News
Prospects for Development of EAEU Common Labor Market Discussed in Yerevan
The Eurasian Economic Forum in Yerevan hosted the thematic session Common Labor Market: Development Prospects, which brought together leading experts from the Eurasian Economic Union countries.
The session was attended by representatives of the Ministries of labor and social protection, business associations, trade unions of the EAEU states, and international organizations. They discussed the issues of forecasting labor market needs, skills recognition, cross-border professional development, the role of public organizations, as well as health care for migrant workers and their families.
The session was moderated by Bakhyt Sultanov, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission. The Minister stressed that the law of the Union simplified the process of interstate employment and enabled legal and safe labor migration to the EAEU.
"Within the common labor market, the Union addressed the issues of pension benefits for workers, is creating useful digital services for interstate employment, eliminated exemptions in recognition of certificates of education of teachers and lawyers, as well as academic degrees, and is discussing prospects for simplification of administrative procedures in the host country," the EEC Minister noted.
The average annual flow of labor migration within the EAEU is about one million people. The largest number of migrant workers are engaged in construction (23% or 230,000 people), wholesale and retail trade (15% or 150,000 people), transportation and storage of goods (8% or 80,000 people), manufacturing (5% or 50,000 people) and agriculture (2% or 20,000 people).
"We plan to scrutinize all the proposals and initiatives that have been voiced at the session. Our goal is to improve the functioning of the common labor market and make the Union more attractive for labor migration," summarized Bakhyt Sultanov.
