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The agreed policy in various areas of Eurasian integration was discussed at the EEC Council in Kyrgyzstan

The agreed policy in various areas of Eurasian integration was discussed at the EEC Council in Kyrgyzstan

8/23/2017

The members of the EEC Council discussed 20 issues at the session held on August 22 in Cholpon-Ata (the Kyrgyz Republic). As noted by the Chairman of the EEC Board, Tigran Sargsyan, "the agenda included many conceptual topics that generated active discussion at the session of the Council.” Tigran Sargsyan highlighted a number of topics related to foreign economic cooperation: "We have discussed with the members of the Council our positions on the outer track. In particular, how the negotiation process on Singapore is going on. We also agreed to continue working with our colleagues from Korea in the format provided for in the Memorandum of Cooperation. Another key vector for us is the conclusion of a Free Trade Area Agreement with Israel. We agreed how to speed up the work in this direction. The importance of the international vector in the activities of the Commission was also noted by the Chairman of the EEC Council, the Vice Prime Minister of the Kyrgyz Republic, Oleg Pankratov.

Among the topics discussed at the session of the EEC Council and related to the deepening of integration processes, the issues of labelling and traceability are, according to the Chairman of the EEC Board, of particular importance. "It is important for us to have an agreed policy on the widest possible range of goods. We need a deep understanding of where and on what technology platform we will make labelling, how to ensure mutual consistency of the systems of the EAEU countries, their interoperability. No restrictions for data transmission are essential so that the introduction of the labelling system would not become a new barrier for bona fide business," Tigran Sargsyan believes.

The EEC Council requested the governments of the Union Member States to complete untill September 30, 2017 domestic harmonization (DH) of the Draft Agreement on Labelling Goods with the Means of Identification in the EAEU. According to the results of harmonization, the EEC will finalize the Draft Agreement and resubmit the document for consideration of the Commission Council. After that it will be sent to the EAEU countries for approval by the national governments.

The document will provide support to bona fide manufacturers on the territory of the EAEU countries.

It provides for the introduction in the Union countries of labelling goods with the means of identification that are unified within the EAEU. Powers for the implementation of the unified system of labelling goods in the Union will be shared between the Commission and the Member States.

The EEC Council decided to temporarily reduce customs duties on PVC and Acrylic polymers (3904 22 000 0 and 3906 90 900 8 headings of the Commodity Nomenclature of Foreign Economic Activity of the EAEU (CN of FEA EAEU) used as raw materials for production of wallpaper from 6.5% to 0% for one year. To obtain the right to use the zero duty, it will be necessary to confirm the intended use of goods as PVC and Acrylic polymers used in the production of wallpaper do not differ from similar goods intended for other use in terms of physical and chemical properties.

In 2016, PVC imports to the EAEU countries totalled 31.2 thous. t (that is 10% less than the similar indicator in 2015 – 34.8 thous. t) with a total value of 49.8 million US dollars. The main importer among the EAEU countries is the Russian Federation (about 75% of total supply).

In 2016, supply in the EAEU of Acrylic polymers increased in quantitative terms compared to 2015 by 6% (from 169.5 thous. t to 179.9 thous. t), and decreased by 5% in value terms (from 327.7 million US dollars to 312.3 million US dollars).

Zeroing the import rate will allow manufacturers of wallpaper from the EAEU countries increasing the competitiveness of their products and reducing costs.

The EEC Council decided to make a separate heading for anid fibres with linear density of not less than 900 dtex (5402 19 000 0 heading of the CN of FEA EAEU) and to set the import customs duty rate of the CCT EAEU equal to 0% of the customs value. The measure will be valid until July 31, 2019. Today, the rate is 5%.

Anid fibres are used for the production of high-strength anid cord fabrics, which are used for reinforcement of automotive and aircraft tires, conveyor belts and general rubber products. Zeroing the duty will allow manufacturers of cord and technical fabrics, as well as chemical and tire manufacturing companies reducing the cost price of finished products and increasing their competitiveness.

In 2016 compared to 2015, the volume of imports of goods under 5402 19 000 0 heading of the CN of FEA EAEU into the Union from far-abroad countries in quantitative terms increased by 1.8 times (from 2.8 thous. t to 4.9 thous. t), in value terms – by 1.7 times (from 9.9 million US dollars to 16.9 million US dollars).

About 85% of total imports are accounted for by the Republic of Belarus. The main supplying countries include China (65% of exports), Slovakia (20%) and Germany (8%).

The EEC Council approved the Regulation on the International Forum “Anticounterfeiting”. The document enshrines the goals and objectives of the Forum, the procedure for arranging and holding, as well as its funding. The main goals of the Forum include development of coordinated approaches and proposals of the Member States on intellectual property rights protection and development of an orderly market of goods and services. Combining the efforts of the government and business representatives, right holders, manufacturers and the public will enhance the effectiveness of the fight against production and distribution of counterfeit goods. The Forum will pay particular attention to the issues related to customs, technical regulation and certification, expanding human capacity, harmonization of the laws of the EAEU Member States in the field of illegal trafficking in industrial products, intellectual property rights protection, the consumer market.

The Forum will be held on September 14-16 in Bishkek (Kyrgyzstan): in accordance with the decision of the Eurasian Intergovernmental Council it is held on the territory of the country, which currently holds the chairmanship in the EAEU.

The EEC Council members also agreed on the venues for the Eurasian Week Forum and Expo in 2018-2020. In 2018, it will be held in Armenia, in 2019 – in Kyrgyzstan, in 2020 – in Belarus.

The Eurasian Week is an annual Forum and Expo that is held by the EAEU countries and the Eurasian Economic Commission. It addresses the most relevant issues of the development of Eurasian integration, estimates global challenges and strategic priorities of the EAEU, forms positions of participants of the integration processes in the key areas of the Union activity.

In 2017, the Forum will be held in Kazakhstan on August 24 to 26 in the framework of the Expo 2017.