19 Mar 2025 Bakytzhan Sagintaev held negotiations with Botirzhon Asadov, Ambassador of Uzbekistan to Russia A working meeting between Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission, and Botirzhon Asadov, Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to the Russian Federation, was held on March 19 at the Eurasian Economic Commission's headquarters. During the conversation, there was a thorough exchange of views on further development of trade and economic cooperation between the Eurasian Economic Union States and Uzbekistan. In particular, the parties considered the implementation of the Joint Action Plan of the EEC and the Government of Uzbekistan for 2024 – 2026. The Chairman of the EEC Board emphasized that at present Uzbekistan ranks first among the EAEU trade partners from the CIS countries. “Foreign trade turnover between Uzbekistan and the Eurasian “Five” States increased by 7.3% in 2024 compared to 2023, amounting to 17.5 bln US dollars. The EAEU countries account for more than a quarter of Uzbekistan's total foreign trade turnover,” Bakytzhan Sagintaev noted. The parties noted the activities of the Joint Working Group established under the Memorandum of Interaction between the EEC and the Government of Uzbekistan. Following the meeting, Bakytzhan Sagintaev invited the Uzbek delegation to take part in the main business event of the EAEU – the Eurasian Economic Forum to be held in June 2025 in Minsk.
21 Feb 2025 Rate of import customs duty on vehicle monoblock air conditioners set at 8% for two years On February 21, the Eurasian Economic Commission's Council decided to create a separate subheading for vehicle air conditioners of monoblock type (in a single body) from the 8415 20 000 9 code of the CN FEA of the EAEU and set the rate of import customs duty at 8% of the customs value for a period of two years. At present, the Common Customs Tariff of the Eurasian Economic Union establishes a zero rate of import customs duty in respect of goods under subheading 8415 20 000 9 of the CN FEA of the EAEU. “The adopted customs tariff regulation measure is aimed at supporting the rapidly developing industry in the EAEU for manufacturing vehicle air conditioners for the needs of railway and automobile engineering enterprises,” noted Vahagn Ghazaryan, Director of the EEC Tariff and Non-Tariff Customs Regulation Department. He emphasized that today domestic manufacturers seriously lose in competition with foreign suppliers, which is caused by the imbalance between import duties on finished products and components for their manufacture. Owing to this, it is often cheaper to import finished conditioners than to manufacture them in the domestic market. “Along with that, our business makes massive investments not only in the assembly of air conditioners, but also in mastering the lacking technologies, including the manufacture of key components for them,” Vahagn Ghazaryan added. According to him, the next meeting of the EEC Board will also make the required amendments to the explanations to the CN FEA of the EAEU. The Decision shall come into effect after 10 calendar days have elapsed from the date of its official publication.
18 Feb 2025 EAEU countries' general approaches to reviewing consumer protection legislation approved At its meeting held on February 18, the Eurasian Economic Commission's Board approved the topic of information work on consumer rights protection in the Eurasian Economic Union for 2025: “Consumer in the Spotlight: From Balance of Interests to Fair Dispute Settlement”. It emphasizes the importance of consumer rights protection in developing the EAEU common market. In their joint activities in this field, the Union countries strive to balance the interests of business and society, creating fair and safe conditions for all market participants. The Commission's Board also approved the Member States' general approaches to conducting reviews of consumer protection legislation. The States were recommended to study the completeness and efficiency of relevant regulatory documents to ensure the protection of buyers' safety and health, their economic interests, access to information, and dispute resolution mechanisms. The adopted recommendations are aimed at providing unbiased and systematized information on legal regulation in the field of consumer rights protection. Owing to their application, the Union States will be able to identify existing gaps and adapt their regulations to market changes and public needs. The review results will be considered at meetings of the relevant Advisory Committee to develop solutions aimed at strengthening the protection of citizens' rights. The Board's recommendations were adopted in accordance with the Joint Action Program of the EAEU countries on consumer rights protection.
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