Navigate Up
Sign In
Eurasian Intergovernmental Council instructed to start addressing issues of applying response measures in Union’s territory

Eurasian Intergovernmental Council instructed to start addressing issues of applying response measures in Union’s territory

IMG_6305.JPG
2/6/2021

Following a meeting held on February 5 in Almaty (Kazakhstan), the Eurasian Intergovernmental Council instructed the Eurasian Economic Commission, jointly with the Governments of the Eurasian Economic Union Member States, to start addressing the mechanism for applying measures in accordance with Paragraph 1 of Article 40 of the Treaty on the EAEU dated May 29, 2014.

Paragraph 1 of Article 40 of the Treaty on the Union refers to applying response measures against a third party in the EAEU customs territory. Efforts will be taken to ensure efficient protection of the economic interests of the Union and its Member States. Along with that, it was instructed to pay special attention to cases of blocking the procedure for settling trade disputes provided for by existing international treaties.

 

The problem of blocking dispute settlement procedures has recently been aggravated due to suspending activities of the Appellate Body of the World Trade Organization (WTO). As a result, the respondent party, being the WTO Member and having filed an appeal, may apply measures recognized as inconsistent with the organization's law, negatively affecting other Member States’ economies.


A procedure for navigating situations wherein it is impossible to settle a trade dispute provided for in the current Union’s Agreements on Free Trade Area should be determined.

After addressing the relevant issue, the EEC, jointly with the Governments of the Member States, was instructed to prepare proposals with draft regulatory acts.​