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EEC Council takes vital decisions to develop Eurasian integration

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by December 22, 2016 Business

The First Deputy Prime Minister of Kazakhstan Askar Mamin chaired in Moscow the EEC Council meeting on the eve of the Supreme Eurasian Economic Council to be held on December 26 in St. Petersburg at the level of the Heads of State.

The agenda included 19 issues.

Following the discussion, the member states made a number of important decisions concerning trade, economy and financial policy, energy and infrastructure, competition and antitrust, technical regulations in the EEC.

The Council approved at the meeting the regulations on the annual monitoring and analyzing the results of development of the main directions of industrial cooperation within the EAEU. The document is aimed at identifying the qualitative and quantitative indicators that characterize the joint development of industrial cooperation, the analysis of execution plans implementing, improving the efficiency of their implementation.

Approved at the meeting the Concept of creating the Eurasian network of industrial cooperation and subcontracting provides for the establishment of Eurasian network on the basis of a unifier register of industrial enterprises as a key information and integration resource for the search of potential partners and suppliers of subcontract orders.

Council members reviewed the procedure for the submission of information on goods imported to EAEU. This collaboration will enable transmission of statistical data and adoption of timely measures to promote the interests of EAEU producers.

The meeting concluded with reaching mutually beneficial solutions aimed at further EEU development.

As was earlier noted, St. Petersburg hosts on December 26 a session of the Supreme Eurasian Economic Council at the level of Heads of State. There is planned to sign the EEU Customs Code which will regulate the whole complex of customs procedures within the EEU. The special attention will be given to the cluster of the EEU international activities.

Moreover, the Supreme Council meeting will consider a program of forming a common energy market of the EEU, implementation of which will create conditions for free energy trade as part of our integration union.

Heads of State will also consider the main directions and stages of implementing a coordinated transport policy; approve the liberalization plans on service sectors, as well as rules for regulating the service trade, institution and activities.

Source: Government of the Republic of Kazakhstan

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