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02 Nov 2020 EAEU trade with Iran grows despite pandemic The Eurasian Economic Union (EAEU) countries and Iran are increasing mutual trade volumes despite the pandemic. For instance, in 8 months of this year the trade turnover increased by 2% and exceeded 2 bln US dollars. The main contribution to the gain was made by increase in imports from Iran by almost 230 mln US dollars. Among the Union Member States, exports increased for Armenia. This was reported by Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission (EEC) at a meeting of Co-chairs of the Joint Committee established in accordance with the Interim Agreement leading to the formation of a free trade area between the EAEU and the Islamic Republic of Iran. On the Iranian side, the meeting was attended by Hamid Zadbum, Deputy Minister of Industry and Trade of Iran and Head of Iranian Trade Promotion Organization. Agricultural products have become the basis of mutual trade. Food products and agricultural raw materials accounted for about 80% (939 mln US dollars) of deliveries from the EAEU countries to Iran, more than half of which (609 mln US dollars) were cereals. In turn, similar products accounted for most of deliveries from Iran to the Union — 68%, or 575 mln US dollars. Fruits and nuts have become the main drivers of import growth from Iran.

30 Oct 2020 EEC Council approved granting Cuba Observer State status at EAEU Draft decision of the Supreme Eurasian Economic Council on granting the Republic of Cuba the Observer State status at the Eurasian Economic Union was approved at the meeting of the Eurasian Economic Commission’s Council held on October 30. The final decision will be adopted by the Union’s Heads of State.

30 Oct 2020 Andrey Slepnev proposed to elaborate road map for developing trade and economic cooperation between EAEU and China Developing trade and economic relations was considered at the first meeting of the Joint Commission for implementing the Agreement on Trade and Economic Cooperation between the EEC and the PRC held on October 28 and chaired by Andrey Slepnev, Member of the Board — Minister in charge of Trade of the Eurasian Economic Commission, and Wang Shouwen, Deputy Minister of Commerce of the PRC. The sides have discussed elaborating a road map aimed at implementing the Agreement.

30 Oct 2020 EAEU to consider possibility of financing catching-up economies within development institutions The Eurasian Economic Commission’s Board, jointly with the Governments of the Eurasian Economic Union States, the Eurasian Development Bank (EDB) and the Eurasian Fund for Stabilization and Development (EFSD), will address the proposal submitted by the Kyrgyz Republic on introducing mechanisms and programs for special-purpose financing of the EAEU catching-up economies within active development institutions. This instruction was given by the EEC Council at a meeting held on October 30.

30 Oct 2020 Unified information system about unsafe products to start working in EAEU The Eurasian Economic Commission’s Council has set the deadline for implementing the pilot project on forming information system about goods that fail to confirm to requirements of the Eurasian Economic Union's technical regulations – July 1, 2021.

30 Oct 2020 Outcomes of EEC Council On October 30, the Eurasian Economic Commission’s Council approved draft decision of the Supreme Eurasian Economic Council on granting the Republic of Cuba the Observer State status at the Eurasian Economic Union. The final decision will be adopted by the Union’s Heads of State.

28 Oct 2020 Rules for medicines registration to clarify possibility of amending national marketing authorization applications until 2025 The draft amendments to the Rules for Marketing Authorization and Expert Assessment of Medicinal Products for Human Use were considered on October 26 at the third meeting of the Expert Committee for Medicinal Products chaired by Viktor Nazarenko, Member of the Board — Minister in charge of Technical Regulation of the Eurasian Economic Commission. The Working Group on common approaches to regulating the circulation of medicinal products within the Eurasian Economic Union prepared the amendments subject to practical application of the rules.

28 Oct 2020 Timur Zhaksylykov: "Implementing the Concept for forming the EAEU common financial market will eliminate existing barriers to the free movement of capital and financial services" At the 5th International Conference on Protecting Rights of Financial Service Consumers "Territory of Financial Security", Timur Zhaksylykov, Member of the Board — Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission, spoke about the activities to implement the provisions of the Concept for forming common financial market of the Eurasian Economic Union.

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