30 Jun 2025 Thai entrepreneurs positively assessed prospects of operating in EAEU market At the request of Thailand's business community, the Eurasian Economic Commission, jointly with the Royal Thai Embassy in Moscow and the Thai Trade Center in Moscow, organized an online seminar "EAEU Rising Potential Markets for Thai Entrepreneurs in the Dynamic International Trade". "A developed and clear infrastructure of interaction between the Eurasian Economic Union and Thailand is established. The EEC and the Government of Thailand continue to implement the Memorandum of Cooperation concluded in 2018. There were two meetings of the joint working group. The key areas of cooperation of greatest interest are identified," told Mikael Belluyan, Director of the EEC Integration Development Department. He also noted that the EAEU-Thailand dialogue is open for businesses. Most of the events organized by the EEC, including those targeting ASEAN countries, are held for business audiences and enable direct communication between entrepreneurs. The Head of the Department noted the potentially priority areas of cooperation that could be drivers for developing the EAEU-Thailand dialogue featuring business circles. These are digitalization, industrial cooperation and food security, transport and logistics, and the financial services sector, including payment issues. In turn, Sunanta Kangwalkulkij, Director of the Department of International Trade Promotion of the Ministry of Commerce of the Kingdom of Thailand, positively assessed the opportunity of unlocking the high potential of trade and economic cooperation between Thailand and each of the EAEU states. The seminar focused on practical procedures of access to the EAEU market, trade policy, customs and tariff regulation in the Union, the potential for cooperation between the Member States and Thailand in the field of industry, transport and logistics. Representatives of Thai business circles shared positive examples of their operation in the EAEU market.
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 Arzybek Kozhoshev: "The common market will ensure equal access to transboundary trade in electricity" Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, took part in the round table "EAEU Common Electric Power Market: Future Outlook" at the EEF 2025 in Minsk, dedicated to the prospects of integrating the electric power markets of the Eurasian Five States. "The common market will provide equal access to transboundary trade in electricity, expand the volume and methods of mutual trade, make it possible to equalize the load schedule in the energy systems of the Eurasian Economic Union countries and abandon excessive construction of generating capacities. This will increase the energy security of the Member States," Arzybek Kozhoshev noted. The event participants noted the progress in establishing the regulatory framework for the EAEU common electric power market, considered the specifics of reforming and developing the internal electric power markets in the context of integration and identified the prospects and priorities for the development of the real sector and the business community of the Union countries under the conditions of the future market functioning. "By now, almost the entire regulatory framework for the functioning of the electric power market has been approved, and the Accession Treaty with regulations has been prepared to a large extent. At the same time, it is extremely important to follow the principles of establishment and functioning of the common electric power market enshrined in the Treaty and implemented in the rules, including in view of the extensive impact of the electric power industry on the real sector," Arzybek Kozhoshev informed. The round table was attended by heads and experts from more than 50 industry organizations, confirming the high interest of business and regulators in the establishment of a common electric power space. The discussion participants were heads of energy agencies and representatives of infrastructure and exchange organizations of the EAEU States.
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