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The chairman of the EEU’s Eurasian Economic Commission talks about the trade bloc’s past, present, and future.

Medicines is the first group of specific goods, with which the EAEU countries started to work closely by the beginning of the functioning of the common market. Using this experience, the EAEU will form other common markets - for finances, energy, oil and gas, and so on. The BELTA journalist discussed with the EEC Board Member - Minister in charge of technical regulation Valery Koreshkov, what stages are yet to be covered and how the common market of medicines will work.​

I believe there is huge potential for the economic growth in Eurasia, which has not yet been explored. And I think that the main tool that could greatly stimulate the economic growth in our countries may be this supranational institution which has been created. Because our main mission is to be able to summarize the best practices that have been accumulated in the countries, and basing on them, international experience, experience of the European Union we will have to introduce these new supranational institutions, which will stimulate the economic growth in our countries. The axiomatics which lie at the heart of our Treaty on the Union is as follows: If we create the common economic space, we will remove barriers, exemptions and restrictions, create conditions for the free movement of goods, services, capital, and labor, which alone will ensure great potential for the economic growth.

In just a few days Kazakhstan will celebrate the main national holiday of the Republic, the Kazakhstan’s Independence Day. On this day in 1991, the Supreme Council of the country adopted a law on the Republic’s independence and state sovereignty of Kazakhstan.

Russia, together with the other countries of the Eurasian Economic Union (EAEU), suggested more than 40 collaborative projects in the area of transport, claiming the co-financing of China. They should establish end-to-end logistics among China, the EU and the Eurasian Union and along related routes supplementing the main transport corridors of Eurasia (Western Europe - Western China, North - South, East - West, and the Northern sea route).

The Eurasian Economic Union became operational in 2015 and now comprises five countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. While Eurasian integration primarily focused on trade cooperation at its inception 20 years ago, since then the agenda has gradually expanded. Rapid information technology development provided the Union with new challenges. It soon became clear there was a need to regulate online trade, collaborate on legislation in the field of the Internet of Things, develop e-government communication systems, and create a venture funding market and jointly develop innovations in general. Therefore, this year a new area of activity was established in the Eurasian Economic Commission, the regulatory body of the EAEU. One of its main objectives is to build a common digital space and develop digital technologies. Karine Minasyan, Member of the Board - Minister in charge of Internal Markets, Information Support, Information and Communication Technologies of the EEC gave an interview to TASS New Agency on what is being done in this area at the Eurasian Week Forum and Expo in the run-up to the first anniversary of the establishment of the new direction of integration cooperation.​

Member of the Board - Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission (EEC) Adamkul Zhunusov answered questions of "RUSARMINFO" at the Eurasian Week Forum and Expo and appraised Armenia’s level of integration in the common energy market of the Eurasian Union (EAEU).​

In Moscow, the Board of the Ministry of Industry of Belarus and the Ministry of Industry and Trade of the Russian Federation held a joint session to discuss the development of the machine tool industry. The Adviser to the Minister in charge of Industry and the Agroindustrial Complex of the EECspoke about the outcomes of the session.​

The Eurasian Economic Union has a new instrument to develop interstate cooperation - Eurasian technology platforms.​

Goods manufactured in the countries of the Eurasian Economic Union, will soon bear the label: “Made in the EAEU”. The Eurasian Economic Commission (EEC) has started defining the criteria for "Eurasian goods".