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Member of the Board (Minister) for Trade Andrey Slepnev

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24 Nov 2022 Internal market protection is an important focus area for EEC On November 22-23, a seminar for state bodies and the business community of the Republic of Belarus titled "Application of measures to protect internal market in the Eurasian Economic Union and third countries" was held in the form of a videoconference. The seminar was organized by the Internal Market Protection Department of the Eurasian Economic Commission. The EEC representatives informed the seminar participants about the procedure for preparing applications and participating in investigations, spoke about the relevant legislative norms and planned innovations in the Union law, as well as about the peculiarities of conducting investigations and reviewing protective measures in foreign practice.  "Measures to protect domestic market are still relevant. The practice of the EAEU in this regard is expanding. We need to convey to the public the adopted innovations," said Byubyusara Toktonalieva, Deputy Director of the Department for the Protection of the Internal Market of the Commission. During the event, Director of the Department for Foreign Economic Activity of the Ministry of Foreign Affairs of the Republic of Belarus Yury Gorelik noted: "We are witnessing unprecedented fundamental changes that have been taking place in the world in recent years. They directly relate to international trade, too. But among the current large-scale changes, there is a tool that is not questioned from the point of view of legality — this is a tool to protect domestic market."  

21 Nov 2022 Andrey Zakharov at EAEU Court conference: "The Treaty on the Union directly provides for the right of producers to be protected through the application of special protective, anti-dumping and countervailing measures" Director of the EEC Department for Internal Market Protection Andrey Zakharov took part in the session of the international conference of the Court of the Eurasian Economic Union titled "Ensuring Effective Access to Justice in the EAEU". "Special protective, anti-dumping and countervailing measures are international trade regulation instruments that are widely used in the world to protect producers from increased imports, dumped imports or subsidized imports. The Treaty on the Union expressly provides for the right of producers of the EAEU countries to be protected through the application of such measures," he recalled. The speech was devoted to topical areas for improving the law of the EAEU in the field of application of measures to protect the domestic market. Amendments were noted on the revision of the measure for the absorption of anti-dumping duties, which were included in the so-called "Great II" Protocol on Amendments to the Treaty on the EAEU. "As soon as these amendments enter into effect, manufacturers will not have to wait long to apply for a recalculation of the amount of duty if it is obvious that after the introduction of the measure, the price on the Union market has not changed," underlined Director of the EEC Department. Andrey Zakharov told the audience that a new package of amendments is being prepared, which provides, in particular, for in-depth participation of Member States in investigations, new tools for alleviating consumer concerns, improving the provisions for the so-called "regional industry", as well as the rules on "negative decision" of the Commission's Board for protective measures. When answering the questions of the conference participants, Andrey Zakharov noted that the reports of the investigating body use references not only to the provisions of the WTO agreements, but also to law enforcement practice, which is important when substantiating the conclusions based on the investigation results. Director of the Department drew attention to the rights of interested parties in the framework of the quasi-judicial investigation procedure. Once interested parties see errors or incorrect application of the law, they can use their procedural possibilities during the investigation so that a decision is made with account to their comments and interests.

21 Nov 2022 Andrey Slepnev: "The volume of trade between the EAEU and China may exceed US$200 billion this year" Andrey Slepnev, Trade Minister of the Eurasian Economic Commission, expressed this opinion on the eve of the meeting of the Joint Commission for the Implementation of the Agreement on Trade and Economic Cooperation between the Eurasian Economic Union and the People's Republic of China, scheduled for December 1.  "China is the main trading partner of the EAEU, while its positions in trade with the Union have been significantly strengthening recently. This year, China's share has already exceeded 35% of total imports from third countries and is almost 16% of total exports. In both indicators, China confidently ranks first among all states," Andrey Slepnev noted.  According to him, the upcoming event, co-chaired by Chinese Vice Minister of Commerce Li Fei from the Chinese side, is designed to further intensify cooperation between the EAEU and China, as well as fill the interaction agenda with topical practical issues.  For reference At the moment, the trade turnover of the Eurasian Economic Union with China as a whole has grown by almost 30%. Exports increased by approx. 40%, imports by 20%. At the same time, according to the EEC statistics for 7 months, a small deficit in the trade balance of the EAEU in trade with China for the corresponding period of 2021 changed to a significant surplus this year. The largest share in imports from China among the Union states traditionally belongs to the Russian Federation (more than 80%). The share of the Republic of Kazakhstan is 10%, the Kyrgyz Republic — 4%, the Republic of Belarus — just over 3%. In exports, Russia also accounts for the largest share with an indicator of 85%. In the industrial segment of exports to China in 2022, natural gas, coal and processed timber products, in particular, show steady growth among the largest commodity groups. If we talk about agricultural exports, we can distinguish rapeseed oil, frozen fish, crustaceans and poultry meat. In the commodity structure of industrial imports, an increase is observed among such bulk import goods as gas liquefaction equipment, trucks, cars, crawler excavators, tires and tires, air conditioners. Agricultural products include sunflower seeds, tomatoes, plant extracts, peaches, onions, and vegetable and fruit juices.

18 Nov 2022 EEC and business community discussed entering Egyptian and Serbian markets, EAEU industrial cooperation A sectoral meeting of the Business Dialogue with representatives of the business community of the Eurasian Economic Union was held under the chairmanship of the Minister for Trade of the Eurasian Economic Commission Andrey Slepnev. During the event, opportunities were presented for interested companies from the EAEU countries to develop production facilities on the territory of the Russian Industrial Zone in Egypt, the main vectors of industrial cooperation in the Union until 2025 were outlined, and the prospects for cooperation with Serbia under the Free Trade Agreement were identified. "All issues discussed today are extremely topical: the Russian initiative on the industrial zone in Egypt was enshrined in the October order of the Intergovernmental Council, new areas of industrial cooperation were approved by the heads of governments last year, and a Joint Committee is planned to be held with the Republic of Serbia in the near future," said Andrey Slepnev. "In this regard, it is important for us to receive feedback from business. As you know, the EEC is carrying out the relevant systematic work on an ongoing basis." During the meeting, it was noted that, in addition to gaining access to the infrastructure of the industrial zone in Egypt on conditions identical to those for Russian companies, potential residents from other EAEU states will be able to sell their products duty-free both in the Arab Republic itself and on the territory of its partners in Africa and the Middle East, Europe and Latin America. "This will be a perfect addition to our future free trade agreement," Andrey Slepnev emphasized. In terms of industrial cooperation within the EAEU and with third countries, representative of the industrial block Zhaslan Azenov informed the business community about the implementation of the Main Directions of Industrial Cooperation, promising areas of cooperation and export, and about the mechanism of financial support for cooperative production in the Union, which is planned to be approved. For his part, the representative of the trade block Mikhail Cherekaev spoke about the active work that is being carried out in the framework of negotiations on the conclusion of preferential trade agreements in terms of promoting export-oriented industries.  Andrei Slepnev urged entrepreneurs from the EAEU countries to more actively apply to the Commission with proposals and problems on the eve of the Joint Committee with Serbia, which is expected at the end of this year or the beginning of next year. He drew the attention of business community to negotiations on free trade, which could lead to the creation of exclusive conditions for the enterprises of the Union to access the large Iranian market as early as next year, as well as to the upcoming start of negotiations with Indonesia, the world's seventh largest economy in terms of purchasing power parity.

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