Today Prime Minister of Kazakhstan Bakytzhan Sagintayev took part in the session of the Eurasian Intergovernmental Council in Minsk. A total of 23 issues were discussed regarding trade and economic cooperation and expansion of mutual trade between the Member States of the Union, the elimination of obstacles in the framework of the internal market of the EAEU, and the development of integration potential in certain sectors of the economy.

The meeting was also attended by the Prime Ministers of the Russian Federation - D. Medvedev, Belarus - S. Rumas, Kyrgyzstan - M. Abylgaziev, Acting Prime Minister of the Republic of Armenia A. Mirzoyan.

Prior to the session, the Heads of government delegations participating in the EIC were received by President of the Republic of Belarus A. Lukashenko. During the meeting, the Union’s role in strengthening country cooperation was noted and positive growth rates of the main economic indicators of the EAEU were indicated.

The session of the Intergovernmental Council was traditionally held in a narrow and extended format.

During the private meeting, the participants exchanged views on topical issues of economic cooperation, summed up the interim results of the implementation of the agreements reached and identified areas for further work in the EAEU. In particular, they heard reports on the implementation of the digital agenda, the formation of a common financial market, the principles of tax policy, the creation of a system of marking goods with identification marks, the use of a trademark of the Eurasian Economic Union, the removal of obstacles in the domestic market, etc. According to the Eurasian Economic Commission, in 2017–2018 about 25 barriers, restrictions and exemptions in the domestic market, impeding the development of mutual trade between the EAEU member states, were eliminated.

In total, the private meeting covered 14 issues on the agenda of the EIC session and it was noted that there is a universal focus on the further development and strengthening of the common union. At the same time, during the discussion, comments and suggestions made by the Kazakh side on a number of issues under consideration were taken into account. On the remaining agenda items, the positions of all countries are coordinated and were adopted without discussion.

The Chairman of the Executive Committee - CIS Executive Secretary S. Lebedev also took part in the extended meeting as a guest.

The discussions during the extended meeting were focused on the development of cooperation in trade, industry, agriculture, energy, food security and transparency in the passage of goods. The Kazakh side, in turn, raised the issues of expanding the Union’s foreign trade turnover and the prospects for creating a new tool for interaction in the field of economics and financial policy.

In his speech, Prime Minister of the Republic of Kazakhstan B. Sagintayev noted that next year will mark 25 years since the President of the Republic of Kazakhstan N. Nazarbayev voiced his idea to create an integration project, the basic principles of which are equality and mutual benefit and 5 years since the signing of the Eurasian Economic Union Treaty. During this time, the necessary regulatory framework has been created, strategic sectoral documents have been adopted, and the main priorities for work in the medium term have been outlined.

At the same time, it was indicated that given the rapidly changing market conditions, the initiative of N. Nazarbayev to establish a Commission on the current economic situation, announced in May of this year in Sochi, is of particular relevance. This platform will allow jointly developing specific proposals for responding to external challenges and mitigating their impact on the economies and financial systems of the Union member countries.

In addition, B. Sagintayev voiced the need to continue work on building trade and economic ties with major partners and new growing markets. This should be an additional impetus for enhancing the role of the EAEU in the global market. Here, building relations with large international organizations is seen as one of the most promising tracks. For example, the potential for cooperation with the European Union: the EU occupies a significant share in the foreign trade of the EAEU member countries and this interaction needs to be developed.

Following the meeting, a number of documents were signed, regarding the adoption by the Eurasian Intergovernmental Council of the following decisions, orders and instructions:

On the development of the concept of applying special regimes (“regulatory sandboxes”) within the framework of the implementation of the Union’s digital agenda;

On the progress of work to remove obstacles in the domestic market of the EAEU in 2017–2018;

On the system of labeling goods with control (identification) marks;

On joint forecasts for the development of the agro-industrial complex, supply and demand balances of the EAEU member states on agricultural products, food, flax fiber, raw leather, cotton fiber and wool for 2018–2019;

On the plan of measures to ensure the promotion of the production and use of wheeled vehicles with electric motors in the EAEU Member States for 2018–2020.

In addition, the Heads of Government resolved a number of organizational issues. The next meeting of the EIC will be held in early 2019 in Almaty.

Recall that this year it is the third meeting of the Heads of Governments of the member states of the Eurasian Economic Union. Earlier, meetings of the Eurasian Intergovernmental Council were held on February 2 in Almaty, July 26–27, 2018 in St. Petersburg.

Published: 27 November 2018



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