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05 Dec 2024 Representatives of the Commission and the Latin American and Caribbean Economic System Discussed Best Practices The positive effects of Eurasian economic integration, cooperation in the field of public procurement and competition, approaches to generating statistics, as well as interaction between the business communities of the EAEU countries were discussed at the seminar EAEU–SELA: Best Integration Practices. The event held on December 3 via videoconferencing was co-chaired by Eldar Alisherov, Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission, and Clarems Endara Vera, Permanent Secretary of the Latin American and Caribbean Economic System (SELA). According to Eldar Alisherov, the EAEU consistently advocates deepening the dialogue between integration institutions. In recent months, contacts with the SCO, ASEAN, the African Union and subregional integration associations in Africa, as well as a number of other entities, has confirmed the growing role of integration associations in the global economy and also the importance of direct dialogue among them. The EEC Minister emphasized that understanding and analyzing the diversity of economic integration models in Latin America and the Caribbean is of practical interest to the EAEU in the context of the tasks to implement the Declaration on Further Development of Economic Processes within the EAEU until 2030 and for the period until 2045. "The agendas of the EAEU and the SELA coincide in many respects, with specific areas of cooperation to be determined by the business and expert community," Eldar Alisherov noted. He highlighted the importance of exchanging experience with the SELA in such areas as transport and financial infrastructure, logistics, food security, technological cooperation in industry and agriculture, tourism and health care. Clarems Endara Vera, Permanent Secretary of the Latin American and Caribbean Economic System, emphasized that in an era of global transformation, holding such seminars is important for sharing best practices in integration development. The heads of the EEC and the SELA Permanent Secretariat specialized departments, as well as representatives of the business communities of the two organizations spoke on the seminar agenda. In conclusion, the EEC Minister proposed to consider the possibility of holding the EAEU Days and the SELA Days at the headquarters of the two organizations, and invited the SELA partners to join the EEC events on SDGs and the dialogue among integration associations at the UN and key international forums. The parties also agreed to continue holding sector-specific seminars on other issues of mutual interest. The Memorandum of Understanding between the EEC and SELA was signed on May 24, 2018. The Latin American and Caribbean Economic System (SELA) is an intergovernmental regional organization comprising 25 countries in Latin America and the Caribbean, founded in 1975 under the Panama Convention. Member States: Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Colombia, Cuba, Chile, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Suriname, Trinidad and Tobago, Uruguay and Venezuela.
03 Dec 2024 Experts from EAEU Countries Reviewed Implementation of Agreed Macroeconomic Policy A meeting of the Advisory Committee on Macroeconomic Policy, chaired by Eldar Alisherov, Minister in charge of Integration and Macroeconomics, considered a report on the macroeconomic situation in the Eurasian Economic Union countries and proposals for ensuring sustainable economic development. According to experts, the Union economies are maintaining stable rates of economic growth this year, which are expected to be higher than the world average by the end of 2024. The report covers the trends in the global economy development, dynamics and prospects for economic development of the EAEU countries. It was also noted that budget and debt stability are maintained in the Eurasian Five countries. At the same time, achieving price stability remains one of the priorities of the macroeconomic policy of the Member States. At the meeting of the Advisory Committee, an assessment of the impact of integration processes on the EAEU economies for 2016–2023 was also presented. The parties emphasized the importance of the work done and decided to continue improving the methodology for assessing the impact of integration processes. The meeting participants discussed plans for joint work for 2025, including further improvement and development of the existing methods for monitoring macroeconomic stability, assessing the impact of integration effects and macroeconomic forecasting. The Advisory Committee on Macroeconomic Policy is an advisory body at the Board of the Commission, which ensures the preparation of opinions, proposals, recommendations and consultations on issues of agreed macroeconomic policy within the Eurasian Economic Union.  In accordance with Article 63 of the Treaty on the EAEU, the macroeconomic indicators that determine the sustainability of economic development include the inflation rate, the budget deficit of the public administration sector and the debt of the public administration sector.
27 Nov 2024 EAEU–ASEAN Business Dialogue Held in Malaysia On November 26 Kuala Lumpur, Malaysia, hosted the EAEU–ASEAN Business Dialogue within the international business forum World of Opportunities: Russia–ASEAN organized by the Roscongress Fund. At the event, the Eurasian Economic Commission was represented by Eldar Alisherov, EEC Minister in charge of Integration and Macroeconomics. "The EAEU's trade with ASEAN is showing steady double-digit growth, which indicates a great potential for the development of a multi-vector dialogue between the two associations both at the inter-integration and country levels," Eldar Alisherov noted. "And the key driver of this process is the business community." According to the EEC Minister, joint expert and business platforms of the EAEU and ASEAN allow establishing direct communication between entrepreneurs, eliminate information barriers and build a space of trust. "The key task facing the two associations today is to create transparent and clear conditions for interaction between the business communities of our countries," Eldar Alisherov emphasized. The EEC Minister noted that it is important to study the experience and best practices of the EAEU and ASEAN in such areas as artificial intelligence, green economy, big data economy. "Entrepreneurs from the countries belonging to the two associations actively assist in this, they identify existing restrictions and barriers in practice and seek to find ways to overcome them," Eldar Alisherov emphasized. "At the same time, the greatest potential for cooperation between business communities is concentrated in the issues of digitalization, industrial cooperation, food security, transport and logistics, and financial policy." The business dialogue was attended by Satvinder Singh, ASEAN Deputy Secretary General; Sangar Kandasamy, Co-Chairman of the Malaysian International Chamber of Commerce and Industry; William Ng, President of the Small and Medium Enterprises Association of Malaysia; representatives of business and expert circles from the EAEU and ASEAN countries. Kuala Lumpur also hosted working meetings of EEC Minister Eldar Alisherov with Oudet Souvannavong, Chair of the ASEAN Business Advisory Council, and Nazir Razak, Chairman of the ASEAN Business Advisory Council Malaysia. During the negotiations, the parties discussed the prospects of cooperation between the EAEU and ASEAN business circles and the key interaction benchmarks for 2025, the year of Malaysian chairmanship in ASEAN. The Memorandum of Understanding between the EEC and ASEAN on economic cooperation was signed in 2018. A Cooperation Program for 2020-2025 was adopted to implement the Memorandum. It covers such spheres as customs legislation and law enforcement practice, trade policy, business activities, technical and antitrust regulation, SPS measures, energy, functioning of internal markets, etc. The International Business Forum "World of Opportunities: Russia–ASEAN" was held on November 26-27 in the capital of Malaysia, Kuala Lumpur. Over 350 representatives of political, business and academic circles, mass media, as well as experts and public figures from 24 countries took part in the Forum over two days. The organizer was the Roscongress Fund. The Forum was the first major event under the Roscongress International brand. The EAEU–ASEAN Business Dialogue was organized by the Eurasian Economic Commission and the Russia–ASEAN Business Council.
Positive trend of business activity in EAEU countries to remain until year end 27 Nov 2024 Positive trend of business activity in EAEU countries to remain until year end According to the updated calculation of congruent and leading indicators, economic activity dynamics will remain positive in all countries of the Eurasian Economic Union until the end of the year. The trends previously established in most countries of the Union will continue: in Armenia and Kazakhstan, business activity growth is expected to accelerate, while in Belarus and Russia, such growth will slow down. After a brief slowdown, Kyrgyzstan has entered a recovery phase so further growth acceleration is forecast. The leading indicators are a forecasting tool used by the Eurasian Economic Commission to comprehend the direction of short-term business activity dynamics in the Eurasian Five countries. They accumulate the most important information about short-term processes unveiling the behavior of economic agents, as well as the main trends in the economy. 
27 Nov 2024 EEC and Malaysia Intend to Develop Dialogue Prospects for cooperation between the Eurasian Economic Commission and the Government of Malaysia were discussed at negotiations between Eldar Alisherov, EEC Minister in charge of Integration and Macroeconomics, and Mastura Ahmad Mustafa, Deputy Secretary General of the Ministry of Investment, Trade and Industry of Malaysia on November 27 in Kuala Lumpur. During the meeting, the EEC Minister informed the partners about current aspects of the Eurasian Economic Union development, as well as about cooperation with third countries and integration associations. “The dialogue with our partners in Southeast Asia is one of the priorities of the EAEU’s international activities. This vector is enshrined in the key documents of the Union's strategic planning, Eldar Alisherov emphasized. "Every year, the region's role in trade and economic relations for all EAEU countries is growing." As a first step in building a dialogue, the EEC Minister proposed organizing a joint seminar in Moscow featuring representatives of the EEC, EAEU countries and Malaysia. “As part of the event, we are ready to hold a presentation of the Union for representatives of Malaysian government agencies and jointly identify areas of further cooperation that are of mutual interest,” noted the head of the EEC integration unit. Eldar Alisherov also noted the high potential for deepening the dialogue between the EEC and Malaysia on the EAEU–ASEAN platform, including within the framework of Malaysia's 2025 ASEAN chairmanship.
25 Nov 2024 EEC Discussed Progress in Preparing Action Plan for Implementing Declaration 2030 On November 22, progress in the preparation of the draft Action Plan for implementing the Eurasian Economic Path Declaration was discussed at a meeting chaired by Mikael Belluyan, Director of the Integration Development Department of the Eurasian Economic Commission, representatives of the EEC specialized units and government agencies of the Eurasian Economic Union countries. Mikael Belluyan told about the current situation on finalizing the draft Plan at the sector-specific platforms and individual issues arising during its coordination. The national representatives noted the significant amount of work done at the Commission's sector-specific platforms, as well as the progress in coordinating certain areas of the draft Plan. The discussions resulted in agreeing a procedure for further work on the preparation of the draft Plan. The Eurasian Economic Path Declaration on further development of economic processes within the EAEU until 2030 and for the period until 2045 was signed by Presidents of the EAEU states on December 25, 2023.
22 Nov 2024 Eldar Alisherov, "The Eurasian Economic Path Declaration is a bridge for transition to a new stage of Eurasian economic integration" The participants of the round table Strategic Directions and Priorities of Cooperation in the EAEU Space at the MGIMO of the Russian Foreign Ministry discussed relevant matters on the Eurasian integration agenda. Eldar Alisherov, EEC Minister in charge of Integration and Macroeconomics, spoke about the significant results of Eurasian integration, key areas of the Eurasian agenda, and noted the importance of the ongoing work to prepare a road map for the implementation of the Declaration of the Eurasian Economic Union Development until 2030 and for the period up to 2045. Today the Commission, jointly with the Union Member States, is actively working on the preparation of the road map. I am confident that we will be able to prepare a practical and efficient document that will meet the interests of the EAEU citizens," said the EEC Minister. Eldar Alisherov emphasized the importance of active participation of expert and scientific communities in the development of integration processes in the EAEU space and expressed hope for further productive interaction.
19 Nov 2024 EEC and Iran discussed cooperation plans Eldar Alisherov, Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission, held a working meeting with a delegation from the Islamic Republic of Iran headed by Seyed Jalaledin Alavi Sabzevari, Director General of Multilateral and International Economic Cooperation of the Ministry of Foreign Affairs of Iran. The EEC Minister informed the Iranian partners about the progress of reviewing by the countries of the Eurasian Economic Union of Iran's application for the status of an observer state at the EAEU, noting that the final decision on this issue would be taken by the Union Heads of State at the meeting of the Supreme Eurasian Economic Council. The head of the Iranian delegation emphasized the high level of trade and economic cooperation between the EAEU and Iran and expressed interest in its further deepening through the implementation of joint projects, primarily in energy and transport. Eldar Alisherov expressed interest in deepened cooperation between the EEC and Iran in the areas of mutual interest. He also shared the experience of successful cooperation with the observer states at the EAEU. Following the meeting, the Iranian representative invited the EEC Minister to visit Tehran in 2025. He suggested holding a presentation of the EAEU to raise awareness among Iranian business circles about the Eurasian agenda as well as the opportunities for foreign businesses. This initiative is aimed at strengthening mutually beneficial cooperation and expanding commercial ties between the EAEU countries and Iranian partners. The EEC received a note from Iran on its desire to obtain observer state status at the EAEU on May 27, 2024.
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