News

Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission, held a working meeting with Timur Suleimenov, Chairman of the National Bank of the Republic of Kazakhstan.

During the negotiations, the parties considered the issues of harmonizing the financial legislation of the Eurasian Economic Union Member States and the prospects for establishing the EAEU common financial market.

Chairman of the EEC Board noted that the objectives of the common market are the development of mutual trade between the EAEU countries, simplification of procedures for cross-border transactions, and fostering mutual investment growth.

"The creation of the EAEU common financial market is meant to ensure the efficient allocation of capital, enhance competition in the financial services market, remove barriers to mutual access, create favorable conditions for broad availability of financial products to businesses and households, as well as ensure that investors and consumers of financial services are protected," Bakytzhan Sagintaev said.

To implement this task, the Eurasian Economic Commission, jointly with the Member States, has been working systematically and preparing a whole range of international agreements.

The negotiations resulted in Bakytzhan Sagintaev and Timur Suleimenov agreeing to further maintain working contacts and develop practical interaction between the organizations.