21 Sep 2022 EEC and business community representatives discussed relevant matters of developing Eurasian integration in present realities At a meeting of the Working Group on the main directions of integration development under the Advisory Council on Interaction between the Eurasian Economic Commission and the Business Council of the Eurasian Economic Union, Sergei Glazyev, EEC Minister in charge of Integration and Macroeconomics, informed on the first results of implementing the Strategy-2025 as well as opportunities opening up for the business community, including under sanctions pressure.   "The present-day realities confirm the need to implement measures included in the Strategy-2025 related to import substitution, transition to settlements in national currencies, infrastructure development, industrial cooperation, creating the EAEU value chains and ensuring food security. Many measures from the list being implemented now to improve economic stability are correlated to the Strategy-2025 provisions", Sergei Glazyev stressed. Besides, he called attention to expanding the geography of the Union's external partners, intensifying cooperation with the SCO, the ASEAN, and the BRICS as well as the importance of involving business communities in implementing the international agenda. The EEC Minister informed on the Commission’s activities on preparing the main directions of the Union’s economic development until 2035, contemplating the formation of a strategic planning system within the EAEU. The document will define promising areas of long-term economic development common to all EAEU States through integrating their competitive advantages and with due regard to regularities of the global economic development. Sergei Glazyev invited the business community to join this work. Following the event, an arrangement was reached that business associations would send the Commission their updated proposals on implementing the Strategy-2025 and developing the Union under current conditions and beyond 2025.
20 Sep 2022 Andrey Slepnev: "The EAEU trade agreements contribute to promoting Armenia to foreign markets" This was stated by Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission at the plenary session of the Russian-Armenian business dialogue "Eurasian Partnership: New Economic Growth Points" held in Yerevan. "When it comes to Armenia's trade with third countries, then despite the difficult economic environment across the globe characterized by turbulence and global crisis phenomena, the trade turnover increased by 42.9% in H1 of 2022, including exports increased by 31.5%, and imports grew by 51.3%", he noted. "Armenia's trade with the Union’s key trade and economic partners, such as Iran, Vietnam, India, and Egypt, grows in a consistent manner: trade with Iran has increased by 37.3%, Egypt – by 3.9 times, Vietnam – by 2.4 times, and India – by 61.3%". According to Andrey Slepnev, it is especially important to address these countries through the lens of emerging opportunities for preferential trade, with due regard to the changes in the global trade map and the economic interaction map. It is obvious that the Eurasian Economic Union is not an isolated, but a very sought-after partner here, located in the center of Eurasia and, in fact, forms its basis.   "Our relevance is multi-faceted: these are raw materials, as well as everything related to the need of diversifying sources and ensuring stability, these are transport and logistics capabilities by developing land corridors, these are possibilities related to technologies", the EEC Minister in charge of Trade said. From this perspective, he separately touched upon interaction within the climate agenda where a bank of climate technologies implemented in the EAEU space had already been prepared. Andrey Slepnev informed on the EEC’s persistent efforts on a full-fledged Free Trade Agreement with Iran as well as the prospects opening up in import substitution and technological sovereignty; he focused on the negotiation process with India. The Minister has stressed that interaction on the North-South track is much broader than developing the transport corridor; this mostly entails economic cooperation as a whole. "If we manage to form an economic corridor to resolve the issues of settlements, logistics, trade, barriers and technologies at the same table, this will be the proper approach", he expressed confidence. As to other areas where new business opportunities are offered, Andrey Slepnev highlighted Egypt, the next round of negotiations with which will take place in early October. The EEC expects that the framework of future business dealings can be fixed upon its completion. And Egypt acts as a gateway to Africa and the Arab world, providing an enormous potential for the Union countries’ companies. "If earlier great many people treated the EAEU as a structure created by politicians, today the relevance of the Union for the business community has sharply increased. Companies start diversifying their capacity utilization, and making active use of available possibilities to implement their corporate strategies; and this entails cooperation as well. In this regard, we should think about how the EAEU development strategy is relevant to cumulative changes. It appears, we can think about its further development", Andrey Slepnev made an assumption. During the plenary session, Varos Simonyan, Minister in charge of Internal Markets, Information, Information Support and Communication Technologies of the Eurasian Economic Commission, presented the concept of the Eurasian Investment Plan as an important tool to combat root causes of obstacles in the EAEU internal market.   "Looking for an answer to non-trivial questions of the Union’s internal market functioning, in particular, how to prevent internal competition and national protectionism, and how to ensure joint access to third markets, we have formed the concept of the Eurasian Investment Plan. The consolidation plan we elaborate pursues several important objectives: the first and primary objective is to ensure stable unhindered functioning of the Union’s internal market, the second one is to increase investments in the EAEU space in key propriety areas, the third one is to increase competitiveness and independence from external impact factors, and the fourth strategic objective is to give a boost to the EAEU long-term economic growth", Varos Simonyan noted. The session was also addressed by Artak Kamalyan, EEC Minister in charge of Industry and Agriculture, Vahan Kerobyan, Minister of Economy of the Republic of Armenia, Gevorg Mantashyan, First Deputy Minister of High-Tech Industry of the Republic of Armenia, Dmitry Volvach, Deputy Minister of Economic Development of the Russian Federation, Alexey Gruzdev, Deputy Minister of Industry and Trade of the Russian Federation, and Daniil Algulyan, Deputy Chairman – Member of the Management Board of VEB.RF. Alexei Overchuk, Deputy Prime Minister of the Russian Federation, and Mher Grigoryan, Deputy Prime Minister of the Republic of Armenia, delivered welcoming remarks to the attendees. The discussion was moderated by Evgeny Primakov, Head of Rossotrudnichestvo (Federal Agency for the Commonwealth of Independent States Affairs, Compatriots Living Abroad, and International Humanitarian Cooperation).
20 Sep 2022 EEC Youth Council strengthens its efforts The need to intensify interaction between the Youth Council at the Eurasian Economic Commission and representatives of young professionals of the Eurasian Economic Union countries for their better social and professional self-fulfillment was discussed at the EEC Youth Council’s meeting chaired by Daniyar Turusbekov, Director of the Organizational Support and Protocol Department and Chairman of the Commission’s Youth Council. In this regard, it is planned to deepen cooperation with key partners and elaborate relevant joint programs with some of them. It is planned to interact with the youth councils of regional integration associations and international organizations, as well as organize sector-specific youth sessions at the largest forum venues of the EAEU, third countries and regional integration associations on a scheduled basis. Daniyar Turusbekov informed on the outcomes of the CIS and EAEU Youth Forum held on August 25-26, 2022 in Cholpon-Ata, the Kyrgyz Republic. It was noted that the Forum had become a unique platform for young participants, giving them an opportunity to come forward with initiatives that could give impetus to further development of cooperation between the Union States and promotion of the Eurasian integration idea. The EEC Youth Council in the brainstorming session format discussed the proposals submitted at the Forum. In particular, it considered the initiatives put forward by Mikhail Myasnikovich, Chairman of the EEC Board, i.e. to establish the Eurasian Youth Initiatives Support Fund, to create a "single window" for considering applications of the Union countries’ youth, and to give the EAEU countries’ young people an opportunity to do practical training and internship in the EEC. Besides, the attendees of the EEC Youth Council’s meeting expressed their readiness to be fully engaged in working on the initiatives of youth representatives put forward at the Forum: promoting the creation of the Eurasian business communities, drafting proposals to develop youth tourism, the EAEU volunteer movement, academic mobility, etc. Furthermore, the attendees of the EEC Youth Council’s meeting proposed additions to the list of initiatives: to extend interaction with the EEC partner universities; to hold university and interuniversity scientific competitions and debates on the Eurasian integration jointly with student associations; and to involve the EEC representatives in state attestation commissions. Special attention was paid to developing social relations between young employees of the EEC. "Following the CIS and EAEU Youth Forum, we will be faced with a challenging task – to organize systematic work on developing the youth agenda both in the Commission and the Union. The Chairman of the EEC Board is waiting for concrete results of our work. Let's show them", Daniyar Turusbekov stressed. In order to intensify efforts of the EEC Youth Council, it is planned to approve an action plan, as well as to consider draft of the updated structure of the EEC Youth Council at one of the next meetings.
19 Sep 2022 EAEU continues to prepare documents on deepening integration in natural monopolies Interim results of implementing the second stage activities of the roadmap in the field of natural monopolies were summed up at the 25th meeting of the sector-specific Advisory Committee of the Commission chaired by Arzybek Kozhoshev, EEC Minister in charge of Energy and Infrastructure, held on September 16. The Committee reviewed the progress of work on the draft recommendation of the Commission’s Board "On applying unified principles and rules for regulating activities of the EAEU countries’ natural monopoly entities” as well as draft proposals to the list of regulatory legal acts of the "five" countries that should be harmonized and converged. The meeting attendees noted the relevance of the projects under development, since they are directly related to subsequent amendments and additions to the Union countries’ legislation. The meeting also approved the structure of the report (information) on the work done in the sphere of natural monopolies for 2022. Later, it will be submitted to the Union's governing bodies. It is planned to submit the document to the Heads of State in May 2023. It bears reminding that the provisions of the Treaty on the EAEU apply to the natural monopolies’ services affecting trade between the EAEU countries. These services include transportation of oil and petroleum products, electric power transmission, services of main railway networks, rail transportation, airport and port services, air navigation services, etc. For reference The roadmap for sequencing the harmonization of the EAEU States' legislation in the sphere of natural monopolies was approved by the EEC Council in December 2017 and consists of three stages. At the first stage (2019-2020) legislative acts of the Union participating countries were analyzed in their entirety. The roadmap's second stage contemplates elaborating four documents, two of which were adopted by the Commission’s Board this year: - recommendation "On quantitative and qualitative indicators for assessing the harmonization of the legislation of the Eurasian Economic Union Member States in the sphere of natural monopolies (adopted by the Commission’s Board on March 22, 2022, No. 9), - recommendation "On the key criteria and conditions for classifying services as natural monopoly services" (adopted by the Commission’s Board on April 19, 2022, No. 15). At the final stage, measures should be implemented to harmonize legislation by the Union States and monitor the execution of the Supreme Eurasian Economic Council’s instructions by the Commission.
Display more