Trade

News on «Trade»

26 Jan 2023 Andrey Slepnev, "As part of the climate agenda we tackle access to technologies and funds, as well as issues in the field of equalizing incentives for industries" Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, attended the seminar on developing coordinated approaches to issues on the climate agenda in the Eurasian space. The seminar was held on the sidelines of the EEC Council meeting. "Economically speaking, the climate agenda is primarily about technological transformation and transitioning to a new technological platform. Therefore, the more successful this process is, the more successful the national economies will be in decades to come," noted he in his speech. The EEC Minister in charge of Trade who heads the high-level working group (HLWG) on developing proposals on harmonizing the Member States' positions in the framework of the climate agenda drew attention to three key issues: access to technologies, access to funds, as well as incentives for industries and related problems of arising inter-country barriers. As for access to technologies, it all depends on who and how designates a technology as green and to what extent. In this sense the Russian Federation shaped a legal institutional infrastructure for carbon regulation in three years. In Kazakhstan such system was built even earlier and today it is actively improving. "This large area of relations covers tax and customs issues, as well as technical regulation. If our standards diverged, what cooperation could we talk about? There would be a barrier straight away. Therefore now the issue of paramount importance includes the common validation, verification and accreditation system," stressed Andrey Slepnev. The second aspect concerns creation of a single methodological framework for implementing climate projects and covers the issues of supporting company initiatives aimed at decarbonization. In terms of access to funds, the EAEU developed a unified taxonomy of climate projects. The document gives an opportunity to project initiators from one country to obtain financing in the whole Union market if their methodology is relevant. Moreover, the EEC Minister expressed his confidence that the adopted taxonomy will enjoy a broader recognition. "We look forward to using the model taxonomy as a methodology basis for national regulatory acts and work with the parties' exchanges to apply it directly to provide funding across the EAEU space," told Andrey Slepnev. He also reminded that the Commission launched a bank of climate technologies and digital projects that companies are ready to assist in re-implementing. "The third issue, perhaps, the most important one, encompasses incentives and potential barriers. It is about when and what countries will start to introduce their versions of a cross-border corrective carbon mechanism. Today we see that emissions trading is being actively employed in the Republic of Korea, China and, by the way, in the Republic of Kazakhstan," highlighted the EEC Minister in charge of Trade. According to Andrey Slepnev, the major risk for the Eurasian Economic Union is introduction of such mechanisms and corresponding cross-border compensating tools within the EAEU. In the context of these risks, there is a great challenge of levelling down the tension of decarbonization plans by industries between the Union Member States and with regard to main foreign trade partners. "It is necessary to analyze climate regulation in our countries, synchronize our plans and offer required solutions to the Union governing bodies," summed up Andrey Slepnev. The seminar was also attended by Members of the EEC Council Alexei Overchuk, Deputy Chairman of the Government of the Russian Federation, and Adylbek Kasymaliev, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Mikhail Myasnikovich, Chairman of the EEC Board, Maxim Reshetnikov, Minister of Economic Development of the Russian Federation, Vahan Kerobyan, Minister of Economy of the Republic of Armenia, Aidar Kazybaev, Director of the Center for Green Finance of the Astana International Financial Center, Elena Borisenko, Deputy Chairperson of the Board of Gazprombank, Alexei Miroshnichenko, First Deputy Chairman, Member of the Management Board, VEB.RF and others.
24 Jan 2023 Program Committee discussed preparations for the Second Eurasian Economic Forum featuring heads of EAEU Member States At the venue of the Eurasian Economic Commission Andrey Slepnev, EEC Minister in charge of Trade, chaired the first meeting of the Program Committee for the Second Eurasian Economic Forum that this year will be held under the slogan "Eurasian Integration in Multi-Polar World". The event is scheduled on May 24-25, shortly before the meeting of the Supreme Eurasian Economic Council; the plenary will be attended by the leaders of the Eurasian Economic Union countries. According to the EEC legal acts, the Eurasian Economic Forum is held annually in the country chairing the EAEU – that is, this year it will take place in the Russian Federation.  At the meeting of the Program Committee, representatives of authorized agencies and businesses of the Eurasian Economic Union countries, as well as EEC structural subdivisions discussed the general Forum concept and tentative scope, possible topics for panel sessions and events on the sidelines.  In keeping with the Forum's focus on positioning the Union in the modern world, thematic sessions and dialog events will touch upon the most relevant topics on the global agenda: the mindset foundations of the modern Eurasianism; the EAEU strategic objectives for decades to come; digital transformation, climate challenges and the Union's consolidated response to them; energy and food security; relations with the SCO, BRICS, ASEAN, African and Middle Eastern countries.
24 Jan 2023 EEC zeroed import customs duties on parts of 5,000–50,000 kWh gas turbines for a year The Board of the Eurasian Economic Commission took a decision to zero the import customs duty rate with regard to parts of 5,000–50,000 kWh gas turbines on a temporary basis (until March 31, 2024 inclusive). At the moment the relevant rate of the Common Customs Tariff of the EAEU is 5% of the customs value. The parts in question include case, compressor and exhaust diffuser wheels for low-pressure turbines, forward stub shafts, compressor discs, frames, cooling heat exchangers for purge air, auxiliary system gearboxes and other parts imported from Italy, various valves imported from the USA and the Netherlands, as well as some other parts imported from Germany and the UK.  "This measure will facilitate manufacturing of end products in the territory of the Eurasian Economic Union and will affect, among other things, manufacturing of gas turbines mounted on gas pumping units that are used at compressor stations to transport natural gas through main gas pipelines," stressed Andrey Slepnev, EEC Minister in charge of Trade. According to him, the decision will allow to provide the EAEU oil and gas enterprises with new-generation energy equipment and to modernize gas transportation systems of the Eurasian countries.  The Minister also noted that at the moment the Union was actively implementing programs for localizing gas turbine parts production. It is planned to channel the released funds towards further expansion of corresponding measures in order to complete them by 2025. For reference In accordance with the EEC Board's Decisions No. 110 dated July 15, 2014 and No. 21 dated March 1, 2016, from September 2, 2014 to December 31, 2021 inclusive the duty rate of 0% of the customs value was already applied to gas turbine parts.
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Decisions on «Trade»

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01/25/2023 12:00:00 am Решение Совета ЕЭК № 19 О внесении изменений в некоторые решения Комиссии Таможенного союза в отношении отдельных видов мяса крупного рогатого скота
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01/31/2023 12:00:00 am Решение Коллегии ЕЭК №14 О внесении изменений в Решение Коллегии Евразийской экономической комиссии от 17 ноября 2015 г. № 154
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01/31/2023 12:00:00 am Решение Коллегии ЕЭК №13 Об установлении ставки ввозной таможенной пошлины Единого таможенного тарифа Евразийского экономического союза в отношении фольги для тиснения
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01/31/2023 12:00:00 am Рекомендация Коллегии ЕЭК №3 Об обеспечении функционирования единого рынка услуг в сфере строительства
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01/31/2023 12:00:00 am Распоряжение Коллегии ЕЭК №8 О внесении изменений в состав рабочей группы по определению общих принципов и подходов к установлению ответственности за несоблюдение требований права Евразийского экономического союза в сфере таможенного регулирования

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