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The EEC Minister Tatyana Valovaya: “The EEC is ready to hold an extended dialogue with the United States and the EU for economic cooperation and multiple interaction matters”

The EEC Minister Tatyana Valovaya: “The EEC is ready to hold an extended dialogue with the United States and the EU for economic cooperation and multiple interaction matters”


Tatyana Valovaya, the Member of the Board – Minister in charge of Integration and Macroeconomic Policy of the Eurasian Economic Commission, met with representatives of foreign businesses. The American Chamber of Commerce in Russia brought together representatives of more than 50 foreign companies and business associations, as well as diplomatic missions, including diplomatic missions of the United States, Finland and Switzerland.

Tatyana Valovaya’s speech was dedicated to the results of the social & economic development of the Eurasian Economic Union (EAEU) Member States in 2015-2016, the activities of the Commission for deepening integration within the EAEU, as well as the international activities of the Union for cooperation with third countries and integration associations. 

Speaking to representatives of the foreign business community, Tatyana Valovaya stressed that the Eurasian Economic Union is a full member of the whole system of international economic relations and seeks constructive cooperation in a multi-optional format. The EEC Minister drew the attention of the meeting participants to the fact that “for the first time in 2016, the EAEU Member States imported from countries of the Asia-Pacific region more than from the countries of the European Union.”

Tatyana Valovaya emphasised the important role of business in addressing issues related to establishing common markets for goods, services, capital and labour. She confirmed the interest of the EEC in conducting a dialogue and taking into account the views of the business community in adopting the Commission’s decisions.

Replying to the question on the development of relations between the EAEU and American and European businesses, the EEC Minister stated: “The Eurasian Economic Commission is ready to hold an extended dialogue both with the United States, and with the European Union, since our activities are related exclusively to economic issues and aimed primarily at strengthening and developing our joint cooperation. American and European business can lobby for the adoption of the relevant decisions by the authorised national authorities. We do not see any obstacles on the part of the Eurasian Economic Commission.”

In addition, representatives of foreign companies received answers to questions related to introduction of a new EAEU Customs Code, the existing system of technical regulation development, development of trade and economic relations with China, as well as the liberalisation of the EAEU medicines and medical products market.

For Reference
The American Chamber of Commerce (ACC) in Russia is one of the leading associations of foreign business in the Russian Federation, established in 1994. The Chamber is a non-governmental, non-profit organisation that represents the interests of approximately 500 companies. The ACC members include the largest American corporations operating in Russia, as well as major European and Russian companies carrying out transactions on the international markets. The ACC promotes an enabling environment for business and investment in Russia and the development of its trade and economic relations with the international business community. The ACC maintains an ongoing dialogue with businesses and governmental agencies in the United States.