, he drew attention to some problematic issues. In particular, he expressed concern about the goods marking system and improper importation of goods, including breach of preferential application of duties. He instructed to analyze these issues and report to the Board as soon as possible.

“I took office in the Board eager to fulfill the key tasks of integration. We should be active and convincing in our actions,” Mikhail Myasnikovich concluded.​