Bakhyt Sultanov, "The share of positive assessments of the impact of draft EEC decisions on the business environment has reached the maximum level"

The Eurasian Economic Commission's Board considered the annual report on monitoring the regulatory impact assessment (RIA) with regard to the Commission’s draft decisions in 2023.

On average, there are more than 14 business proposals per draft decision. This confirms the real demand for the RIA procedure by the business community of the EAEU countries.

"The share of positive opinions on RIA reached 98% – this is the highest level for the period of monitoring since 2015, which confirms the overall focus of the Commission's regulatory activity on improving the business environment," said Bakhyt Sultanov, EEC Minister in charge of Economy and Financial Policy.

The report also provides information on the readiness of the regulatory framework for the implementation of the actual impact assessment (AIA) of the adopted EEC decisions, as well as for the extension of AIA to draft international treaties within the Union. These procedures started to apply in March 2024.

The annual RIA monitoring report will be submitted to the Council of the Eurasian Economic Commission and subsequently presented to the Eurasian Intergovernmental Council for approval.

For reference

RIA is the procedure for assessing the impact of draft EEC decisions on the business environment. It takes into account the position of businesses of the EAEU countries. The RIA procedure consists of two stages: current assessment, i.e. public discussion of the EEC's draft decision on the Union's website for at least 30 calendar days and final assessment, i.e. preparation of the RIA statement by a specially created Working Group of the EEC.