News

Bakytzhan Sagintayev, Chairman of the Board of the Eurasian Economic Commission, took part in the congress of the Russian Union of Industrialists and Entrepreneurs (RUIE) held in Moscow on April 25. 

Welcoming the participants of the event, Bakytzhan Sagintayev noted the important role RUIE plays in the practical implementation of the priority direction of Eurasian integration – establishing a dialogue between the business communities of the Eurasian Economic Union States. 

In his speech, the Chairman of the EEC Board focused on approaches to stimulating entrepreneurship within the EAEU.

In particular, Bakytzhan Sagintayev reported on the current formats of interaction between the Commission and the business community of the countries participating in the association.

To improve the business climate within the EAEU space, the impact of supranational regulation on business conditions is being assessed, the legal framework is constantly being improved, and obstacles to mutual trade are being eliminated.

Speaking about the mechanisms to promote the business activity growth within the EAEU space, the Chairman of the EEC Board dwelt in detail on the financing of industrial cooperation projects. This year, about 1.8 billion rubles have been allocated for these purposes.

Bakytzhan Sagintayev called on the business community to become more actively involved in this program, emphasizing that establishing close cooperation ties for manufacture of competitive and export-oriented products that meet advanced international standards will contribute to accelerated technological development and strengthening the EAEU position on the world stage. “In general, the Commission’ activities focus on creating conditions for the entrepreneurs from our countries to most efficiently use the EAEU’s integration potential. We are interested in further expanding cooperation with businesses,” Bakytzhan Sagintayev summed up.