APR News

On October 12, 2016 a regular session of the Council of Transport, Forwarding and Logistics Organizations of the EAEU took place in Bishkek. Representatives of the Transport and Infrastructure Department of the Eurasian Economic Commission participated in the discussion of the most topical problems hindering the development of the transport sector in the Union.

On October 13, 2016 the Head of the Secretariat of the Member of the Board - Minister in charge of Economy and Financial Policy of the EEC Askar Kishkembaev gave a welcome speech at the First International Conference "Financial Regulation in the EAEU Space: Problems and Prospects." He talked about formation of the common financial market in the Eurasian Economic Union. The event was organized by the Eurasian Economic Commission and MSU named after M.I. Lomonosov.

On October 12, 2016 in Geneva (Switzerland), the Member of the Board - Minister in charge of Economics and Financial Policy of the Eurasian Economic Commission, Timur Suleimenov, met with the Director General of the International Organization for Migration (IOM), William Lacy Swing.
During the meeting, it was agreed on the granting of observer status for the Eurasian Economic Commission in the International Organization for Migration.

On October 11-12, 2016 the session of the BRICS Contact group on trade and economic issues was held in New Delhi (India), where representatives of the Eurasian Economic Commission reported on the implementation of the Main Directions of developing the "single window" mechanism in the foreign economic activity regulatory system of the Eurasian Economic Union.

On October 10, 2016 at the session of the Heads of the authorized bodies of the Eurasian Economic Union (EAEU) Member States, chaired by the Member of the Board - Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission Adamkul Zhunusov, the draft Program on establishment of a common electric power market of the EAEU was approved.

On October 7-9, 2016 in Washington, the Chairman of the Board of the Eurasian Economic Commission (EEC), Tigran Sargsyan, participated in the Annual Meeting of the World Bank and the International Monetary Fund (IMF). The participants of the event representing the organizations discussed a wide range of issues.
During the visit, Tigran Sargsyan met with the World Bank Vice President for Europe and Central Asia Cyril Muller. The discussion touched upon building solid foundations for cooperation between the World Bank and the EEC, including the institutionalization of the relations between the parties, as well as substantive aspects of development of the world economy and regionalization processes, the prospects for structural reforms in the region, digital transformation in the Eurasian Economic Union.

On October 6, 2016 in Berlin, the Director of the Integration Development Department of the Eurasian Economic Commission Sergey Shukhno and the Deputy Head of the International Cooperation Department Anton Azarov, during the International Conference "Russia - Germany: Common Interests - Joint Liability”, informed its participants about the dynamics in trading between the Member States of the Eurasian Economic Union and Germany. They also talked about the principles of the EAEU and the EEC work, the international activities of the Union, the first effects of Eurasian Economic integration.
The Conference was held at the initiative of the German-Russian Economic Alliance, which unites on a voluntary basis Russian and German companies, enterprises, regional organizations that operate in the field of bilateral economic cooperation based on common interests.

On October 7, 2016 in Bishkek, at the tenth session of the Advisory Committee for Entrepreneurship under the chairmanship of the Member of the Board - Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission, Timur Suleimenov, the participants discussed ensuring freedom of trade in services, the practice of assessing regulatory impacts (ARI) of the EEC draft decisions and the barriers to mutual trade of the Kyrgyz Republic with other Member States of the Eurasian Economic Union.

The Eurasian Economic Commission issued a booklet "Role of intellectual property in development of Eurasian integration”.
The booklet will allow readers to learn the basic aspects, problems and prospects of integration among the Member States of the Eurasian Economic Union in intellectual property.

Representatives of the Eurasian Economic Commission, EAEU Member States and South Korea met on October 5, 2016. The meeting was devoted to the current state of trade relations and possible ways of their further advancement.
In the course of the meeting, EEC Minister in charge of Trade Veronika Nikishina and Deputy Minister of Trade, Industry and Energy of South Korea Kim Hak-do were presented the results of research conducted by the All-Russian Academy of Foreign Trade and Korea Institute for International Economic Policy. They also reviewed recommendations put forward by the experts concerning the most advantageous schemes of bilateral cooperation. Upon revision of the document, the parties discussed a range of issues concerning the bilateral cooperation in the domains of trade in manufactured goods, attraction of investments and minimization of non-tariff barriers.
"The study demonstrates that there exists a significant potential for the expansion of trade and economic relations between our countries. However, we still have to make serious joint efforts in order to find optimal mutually satisfactory ways for the implementation of reached agreements. We think that no obstacles could hinder mutually satisfactory agreements if we show will and exercise a positive approach," noted Mrs. Nikishina concluding the meeting.
Currently, the Eurasian Economic Union and South Korea are holding consultations on the prospects of entering into a free trade agreement.
"We understand that the establishment of a free trade zone would fully satisfy South Korea's interests. However, so far we have not reached a consensus as far as the project implementation scheme is concerned. On the other hand, EAEU's decision on whether to negotiate this deal or not fully depends on such a consensus," added Mrs. Nikishina.

Deputy heads of governments of the Union Member States will discuss the results of the meeting at the earliest possible time and will decide what further steps should be taken.
Press-release at the official Eurasian Economic Commission web-site