Ministry of Economic Development of the Russian Federation
Ministry of Economic Development of the Russian Federation
Mikhail Babich: we need to create a barrier-free environment for business in the EAEU
14 September 2020 12:00

On September 11, 2020, a regular meeting of the Council of the Eurasian Economic Commission was held with the participation of Alexey Overchuk, Deputy Prime Minister of the Russian Federation. At the meeting the Deputy Prime Ministers of the five countries reviewed the broad agenda for the development of the Eurasian economic integration. The First Deputy Minister of economic development of the Russian Federation Mikhail Babich took the initiative to quickly develop an Action Plan to eliminate obstacles in the common market of the Union: "the Action Plan for the gradual reduction of exemptions should be a single, comprehensive document that will allow considering a complete picture of the level of integration." The Eurasian Economic Commission also noted the high efficiency of work in the Russian Federation to promptly eliminate barriers to the movement of products subject to veterinary control within 3 months.

Under the coordinating role of the Russian Ministry of Economic Development, the draft Strategic directions for the development of the Eurasian economic integration until 2025 were finalized. The Deputy Prime Ministers agreed to bring closer the regulation of liability for violation of the Union's law in the field of customs and technical regulation, implement joint high-tech projects, integrate information systems for traceability of goods in the EAEU common market, harmonize national mechanisms for consumer protection in the Union common market, and establish agreed requirements for electricity indicators.

The Council of the Commission analyzed the implementation of the parties' international obligations within the EAEU framework. In the Russian Federation, the Ministry of Economic Development of the Russian Federation monitors the timely execution the Union acts by member states.

The Council members analyzed the state of mutual trade between the EAEU member states. Last year, the growth of mutual trade outpaced the growth of trade with third countries. The countries of the Union have achieved particular success in trade in food, chemical products, machinery, equipment and vehicles.

The parties agreed to finalize the list of dairy products that will be labeled, as well as to inform business representatives about the timing the labeling will be introduced. This measure is aimed at combating counterfeit products. Labeling will allow every citizen to check the entire history of a product before purchasing it, which, as the experience of introducing labeling for other products has proven, will significantly reduce the share of low-quality products in the Union common market.

The vice-prime ministers of the Eurasian five countries approved the creation of joint research groups with the Republic of Indonesia and Mongolia on the formation of a free trade zone with the EAEU. The partners of the Union countries have already expressed their readiness to work in this format, in which the states of the Cooperation Council for the Arab States of the Persian Gulf are also interested. The free trade regime with third countries increases transparency and competition in the EAEU common market, providing end users with a wider choice of goods.

The parties agreed on the fee amount when business representatives apply to the EAEU Court. It will amount to 47,846 rubles, which is significantly less than in other integration associations. The court of the Eurasian Economic Union considers disputes between states, legal entities and individuals of the Union countries, which is one of the most important elements of the EAEU common market.

The Deputy Prime Ministers of the five countries approved the roadmap to harmonize the legislation of the EAEU countries in the oil sector. The document will be adopted at the meeting of the Supreme Eurasian Economic Council. The roadmap includes a number of measures to bring the legal regulation of the oil sector of the five states closer together, as well as to increase the level of cooperation between them in this area. The common market for oil and petroleum products is planned to be launched by 2025.

The Commission Council considered the implementation of the project of the Unified Search System "Work Without Borders". The service will allow citizens of the Union countries to search for work in all five EAEU countries.  This measure will ensure greater transparency of the Union's labor market and will become a practical expression of ensuring the principle of freedom of movement of labor resources in the EAEU common market.

The Deputy Prime Ministers of the EAEU member states discussed joint export support measures, including credit, insurance and non-financial measures. The decision on this issue will be made by the heads of Governments of the Union countries during the meeting of the Intergovernmental Council, which is scheduled for October 9, 2020 in Yerevan.

In view of the sanitary and epidemiological restrictions in connection with the COVID-19 pandemic, the parties agreed to extend the stay of personal vehicles temporarily imported into the Union territory. Thus, citizens who imported cars and other equipment are exempt from the obligation to return them until March 31, 2021. In addition, this measure also applies to citizens who arrived in their cars from the Kaliningrad region and cannot return home.

At the same time, the members of the EEC Council agreed to work together to organize the exchange of information between the EAEU member states on the movement of personal vehicles in the Union space. This measure will improve road safety in five countries.

The next meeting of the Council of the Eurasian Economic Commission will be held on September 18, 2020.

Дата публикации: September 14, 2020
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