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Search results: 6367
25 Jun 2025
Natalia Petkevich and Gohar Barseghyan Discussed Development of Union Industry and Agriculture
On June 25, a working meeting between Gohar Barseghyan, Minister in charge of Industry and Agriculture of the Eurasian Economic Commission, and Natalia Petkevich, Deputy Prime Minister of the Republic of Belarus, Chairperson of the EEC Council, was held in Minsk. The parties discussed a wide range of issues related to the development of industry and agriculture within the Eurasian Economic Union. Special attention was paid to the implementation of joint projects, strengthening of cooperation ties, technological development of industries and improvement of their competitiveness. The considered proposals included Belarusian participation in implementing the mechanism for financial support to the EAEU industrial projects, improvements to operations of technological platforms, as well as an initiative to create a unified program of development and import substitution in industry. Discussion also covered the tasks to implement the Eurasian Economic Path Declaration and preparations for the INNOPROM. BELARUS international industrial exhibition. Besides, development of the interstate program for creating strains of microorganisms for making food products and medicines was touched upon. At the end of the meeting, the parties agreed on the importance of continuing regular dialogue in all discussed areas.
24 Jun 2025
Anti-dumping duty on hot-deformed seamless pipes from PRC extended for five years
The Board of the Eurasian Economic Commission extended the anti-dumping duty on hot-deformed seamless pipes made of corrosion-resistant steel originating in the PRC until June 9, 2030 inclusive. "The decision was adopted following a repeated anti-dumping investigation initiated by the Department for Internal Market Protection on September 25, 2024 due to the expiration of the applied measure under the claim submitted by pipe manufacturers from the Eurasian Economic Union countries," noted Andrey Slepnev, the EEC Minister in charge of Trade. The claim was filed by Volzhsky Pipe Plant JSC, Pervouralsk Pipe Plant JSC and Chelyabinsk Pipe Rolling Plant JSC. The anti-dumping duty in respect of hot-deformed seamless corrosion-resistant steel pipes from the PRC was established in accordance with Decision No. 218 of the Eurasian Economic Commission's Board dated December 3, 2019. The amount of duty is 15.5% of the customs value. The measure was extended for the period of repeated investigation.
24 Jun 2025
Vahagn Ghazaryan participated in events of Eurasian Research and Practice School in Minsk
Vahagn Ghazaryan, Director of the Tariff and Non-Tariff Customs Regulation Department of the Eurasian Economic Commission, opened (via video conferencing) the third EEC model "Decision-Making in the Field of Tariff Customs Regulation of the Eurasian Economic Union" held as part of the Eurasian Research and Practice School "The Global Economy Space: Ideas, Strategies, Interaction" in Minsk. Over one hundred students from different CIS countries participate in the event. The purpose of the event is to popularize Eurasian integration among the youth of the CIS countries by reproducing the work of the Eurasian Economic Commission through simulating the Advisory Committee on Trade (Subcommittee on Customs Tariff and Non-Tariff Regulation and Protective Measures). "The already traditional EEC model on customs tariff regulation is an excellent example of introducing young people to the activities of the Commission. The participants will acquire skills in international trade negotiations for a deeper understanding of the integration processes in the EAEU," mentioned Vahagn Ghazaryan.
24 Jun 2025
Lists of standards to technical regulations in the field of rail transport updated
At its June 24 meeting, the Eurasian Economic Commission's Board approved amendments to the lists of standards to the technical regulations of the Union "On Safety of Railway Rolling Stock", "On Safety of High-Speed Rail Transport" and "On Safety of Rail Transport Infrastructure". Some provisions of the lists were clarified and detailed, with editorial and technical inaccuracies eliminated. This contributes to the establishment of a uniform practice of implementing technical regulations in the railway sector by all stakeholders: manufacturers of rail transport, conformity assessment bodies and testing laboratories carrying out conformity assessment with the requirements of the EAEU technical regulations. The adopted amendments will come into effect after 30 calendar days have elapsed from the date of official publication of the decision by the EEC Board and will apply to legal relations arising from January 15, 2025.
24 Jun 2025
EAEU countries discussed approaches to establishing common financial market
The Advisory Committee on Financial Markets under the Eurasian Economic Commission's Board discussed approaches to the further establishment of a common financial market of the Eurasian Economic Union, harmonization and improvement of legislation. The meeting was held at the EEC headquarters under the chairmanship of Bakhyt Sultanov, Minister in charge of Economy and Financial Policy of the Commission. It approved the report on the implementation of the action plan on harmonizing the financial market legislation of the EAEU States for 2024. "The report reflects the work on harmonizing the legislation in the banking and insurance sectors and the securities market, carried out by the Commission jointly with financial regulators," noted Bakhyt Sultanov, "Establishment of harmonized requirements for regulation and supervision in the field of financial markets is one of the necessary conditions for the creation of a common financial market of the EAEU." The meeting participants discussed further steps to establish a common financial market of the Union. As part of implementing the instruction of the Supreme Eurasian Economic Council, a new version of the draft SEEC disposition was considered, which includes provisions concerning the possibility of applying a multilevel approach to the regulation of activities of financial institutions and updating the time frames for harmonization. The Advisory Committee members approved the recommendations of the EEC Council on agreed proposals on harmonizing of legislation of the Union states in terms of the glossary and establishment of requirements for brokers in the securities market and for admission of insurance companies to the EAEU common financial market. They also reviewed the draft report on addressing the issues of the rating industry of the Union States, prepared by the Commission jointly with the authorized authorities of the EAEU countries within the framework of the action plan for implementing the Strategy 2025.
24 Jun 2025
EEC prepared recommendations on qualification requirements for construction professions
The Eurasian Economic Commission’s Board adopted the recommendation "On Required Qualifications for the Most In-Demand Professions in the Field of Construction". The document is aimed at unifying professional standards in the EAEU countries and improving the quality of construction works. The recommendation was developed in pursuance of the Action Plan for implementing the Strategy 2025 and establishes a minimum list of knowledge and skills for workers of different qualification levels, taking into account the specifics of the construction industry. "The adoption of the recommendation is an important step toward the development of a common labor market within the EAEU. Unified standards will help ensure an equal level of training of construction workers in all countries of the Union, which will ultimately have a positive impact on the quality of infrastructure projects and safety of facilities," Bakhyt Sultanov, the EEC Minister in charge of Economy and Financial Policy, commented on the document. The qualification standards will become a model for the development of national requirements and can be used in the countries when preparing professional training programs. Earlier, the EEC Board adopted recommendations on qualification requirements for the most in-demand professions in education, health care, road transport and housing and utilities.
20 Jun 2025
Bakytzhan Sagintaev: "The Commission seeks to create better conditions for developing the real sector of the EAEU economies"
Bakytzhan Sagintaev, Chairman of the Eurasian Economic Commission's Board, took part in the plenary session of the 28th St. Petersburg International Economic Forum on June 20. The Head of the Commission's Board also spoke at the session Synergy in the EAEU’s Real Sector: Responding to Today’s Challenges. In his report Bakytzhan Sagintaev emphasized that the real sector plays an important role in the economy of each country of the Eurasian Economic Union, ensuring production of goods and services, offering employment and serving as the basis for sustainable development. "In 2024, industrial output in the Union increased by 4.5%. Mutual supplies between the EAEU countries increased by 8.1%, investments in fixed assets — by 7.5%," told Bakytzhan Sagintaev. For the progressive development of industrial cooperation within the EAEU, the Main Directions of Industrial Cooperation until 2030 are defined. "The main emphasis is placed on the development of cooperation ties between enterprises, including through the localization of joint knowledge-intensive ventures," noted the Head of the EEC Board. In conclusion, Bakytzhan Sagintaev outlined a number of challenges that, when addressed, will contribute to creating the necessary conditions for developing the real sector of the Union economies and increasing the volume of mutual and foreign trade. The priorities of each Member State of the Eurasian integration association are the basis of common efforts to ensure the dynamic development of the Union, as the Head of the EEC Board emphasized. These are economic growth, job creation, investment attraction, technological development and increasing the competitiveness of EAEU products in international markets.
20 Jun 2025
Strategic partnership in agriculture discussed at St. Petersburg International Economic Forum
Possibilities for long-term and mutually beneficial cooperation in the agricultural sector within the Eurasian Economic Union were assessed during the Russia-Armenia business dialogue at the St. Petersburg International Economic Forum. "The Union's food security level has reached 92%, confirming its economic sustainability. At the same time, there are still some segments where the Member States can strengthen the stability of the common agricultural market," stated Goar Barseghyan, Minister in charge of Industry and Agriculture of the Eurasian Economic Commission. In order to improve competitiveness, create conditions for steady economic growth of the industry and build efficient supply chains, the Commission, in cooperation with businesses, is working to expand the mechanism for financing cooperative projects to the agricultural sector. According to the EEC Minister, promising areas have been identified for implementation in such fields as selection and seed production, animal husbandry, processing of agricultural produce, as well as agricultural infrastructure. "The creation of such a financial instrument is a significant practical step to support initiatives of the real sector, allowing leveraging the scale of the Union's common market and utilizing technological and production competencies of our countries," Goar Barseghyan noted. In 10 years, agricultural production in the EAEU countries has grown by more than 25%, while mutual trade has doubled (up to $16 billion). Since Armenia's accession to the EAEU, the supply of agricultural produce has more than quadrupled, especially the categories of vegetables, fruits and processed products.
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