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Trade

​Member of the Board - Minister in charge of Trade​ Andrey Slepnev
Reception office Tel. 8 (495) 669-24-09​

News on «Trade»

03 Jul 2025 Andrey Slepnev discussed work on Uzbekistan's initiatives with Republic's representative at EEC Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, held a meeting with Fanil Kadirov, the official representative of the Government of the Republic of Uzbekistan at the Eurasian Economic Commission. The two sides discussed addressing the initiatives voiced by the President of Uzbekistan Shavkat Mirziyoyev at the meeting of the Supreme Eurasian Economic Council on June 27, 2025. One of Shavkat Mirziyoyev's key proposals concerned Uzbekistan's possible involvement in the work of the Eurasian Reinsurance Company, as well as dedication of separate interaction programs to developing electronic commerce, labelling goods with means of identification and introducing digital technologies in trade. "The EEC attaches great importance to the high level of multilateral cooperation with the Republic of Uzbekistan as an Observer State at the Eurasian Economic Union. We are ready to start working on these issues as soon as we receive additional information on practical proposals of the Uzbek party," noted Andrey Slepnev.  
27 Jun 2025 Andrey Slepnev: "Labelling of goods in the EAEU has proved its efficiency" This was stated by Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, after considering the development of the system for labelling goods with identification means at the June 27 meeting of the Supreme Eurasian Economic Council in Minsk. Since 2019, a total of about 274 billion commodity items have been labeled in the Eurasian Economic Union. The proven effects are market regularization, reduced volume of counterfeit products, an increased number of lawful companies, growing profitability of bona fide producers and increased budget receipts", said Andrey Slepnev. The effect of labelling is confirmed by the data of the EAEU countries. For example, in Armenia, the increase in the number of lawful producers and importers of goods amounted to 7%. In Kazakhstan, the turnover of counterfeit tobacco products decreased by $24.7 million. In the Russian Federation, the market regularization growth reached 22% for dairy products, 36% for light industry goods, 18% for footwear, 43% for perfumes. "The Member States' budgets have also benefited significantly from the introduction of labelling. The increase in tax and duty revenues is observed across all countries and directly depends on the number of categories of goods for which labelling is introduced in each country," said Andrey Slepnev. For example, in Russia, where the maximum number of categories of goods are labeled, the additional budget revenues from the sale of labeled products amounted to $15 billion, while in Kyrgyzstan to $68 million. In Belarus, where national labelling was previously in effect, which significantly regularized the market even before the introduction of the all-Union rules, the additional budget revenues reached $4.64 million. The next step will be further improvement of the labelling system to better combat illegal products.  "The first priority is to strengthen the role of national labelling systems for controlling the legality of origin and safety of goods," emphasized Andrey Slepnev. In addition, the all-Union work will continue on the technological improvement of the EAEU labelling system and on the legal safeguarding of the freedom of movement of labeled goods.
27 Jun 2025 EAEU and UAE signed economic partnership agreement On the sidelines of the June 27 Supreme Eurasian Economic Council's meeting in Minsk, an Economic Partnership Agreement was signed between the Eurasian Economic Union and its Member States, on the one part, and the United Arab Emirates, on the other part. The document was signed by: Mher Grigoryan, Vice Prime Minister of the Republic of Armenia; Natalia Petkevich, Deputy Prime Minister of the Republic of Belarus; Serik Jumangarin, Deputy Prime Minister — Minister of National Economy of the Republic of Kazakhstan; Daniyar Amangeldiev, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic; Alexey Overchuk, Deputy Chairman of the Government of the Russian Federation; Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission; as well as Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the United Arab Emirates. The United Arab Emirates is one of the EAEU's main trading partners among the Gulf countries. The signed Economic Partnership Agreement is expected to mark a new milestone in trade relations with the UAE and take mutual trade to a new level. The work to conclude the Economic Partnership Agreement between the EAEU and the UAE, aimed at maximizing cooperation, lasted two and a half years. The created conditions will significantly increase trade turnover between the parties. "Within the framework of the new trade regime being established, the Emirati party has ensured preferential access for 86% of the commodity nomenclature. The Union's concessions cover 85% of the partner's commodity nomenclature," noted Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission. He specified that the preferential export coverage for our countries will extend to over 98% of current exports, or more than $12.1 billion in value terms. As a result of liberalizing the trade regime, the average rate applied by the UAE to EAEU goods will be reduced from 5% to 0.6%. Thus, annual savings on import customs duties are estimated at more than $260 million. In terms of goods, preferential access will be granted to key EAEU agricultural goods such as grains (wheat, barley, corn), meat (cattle, mutton, offal), poultry meat, eggs, dried vegetables (chickpeas, peas, lentils, beans), vegetable oil, dairy products (whole milk, milk powder, yogurts, whey, butter, cheese), confectionery, honey, mineral water, jams, chocolate. In terms of the industrial sector, concessions are granted to the following categories of goods: metallurgy products (rolled alloy steel products, hot-rolled and cold-rolled steel, finished ferrous metal products, pipes, sections and angles, iron, aluminum and copper wire, aluminum foil, etc.), petroleum products (including light and other distillates), timber products (boards, plywood, pallets, furniture, etc.), pulp, printing products, drilling tools, and a wide range of mechanical equipment, from turbines to certain types of pumps. Liberalization will also affect electrical equipment (generator units, primary elements and primary batteries, electric batteries, etc.), railway containers, motor vehicles including special machinery, cosmetics (hair products, perfumes, deodorants, etc.), chemical products (paints, oils, surfactants, fertilizers) and medicines. The United Arab Emirates will be able to increase supplies of a wide range of consumer goods. These involve cosmetics, perfumes, watches, certain types of clothing. "The agreement is really ambitious, and not only in terms of tariff liberalization, but also in terms of the regulatory environment it shapes," Andrey Slepnev told. According to him, the document enshrines provisions that meet the best international standards regarding e-commerce, economic cooperation and involvement of SMEs in foreign economic activities between the EAEU countries and the UAE. "Our trade has more than tripled since 2020. Thanks to the enthusiasm of businesses and active work of the EEC and regulators of our countries in the near future once the agreement is effective, the trade turnover may exceed $20 billion," the EEC Minister in charge of Trade expressed confidence. Once signed, the economic partnership agreement will be submitted for ratification procedures in the UAE and EAEU countries required for its enactment.
27 Jun 2025 EAEU and Mongolia concluded interim trade agreement On the sidelines of the June 27 Supreme Eurasian Economic Council's meeting in Minsk, an Interim Trade Agreement was signed between the Eurasian Economic Union and its Member States, on the one part, and Mongolia, on the other part. The document was signed by: Mher Grigoryan, Vice Prime Minister of the Republic of Armenia; Natalia Petkevich, Deputy Prime Minister of the Republic of Belarus; Serik Jumangarin, Deputy Prime Minister — Minister of National Economy of the Republic of Kazakhstan; Daniyar Amangeldiev, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic; Alexey Overchuk, Deputy Chairman of the Government of the Russian Federation; Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission; as well as Uchral Nyam-osor, Deputy Prime Minister of Mongolia and Minister of Economy and Development. The signed agreement marks a new stage in the development of trade relations between the EAEU countries and Mongolia. It covers 367 commodity sub-items for each party, on which customs duties will be zeroed out or reduced from the date the document enters into force. The agreement is concluded for three years with a possibility to renew it for an additional three-year period. "According to statistics, tariff preferences will cover $2 billion of EAEU exports to Mongolia, i.e. more than 90%. The agreed preferences will allow EAEU companies to save up to $100 million annually," noted Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission. As he explained, in accordance with the signed trade agreement agriculturists of the EAEU countries will have preferential conditions for supplying to the Mongolian market such essentials as wheat, corn, dairy products, vegetable oils, meat and poultry products, sugar, confectionery, cheese, mineral water and alcoholic beverages. As for industrial goods, growth in supplies is forecast for metallurgy products (ferroalloys, hot-rolled and cold-rolled steel, rods, angles, pipes, etc.), motor vehicles (cars, buses, trucks, special machinery, automotive components, trailers, etc.), products of railway engineering and chemical industry (polymers, plastic sheets and parts), tires, nitrogen fertilizers, medicines, etc. In turn, Mongolian goods with preferential access will be meat (horse meat, cattle meat, mutton, canned meat, offal), dairy products (yogurts, cheese), light industry goods (wool, yarns), as well as finished light industry products of high-quality, including knitted and textile clothing. Possibilities for further cooperation are set out in the non-tariff part of the agreement: in technical regulation, sanitary, veterinary and phytosanitary measures, customs cooperation, e-commerce and economic cooperation. "Over the past few years, trade turnover between the EAEU and Mongolia has already grown more than one and a half times. We expect that once the agreement is operational, this trend will be maintained and reinforced, which will allow us to increase our trade turnover to $3 billion," Andrey Slepnev stated. Once signed, the Interim Trade Agreement will be submitted for ratification procedures in Mongolia and the EAEU countries required for its enactment.
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The Common Commodity Nomenclature of Foreign Economic Activity of the Customs Union and the Common Customs Tariff of...
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16 Feb 2023 Andrey Slepnev, "As of year-end 2022, trade turnover between the EAEU and China exceeded 200 billion dollars" текст The matters of technical regulation, application of SPS-measures, customs cooperation, interaction in competition and market protection measures were discussed by the participants in the third meeting of the joint commission on implementing The Agreement on Trade and Economic Cooperation between the Eurasian Economic Union and the People's Republic of China that was held online on February 16 and chaired by Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, and Li Fei, Assistant Minister of Commerce of the PRC. An important outcome of the meeting was adoption of the road map on promoting trade and economic cooperation between the Eurasian Economic Union and its Member States, on the one hand, and the People's Republic of China, on the other hand, that includes activities in the field of digitalizing rail transport, exchange of information on strategic planning matters and joint research on the prospects of cooperation development. Special attention was paid to implementing the industry agenda. In particular, it was agreed that this year the parties would hold joint events to study prospects for cooperation in the fields of public procurement, industry and finance, as well as for veterinary and phytosanitary cooperation. "We have agreed to continue promotion of the "Eurasian Agroexpress" project aimed at expedited transportation of food products from the EAEU to China by rail," told Andrey Slepnev following the meeting. "The project has a special significance in the context of diversifying the nomenclature of goods supplied by our Union and increasing the trade turnover with the PRC that exceeded 200 billion dollars as of year-end 2022." For reference The Agreement on Trade and Economic Cooperation between the Eurasian Economic Union and its Member States, on the one part, and the People's Republic of China, on the other part, was signed on May 17, 2018 and entered into force on October 25, 2019. The previous, second, meeting of the Joint Commission on implementing the Agreement chaired by Andrey Slepnev, EEC Minister in charge of Trade, and Wang Shouwen, Assistant Minister of Commerce of the PRC, was held via videoconferencing on December 21, 2021.  
14 Dec 2016 The interview of the Minister on the technical regulation of the EEC Valery Koreshkov with BELTA news agency on establishment of the common market of medicines in the Eurasian Economic Union Medicines is the first group of specific goods, with which the EAEU countries started to work closely by the beginning of the functioning of the common market. Using this experience, the EAEU will form other common markets - for finances, energy, oil and gas, and so on. The BELTA journalist discussed with the EEC Board Member - Minister in charge of technical regulation Valery Koreshkov, what stages are yet to be covered and how the common market of medicines will work.​
Minister in charge of energy and infrastructure of the Eurasian Economic Commission Adamkul Zhunusov answered questions of 09 Nov 2016 Minister in charge of energy and infrastructure of the Eurasian Economic Commission Adamkul Zhunusov answered questions of "RUSARMINFO" and shared his view on the level of integration of Armenia in the common energy market of the Eurasian Union ​​How do you estimate the level of integration of Armenia in the common energy market of he EAEU? And what are the objective possibilities of development? ​
09 Aug 2016 Russian automobiles to have free access to ASEAN via Vietnam – EAEU minister ​The Eurasian Economic Union’s Minister of Trade Veronika Nikishina talks to RBTH about the Union’s s free trade agreement with Vietnam, and explains why a similar agreement with Singapore should cover services and investment, and not just reduced tariffs on goods.
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