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EEC Minister Timur Zhaksylykov: "Regulatory impact assessment enables hearing the business’ voice when forming the EAEU supranational regulation"

EEC Minister Timur Zhaksylykov: "Regulatory impact assessment enables hearing the business’ voice when forming the EAEU supranational regulation"

3/18/2020


The EEC Board has reviewed the annual report on monitoring the regulatory impact assessment (RIA) of the Commission's draft decisions in 2019.


The share of the RIA positive determinations for the EEC draft decisions in 2019 has attained a maximum for the entire five-year monitoring period – 86.5%. This situation confirms the overall focus of the EEC's work on simplifying the business environment.

The report also informs that in 2019, in the context of improving the RIA procedure, the organizational opportunity has been created for conducting this procedure on the initiative of the Eurasian Economic Union countries in relation to draft international treaties within the EAEU that affect business.

Moreover, the report provides information on the outcomes of a pilot project implemented by the Commission on assessing the actual impact of the decisions adopted by the EEC, the implementation of which enabled starting gradual covering the entire life cycle of supranational regulation within the EAEU by assessing the impact on business environment.

“The 80 percent increase in the amount of proposals received during public discussion recorded last year is indicative of intensive involvement of business entities in the RIA as well as increase in demand for this procedure by the EAEU countries’ business”, - mentioned Timur Zhaksylykov, EEC Minister in charge of Economy and Financial Policy.

The annual report on the RIA monitoring approved by the Commission’s Board will be submitted for consideration by the EEC Council, whereafter it will be discussed by the Heads of Government of the Union countries.

For reference
Regulatory impact assessment (RIA) of the EEC draft decisions is an assessment of their impact on the Union's business environment.
The RIA procedure consists of two stages: current assessment – public discussion of the EEC's draft decision on the Union's website for at least 30 calendar days; final assessment – preparation of the RIA statement by a specially created Working Group of the EEC.​