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09 Oct 2024 "We plan to intensify cooperation with UNCITRAL for the development of international trade law", Bakhyt Sultanov says Bakhyt Sultanov, Minister for Economy and Financial Policy of the Eurasian Economic Commission, took part in the 80th session of the UN Commission on International Trade Law (UNCITRAL) at the organization's headquarters in Vienna. During his visit, the EEC Minister met with UNCITRAL leadership and experts to discuss enhancement of cooperation between the organizations. "In order to formalize the dynamically developing relations between our organizations, I believe it is necessary to address the possibility of signing a Memorandum of Understanding, as well as to start the necessary coordination procedures for its subsequent signing during the regular UNCITRAL session in 2025," said Bakhyt Sultanov. According to the EEC Minister, the Commission is interested in implementing UNCITRAL best practices into the law of the Eurasian Economic Union and developing cooperation in analytics. In turn, UNCITRAL representatives expressed their readiness to share available analytical information and maintain close ties with the EAEU countries. At the end of the meeting, the parties confirmed their readiness to further expand cooperation, agreed to address the topics for future webinar sessions to be held in the Union states, as well as to organize a regional event in the EAEU in 2026, timed to coincide with the 60th anniversary of UNCITRAL. The United Nations Commission on International Trade Law (UNCITRAL) is the principal agency in the UN system dealing with international trade law. UNCITRAL is engaged in preparing statutory instruments in a number of areas such as international contractual practice, shipping documents, insolvency, electronic commerce, and dispute settlement, including Investor-State disputes.
09 Oct 2024 ESCAP Experts Highly Appreciated Commission's Efforts to Promote SDGs and Green Economy Principles in EAEU The economy of the Eurasian Economic Union shows steady growth driven by domestic demand, public investment and active reconfiguration of regional trade. This was stated by Askar Japparkulov, Director of the Macroeconomic Policy Department of the Eurasian Economic Commission, at the 8th North and Central Asia Multilateral Forum on the Implementation of the Sustainable Development Goals (SDGs) in Almaty on October 9. In particular, at the session dedicated to SDG 8 "Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all" Askar Japparkulov noted that in 2023 the EAEU's GDP grew by 3.8%, surpassing the growth rate of the global economy. This year, the pace of economic development is even higher — as of the end of the half-year, the Union's GDP grew by 4.6%. The Commission's representative emphasized that one of the tools for achieving sustainable growth of the Union countries is the green transformation of the EAEU. In this context, an important document developed by the EEC is the Concept for Implementing Green Economy Principles in the Union. The preparation of this document is a concrete step towards leveraging the integration potential to accelerate the achievement of the SDGs. "The concept offers a unified approach to developing a green economy that promotes mutual recognition of national environmental regulatory systems. This, in turn, will allow avoiding the so-called "climate barriers", i. e. restrictive measures introduced on environmental or climatic grounds," summarized Askar Japparkulov. ESCAP representatives noted that the North and Central Asian region face significant challenges in achieving the SDGs by 2030. At the same time, progress is being made on some SDGs, including those that correlate with the goals of the EAEU's operations, such as SDG 8 and SDG 17. The Union countries are performing well on them. For instance, Armenia is among the leaders in terms of regional GDP growth rates. As for SDG 17, all Union states improved their statistical capacity to monitor the achievement of the SDGs. That confirms the proposition that Eurasian integration accelerates the achievement of the Sustainable Development Goals by the EAEU states. The Economic and Social Commission for Asia and the Pacific (ESCAP) is one of the five regional commissions of the United Nations Economic and Social Council. It was established in 1947 to promote economic cooperation among the member countries. Now the main objective for ESCAP is to manage globalization in the areas of environmentally sustainable development, trade and human rights. The 8th Forum organized by the ESCAP Subregional Office was attended by representatives of the World Bank, Asian Development Bank, Eurasian Development Bank, International Labor Organization, FAO, UNICEF, World Health Organization, as well as delegations from Azerbaijan, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Turkmenistan and Uzbekistan.
08 Oct 2024 Outcomes of 3rd Eurasian Economic Forum The Armenian capital hosted the 3rd Eurasian Economic Forum from September 30 to October 1, timed to coincide with the meeting of the Eurasian Intergovernmental Council featuring Heads of Government of the Eurasian Economic Union Member States and Observer States. The event was held as part of the 2024 presidency of the Republic of Armenia in the Eurasian Economic Union's governing bodies. About 2000 attendees from more than 30 countries took part in the Forum. Business representatives were particularly interested: about 200 companies came to the Forum. The Forum included EAEU–Cuba and EAEU–Iran business dialogues, during which conceptual issues of developing trade and economic cooperation were discussed. The business program of the Forum comprised over 30 events. The EEF 2024 participants discussed topical areas of economic cooperation of the EAEU Member States, such as EAEU strategic development, comprehensive cooperation and technological cooperation, digitalization, development of transport infrastructure and logistics, domestic market quality and support for entrepreneurship, as well as international cooperation. The key event of the 3rd Eurasian Economic Forum was the plenary session Digitalization in Modern Realities — an Imperative to Ensure Four Freedoms, which was attended by Heads of Government of the Eurasian Economic Union countries: Nikol Pashinyan, Prime Minister of the Republic of Armenia; Roman Golovchenko, Prime Minister of the Republic of Belarus; Olzhas Bektenov, Prime Minister of the Republic of Kazakhstan; Akylbek Zhaparov, Chairman of the Cabinet of Ministers — Head of the Presidential Executive Office of the Kyrgyz Republic, Mikhail Mishustin, Chairman of the Government of the Russian Federation; and Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission. Abdulla Aripov, Prime Minister of Uzbekistan, and Mohammad Reza Aref, First Vice-President of the Islamic Republic of Iran, also took part in the Forum as guests of honor. The Forum was attended by a large delegation from Iran. The EAEU–Iran business dialogue included a panel discussion, during which conceptual issues of trade and economic cooperation development were discussed, as well as sectoral round tables that considered practical tasks in agriculture, industry, transportation and financial instruments for trade and investment facilitation. As part of sectoral round tables, representatives of EAEU business associations and businesses also presented their current and upcoming projects. Green Eurasia International Climate Competition Within the framework of the Forum, the Agency for Strategic Initiatives together with the Eurasian Economic Commission held the Green Eurasia competition for the second time, aiming at identifying technology leaders of the "green agenda" and popularizing effective practices for climate adaptation of the economy to climate change effects. Best Practices recognized by the experts will be recommended for replication. This year Green Eurasia was open to participants from all over the world. The competition became a large-scale platform to exchange experience in strengthening climate resilience. In total, over 300 applications were submitted for 15 categories. The competition winners and finalists were 57 best climate practices from the Russian Federation, Belarus, Kazakhstan, Kyrgyzstan, Iran, Egypt, Indonesia and Uzbekistan.  The award ceremony featured Mher Grigoryan, Deputy Prime Minister of the Republic of Armenia; Igor Petrishenko, Deputy Prime Minister of the Republic of Belarus; Serik Zhumangarin, Deputy Prime Minister and Minister of Trade and Integration of the Republic of Kazakhstan; Adylbek Kasymaliev, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic; Alexey Overchuk, Deputy Chairman of the Government of the Russian Federation; as well as Andrey Slepnev, EEC Minister in charge of Trade. Agreements An action plan (road map) on interaction between the Eurasian Economic Commission and the Regional Commonwealth in the Field of Communications for 2024–2027 was signed. The signatories were Varos Simonyan, EEC Minister in charge of Internal Markets, Information Support, Information & Communication Technologies, and Alexey Borodin, Director General of the Regional Commonwealth in the Field of Communications.  An agreement on cooperation was signed between the Industrial Cluster of the Republic of Tatarstan and the Association of Legal Entities "Kazakhstan Electric Power Association". The document was signed by Sergei Mayorov, chairman of the Industrial Cluster of the Republic of Tatarstan, and Talgat Temirkhanov, chairman of the Association of Legal Entities "Kazakhstan Electric Power Association".  Information partners of the 3rd Eurasian Economic Forum: TASS news agency, Belteleradiocompany, Public Radio of Armenia, Armenpress news agency, Islamic Republic News Agency (IRNA).
08 Oct 2024 Ruslan Davydov, "The Commission has made it easier for authorized economic operators to work with excisable goods" At a round table on alcohol labeling organized by the Chamber of Commerce and Industry of the Russian Federation, Ruslan Davydov, Minister in charge of Customs Cooperation of the Eurasian Economic Commission, spoke about the work being carried out by the EEC to expand the possibilities of applying special simplifications for authorized economic operators. In particular, Ruslan Davydov noted that in September this year the Commission lifted the ban on the use of simplifications in the importation of alcohol for the most verified participants of foreign economic activity, namely authorized economic operators. The ban had been in place for more than 10 years and was necessitated by high risks of this category of goods.  "This simplification will lead to a significant reduction in business costs, will contribute to the growth of budget revenues of the Union countries, as well as the development of entrepreneurial activity," the EEC Minister emphasized.  According to Ruslan Davydov, the EAEU is actively developing: the indicators characterizing foreign trade activities have grown by 50-60% on average over the ten years of the association's existence. At the same time, the global shift of foreign trade of the EAEU countries from the West to the East and South creates new opportunities for the accelerated EAEU development.
07 Oct 2024 Bakytzhan Sagintaev Sent Birthday Greetings to Vladimir Putin Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission, greeted Vladimir Putin, President of the Russian Federation and Member of the Supreme Eurasian Economic Council, on his birthday. "You stood at the origins of the Eurasian Economic Union and continue to make a great contribution to the development of this integration association," the letter of greetings reads. On behalf of the Eurasian Economic Commission and in his personal capacity, Bakytzhan Sagintaev wished Vladimir Putin good health, well-being and further achievements for the benefit of Russia and its citizens.
03 Oct 2024 Last Year, EAEU Countries Held about 40,000 Awareness-Raising Events on Consumer Rights Protection On October 3 the Board of the Eurasian Economic Commission endorsed the results of monitoring the work of the Eurasian Economic Union countries on implementing the Program of joint actions for consumer rights protection in 2023. These results are contained in the Report prepared by the Commission jointly with the authorized bodies of the EAEU Member States. As emphasized by Valentin Tataritsky, EEC Minister in charge of Technical Regulation, all the planned activities were carried out, including a number of recommendations adopted by the Board of the Commission, and a sociological survey was conducted to study consumer opinions on the protection of their rights in the EAEU. About 40,000 awareness-raising events were held, with more than 60 million citizens of the EAEU states taking part in them. The program of joint actions by the EAEU countries in the field of consumer rights protection was adopted in June 2022 and is valid until 2025. Government bodies, public organizations and business circles all take part in implementing the program activities. The key areas of joint work by the Member States within the program are establishing the organizational framework to create a mechanism for addressing the interests of consumers; developing the countries' common approaches in this area; promoting information interaction between the authorized bodies; holding joint events aimed at raising citizen awareness, developing the skills of rational and sustainable consumption, as well as creating the mechanisms for resolving cross-border disputes involving consumers. In 2023, the Program of joint actions for consumer rights protection in the Member States of the Union was implemented under the common theme "Informed Consumer — Responsible Business", which was approved by the Board of the Commission.
03 Oct 2024 EAEU Will Create a Service to Search for Information on Industrial Property Items The Board of the Eurasian Economic Commission endorsed the draft Agreement on the service allowing to search for information on industrial property items protected in these countries for submission to the governments of the Eurasian Economic Union countries for internal approval. The Agreement will make it possible to create an information resource containing data on trademarks, service marks, appellations of origin of goods and geographical indications registered in the Union states. "The introduction of a common search service will provide one-stop-shop access to information on industrial property items registered in the EAEU countries. The use will be remote and free of charge with the provision of opportunities to conduct an advanced search and use various criteria and filters," said Bakhyt Sultanov, EEC Minister in charge of Economy and Financial Policy. Such a search server arranged within the Union will contribute to reducing time and financial costs when requesting information, as well as to shaping effective marketing strategies for market participants. The draft Agreement is designed to implement the Strategy 2025 Action Plan approved by the Commission's Board in 2021.
02 Oct 2024 Outcomes of the meeting of the Eurasian Intergovernmental Council At the meeting of the Eurasian Intergovernmental Council on October 1 in Yerevan (Republic of Armenia), Heads of Government of the Eurasian Economic Union considered 22 issues. The Intergovernmental Council approved the Rules for Information Exchange in the Common Electricity Market of the Eurasian Economic Union. This is the final document in the set of rules for functioning of the common electricity market, the adoption of which is stipulated by the Treaty on the EAEU. The road map for implementing the Main Directions and Stages of the Coordinated (Harmonized) Transport Policy of the Member States of the Eurasian Economic Union for 2024–2026 was approved. Heads of Government of the EAEU countries approved a disposition on harmonizing legislation of the Eurasian Five countries in the field of civil aviation. The governments of the EAEU countries will organize the work on harmonizing legislation of the Member States in accordance with the norms and principles of the International Civil Aviation Organization in the field of aircraft airworthiness until January 1, 2025. Heads of Government of the Eurasian Economic Union signed the concept for establishing a common exchange market for goods. The main objectives of creating a common exchange market for goods are objective market pricing for exchange commodities, growing trade volumes in the Union, increasing the share of settlements in national currencies and the fair pricing for EAEU goods in the global market. At the same time, the issues of exchange trade in energy commodities will be coordinated as part of work on establishing common markets for energy resources. The Intergovernmental Council reviewed the report on crediting to and distributing between the budgets of the Eurasian Economic Union countries of import customs duties in 2023. According to the document, import duty revenues to the budgets of Member States increased by 46.8% compared to 2022, reaching a record of $14.8 billion. The amount of duties collected and distributed in 2023 is the highest since 2015. On October 1 in Yerevan, Heads of Government of the Eurasian Economic Union countries approved a medium-term strategic document — the Main Directions of Industrial Cooperation within the EAEU until 2030. The new medium-term benchmarks for industrial cooperation are in line with the trends of the Union industrial development. Also approved are joint forecasts for agricultural sector development, balances of supply and demand of the Member States for agricultural produce, foodstuffs, flax fiber, rawstock, cotton fiber and wool for 2024–2025. In addition, on the sidelines of the Eurasian Intergovernmental Council, Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission, and Abdulla Aripov, Prime Minister of the Republic of Uzbekistan, signed a joined action plan of the Eurasian Economic Commission and the Government of the Republic of Uzbekistan for 2024–2026. Within the Eurasian Intergovernmental Council meeting, an official ceremony of stamp cancellation on the occasion of the tenth anniversary of signing the Treaty on the Eurasian Economic Union was held with the participation of the Heads of Government of the EAEU Member States. The Intergovernmental Council decided that the next meeting will be held in Moscow on December 12–13. The Eurasian Intergovernmental Council meeting was attended by Heads of Government of the Eurasian Economic Union countries: Nikol Pashinyan, EAIC Chairman and Prime Minister of the Republic of Armenia, Roman Golovchenko, Prime Minister of the Republic of Belarus, Oljas Bektenov, Prime Minister of the Republic of Kazakhstan, Akylbek Japarov, Head of the Executive Office of the President — Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Mikhail Mishustin, Chairman of the Government of the Russian Federation, as well as Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission. Abdulla Aripov, Prime Minister of Uzbekistan, and Mohammad Reza Aref, First Vice-President of the Islamic Republic of Iran, also took part in the meeting.
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