Sign In
Development of a common information system of the EAEU and the use of integration potential of the Union countries - outcomes of the EEC Board session

Development of a common information system of the EAEU and the use of integration potential of the Union countries - outcomes of the EEC Board session

1/13/2017

The plan for development of a common information system of the EAEU for 2017-2018 was adopted by the Council of the Eurasian Economic Commission, which session was held on January 13, 2017. "Creating a digital online space that ensures the exchange of information between the authorities of the EAEU Member States, as well as the creation of a transparent environment for movement of goods and services is one of the most promising and important vectors of the EEC activities,” the Chairman of the EEC Board, Tigran Sargsyan, noted during the session of the Council.

Already in 2017, the information exchange systems in the field of medical products and medicines, registers for identification of foreign trade operators and intellectual property rights owners common for all the countries of the Union will start operation. A common system of access to state (municipal) procurement in the EAEU made in electronic format will be launched.

In addition, the Council members approved the list of goods imported from developing and least developed countries in respect of which tariff preferences are granted. The list includes products, and raw materials, import of which is not sensitive to the economies of the Union countries. For example, it includes coffee, spices, cocoa beans, mate tea, cork and its products, wood products from tropical wood, natural rubber, gutta-percha and similar natural resins. In addition, customs duties will be reduced on collectibles and antiques, precious metals and pearls, handmade carpets. For primary commodities of industrial nature, ferrous and non-ferrous metals, some types of machinery products will be covered with customs preferences.

In general, customs preferences will be granted for about 60% of the products imported from the developing and least developed countries (earlier - 37%).

This decision is an important step for implementation of WTO decisions and contributes to the further integration of the EAEU Member States in the world economy. However, the Eurasian Economic Union will continue to provide the tariff protection in respect of the product groups, particularly important for the economies of the Union countries.

At the meeting, the Council also approved an agreement governing the voluntary harmonization procedure in granting to the Union Member States of specific subsidies, as well as the procedure for payment of compensations in case of a breach of obligations in the field of state support to agriculture.

Minister in charge of Integration and Macroeconomics, Tatyana Valovaya, presented a report on the economy sectors with maximum integration potential. Industries that allow increasing the level of import substitution through business cooperation of enterprises within the EAEU include engineering, manufacture of textiles and garment products, petrochemicals, transport and communication. In addition, industrial partnership of the Union countries in metallurgy, power generation, mining of natural resources and trade gives a significant multiplier effect. There are opportunities to increase exports of products of petrochemical industry, machine building, food and paper industries to third countries.


"Proposals for the use of cooperative business opportunities within the EAEU are based on support for the modern innovative sectors of the economy, strengthening cooperation between enterprises within the Union countries and promoting exports growth of products of our manufacturers into third countries. It is important to simplify regulatory environment, as well as to maintain a consistent work to reduce the number of barriers, limitations and exceptions, impeding the development of business and the comfortable life of the citizens of the Eurasian Economic Union countries," Tigran Sargsyan emphasised.

Minister in charge of Industry and Agroindustrial Complex of the EEC, Sergey Sidorskiy, drew attention of the Council members to the positive dynamics of agriculture development in EAEU. In particular, it can be expected that in such agricultural products like milk, poultry, lamb, potatoes, vegetables, domestic production will fully meet consumer demand already by 2018. However, a high level of dependence on imports of fruits and berries, including those that can be grown in the countries of the Union, still remains. To support further growth, we must implement a set of measures, including the introduction of high-tech technologies in livestock and crop production, creation of pedigree herds of most popular breeds, construction of modern processing facilities, support for agricultural engineering and optimization of leasing procedures, including by reducing the financial burden on farmers.

The participants of the meeting discussed 18 matters in total relating to arrangement of interaction of the EAEU Member States.