The Eurasian Economic Commission's Board approved a recommendation to the Eurasian Economic Union countries "On creating the most favorable conditions for establishing and doing business".
The recommendation envisages applying the "single window" principle, implementing digitalization in the interaction between the state and the business community, reducing the time for registration and liquidation of legal entities, improving control and supervisory procedures and other measures.
Implementing the recommendation will make it possible to improve business environment in the Union countries and the EAEU business climate.
"The Union countries' business community took a favourable view of the recommendation," noted Bakytzhan Sagintaev, EEC Minister in charge of Economy and Financial Policy.
For reference
The recommendation was elaborated in accordance with Paragraph 1.7.1 of the Action Plan for implementing the Strategic Directions for Developing the Eurasian Economic Integration until 2025 approved by Disposition No. 4 of the Eurasian Economic Commission’s Council dated April 5, 2021. This paragraph of the Plan envisages the improvement of the business and investment climate in the Union countries with due regard to the best international and national practices.
