30 Jan 2023 EEC considered list of measures for cooperation with WCO The Eurasian Economic Commission discussed a list of measures to develop cooperation with the World Customs Organization (WCO). The meeting of the EEC field-specific working group was attended by representatives of the Commission's Customs Cooperation Unit and the EAEU countries' authorized authorities dealing with customs cooperation development, as well as improvement of customs regulation in interaction with the international customs community. The Working Group's experts considered legal and organizational approaches for implementing Paragraph 11.7.5 of the Strategic Directions for Developing the Eurasian Economic Integration until 2025  in terms of interaction with the WCO. "Implementing the directives of the Heads of the EAEU Member States on the Union's membership in the WCO and accession to its fundamental documents is a highly topical issue appearing on the agenda of the Commission’s Customs Cooperation Unit. The objectives set require a comprehensive analysis and search for optimal organizational and legal solutions within the EAEU law", noted Sergei Vladimirov, Director of the EEC Department of Customs Legislation and Law Enforcement Practice. According to the Commission, the performance of the Working Group will improve the interaction between the EAEU and the WCO in the technical committees on customs cooperation, including the development of legal arrangements of this international customs organization. For reference Paragraph 11.7.5. of the Strategic Directions for Developing the Eurasian Economic Integration until 2025, approved by Decision No. 12 of the Supreme Eurasian Economic Council dated December 11, 2020, contemplates such measures as obtaining by the Union of the WCO Member status and exploring the Union’s possibility to join the WCO fundamental documents.
30 Jan 2023 EAEU registered increase in production and trade in aquaculture products Over the past five years, the EAEU aquaculture production has increased by 1.7 times. Along with that, the greatest growth has been observed in Kyrgyzstan - by more than 5 times, Kazakhstan - by almost 4 times, and the Russian Federation - by 1.7 times. The volume of mutual trade in fish and fish products between the EAEU countries increased by 1.6 times. This was reported by Maria Baigot, Head of the Section of Agroindustrial Policy, Interstate Programs and Projects of the Agricultural Policy Department of the Eurasian Economic Commission, at the conference "Eurasian Aquaculture and New Opportunities for Investment in Fisheries Industry" within the AGROS International Trade Fair for Breeding, Feed, Veterinary Medicine and Technologies for Livestock and Poultry Husbandry and Forage Harvesting.   "Aquaculture is a strategic business area in the Eurasian Economic Union countries showing a substantial growth as well as an impetus for a whole range of related industries: resource allocation, supply, trade, logistics and marketing activities", Maria Baigot noted.  According to the EEC representative, the fastest growth of the industry is observed in the market of prime fish, where the dependence on imports is significantly high. In this regard, it is advisable to increase the self-sufficiency in planting material, feed and other resources on the basis of cooperation between the Union countries’ interested companies.  A promising area for cooperation includes training of fishery specialists in high-demand areas by conducting a joint training course between the EAEU States’ universities.  The Commission’s Agricultural Unit is open for interaction with the interested experts of the business and science community, and associations in the field of aquaculture as well as ready to provide a platform for developing relevant solutions. For reference AGROS is an authoritative international trade fair for professionals of the agricultural sector of Russia and States of the near abroad, which is held with the active participation of the Ministry of Agriculture of the Russian Federation and leading industry associations. This year, over 400 companies from more than 20 countries presented their solutions at the trade fair.
27 Jan 2023 EAEU and ASEAN intend to strengthen cooperation Prospects for developing interaction between the Eurasian Economic Commission and the Association of Southeast Asian Nations (ASEAN) within the Memorandum of Understanding in the field of economic cooperation were discussed by Sergei Glazyev, EEC Minister in charge of Integration and Macroeconomics, and Kao Kim Hourn, ASEAN Secretary-General, during a meeting held on January 27 at the ASEAN headquarters. Sergei Glazyev has noted that deepening contacts with both the ASEAN and the Association’s Member States is one of the priorities of the EAEU's international activities enshrined in a number of key documents. He spoke in praise of the interaction between the Commission and the ASEAN Secretariat. “The dialogue between our structures is primarily focused on the exchange of experience on deepening integration, improving the efficiency of associations, and approaches to strategic planning”, Sergei Glazyev stated. For this purpose, he made a special mention of the EAEU current integration agenda and informed on implementing the Strategic Directions for Developing the Eurasian Economic Integration until 2025.    For his part, Kao Kim Hourn confirmed the interest of the ASEAN Secretariat in further strengthening of ties with the EEC and the EAEU Member States and took a favorable view of implementing the Cooperation Program between the EEC and the ASEAN until 2025. He noted energy, food, tourism and digitalization of various aspects of economic activity as priority areas for the ASEAN to cooperate with the EAEU countries. Besides, he stressed the importance of developing contacts through business circles. The meeting attendees discussed cooperation plans for the current year, in particular holding a joint seminar "Digital Transformation in the EAEU and the ASEAN", participation in forums’ events in the territory of the EAEU countries, including with the involvement of the EAEU and the ASEAN business circles, as well as at the venues of other international organizations.   For reference The Association of Southeast Asian Nations (ASEAN) is an economic association founded in 1967. The Association members include Indonesia, Malaysia, Singapore, Thailand, the Philippines, Brunei Darussalam, Vietnam, Laos, Myanmar, and Cambodia. Papua New Guinea and East Timor have an observer status. This is one of the largest regional integration associations with a combined GDP of 2.6 trn US dollars, and a population of 622 mln people. The Memorandum of Understanding between the EEC and the ASEAN was signed on November 14, 2018 in Singapore. The document underpins the formation of a dialogue platform for discussing a wide range of issues of interaction between integration blocks on the Eurasian continent scale. To implement the memorandum, a Cooperation Program for 2020-2025 was adopted. It covers such spheres as customs legislation and law enforcement practice, trade policy, business activities, technical and antitrust regulation, SPS measures, energy, functioning of internal markets, etc.  
27 Jan 2023 EEC and UNCTAD agreed to continue meetings of regional organizations empowered in competition Bakhyt Sultanov, Minister in charge of Competition and Antitrust Regulation of the Eurasian Economic Commission, Pedro Manuel Moreno, Deputy Secretary General of UNCTAD, and Teresa Moreira, Head of the Competition and Consumer Policies Branch of UNCTAD, held working meetings today in Geneva (Switzerland). The key topic of discussion was the Commission's cooperation with regional organizations vested with powers in the field of competition. “As part of our joint work, I would like to note the support provided by UNCTAD to our initiative in organizing annual meetings of regional organizations vested with powers in the field of competition. For two years in a row, we have been able, with the support of UNCTAD, to gather integration associations from all continents of the world for a general discussion. These are the Andean Community, COMESA, CARICOM, UEMOA, and ASEAN”, Bakhyt Sultanov noted.  Pedro Manuel Moreno, UNCTAD Deputy Secretary-General, noted the efficient interaction between UNCTAD and the EEC Competition Unit and expressed hope for its further strengthening.  Besides, the parties discussed the participation of the EEC Competition and Antitrust Regulation Unit in the UNCTAD Working Group on Cross-Border Cartels.  “We stress the importance of this Group's activities and its desire to prepare a document systematizing the best experience in this field, and making some recommendations that would be most useful to developing countries and newly institutions”, the Minister added.  The meeting attendees paid special attention to the UNCTAD project on the interrelationship between the competition policy and the development of small and medium-sized entrepreneurship, as well as the need to further deepen the discussion in this direction. Bakhyt Sultanov invited representatives of the Competition and Consumer Policies Branch of UNCTAD to speak at a competition session on the sidelines of the 2nd Eurasian Economic Forum to be held on May 24-25 this year in Russia.
27 Jan 2023 EEC and BRICS New Development Bank start dialogue The Eurasian Economic Commission and the New Development Bank start a dialogue as part of implementing the Main Directions of the Eurasian Economic Union's International Activities and the initiatives of the Heads of the Union Member States to strengthen cooperation between the EAEU and the BRICS. A meeting between Vladimir Kovalev, Adviser to the Chairman of the EEC Board, and Andrey Bokarev, Director General of the NDB's Eurasian Regional Center, was held on January 26 in Moscow. A wide range of issues on the long-term agenda of interaction between the EAEU and the BRICS was touched upon. In particular, some approaches to project financing in two associations were discussed. “In light of the global economy transformation, cooperation with the BRICS countries is of particular interest to the Eurasian Economic Union. We see the prospect in the dialogue with the New Development Bank both in terms of sharing best practices in implementing infrastructure, logistics and energy projects in the emerging economies, and on more global issues of sustainable economic development in the EAEU and the BRICS”, Vladimir Kovalev noted.  According to the Adviser to the Chairman of the EEC Board, it is also important to work out some instruments of interaction between the EAEU and the BRICS in the payment and settlement sphere. Vladimir Kovalev and Andrey Bokarev discussed the possibility of holding joint events between the EEC and the New Development Bank. In particular, they plan to invite the NDB's officials to participate in the Eurasian Economic Forum to be held on May 24-25, 2023. Furthermore, in 2023, the Eurasian Economic Union's presentation may be organized at the venue of the New Development Bank. For reference The New Development Bank was established by the BRICS countries under an intergovernmental agreement signed at the 6th BRICS Summit held in July 2014 in Fortaleza. The Bank's mission is to finance infrastructure projects and sustainable development projects in the BRICS countries and developing countries. In 2021, the NDB admitted four new members: Bangladesh, Egypt, UAE, and Uruguay. The NDB's authorized capital is 100 bln dollars, the capital can be subscribed by the members of the United Nations. The NDB's Eurasian Regional Center is located in Moscow. One of the main functions of the Eurasian Regional Center is to support the NDB projects involving several Eurasian States, as well as cooperation with public and private institutions.
27 Jan 2023 Mikhail Myasnikovich held meeting with Mohammad Ahmad Al Jaber, Ambassador of the United Arab Emirates Extraordinary and Plenipotentiary to Russia Mikhail Myasnikovich, Chairman of the Board of the Eurasian Economic Commission, held a meeting with M. A. Al-Jaber, Ambassador of the United Arab Emirates Extraordinary and Plenipotentiary to the Russian Federation, on January 27 at the EEC's headquarters. The meeting discussed issues of trade and economic cooperation between the Eurasian Economic Union countries and the UAE, including prospects for increasing export and import deliveries and diversification of trade. The first step towards intensifying cooperation between the EAEU and the UAE was the Memorandum of Interaction between the Eurasian Economic Commission and the Government of the UAE signed on the sidelines of the St. Petersburg International Economic Forum in June 2022, which made it possible to form an institutional framework important for further dialogue. In December 2022, the Supreme Eurasian Economic Council decided to start negotiations on a Free Trade Agreement between the EAEU and its Member States, on the one part, and the United Arab Emirates, on the other part. “We expect to carry on negotiations on a fast-track basis”, the Chairman of the EEC Board stressed. "Along with that, the relevance of deepening cooperation between the EAEU, its Member States and the UAE across a wide range of issues is confirmed by the significant commercial presence of the Union countries in the UAE, as well as the interest of the Emirati business community in the EAEU. We will do utmost to create comfortable and favorable conditions for our interaction”. The parties also discussed the schedule of upcoming contacts. In particular, Mikhail Myasnikovich invited the UAE officials and entrepreneurship to take an active part in the Eurasian Economic Forum scheduled for May 24-25. For reference The EAEU-UAE trade increased 4 times from 2015 to 2021, the EAEU exports to the UAE increased 4.7 times, and the EAEU imports from the UAE grew by 47%. Along with that, the trade turnover increased by another 55% during the period from January to October 2022 compared to the same period in 2021.
26 Jan 2023 Andrey Slepnev, "As part of the climate agenda we tackle access to technologies and funds, as well as issues in the field of equalizing incentives for industries" Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, attended the seminar on developing coordinated approaches to issues on the climate agenda in the Eurasian space. The seminar was held on the sidelines of the EEC Council meeting. "Economically speaking, the climate agenda is primarily about technological transformation and transitioning to a new technological platform. Therefore, the more successful this process is, the more successful the national economies will be in decades to come," noted he in his speech. The EEC Minister in charge of Trade who heads the high-level working group (HLWG) on developing proposals on harmonizing the Member States' positions in the framework of the climate agenda drew attention to three key issues: access to technologies, access to funds, as well as incentives for industries and related problems of arising inter-country barriers. As for access to technologies, it all depends on who and how designates a technology as green and to what extent. In this sense the Russian Federation shaped a legal institutional infrastructure for carbon regulation in three years. In Kazakhstan such system was built even earlier and today it is actively improving. "This large area of relations covers tax and customs issues, as well as technical regulation. If our standards diverged, what cooperation could we talk about? There would be a barrier straight away. Therefore now the issue of paramount importance includes the common validation, verification and accreditation system," stressed Andrey Slepnev. The second aspect concerns creation of a single methodological framework for implementing climate projects and covers the issues of supporting company initiatives aimed at decarbonization. In terms of access to funds, the EAEU developed a unified taxonomy of climate projects. The document gives an opportunity to project initiators from one country to obtain financing in the whole Union market if their methodology is relevant. Moreover, the EEC Minister expressed his confidence that the adopted taxonomy will enjoy a broader recognition. "We look forward to using the model taxonomy as a methodology basis for national regulatory acts and work with the parties' exchanges to apply it directly to provide funding across the EAEU space," told Andrey Slepnev. He also reminded that the Commission launched a bank of climate technologies and digital projects that companies are ready to assist in re-implementing. "The third issue, perhaps, the most important one, encompasses incentives and potential barriers. It is about when and what countries will start to introduce their versions of a cross-border corrective carbon mechanism. Today we see that emissions trading is being actively employed in the Republic of Korea, China and, by the way, in the Republic of Kazakhstan," highlighted the EEC Minister in charge of Trade. According to Andrey Slepnev, the major risk for the Eurasian Economic Union is introduction of such mechanisms and corresponding cross-border compensating tools within the EAEU. In the context of these risks, there is a great challenge of levelling down the tension of decarbonization plans by industries between the Union Member States and with regard to main foreign trade partners. "It is necessary to analyze climate regulation in our countries, synchronize our plans and offer required solutions to the Union governing bodies," summed up Andrey Slepnev. The seminar was also attended by Members of the EEC Council Alexei Overchuk, Deputy Chairman of the Government of the Russian Federation, and Adylbek Kasymaliev, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Mikhail Myasnikovich, Chairman of the EEC Board, Maxim Reshetnikov, Minister of Economic Development of the Russian Federation, Vahan Kerobyan, Minister of Economy of the Republic of Armenia, Aidar Kazybaev, Director of the Center for Green Finance of the Astana International Financial Center, Elena Borisenko, Deputy Chairperson of the Board of Gazprombank, Alexei Miroshnichenko, First Deputy Chairman, Member of the Management Board, VEB.RF and others.
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