EEC continues to form common market of services in EAEU countries

The general annual meeting of the FBA EAC members was held in Moscow at the headquarters of the Financial and Business Association of Euro-Asian Cooperation (FBA EAC), where Bakytzhan Sagintaev, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission and Chairman of the Supervisory Board of the Association, delivered welcoming remarks.

The EEC Minister has informed about the work carried out by the Commission to expand the number of services and form a common market of services in the EAEU countries, which is one of the priorities of the Eurasian integration.

Besides, the importance was noted of involving entrepreneurs in the process of developing regulations during the regulatory impact assessment of the Commission's draft decisions.

Relevant matters of developing electronic commerce, improving business taxation and forming settlement and payment mechanisms in the Union based on using national currencies were outlined as well.

In conclusion, Bakytzhan Sagintaev stressed the importance of deepening cooperation in the EAEU space and strengthening the potential of our countries’ economies by creating favorable conditions for business development and operations.


For reference

The Financial and Business Association of Euro-Asian Cooperation (FBA EAC) is a public non-governmental organization founded in 2013. Its main objective is to meet the needs of national market participants of members of the Association in organizing favorable conditions for their efficient business activities in Eurasia. The FBA EAC unites financial, banking and business unions of entrepreneurs, commercial organizations and banks, public and scientific-production associations from 26 Eurasian countries, including Armenia, Belarus, Kazakhstan and Russia.