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The Supreme Eurasian Economic Council (SEEC) conferred new powers in customs regulation to the Eurasian Economic Commission (EEC)

The Supreme Eurasian Economic Council (SEEC) conferred new powers in customs regulation to the Eurasian Economic Commission (EEC)

4/14/2017

On April 14, in Bishkek (Kyrgyzstan) SEEC held a session with participation of the leadership of the EAEU member-countries. The session was attended by Igor Dodon, the President of the Republic of Moldova.

Among the topics for discussion there were: improving efficiency of customs regulation within the EAEU single customs territory, expanding cooperation with the most significant partners, macroeconomic milestones for the EAEU member-countries for 2017 - 2018, as well as some staff-related resolutions.

In the introductory part of the session, the SEEC Chairman, the President of Kyrgyzstan Almazbek Atambayev said that creating business-friendly environment is one of the core SEEC priorities in 2017.

The leaders of member-countries welcomed the intention expressed by Republic of Moldova to have the status of EAEU observer. 

At the same time the task of EEC was to develop the Directive covering the status of observer-country and to have it presented during the next SEEC session. This will allow the countries willing to have economic relations with EAEU to obtain detailed information on technical regulations, veterinary and phytosanitary standards. They will also be able to adapt to EAEU requirement already at a document preparation stage.

One of the core issues discussed during the SEEC session were trade and economic relations with the non-member countries. Tigran Sargsyan presented to the leaders of the EAEU member states a report on the EEC results in development of trade and economic relations with different countries, regional and international associations in 2015 - 2016. The EEC Board Chairman noted that for the implementation of international part of the agenda the Commission is having negotiations with the key partners and is taking care of the business interest of the EAEU member countries.

In 2017 EEC plans to focus on achieving agreements with 7 or 8 countries, such as China, Singapore, India, Israel, Egypt and Iran. 

Based on the results of negotiations some agreements will be concluded. Those agreements will cover various forms of preferential trade policies, such as free trade areas. 

The leaders of member states acknowledged the importance of soonest commencement of EAEU Customs Code and the necessity of removing barriers in the inter-state trade.

The Presidents assigned to the Council and EEC Board more new powers in customs regulation within the single EAEU customs territory. EEC is going to work on decision covering 279 issues, the norms for those issues are stipulated in the Customs Code being adopted.

Two members of the EEC Board - Timur Suleimenov and Nurlan Aldarbergenov (Kazakhstan) - were removed due to their assignments to new positions.

The new members of the EEC Board from the Republic of Kazakhstan are: 
- Timur Zhaksylykov (in charge of economics and financial policy); 
- Marat Kusainov (in charge of market competition and anti-monopoly regulation);