Navigate Up
Sign In
There is no alternative to the EAEU in the Eurasian space

There is no alternative to the EAEU in the Eurasian space

10/31/2017

“The EAEU is a natural living space for citizens of the Union countries. Our goal is to create favourable conditions for them and the business community. This means elimination of barriers, restrictions so people, capital, goods and services can move freely,” the Chairman of the Board of the Eurasian Economic Commission (EEC), Tigran Sargsyan, said speaking at the 12th International.

Conference on Eurasian Economic Integration held by the EDB.

According to Tigran Sargsyan, this can be achieved through institutional reforms focused on the future. “Digital transformation, in particular, is an obvious global trend, and if we are behind here, we will face new barriers, exemptions and restrictions,” the Chairman of the EEC Board believes.

When evaluating the efficiency of the ongoing integration processes, Tigran Sargsyan highlighted the fact that the Eurasian Economic Commission had been created precisely in order to ensure harmonization of those changes that were supposed to happen in all the countries of the Union in the course of transition to common markets for goods, services, capital and labour. “We have to reflect the interests of all the five member countries,” the Chairman of the EEC Board believes. To this end, the Commission continues to work on the formation of unified customs rules, development of common technical regulations, phytosanitary and veterinary requirements. Today, in any way about 50% of the EEC activities are related to the removal of barriers, exemptions, restrictions. “Creation of the " White Book", where we tried to not simply describe these barriers, but also to find an agreed stance of the countries to eliminate them, can be considered a big breakthrough for this year,” the Chairman of the EEC Board is convinced.
 
“At the same time, we have always to rethink the process of integration,” Tigran Sargsyan said. “Today, the actual task is the expansion of powers and thus the increase of the level of the Commission liability. Expanding the scope of liability of a supranational body means paying attention to the common interests.”
"If we created a supranational body that reflects the interests of all the parties, it should work. Therefore, it is necessary to expand powers. Thus, the Commission liability for the common future will be more evident. And from this point of view, experience of the European Union is useful, as we are perhaps the second economic association in the world practice with such a deep integration and a supranational body,” the Chairman of the EEC Board emphasised.

The Commission's position was supported by all participants at the plenary session. In particular, the Chairman of the Board of the Centre for Strategic Research, Alexey Kudrin, noted the need to strengthen the role of supranational institutions. In particular, he stated that “Russia should in fact to bolder delegate their sovereign rights to this level, to abandon some of its autonomy and national egoism.
 
According to the Chairman of the EDB Executive Board, Dmitry Pankin, to accelerate the integration processes and the growth of the economies of the Union countries we must continue eliminating barriers within the EAEU, developing economic cooperation with third countries and simplifying the entering foreign markets by companies. In addition, Dmitry Pankin stressed the importance of an agreed transport policy in implementing large infrastructure projects. "One of the key elements that will link the economies of our countries is just common infrastructure. The EEC began an important and useful work on the analysis of transport projects that every country is going to develop. Now, more than 30 major projects have already been collected. I find the task of infrastructure project integration to be extremely important,” Dmitry Pankin noted.
 
According to the Chairman of the EEC Board, Tigran Sargsyan, “the future of the integration processes largely depends on whether the countries of the Union can jointly respond to global challenges.” Only together, in one integration association, we can be successful and find our place among the world leaders. This will raise the level of well-being of citizens and ensure the competitiveness of the Eurasian business, Tigran Sargsyan is sure.