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30 May 2025
EEC discussed issues of improving EAEU customs regulation
On April 30, the Eurasian Economic Commission held a meeting of the high-level Working Group on improving customs regulation chaired by Ruslan Davydov, the EEC Minister in charge of Customs Cooperation. It discussed amendments to the Customs Code of the Eurasian Economic Union concerning the simplified movement of containers across the EAEU customs border. The issues of increasing the efficiency of applying the customs transit procedure, as well as the exchange of information on fish catches and fish products were considered. The Working Group participants agreed to continue discussing the most sensitive issues. The next face-to-face meeting of the Working Group is scheduled to be held in May this year.
30 May 2025
Maxim Ermolovich: "Meetings of regional competition organizations help develop more efficient competition policy around the world"
The Eurasian Economic Commission, with the support of the Egyptian Competition Authority, held a working meeting of representatives of regional competition organizations in Cairo. It was attended by Maxim Ermolovich, the EEC Minister in charge of Competition and Antitrust Regulation. Such events, which have become traditional on the initiative of the EEC specialized unit, help international regional organizations cooperate constructively on relevant matters and share experience. The focus of the fifth meeting was on practices for efficient competition regulation. "We promote the benefits of regional cooperation, strengthen and expand interregional dialogue, adapt best competitive practices to the needs of each region and generate new ideas, which ultimately leads to a more efficient competitive policy around the world," believes Maxim Ermolovich. The EEC will continue to hold meetings of regional competition organizations. The fifth meeting was attended by the Chairman of the Egyptian Competition Authority, representatives of UNCTAD, the Common Market for Eastern and Southern Africa, the East African Community, the West African Economic and Monetary Union, the Economic Community of West African States, the Arab Competition Network, the Association of Southeast Asian Nations, BRICS and the Caribbean Community.
15 May 2025
Arzybek Kozhoshev met with Grace Sun, President of Global Logistics Alliance
On the sidelines of the 12th Global Logistics Conference, being held in Dubai (UAE) on May 15-18, Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, held a working meeting with Grace Sun, President of the Global Logistics Alliance. During the meeting, the two sides discussed issues of cooperation in the field of transport and outlined important areas of further cooperation, noting that the traditional platform of the Conference contributes to the development of Eurasian transport corridors and the implementation of priority integration infrastructure projects in the field of EAEU transport. "The Eurasian Economic Commission is open to dialogue, partnership and exchange of experience. We invite you to cooperate actively both at the level of strategic initiatives and within specific projects," noted Arzybek Kozhoshev. The two sides also discussed the possibility of holding the next Global Logistics Conference in Astana (Republic of Kazakhstan) with the involvement of interested government agencies, international organizations and the business community.
15 May 2025
Bakytzhan Sagintaev held negotiations with Svetlana Gusar, Board Chair of Eurasian Reinsurance Company
Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission, held a working meeting with Svetlana Gusar, Chair of the Board of the Eurasian Reinsurance Company (ERC). During the meeting they discussed issues of cooperation in the field of insurance activities for the promotion of trade of the Eurasian Economic Union countries. The two sides agreed to further pursue working contacts and develop practical interaction. The ERC was established by the EAEU countries on the basis of the Agreement on the Incorporation of the Eurasian Reinsurance Company dated October 20, 2022 (entered into force on November 22, 2023).
15 May 2025
EAEU & Iran: full-fledged free trade agreement entered into force
On May 15, 2025, a full-fledged Free Trade Agreement between the Eurasian Economic Union and its Member States, on the one part, and the Islamic Republic of Iran, on the other part, entered into force. It will replace the interim agreement with restricted commodity coverage, which had been in effect since 2019, and will create unique conditions for manufacturers from EAEU countries to access the Iranian market. Hence, the average rate of import customs duty on goods supplied from the Union to Iran will decrease from 20% to 4.5%. "As part of implementing the full-fledged agreement, the parties have already started organizing the first meeting of the Joint Committee, scheduled for the second half of 2025, during which it is planned to discuss specific issues of further development of trade and economic cooperation between the Eurasian Economic Union and the Islamic Republic of Iran," mentioned Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission. The new agreement enshrines mutual obligations of the EAEU and Iran on preferential market access covering 90% of the entire commodity nomenclature. Compared to the interim agreement, the full-fledged agreement has a significantly improved regulatory part aimed at creating a barrier-free trade space between the parties. According to experts, its implementation will make it possible to multiply the trade turnover between the EAEU and Iran, which in the medium term may reach $12 billion.
15 May 2025
EEC develops interaction with Uzbekistan in food safety
The headquarters of the Eurasian Economic Commission hosted a seminar with representatives of the Committee for Sanitary and Epidemiological Welfare and Public Health under the Ministry of Health of the Republic of Uzbekistan, organized by the EEC in accordance with the Memorandum of Cooperation with the Government of Uzbekistan and the relevant joint action plan for 2024-2026. Representatives of authorized authorities and a number of scientific organizations from the Eurasian Economic Union and Uzbekistan discussed ensuring the safety of food and other products in mutual trade. "Our meetings with colleagues from the Republic of Uzbekistan have become regular. They allow getting a lot of useful information and discussing specialized issues," highlighted Vladimir Sinkevich, Director of the EEC Department for Sanitary, Phytosanitary and Veterinary Measures. Saliya Karymbaeva, Deputy Director of the Department, informed the Uzbek counterparts about the approaches to updating sanitary, epidemiological and hygienic safety requirements for products in the EAEU. In turn, the Uzbek side made a presentation on reforming the food safety system in the Republic of Uzbekistan in accordance with the standards established by the Codex Alimentarius Commission. Communication at the seminar was another important step in the development of cooperation between the EEC, sanitary and epidemiological services of Uzbekistan and the Union countries on ensuring food safety, developing joint approaches to the supervision over the circulation of goods and fulfilling scientific potential in this area. "Joint research between Uzbekistan and the EAEU States will be aimed at implementing the principle that underlies the work of sanitary authorities of all countries — the priority of human life and health and the welfare of society as a whole," stressed Nurmat Atabekov, First Deputy Chairman of the Committee for Sanitary and Epidemiological Welfare and Public Health under the Ministry of Health of the Republic of Uzbekistan. The seminar resulted in noting the need to hold events of this format for the implementation of joint decisions within the EAEU, including with the participation of Observer States.
15 May 2025
Eldar Alisherov met with deputies of Kyrgyz Jogorku Kenesh
Further development of economic cooperation of the Kyrgyz Republic with its partners in the Eurasian Economic Union was discussed at the meeting between Eldar Alisherov, Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission, and deputies of the Jogorku Kenesh of the Kyrgyz Republic. Emphasis was placed on the implementation of the Strategic Directions for Developing the Eurasian Economic Integration until 2025 and the Eurasian Economic Path Declaration on Further Development of Economic Processes within the Eurasian Economic Union until 2030 and for the Period until 2045. The meeting was also attended by Alexey Vedev, Director of the EEC Macroeconomic Policy Department, who noted that in 2024 Kyrgyzstan achieved a high economic growth rate of 9%, which is several times higher than the global average (3.2%). According to him, this is a consequence of the measures taken nationally and the quality of macroeconomic management, as well as improving the sustainability and balance of economic development. According to EEC estimates, economic growth was spurred by high investment activity and a decline in the shadow economy. Price stability was ensured: consumer price growth amounted to 6.3%, which is in line with the medium-term inflation target. The fiscal and debt sustainability improved: the budget was executed with a surplus, and the ratio of public debt to GDP decreased significantly. The measures taken allow maintaining positive macroeconomic dynamics, as is confirmed by the results of monitoring the social and economic development of Kyrgyzstan for the first quarter of 2025, conducted by the Commission.
15 May 2025
Mikhail Cherekaev spoke at Russia – Islamic World Forum about EEC's work on free trade agreements
Mikhail Cherekaev, Deputy Director of the Eurasian Economic Commission's Trade Policy Department, took part in the session Eurasian Partnership: Drivers of Economic Growth through Interregional Cooperation as part of the Russia – Islamic World international economic forum organized in Kazan by the Eurasian Business Association. The EEC representative reported on the work being done by the Eurasian Economic Union countries and the Commission to conclude preferential trade agreements, in particular the negotiations with the United Arab Emirates and the Republic of Indonesia. On a separate note, Mikhail Cherekaev spoke about the successful cooperation with the Islamic Republic of Iran. "We attach great importance to enhancing our interaction with the business community. This is important both at the stage of shaping a position for negotiations with new free trade agreement partners and for implementing existing agreements in terms of information sharing about existing problems or barriers," mentioned the Deputy Director of the EEC Trade Policy Department.
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