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27 Jun 2025 Andrey Slepnev: "Labelling of goods in the EAEU has proved its efficiency" This was stated by Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, after considering the development of the system for labelling goods with identification means at the June 27 meeting of the Supreme Eurasian Economic Council in Minsk. Since 2019, a total of about 274 billion commodity items have been labeled in the Eurasian Economic Union. The proven effects are market regularization, reduced volume of counterfeit products, an increased number of lawful companies, growing profitability of bona fide producers and increased budget receipts", said Andrey Slepnev. The effect of labelling is confirmed by the data of the EAEU countries. For example, in Armenia, the increase in the number of lawful producers and importers of goods amounted to 7%. In Kazakhstan, the turnover of counterfeit tobacco products decreased by $24.7 million. In the Russian Federation, the market regularization growth reached 22% for dairy products, 36% for light industry goods, 18% for footwear, 43% for perfumes. "The Member States' budgets have also benefited significantly from the introduction of labelling. The increase in tax and duty revenues is observed across all countries and directly depends on the number of categories of goods for which labelling is introduced in each country," said Andrey Slepnev. For example, in Russia, where the maximum number of categories of goods are labeled, the additional budget revenues from the sale of labeled products amounted to $15 billion, while in Kyrgyzstan to $68 million. In Belarus, where national labelling was previously in effect, which significantly regularized the market even before the introduction of the all-Union rules, the additional budget revenues reached $4.64 million. The next step will be further improvement of the labelling system to better combat illegal products.  "The first priority is to strengthen the role of national labelling systems for controlling the legality of origin and safety of goods," emphasized Andrey Slepnev. In addition, the all-Union work will continue on the technological improvement of the EAEU labelling system and on the legal safeguarding of the freedom of movement of labeled goods.

27 Jun 2025 EAEU and Mongolia concluded interim trade agreement On the sidelines of the June 27 Supreme Eurasian Economic Council's meeting in Minsk, an Interim Trade Agreement was signed between the Eurasian Economic Union and its Member States, on the one part, and Mongolia, on the other part. The document was signed by: Mher Grigoryan, Vice Prime Minister of the Republic of Armenia; Natalia Petkevich, Deputy Prime Minister of the Republic of Belarus; Serik Jumangarin, Deputy Prime Minister — Minister of National Economy of the Republic of Kazakhstan; Daniyar Amangeldiev, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic; Alexey Overchuk, Deputy Chairman of the Government of the Russian Federation; Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission; as well as Uchral Nyam-osor, Deputy Prime Minister of Mongolia and Minister of Economy and Development. The signed agreement marks a new stage in the development of trade relations between the EAEU countries and Mongolia. It covers 367 commodity sub-items for each party, on which customs duties will be zeroed out or reduced from the date the document enters into force. The agreement is concluded for three years with a possibility to renew it for an additional three-year period. "According to statistics, tariff preferences will cover $2 billion of EAEU exports to Mongolia, i.e. more than 90%. The agreed preferences will allow EAEU companies to save up to $100 million annually," noted Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission. As he explained, in accordance with the signed trade agreement agriculturists of the EAEU countries will have preferential conditions for supplying to the Mongolian market such essentials as wheat, corn, dairy products, vegetable oils, meat and poultry products, sugar, confectionery, cheese, mineral water and alcoholic beverages. As for industrial goods, growth in supplies is forecast for metallurgy products (ferroalloys, hot-rolled and cold-rolled steel, rods, angles, pipes, etc.), motor vehicles (cars, buses, trucks, special machinery, automotive components, trailers, etc.), products of railway engineering and chemical industry (polymers, plastic sheets and parts), tires, nitrogen fertilizers, medicines, etc. In turn, Mongolian goods with preferential access will be meat (horse meat, cattle meat, mutton, canned meat, offal), dairy products (yogurts, cheese), light industry goods (wool, yarns), as well as finished light industry products of high-quality, including knitted and textile clothing. Possibilities for further cooperation are set out in the non-tariff part of the agreement: in technical regulation, sanitary, veterinary and phytosanitary measures, customs cooperation, e-commerce and economic cooperation. "Over the past few years, trade turnover between the EAEU and Mongolia has already grown more than one and a half times. We expect that once the agreement is operational, this trend will be maintained and reinforced, which will allow us to increase our trade turnover to $3 billion," Andrey Slepnev stated. Once signed, the Interim Trade Agreement will be submitted for ratification procedures in Mongolia and the EAEU countries required for its enactment.

27 Jun 2025 EAEU and UAE signed economic partnership agreement On the sidelines of the June 27 Supreme Eurasian Economic Council's meeting in Minsk, an Economic Partnership Agreement was signed between the Eurasian Economic Union and its Member States, on the one part, and the United Arab Emirates, on the other part. The document was signed by: Mher Grigoryan, Vice Prime Minister of the Republic of Armenia; Natalia Petkevich, Deputy Prime Minister of the Republic of Belarus; Serik Jumangarin, Deputy Prime Minister — Minister of National Economy of the Republic of Kazakhstan; Daniyar Amangeldiev, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic; Alexey Overchuk, Deputy Chairman of the Government of the Russian Federation; Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission; as well as Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the United Arab Emirates. The United Arab Emirates is one of the EAEU's main trading partners among the Gulf countries. The signed Economic Partnership Agreement is expected to mark a new milestone in trade relations with the UAE and take mutual trade to a new level. The work to conclude the Economic Partnership Agreement between the EAEU and the UAE, aimed at maximizing cooperation, lasted two and a half years. The created conditions will significantly increase trade turnover between the parties. "Within the framework of the new trade regime being established, the Emirati party has ensured preferential access for 86% of the commodity nomenclature. The Union's concessions cover 85% of the partner's commodity nomenclature," noted Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission. He specified that the preferential export coverage for our countries will extend to over 98% of current exports, or more than $12.1 billion in value terms. As a result of liberalizing the trade regime, the average rate applied by the UAE to EAEU goods will be reduced from 5% to 0.6%. Thus, annual savings on import customs duties are estimated at more than $260 million. In terms of goods, preferential access will be granted to key EAEU agricultural goods such as grains (wheat, barley, corn), meat (cattle, mutton, offal), poultry meat, eggs, dried vegetables (chickpeas, peas, lentils, beans), vegetable oil, dairy products (whole milk, milk powder, yogurts, whey, butter, cheese), confectionery, honey, mineral water, jams, chocolate. In terms of the industrial sector, concessions are granted to the following categories of goods: metallurgy products (rolled alloy steel products, hot-rolled and cold-rolled steel, finished ferrous metal products, pipes, sections and angles, iron, aluminum and copper wire, aluminum foil, etc.), petroleum products (including light and other distillates), timber products (boards, plywood, pallets, furniture, etc.), pulp, printing products, drilling tools, and a wide range of mechanical equipment, from turbines to certain types of pumps. Liberalization will also affect electrical equipment (generator units, primary elements and primary batteries, electric batteries, etc.), railway containers, motor vehicles including special machinery, cosmetics (hair products, perfumes, deodorants, etc.), chemical products (paints, oils, surfactants, fertilizers) and medicines. The United Arab Emirates will be able to increase supplies of a wide range of consumer goods. These involve cosmetics, perfumes, watches, certain types of clothing. "The agreement is really ambitious, and not only in terms of tariff liberalization, but also in terms of the regulatory environment it shapes," Andrey Slepnev told. According to him, the document enshrines provisions that meet the best international standards regarding e-commerce, economic cooperation and involvement of SMEs in foreign economic activities between the EAEU countries and the UAE. "Our trade has more than tripled since 2020. Thanks to the enthusiasm of businesses and active work of the EEC and regulators of our countries in the near future once the agreement is effective, the trade turnover may exceed $20 billion," the EEC Minister in charge of Trade expressed confidence. Once signed, the economic partnership agreement will be submitted for ratification procedures in the UAE and EAEU countries required for its enactment.

27 Jun 2025 EAEU defined Main Directions of Economic Cooperation in Sports Today, the leaders of the Eurasian Economic Union five States approved the Main Directions of Economic Cooperation in Sports. The document, envisaged in the Strategy for Developing Eurasian Economic Integration until 2025, defines the main cooperation directions: the development of sports infrastructure, increased production of sports goods and their exchange, the development of sports industry services, including sports tourism, as well as the organization of joint forums and exhibitions. The geographical proximity of the Five countries and developed sports infrastructure are highlighted as the main factors of economic cooperation. "Together, these factors create a favorable basis for synergy and enhanced integration processes. Jointly, we will be able to provide citizens of the Union with quality sports products, develop sports infrastructure and bring economic cooperation in the field of sports to a new level," commented Bakhyt Sultanov, Minister in charge Economy and Financial Policy of the Eurasian Economic Commission.  

27 Jun 2025 EAEU summarized results of compliance with Rules for Regulating Trade in Services in 2023–2024 The Supreme Eurasian Economic Council reviewed the Report prepared by the countries' governments and the Eurasian Economic Commission on the results of monitoring the implementation by the Eurasian Economic Union States of the provisions of the Rules for Regulating Trade in Services, Incorporation and Activities in 2023–2024. The Report reflects key aspects of compliance with the Rules, in particular the application of business-friendly procedures in the states. These include regulatory impact assessment (RIA), application of the "silence implies consent" principle and introduction of a risk-based approach to business inspections. "We see positive dynamic in the incorporation of the Rules in the legislation of the participating countries. The report confirms that the implementation of conditions stipulated in the document reaches 100 percent. This is an important step toward creating transparent and comfortable conditions for business within the Union," said Bakhyt Sultanov, EEC Minister in charge of Economy and Financial Policy. The EEC Minister drew attention to the importance of implementing the principle "silence implies consent," according to which the competent public authority within the established time limit must either issue a relevant permit to the applicant or provide a reasonable rejection, otherwise the applicant automatically acquires the right to perform the activity for which the application was submitted. The Report for 2023–2024, as well as for prior periods, is available on the Commission's website.

27 Jun 2025 Supreme Eurasian Economic Council approved report on liberalizing certain EAEU service sectors A meeting of the Supreme Eurasian Economic Council adopted a report on implementing liberalization plans for certain service sectors within the EAEU. The report presents the results of the 2024 monitoring of tourism, meteorology, surveying, appraisal activities, construction and cinematography. The meeting took note of finalizing the development of administrative cooperation agreements as well as elaborating methodological recommendations for harmonizing regulation in these sectors. "The adopted report reaffirms our shared commitment to creating a common market of services without barriers. Liberalization of key sectors will open up new business opportunities and strengthen economic interaction between the Union countries. It is especially important now to focus on the coordination of methodological approaches to ensure equal conditions for all market participants," commented Bakhyt Sultanov, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission. 

26 Jun 2025 Arzybek Kozhoshev, "Today, transport is a basic condition for access to work, education, social life" The impact of transport integration on sustainable development in Eurasia was the main topic of the session "Sustainable Transport in the Eurasian Region: Mobility, Multimodality and Digitalization". The event was held in Minsk as part of the 4th Eurasian Economic Forum. "Transport and infrastructure should be accessible to all segments of the population, including residents of remote areas, with fair fees," said Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission. During the presentations, the development of digital technologies, infrastructure, international transport corridors, container and multimodal transportation was discussed in detail. The discussion also covered the issues of energy efficiency, pollution reduction and transport congestion. The EEC Minister noted that "the EAEU is consistently and dynamically moving toward implementing the sustainable transport principles. The focus is on increasing the efficiency of the Union's transit utilization, developing smart transport systems and modernizing infrastructure." The discussion brought together representatives of government agencies, business community and international organizations. The session speakers were the heads of the Ministry of Territorial Administration and Infrastructure of the Republic of Armenia, the Ministry of Transport and Communications of the Republic of Belarus, the Ministry of Transport of the Republic of Kazakhstan, the Ministry of Transport and Communications of the Kyrgyz Republic, the Ministry of Transport of the Russian Federation and the Executive Committee of the Transportation Advisory Board of the CIS Member States, representatives of Iran. 

26 Jun 2025 Bakytzhan Sagintaev Held Negotiations with Prime Minister of Myanmar Min Aung Hlaing On June 26 on the sidelines of the Eurasian Economic Forum in Minsk, Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission, held a working meeting with Min Aung Hlaing, Chairman of the State Administrative Council and Prime Minister of the Republic of the Union of Myanmar. The parties discussed cooperation between the Eurasian Economic Union countries and Myanmar in accordance with the Memorandum of Cooperation. "Since the signing of the Memorandum, positive dynamics has been observed on a wide range of economic agenda items of our cooperation," Bakytzhan Sagintaev noted. "The EAEU states' trade turnover with Myanmar has more than tripled in 2019–2024, exceeding $1.5 billion." The Head of the EEC Board emphasized that raising awareness with the parties about each other's trade and economic opportunities will create the necessary conditions for developing interaction. At the end of the meeting Bakytzhan Sagintaev and Min Aung Hlaing agreed that interaction between the business circles will give additional impetus to the dialogue between the EAEU and Myanmar. This will also make it possible to identify new promising areas of cooperation. The key exports of Myanmar to the EAEU countries are rice, coffee, palm oil and cocoa beans. Imports to Myanmar are dominated by mineral fertilizers, consumer goods, machinery and equipment, metals, edible oils, cement and medicines.

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