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16.09.2019

The interview of Almaz Sazbakov, Special Representative of the Government of the Kyrgyz Republic for the Affairs in the Eurasian Economic Union

– This year, the agenda of the event is focused on discussing the results of the five-year anniversary of the EAEU Treaty. What are the results of the work? What vectors of development of cooperation in the next 5 years can be identified?

– The creation of a single large domestic market, adoption of common customs tariffs, unification of customs procedures are the main achievements of the five-year work of the EAEU.

It is important to note the work done to harmonize the regulatory framework and create the institutional framework for the movement of goods and labor in the EAEU.

From the first months of membership, positive effects from integration are visible for all countries, joint efforts bring practical benefits. Over the past few years, the EAEU countries have made significant strides in ensuring macroeconomic stability. The EAEU is a young association, however, I believe that its prospects are very impressive. The EAEU has great potential for expanding trade and economic cooperation with third countries.

Currently, the Union is fully interested in enhancing and intensifying processes in the sphere of mutual trade, in developing and expanding interregional relations. The Union is working on good practice in developing trade and economic relations with third countries in the form of creating free trade zones in order to develop commodity and geographical diversification of exports of the EAEU member states. To date, negotiations are underway with Israel, India, Egypt. Agreements with Singapore and Serbia are approaching the final. In this context, it is important to continue work on building relations of the EAEU with third countries.

Another significant and promising area of cooperation in the Union is industrial cooperation. It is necessary to encourage the development of industrial cooperation between organizations and enterprises and to develop new industries in the EAEU, and especially in the processing industry. Thus, it will be possible to promote the use of economic complementarity using all factors of production.

In the future, the path to rapprochement of the EAEU member states is also seen in intellectual cooperation. The intellectual resources in the EAEU will make it possible to implement the most ambitious projects that can solve current problems of the present in the future. The market covers more than 180 million people, and a lot of competition forces production to modernize, which is inextricably linked to the development of cooperation in the scientific and technical sphere and the joint efforts in the innovation sphere.

It is important to note the development of information and communication technologies as a key factor leading to deepening integration in the EAEU.

Cooperation in the field of digital transformation of the economy will ensure a complete transition to unhindered interaction of government agencies with the business community and consumers.

– Today, a network of trade alliances is being formed around the EAEU, consultations and negotiations on the creation of free trade zones are currently underway with a large number of countries. How important are such sites as the Eurasian Week forum to strengthen alliances and internal ties?

– The economic potential of the Union is huge. The EAEU is showing increasing vitality, and its role in the international life is growing every year. Cooperation in expanding partnerships with third countries is gaining momentum. In the field of trade and economic cooperation, the creation of free trade zones with third countries becomes significant.

Currently, work to create a free trade zone with Singapore, Serbia, Israel and Egypt is underway.

Also on May 17, 2018, the Interim Agreement was signed. It is leading to the formation of a free trade zone between the Eurasian Economic Union and its member states on the one hand and the Islamic Republic of Iran on the other hand, and the Agreement on trade and economic cooperation between the Eurasian Economic Union and its member states on the one hand and the People's Republic of China on the other. The entry into force of these agreements is expected in October this year. Preparations for the start of negotiations with India are underway.

In this regard, international business platforms are important in helping to identify areas in which Member States can achieve joint success and reach a new level of interaction.

The Eurasian Week is a key annual forum within the EAEU, which secured the status of the largest international business forum in the Union. The audience of the event is more than 1,500 participants annually. Among them there are representatives of government agencies, business communities, participants from third countries, the expert community, major trading networks, young leaders of the EAEU, etc. Very important and interesting issues are identified for discussion at the events within the forum, there are more than 100 speakers.

Business gets an opportunity to establish contacts in the business sphere, conduct dialogue with the state, communicate with trading enterprises and suppliers in B2B format, and communicate directly face to face.

In such events, where a lively format is implemented between numerous participants, scientific and practical thought is collected and concentrated, which is then embodied in specific projects.

Thanks to their direct dialogue, in a relaxed atmosphere you can get useful suggestions and grounds for further decision-making and a new level of interaction.

– A special place in the event is always occupied by the business program. Can we expect that such a serious issue as the problem of overproduction and the solution of trade conflicts in the territory of the EAEU will be resolved in the framework of round tables and discussions?

– As part of the Eurasian Week, a rich business program is regularly provided, which this time consists of more than 20 events on Eurasian topics.

Traditionally, the focus of discussions is on such issues as further development and prospective cooperation of the EAEU, and the most pressing issues of the Union.

I believe that one can expect that during round tables there will be a fruitful discussion of the issues of overproduction and trade conflicts on the territory of the EAEU, I'm also sure that discussions with such a representative circle of participants will allow us to outline ways to solve these problems.

For each member state of the Union, issues related to the domestic market are sensitive, that is why one of the panel sessions is devoted to this topic entitled: “The EAEU Internal Market – Myths and Realities.” This session will discuss the current state of the Union’s internal market, as well as a positive vision of the Union’s internal market in the future.

– Five member countries are represented on the EAEU integration platform, each of them has its own economic characteristics, they are at a certain stage of market development, have national regulatory frameworks, etc. What is taken as the basis for the formation of the general rules for the freedom of movement of goods and services in the domestic market, taking into account the possible observance of the interests of its participants, building fair competition in a market economy?

– As you know, the basis for making such decisions is the desire to ensure a balance of interests of all EAEU member states, search for compromise solutions that take into account the interests of all parties.

The main goal of the integration association is liberalization, as well as the freedom of movement of goods, services, capital and labor.

The internal market of the EAEU is a space without internal borders in which, according to the Treaty on the EAEU, free movement of goods, services, capital and labor should be ensured.

Therefore, first of all, legal norms and mechanisms ensuring freedom of movement of the “four freedoms” are called upon to remove all obstacles and prevent the introduction of new ones, and to stimulate the process of harmonization of national legislations.

Freedom of movement of goods, based on the lifting of unjustified trade barriers, is a fundamental principle of the EAEU law.

There are norms of uniform principles and rules of competition in the EAEU Treaty. At the same time, the Eurasian Economic Commission has additional instruments of antitrust control.

However, in practice, member states often face a situation where the interests of national producers are put higher and the parties cannot find a consensus solution.

Therefore, the issue of ensuring equal conditions for competition in the EAEU, regarding the interests of absolutely all parties, remains one of the most important in the process of integration development.

– How much, in your view, does the trade turnover between countries increase after signing the agreement on the creation of a free trade zone?

– According to experts, at present, regional trade agreements cover more than half of international trade. About 90% of such agreements are free trade zone agreements.

At the same time, preferential trade agreements not only grow in quantity, but also deepen in content. Previously, trade agreements provided for mainly additional bilateral liberalization of customs tariffs for trade in goods.

Now, preferential trade agreements have begun to cover other areas of regulation, such as competition policy, protection of intellectual property rights, electronic commerce and many other industries, which, naturally, increases the positive effect of such agreements.

Efficiency from concluding an agreement on a free trade zone with a particular partner depends on many factors, including the actual intensity of trade. The effect of FTAs is enhanced if the countries that have concluded the agreement are “natural” trading partners. It increases the benefits of concluding a preferential trade agreement and the complementarity of production or consumption in the countries participating in the agreement.

Kyrgyzstan has free trade area agreements (FTAs) with the CIS member countries. However, these agreements actually consolidated the free trade that existed before the collapse of the USSR; therefore, one does not have to talk about the effect of the FTAs on the growth of trade between our countries.

Another example is the agreement on a free trade zone with Vietnam concluded within the framework of the EAEU, which, as you know, entered into force in October 2016. If you look at the statistics on trade between Vietnam and Kyrgyzstan, in 2018 the total trade grew by 2.2 times by 2016, including Kyrgyz exports to Vietnam grew 4.4 times, imports from Vietnam increased 2 times.

The volume of trade between our countries is still insignificant; in 2018, trade turnover amounted to only 7.2 million dollars. However, a clearly visible trend is an increase in trade between our countries.

Resource: http://www.rbgmedia.ru/

16.09.2019

The interview of Almaz Sazbakov, Special Representative of the Government of the Kyrgyz Republic for the Affairs in the Eurasian Economic Union

– This year, the agenda of the event is focused on discussing the results of the five-year anniversary of the EAEU Treaty. What are the results of the work? What vectors of development of cooperation in the next 5 years can be identified?

– The creation of a single large domestic market, adoption of common customs tariffs, unification of customs procedures are the main achievements of the five-year work of the EAEU.

It is important to note the work done to harmonize the regulatory framework and create the institutional framework for the movement of goods and labor in the EAEU.

From the first months of membership, positive effects from integration are visible for all countries, joint efforts bring practical benefits. Over the past few years, the EAEU countries have made significant strides in ensuring macroeconomic stability. The EAEU is a young association, however, I believe that its prospects are very impressive. The EAEU has great potential for expanding trade and economic cooperation with third countries.

Currently, the Union is fully interested in enhancing and intensifying processes in the sphere of mutual trade, in developing and expanding interregional relations. The Union is working on good practice in developing trade and economic relations with third countries in the form of creating free trade zones in order to develop commodity and geographical diversification of exports of the EAEU member states. To date, negotiations are underway with Israel, India, Egypt. Agreements with Singapore and Serbia are approaching the final. In this context, it is important to continue work on building relations of the EAEU with third countries.

Another significant and promising area of cooperation in the Union is industrial cooperation. It is necessary to encourage the development of industrial cooperation between organizations and enterprises and to develop new industries in the EAEU, and especially in the processing industry. Thus, it will be possible to promote the use of economic complementarity using all factors of production.

In the future, the path to rapprochement of the EAEU member states is also seen in intellectual cooperation. The intellectual resources in the EAEU will make it possible to implement the most ambitious projects that can solve current problems of the present in the future. The market covers more than 180 million people, and a lot of competition forces production to modernize, which is inextricably linked to the development of cooperation in the scientific and technical sphere and the joint efforts in the innovation sphere.

It is important to note the development of information and communication technologies as a key factor leading to deepening integration in the EAEU.

Cooperation in the field of digital transformation of the economy will ensure a complete transition to unhindered interaction of government agencies with the business community and consumers.

– Today, a network of trade alliances is being formed around the EAEU, consultations and negotiations on the creation of free trade zones are currently underway with a large number of countries. How important are such sites as the Eurasian Week forum to strengthen alliances and internal ties?

– The economic potential of the Union is huge. The EAEU is showing increasing vitality, and its role in the international life is growing every year. Cooperation in expanding partnerships with third countries is gaining momentum. In the field of trade and economic cooperation, the creation of free trade zones with third countries becomes significant.

Currently, work to create a free trade zone with Singapore, Serbia, Israel and Egypt is underway.

Also on May 17, 2018, the Interim Agreement was signed. It is leading to the formation of a free trade zone between the Eurasian Economic Union and its member states on the one hand and the Islamic Republic of Iran on the other hand, and the Agreement on trade and economic cooperation between the Eurasian Economic Union and its member states on the one hand and the People's Republic of China on the other. The entry into force of these agreements is expected in October this year. Preparations for the start of negotiations with India are underway.

In this regard, international business platforms are important in helping to identify areas in which Member States can achieve joint success and reach a new level of interaction.

The Eurasian Week is a key annual forum within the EAEU, which secured the status of the largest international business forum in the Union. The audience of the event is more than 1,500 participants annually. Among them there are representatives of government agencies, business communities, participants from third countries, the expert community, major trading networks, young leaders of the EAEU, etc. Very important and interesting issues are identified for discussion at the events within the forum, there are more than 100 speakers.

Business gets an opportunity to establish contacts in the business sphere, conduct dialogue with the state, communicate with trading enterprises and suppliers in B2B format, and communicate directly face to face.

In such events, where a lively format is implemented between numerous participants, scientific and practical thought is collected and concentrated, which is then embodied in specific projects.

Thanks to their direct dialogue, in a relaxed atmosphere you can get useful suggestions and grounds for further decision-making and a new level of interaction.

– A special place in the event is always occupied by the business program. Can we expect that such a serious issue as the problem of overproduction and the solution of trade conflicts in the territory of the EAEU will be resolved in the framework of round tables and discussions?

– As part of the Eurasian Week, a rich business program is regularly provided, which this time consists of more than 20 events on Eurasian topics.

Traditionally, the focus of discussions is on such issues as further development and prospective cooperation of the EAEU, and the most pressing issues of the Union.

I believe that one can expect that during round tables there will be a fruitful discussion of the issues of overproduction and trade conflicts on the territory of the EAEU, I'm also sure that discussions with such a representative circle of participants will allow us to outline ways to solve these problems.

For each member state of the Union, issues related to the domestic market are sensitive, that is why one of the panel sessions is devoted to this topic entitled: “The EAEU Internal Market – Myths and Realities.” This session will discuss the current state of the Union’s internal market, as well as a positive vision of the Union’s internal market in the future.

– Five member countries are represented on the EAEU integration platform, each of them has its own economic characteristics, they are at a certain stage of market development, have national regulatory frameworks, etc. What is taken as the basis for the formation of the general rules for the freedom of movement of goods and services in the domestic market, taking into account the possible observance of the interests of its participants, building fair competition in a market economy?

– As you know, the basis for making such decisions is the desire to ensure a balance of interests of all EAEU member states, search for compromise solutions that take into account the interests of all parties.

The main goal of the integration association is liberalization, as well as the freedom of movement of goods, services, capital and labor.

The internal market of the EAEU is a space without internal borders in which, according to the Treaty on the EAEU, free movement of goods, services, capital and labor should be ensured.

Therefore, first of all, legal norms and mechanisms ensuring freedom of movement of the “four freedoms” are called upon to remove all obstacles and prevent the introduction of new ones, and to stimulate the process of harmonization of national legislations.

Freedom of movement of goods, based on the lifting of unjustified trade barriers, is a fundamental principle of the EAEU law.

There are norms of uniform principles and rules of competition in the EAEU Treaty. At the same time, the Eurasian Economic Commission has additional instruments of antitrust control.

However, in practice, member states often face a situation where the interests of national producers are put higher and the parties cannot find a consensus solution.

Therefore, the issue of ensuring equal conditions for competition in the EAEU, regarding the interests of absolutely all parties, remains one of the most important in the process of integration development.

– How much, in your view, does the trade turnover between countries increase after signing the agreement on the creation of a free trade zone?

– According to experts, at present, regional trade agreements cover more than half of international trade. About 90% of such agreements are free trade zone agreements.

At the same time, preferential trade agreements not only grow in quantity, but also deepen in content. Previously, trade agreements provided for mainly additional bilateral liberalization of customs tariffs for trade in goods.

Now, preferential trade agreements have begun to cover other areas of regulation, such as competition policy, protection of intellectual property rights, electronic commerce and many other industries, which, naturally, increases the positive effect of such agreements.

Efficiency from concluding an agreement on a free trade zone with a particular partner depends on many factors, including the actual intensity of trade. The effect of FTAs is enhanced if the countries that have concluded the agreement are “natural” trading partners. It increases the benefits of concluding a preferential trade agreement and the complementarity of production or consumption in the countries participating in the agreement.

Kyrgyzstan has free trade area agreements (FTAs) with the CIS member countries. However, these agreements actually consolidated the free trade that existed before the collapse of the USSR; therefore, one does not have to talk about the effect of the FTAs on the growth of trade between our countries.

Another example is the agreement on a free trade zone with Vietnam concluded within the framework of the EAEU, which, as you know, entered into force in October 2016. If you look at the statistics on trade between Vietnam and Kyrgyzstan, in 2018 the total trade grew by 2.2 times by 2016, including Kyrgyz exports to Vietnam grew 4.4 times, imports from Vietnam increased 2 times.

The volume of trade between our countries is still insignificant; in 2018, trade turnover amounted to only 7.2 million dollars. However, a clearly visible trend is an increase in trade between our countries.

Resource: http://www.rbgmedia.ru/

11.09.2019

Interview of Member of the board – Minister in charge of Economy and Financial Policy Timur Zhaksylykov to the magazine “Eurasian financial & economic herald

– Mr. Zhaksylykov, the Eurasian Week which you chair includes a panel session “Business, money, people: approaches to deepening integration within the EAEU”. Could you please give some details about the subject for discussion with colleagues?

– This year is the fifth anniversary of the Treaty on the Eurasian Economic Union. Today the Eurasian Economic Union successfully works in many areas. The Union member-states demonstrate growth of GDP, foreign and mutual trade of goods and services. The GDP of the Union member-states in 2018 grew by 17.6% in comparison to 2015, the industrial production grew by 34.3% correspondingly, foreign trade – by 30%, mutual trade – by 30.9%.

No doubt that the driver of the economic growth of the Union member-states is business. That’s why it is necessary to create most favorable conditions for entrepreneurship by means of freedom of service trade, incorporation, activities and investments. And it is the Eurasian integration that is an important factor of higher competitiveness of businessmen in the Union member-states and promotes economic growth of the countries and better living standards of population.

The current global trend of economic development is a larger share of services in GDP of all countries in the world. In particular in the mature economies services account for 70% of GDP, In the European Union – 73.3% (in 1970 – 53.3%), in USMCA (former NAFTA) – 79% (in1970 – 64.8%).

Promotion of services becomes one of the priorities of economic development of the Union member-states as well and a gradual growth of the amount of exported services proves it. Total services export of EAEU in 2018 reached $83 525 million and in comparison to 2000 it increased sevenfold.

Positive dynamics in the sector especially in the last four years is related to integration processes, creation of conditions for mutual trade between the Union member-states including the implementation of a single market rules, improvement of internal regulation, liberalization of service trade.

And it is the liberalization carried out by the Union member-states that brings the most considerable results since it implies the removal of limits, barriers and other obstacles of investments and services. As a proof is bigger investment flows in 2018 in the Union which grew by 36.7% compared to the previous year.

This trend evidences more active investment cooperation, execution of joint business projects of the Union states, gradual promotion of free service trade and incorporation, practical use of the advantages of the single service market.

Today the share of service sectors of the EAEU single market in the total service sector amounts to over 55%. The single market enables the service providers to work in any Union member-state without incorporation or readmission of permit. Moreover, they don’t need the readmission of qualification for service provider personnel, qualifications are recognized automatically. In this regard further extension of statement of service sectors within the single market is anticipated which will allow the Union countries use this potential to increase service share in the economies.

However, considering the future of this area we would also like to discuss the issues of economic development with regards to compliance practices which require clarification. For example within the single service market there are still such problems like nonrecognition by some regulators of the permits issued to a service provider in one state and valid on the territory of any EAEU member-state. In some cases there are limitations for automatic recognition of qualifications of service provider personnel received on the territory of any Union member-state. Freedom of incorporation is not fully exercised. It is necessary to discuss the additional requirements when opening accounts for service providers and their transaction of money from one Union country to another. Potential advantages of service liberalization depend on internal regulation level. Once it is improved the advantages of service trade liberalization are improved as well as regulation practice.

To achieve this goal on December 26, 2016 the Supreme Eurasian Economic Council approved the Rules for the regulation of trade in services, incorporation, and activities which are a kind of basis for the freedom of services and business within the Union.

In its turn the Commission monitors the implementation of these Rules in the legislation of the Union countries and informs the Supreme Eurasian Economic Council about the results. These and other issues regarding service receiver rights, confidence building for regulators, providers and receivers of services are on the agenda of the panel session of the Eurasian Week. This platform will provide us with a feedback from entrepreneurs of the Union states, with more active interaction with business structures and will give impetus to integration too.

– This year anniversary for the integration. The main focus of the Forum of Eurasian Week in 2019 is to sum up the results of the first five years of the Eurasian Economic Union. What are the main achievements of this integration in your realm?

– The Treaty on the EAEU launched new equal right labor relations on the integration area of the EAEU and ensured the formation of a single labor market with equal preferences for workers and their family members which makes for resources mobility and better employment level.

For example, the citizens of the Union states are exempt from the limitations set by national legislation regarding the protection of internal labor markets, they don’t need labor permits or a patent.

The workers and their families have the right to stay on the territory of any other Union states during the period of the labor contract or civil law contract. They can stay in any of the Union states without registration up to 30 days since the day of entry. The workers of the Union avail of national tax regime, medical treatment, statutory disability insurance. Education documents are recognized automatically in any Union county.

However there are still untapped opportunities of integration and the Commission is working on the matter. For example almost competed is the draft Agreement on provision of pensions in the Union member-states. Once it is approved the workers will be able to form, keep and implement their pension rights on the territory of the Union states which will lead to positive dynamics in labor migration within the Union and will provide the workers with better social protection.

In order to recognize academic degrees and titles of the workers we are working on an international agreement on mutual recognition of such documents. Currently in progress is the creation of digital services for information and technical interaction between the players o single labor market regarding employment of the EAEU citizens.

For financial sector we have worked out a draft Concept for single market defining targets, stages, criteria and main areas including better availability and quality of financial services, growth of the financial sector and stronger competitiveness.

In 2016 the Agreement on information exchange in financial sector came into force, while 2018 was marked by the Agreement on harmonization of legislation on the financial market and a draft of the Plan of harmonization which defined the procedure and time limits for the harmonization of regulations and requirements set by legislations of the Union states. There is also a draft Road map to form a Single exchange space in the Union including the logically connected elements necessary for an effective work of a forex exchange. For a start we have prepared a draft Agreement to allow brokers and dealers of one Union state to the trades at the exchanges of other Union states.

This document will entrust national exchanges with the right to recognize the licenses of brokers and dealer issued in other Union states and will ensure their direct participation in the trades. At the same time there is a draft Agreement of securities placement and trading in the Union states aiming at freedom of securities emission and trading.

As for monetary policy we continue working on harmonization and liberalization of legislation in the sector. Pending is the draft Agreement of coordinated approaches to monetary legal relationships and liberalization measures. This will allow our citizens to open accounts without limitations in foreign and national currencies in the banks of other Union states. We have defined a list of transactions which will not be limited to ensure the freedom of money flow of residents.

At the final stage is the draft Agreement of information exchange regarding credit records which will allow the banks to assess borrowers’ status from other Union countries.

An important factor for a single market is the coordination of tax policies and administration. So we work on simplification of VAT, better tax administration with the use of information technologies to facilitate export procedures and VAT return to business.

Almost completed is the draft Agreement of audit within the Eurasian Economic Union which implies the right of any citizen of a Union state to receive audit service without limitation and exemption with the recognition of qualifications and audit reports.

Intellectual property is also in focus. Authorized bodies of EAEU member-states and EEC coordinate their work to harmonize compliance practices, to improve measures to combat infringement products.

The Union states follow a coordinated management scheme for authors’ rights and neighboring rights on a collective basis to create trustful legal relations between right holders and such organizations.

We have completed the legal framework for the mechanism of single customs register of the intellectual property items. In the nearest future it will be possible to apply online in personal accounts on the Union’s website.

In process is the system of registration of brand names of the Union and places of origin of the products implying legal protection in all Union member-states simultaneously.

For entrepreneurship promotion there is an effective mechanism of participation of business community in the formation of supra-national regulations

within the Union. The mechanism was introduced in 2015 and implies regulation effect assessment (REA) for the EEC draft decisions which are able to influence business.

REA is very popular judging by the received ideas, amendments during the EEC discussions from representatives of business and experts as well as by the high per cent of their introduction into the final EEC documents. Since the launch of REA 296 EEC draft decisions were discussed with 7.5 thousand amendments and observations and 5 000 of them taken into account when working on a document, the share of accounted amendments from business is 63%. In the Business Development Department of EEC the share of REA is even higher and excesses 75%.

Besides the REA procedure is also implemented into the work on technical regulations of the Union which is very important for business.

REA is being improved these days. For example this year the Eurasian InterGovernmental Council has assigned to launch a pilot project to assess the actual effect of EEC decisions leading to overall assessment of the whole range of regulations within the Union.

– You have said several times that it is necessary to raise the effectiveness of interaction between the EAEU member-states within the single service market. What steps should be taken here and how can the Forum assist in this matter?

–To raise the effectiveness of interaction between EAEU states within the single service market firstly there should be a non-barrier space for business of the Union. Such space provides access to service markets of the Union states without extra requirements, licenses and other permits due to mutual recognition of national permits and professional qualifications of service provider personnel. This as well as other conditions are provisioned by the rules of single service market.

Besides the single service market facilitates the development not only of large corporations but SME as well. Small and medium companies fall behind transnational corporations which use modern technologies, whose global networks, financial resources are sometimes equal to GDP of separate countries. The rules of single market decrease bureaucracy and simplify the criteria of the Union market access.

We believe that such instrument as implementation would be very useful. The EU experience is interesting in this regard when national measures should be taken in accordance with the European instructions in the service sector.

The implementation of the Treaty on the EAEU and the decisions of the Supreme Eurasian Economic Council in service sector will lead to effective work of single market, guarantee legal stability and become one of the ways to harmonize legislation of the Union states. Another way to create non-barrier space is the activity of the Commission to remove the existing obstacles and to prevent new ones. Taking into account that today services are in every aspect of life the removal of barriers will allow to solve problems of relevant sectors of economy.

At the same time the exemption of business from cumbersome procedures is an additional guarantee to ensure freedom of services flow.

Secondly there should be more service sectors covered by the rules of single market. Larger number of service sectors will raise the effectiveness of the single service market and bring more advantages to the service providers and receivers. Business requires lower costs and finds this opportunity on the single service market.

Today there are two ways to extend the single market: removal of segmentation of the sectors included into the list of services of the single market, and the implementation of the approved liberalization plans. Both ways develop the single service market and gradually involve new service sectors where the Union states are ready to provide more rights and freedoms to economic entities.

Thirdly there should be more confidence in the single service market among all its players based on transparency and integration of the service market, information exchange between regulators, service providers and receivers, better regulatory.

Rules for the regulation of trade in services, incorporation, and activities are already in force. They define how the Union states improve their business regulation ensuring transparency of new and current regulation instruments.

According to the Article 68 of the Treaty on the EAEU we conclude agreements of administrative cooperation first of all in the sectors of single market and those which are liberalized with regulators and information for exchange. Such interaction of the Union authorized bodies ensures tax and other obligations of the service providers and receivers, ensures statistic data and prevent unfair business.

These steps will allow to create a firm basis for transparent and effective introduction and application of the rules of single service market.

Fourthly there are challenges regarding consumer rights protection from unfair market players.

We believe that this task can be solved by interaction of authorized bodies of the Union member-states when carrying out the monitoring, administrative and procedural actions.

Such approach could provide guarantees and comfortable conditions for the fair market players as well as dismiss some fears of national regulators regarding consumer rights protection. Same mechanism of single market improvement works in the European Union.

All these measures will give a new impetus to the work and expansion of the single service market.

The final target of the effective EAEU single service market is to provide high quality services, to stimulate investments to the service sector and to develop integration.

And business society of our countries plays the main role in the formation and work of the single service market.

With this regard we hope for the proactive position expressed in the participation when revealing problems of the single service market including entrepreneurs inquiry and their appeals to the Eurasian Economic Commission.

Resource: https://www.fbacs.com/evraziyskiy-finansovo-ekonomicheskiy-vestnik/


05.08.2019

Organizing Committee of Eurasian Week Forum Outlines Main Agenda Topics

The layout of the business agenda for the 4th International Exhibition Forum Eurasian Week 2019 has been published on the official site of the event. The forum will be held in Bishkek, Kyrgyzstan, from 25 to 27 September 2019 and will bring together more than 2,000 participants, including government and business representatives, specialists from development institutions, financial regulators, experts from the EAEU member states and the Union’s partner countries.

“The Forum’s agenda is very diverse and interesting for the authorities, as well as for business representatives and the youth. The participants of the Eurasian Week will discuss urgent practical issues of creating joint programs in various fields, strategies for the further formation of the EAEU common markets, as well as the development of industrial cooperation between the Union’s companies”, said Almaz Sazbakov, Special Representative of the Kyrgyz Republic on the Eurasian Economic Union Affairs.

“I am glad that the Kyrgyz Republic has the honor to host the Eurasian Week this year, because Kyrgyzstan plays an important role for the EAEU being a kind of link with partners from non-EAEU countries that will also participate in the Forum. I am sure that the host party will do its best to assist with organizing and holding the event, thus reinforcing the status of the Forum and the Union in the international arena”, he added.

The events of the business agenda of the 4th International Forum Eurasian Week will cover three main areas - strategy, industry (partnership) and youth. The plenary meeting “The EAEU in the Global Economy: Challenges and Perspectives” will become another highlight of the Forum.

The strategy track is aimed at creating conditions for direct dialogue between businessmen and national and supranational regulators. Panel discussions on the EAEU common energy resource markets, the Union’s integration into the global market, joint programs and projects in the industrial and agricultural complex of the EAEU countries, as well as in the logistics and customs infrastructure of the Union will be held within the framework of the strategy track.

The industry track is aimed at developing interaction between the companies from the EAEU member states and other countries that are potentially interested in cooperation. It includes a procurement session for small and medium-sized agricultural producers, business contact exchange for the EAEU mining industry, as well as an investment show about infrastructure projects and information technologies.

An EAEU Young Leader School event, a presentation of educational programs of EAEU universities on the Eurasian theme, a session with the presentation of the Union’s universities, a business game for the EAEU young leaders and a meeting with Tigran Sargsyan, the Chairman of the EEC Board, will be held during the youth track.

The 2nd Kyrgyz-Russian Business Forum will become a special event of the Eurasian Week. It is aimed at establishing closer relations between Russian and Kyrgyz companies in agriculture and logistics, textile industry, machinery and tourism infrastructure.

The Finals of the Eurasian Digital Platforms innovative projects competition and the awards ceremony are among the most expected industry events of the Eurasian Week.

Participation in the Eurasian Week Forum is free of charge. Please register on the official site of the event www.eurasianweek.com.

Reference Info

The Eurasian Week Forum is an annual event organized by the EAEU and the Eurasian Economic Commission. The initiative of holding the Forum was approved in May 2015 by resolution of five EAEU prime ministers. The Forum includes business and exhibition agendas and promotes establishment of B2B and B2G contacts.

In 2018, Eurasian Week was held in Yerevan, the capital of the Republic of Armenia, bringing together more than 3,000 guests representing business, governmental agencies and expert community of the EAEU member states, Singapore, EU, South Korea, Chile, Vietnam, Egypt, Iran and other countries.


02.08.2019

Registration for Eurasian Week 2019 Opened

The EAEU’s largest business forum will be held in Kyrgyzstan

The 4th Intentional Forum Eurasian Week 2019 will be held in Bishkek, the capital city of Kyrgyzstan, from 25 to 27 September with the support of the Roscongress Foundation. The corresponding decision was taken at the first meeting of the Organizing Committee of the event. Ala-Archa, State Residence No. 1, where major economic and political events of Kyrgyzstan take place, has been selected as the venue of the forum.

According to the organizers, this year the slogan of the forum will be: “EAEU: Consolidation. Development. Strength”.

“The agenda of the 4th International Forum Eurasian Week is dedicated to discussing the results of the five years of the Union’s existence and identifying new integration vectors, developing cooperation with Eastern foreign partners and creating export opportunities, as well as developing measures to decrease exposure to the global economic volatility”, Veronika Nikishina, a member of the Trade Board (Minister) of the Eurasian Economic Commission, the Chairman of the Organizing Committee of the 4th International Forum Eurasian Week, noted.

The forum program envisions setting up more than 20 spaces for three blocks. Such blocks include the strategy track comprising the key and prospective lines of the EAEU development. The partner track is for discussing practical business issues related to major industries that are of critical importance for Kyrgyzstan and the EAEU. Within the framework of the youth track, an EAEU Young Leader School event, a session with the presentation of EAEU universities, a business game and a session on employment issues will be organized.

This year invitations to the forum have been sent to Mukhammedkalyi Abylgaziev, Prime Minister of the Kyrgyz Republic, Mher Grigoryan, Vice Premier of the Republic of Armenia, Igor Petrishenko, Deputy Prime Minister of the Republic of Belarus, Askar Mamin, Prime Minister of the Republic of Kazakhstan, Zhenish Razakov, Vice Prime Minister of the Kyrgyz Republic, Anton Siluanov, First Deputy Chairman of the Government of the Russian Federation - Minister of Finance, Tigran Sargsyan, Chairman of the Board of the Eurasian Economic Commission, as well as representatives of the business and expert community.

An exhibition dedicated to agriculture and food industry to be held during Eurasian Week 2019 will become one of the highlights of the forum. Not only experienced manufacturers willing to share their competence are invited to take part in the exhibition, but also companies that are currently in search of business solutions.

We would like to remind that this is the fourth year that the International Exhibition Forum Eurasian Week is held. As previous years show, the forum has become the major business event and a venue for free opinion sharing for representatives of the business community, state agencies and expert community of the EAEU states and other countries.

The Forum aims at sharing the opportunities and potential of the EAEU countries on an international scale to develop a methodology and to build up the global economy in cooperation. The Forum promotes the development of direct B2B contacts and the engagement of third-country companies as prospective consumers and investors to create competitive and export-oriented products.


16.10.2018

One Week Left before the Eurasian Week Forum

Moscow, Russia, 15 October 2018 – Seven days are left until the start of the 3rd Eurasian Week International Forum. The largest summit of state representatives, regulators and businesses in the Eurasian Economic Union (EAEU) will take place in Erevan, Armenia, on 22-24 October.

The Eurasian Week 2018 Forum focuses on establishing a favorable business environment within the EAEU member states, reinforcing industrial ties, developing export potential, creating attractive conditions for foreign investors. Among the partners of the event are the Ministry of Industry and Trade of Russia, Rostekh Corporation, Center for Development of Next-Generation Technologies (CRPT), Eurasian Partnership Forum, etc.

One week prior to the Forum, more than 2,000 attendees and over 150 speakers confirmed participation. Among them are deputy prime ministers and ministers, heads of state corporations and business representatives from the EAEU member states. Participants from Russia, Afghanistan, Armenia, Argentina, Belarus, Cambodia, China, Germany, France, Georgia, Hungary, Iran, Italy, Kazakhstan, Kyrgyzstan, Lithuania, Moldova, the Netherlands, Nigeria, Qatar, Spain, Switzerland, the UAE, the United Kingdom, the USA, Tajikistan, Taiwan, Uzbekistan, and Ukraine are attending.

The Forum agenda has more than 30 discussion events. The three-day forum will open with the plenary meeting Real Sector of the EAEU Economy: Enhancing Potential in the Course of Integration in which leaders of the Republic of Armenia, deputy prime-ministers and ministers of the EAEU countries will participate. Other global topics tackled at the event include International Economic Activities of the EAEU as a Foundation of Economic Growth and a Factor of Stable Business Development, Use of the EAEU integrational potential in the development of the construction materials industry. The Forum also features round table discussions on the following topics: Improving the Provisions of the EAEU Treaty on Technical Regulation, Digital Traceability in the EAEU: Development Prospects. Apart from that, the Forum hosts the finals of the Eurasian Digital Platforms innovative projects contest.

This time the Forum will feature an exhibition program showcasing export-oriented companies of the EAEU from various sectors of the economy. With more than 4,000 square meters of exhibition space, EAEU industrial and cooperation capacity will be presented by more than 100 companies in six areas: pharmaceuticals and medical equipment, agriculture, jewelry industry, light industry, production of innovative construction materials, technologies for the industry (including IT).

Participation in the Eurasian Week Forum is free of charge. Please register on the official site of the event www.eurasianweek.com.

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Reference Info

The Eurasian Week Forum is an annual event organized by the EAEU and the Eurasian Economic Commission. The initiative of holding the Forum was approved in May 2015 by resolution of five EAEU prime ministers. The Forum includes business and exhibition agendas and promotes establishment of B2B and B2G contacts.

The first Forum was held in October 2016 on the premises of the Open Innovations Moscow International Forum. The second Forum was held at the Expo platform in Astana, Kazakhstan, in August 2017. The event annually hosts more than 2,000 participants from EAEU member states and third countries.

Media Contacts: Nikolay Yevdokimov, +7 903 660 43 14

Kristina Semyonova, +7 925 724 49 29

press@eurasianweek.com


06.09.2018

Draft Programme of the 3rd Eurasian Week International Forum Published

A draft business programme of the 3rd International Exhibition Forum has been published on the official site of the event. It covers three days and includes 30 events in three general segments – strategic, industry-specific and business treks.

The forum that is to take place in Yerevan, Armenia, from October 22 to October 24, 2018 will host vice premiers and ministers, heads of state corporations and representatives of leading businesses of the Eurasian Economic Union (EAEU) member states and partner countries.

Moscow, Russia, August 29, 2018 – The first day of the 3rd Eurasian Week International Forum, October 22, will start with the plenary session The Real Sector of the EAEU Economy: Enhancing Potential in the Course of Integration. The session will highlight the development of the Union through industrial cooperation between relevant market participants.

Other major events of the first day of the Forum will be the presentation of the current paradigm of EAEU development, the panel discussion Eurasia and Iran: from Cooperation to Strategic Partnership, the panel session The Astana International Financial Center - New Opportunities for Eurasian Business, as well as the finals of the innovation projects contest Eurasian Digital Platforms. Simultaneously, several discussions will be organized on issues related to tax policies, regulation of international contracts, export potential of the consumer industry and the outlook for further development of the Eurasian integration.

On October 23, the programme will start with the plenary session Technological Breakthrough and Potential Opportunities of EAEU Nations. The session will be dedicated to the development of a well-coordinated policy of introducing innovations and technological exchange within the Union. The event will logically be followed by subcontracting sessions of small, medium-sized and large businesses of the EAEU that will enable the participants to establish business ties between customers and vendors of the Union.

The key events of the second day of the Forum include the strategic session Eurasian Continental Partnership: Expanding Space for Business in the EAEU, panel discussions Current Issues Related to Competition within the EAEU and Rebooting the Jewelry Industry: from Handicrafts to Brands, as well as the summit of EAEU cities EAEU Urban Environment as a Territory of Development. Among the subjects to be discussed are agriculture, cryptocurrencies and blockchain, digital agenda of the EAEU, development of transport and industrial production, as well as other issues.

The third day, October 24, will include several discussions dedicated to functioning of the EAEU internal market, creation of a common market of medications and medicinal products, standards and regulations related to organic products, technological and industrial cooperation within the Union, as well as the future of the EAEU as the younger generation sees it. The highlight of the last day will be the meeting of the EAEU Business Council Eurasian Cooperation 2.0. On the Way Towards Barrier-Free Cooperation.

The intensive programme of the forum has been worked out in such a way so as to enable businesses to tell representatives of state authorities their point of view on existing difficulties, ask their questions and get relevant information on the potential of the EAEU. It will be possible to talk to regulators face to face, as well we to establish new partner relations, says Veronika Nikishina, member of the Board of the Eurasian Economic Committee (Minister) for Trade.

During the three days interactive surveys, presentations, business negotiations, training sessions and business trainings for entrepreneurs will be held on the margins of the Eurasian Week Forum.

An exhibition displaying the export and cooperational potential of the EAEU will be held at the venue during the Eurasian Week Forum. The exhibition will host more than 120 participants engaged in agriculture, consumer industry, precision engineering and IT, production of innovative construction materials, jewelry and pharmaceuticals.

Participation in the Eurasian Week Forum is free of charge. Please register on the official site of the event www.eurasianweek.com.

Reference Info

The Eurasian Week Forum is an annual event organized by the EAEU and the Eurasian Economic Commission. The initiative of holding the Forum was approved in May 2015 by resolution of five EAEU prime ministers. The Forum includes business and exhibition agendas and promotes establishment of B2B and B2G contacts.

The first Forum was held in October 2016 on the premises of the Open Innovations Moscow International Forum. The second Forum was held at the Expo platform in Astana, Kazakhstan, in August 2017. The event annually hosts more than 2,000 participants from EAEU member states and third countries.

Media Contacts:
Nikolay Yevdokimov, +7 903 660 43 14

Kristina Semenova, +7 925 724 49 29
press@eurasianweek.com


17.07.2018

The EAEU business community to meet in Yerevan at the Eurasian Week Forum

The third Eurasian Week international exhibition forum will assemble over 2,000 attendees from the EAEU member states and third countries in Yerevan, Armenia, on 24-26 October 2018.

Moscow, Russia, 19 June 2018 – The international exhibition forum Eurasian Week is arranged annually by the member states of the Eurasian Economic Union (EAEU, the Union) and the Eurasian Economic Commission (EEC) with the support from the heads of governments. In 2018 this major business event will be held in the capital of Armenia on 24-26 October, and will aim at developing cooperation links, economic, investment and export capacity of the EAEU. The Forum will gather over 2000 participants representing governments, businesses, development institutions and financial regulators and experts from the EAEU member states and third countries.

Three tracks of the business agenda

The industry track sessions are dedicated to development of cooperation and export capacity in the priority industries: agriculture and food industry, IT technologies and precision engineering, pharmaceuticals and medical products, light industry, jewelry and construction materials.

The business track features industry subcontractor exchanges aimed at stimulating contacts between large, medium-sized and small businesses in the EAEU and third countries.

Finally, the strategic track will become a venue for direct dialogue between business and regulators at the national and international level, informing investors about the rules of running business in the EAEU space.

This year the Forum features an extensive exhibition of the EAEU export and cooperation capacity, with over 120 exhibitors.

“Eurasian Week is becoming one of the largest events in the Eurasian Economic Union space. Last year we were able to achieve the forum’s main goal – businesses displayed active interest in the processes taking place in the Union, with more than 60% of the attendees coming from the business community in the EAEU and partner states. I am confident this year’s event will become even more massive and interesting,” says Veronika Nikishina, the Member of the Board (Minister) for Trade.

In 2017, the forum was held at the Astana EXPO-2017 venue, becoming one of the top-18 most important activities of the business part of the global exhibition. Over 2000 visitors attended the Forum from 46 countries, including China, Egypt, the EU, India, Iran, Turkey, the USA and Vietnam.

For your reference.

The Eurasian Week Forum is an annual event arranged by the EAEU and the Eurasian Economic Commission. The initiative to conduct the international exhibition forum Eurasian Week was approved by resolution of prime ministers of the five EAEU member states in May 2015. The Forum includes a business and exhibition agenda promoting the establishment of B2B and B2G contacts.

The first Forum was held in October 2016 at the venue of Open Innovations Moscow International Forum. The second Forum was held at the Astana EXPO-2017 in Kazakhstan, in August 2017. The event annually assembles over 2,000 attendees from EAEU member states and third countries.

Media contacts:
Nikolay Evdokimov, +7 903 660 43 14

Kristina Semenova, +7 925 724 49 29

press@eurasianweek.com


17.07.2018

Program Architecture of the Eurasian Week International Forum Became Available

The Organization Committee of the III International Forum “Eurasian Week” has published the program architecture, which is now available on the official website. The event will take place in Yerevan, Armenia, from 22-24 October 2018. Over 2.5 thousand participants will attend the Eurasian Week including governmental bodies, businesses, development institutions and financial regulators, as well as experts from the Eurasian Economic Union (EAEU) member states and partner countries.

Moscow, Russia, 17 July 2018 – The program of the III International Forum Eurasian Week features three major sessions, which are Strategic, Industrial and Business tracks.

The Strategic track aims at stimulating a direct dialogue between business and regulatory bodies, both national and international.

The Plenary session will focus on cooperation in industry – participants will discuss how to learn to trust each other and benefit from it.

The Strategic track also includes panel discussions on the following issues: competition in the EAEU territory; the future of the Union in the face of global challenges; the Greater Eurasian Partnership; a business dialogue on taxation without disaffecting the cooperation; a debate on prospects of cryptocurrency and other aspects of digital economy, as well as a brainstorming session “The EAEU future in the eyes of the youth”.

The EAEU Regions Summit will feature a discussion on how to remove barriers and strengthen the processes of interregional cooperation in the sphere of industry.

Traditionally, the Eurasian Week will include discussions on cooperation with the Union’s partner countries, including China that had signed an Agreement on trade and economic cooperation in May 2018, and Iran, which at the same time had conducted a Temporary Agreement leading to a formation of a free trading zone.

A key part of the Strategic track is the Meeting of the EAEU Business Council, where business representatives will determine priorities of the Union’s economy development and discuss how to raise competitiveness through cooperation. Delegates will also coordinate a joint promotion of their products in the third countries. The program also includes a Meeting of the Consultancy Board on Interaction of the Eurasian Economic Commission and the EAEU Business Council.

The Industrial track includes discussions on development of cooperation and expansion of export capabilities in the areas like IT and precision engineering, agriculture, light industry, pharmaceutical and medical products, jewelry and lighting industries, as well as in creating smart cities. Particular attention will be paid to creating a joint infrastructure, developing common standards and harmonizing the legislation.

One of the most anticipated events of the Eurasian Week is the Final of the innovation projects contest “Eurasian Digital Platforms” and its award ceremony.

The Business track of the program will provide an opportunity to solve practical issues faced by entrepreneurs, as well as to establish business contacts within the EAEU and the third countries. The track features a discussion of manufacturers and transporters on the issues of transport and logistics complex. Two more topics are development of new digital products for the EAEU market and production of "smart" construction materials. Forum attendees can also take part in workshops on how to establish business for entering EAEU market and to access retail networks.

“The forum program contributes to finding common practical solutions and to developing business. It is important for us to help producers and suppliers from various countries receive useful information and strengthen business ties for successful business in the EAEU market. The forum provides entrepreneurs with an opportunity to get answers to their questions directly from representatives of government authorities and development institutions, financial regulators, as well as experts from the EAEU and third countries,” – commented Veronika Nikishina, Member of the Board (Minister) for Trade​ of the Eurasian Economic Commission.

This year the Eurasian Week will host a large-scale exhibition of the EAEU export and cooperation potential that will attract over 120 companies from the following sectors: agriculture, light industry, precision engineering and IT, innovative construction materials, jewelry and pharmaceuticals industry.

Participation in the Eurasian Week Forum is free. To register please visit the official website www.eurasianweek.com.

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Reference

The Eurasian Week Forum is an annual event arranged by the EAEU and the Eurasian Economic Commission. The initiative to conduct the international exhibition forum Eurasian Week was approved by resolution of prime ministers of the five EAEU member states in May 2015. The Forum includes a business and exhibition agenda promoting the establishment of B2B and B2G contacts.

The first Forum was held in October 2016 at the venue of Open Innovations Moscow International Forum. The second Forum was held at the Astana EXPO-2017 in Kazakhstan, in August 2017. The event annually assembles over 2,000 attendees from EAEU member states and third countries.

Contacts for media:
Nikolay Evdokimov +7 903 660 43 14

Kristina Semenova +7 925 724 49 29

press@eurasianweek.com