The Heads of Government of the Eurasian Economic Union countries were presented with a report on monitoring the regulatory impact assessment (RIA) of the Eurasian Economic Commission’s draft decisions in 2022.
Growing regulatory activities of the Commission are evidenced by a significant increase in the number of projects that underwent the RIA procedure in 2022: by 32% on projects that were publicly discussed and by 49% on projects that received RIA determinations.
A 20% increase was registered in the level of the Union business and expert community involvement. Out of all business proposals received, 50% were taken into account when finalizing draft decisions of the Commission.
“Last year, the share of positive RIA determinations reached the highest level (since 2015) - 97%,” noted Bakytzhan Sagintayev, EEC Minister in charge of Economy and Financial Policy.
In order to further improve the tool for assessing the impact of regulation on the business environment as part of implementing the Strategic Directions for Developing the Eurasian Economic Integration until 2025, a draft amendment to the Rules of Procedure of the Commission has been prepared to establish procedures for assessing the actual impact of the Commission’s decisions and the RIA in relation to draft international treaties within the EAEU. These procedures are scheduled to be introduced from 2024.
For reference
The RIA is a procedure for assessing the impact of the EEC draft decisions on the business environment; when performing the RIA procedure, opinions of the Union countries’ business community are taken into account.
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.
