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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.

For two years, Belarus, Russia, Kazakhstan, Armenia and Kyrgyzstan have been living in conditions of the Eurasian Economic Union, facing certain challenges and trying to resist them together. At the end of October, another large meeting within the Union will be held in Minsk - a meeting of the Eurasian Intergovernmental Council. On the eve of this important event, BELTA reporter met with the EEC Board Member - Minister in charge of Economics and Financial Policy Timur Suleimenov to find out what the year of 2016 was like, how the EAEU will address issues of parallel imports and establish the rates of customs duties and what measures have been taken to establish the common financial market.​

Law enforcement agencies will protect intellectual property "Business Eurasia” reported that the Eurasian Economic Commission has adopted regulations concerning information exchange between the authorised authorities of the EAEU and the EEC in the field of intellectual property rights protection. The document was developed pursuant to the Agreement on coordination of activities on protection of intellectual property rights dated September 8, 2015. The regulation establishes the procedure for information exchange between the Commission and the authorised authorities of the Member States and operational measures regarding compliance with intellectual property rights in the Member States. "Business Eurasia” contacted Acting Director of the Labour Migration Department Samat Aliyev for explanations about the mechanism of interaction between the Member States of the EAEU and their prompt response. He stated that the functions of EEC include, inter alia, the creation of conditions for the protection of intellectual property rights in the Eurasian Economic Union. As it turned out, the process differs little from the process that already exists in a given State.

The EAEU States are not ready for the creation of a Eurozone clone. It is more important to them to solve practical problems, for example, to allow citizens to open accounts in banks of other EAEU countries.

Timur Suleimenov, the Member of the Board - Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission: "There are no preconditions for introduction of a common currency”

The Eurasian Economic Commission has no illusions regarding the improvement of economic performance of the EAEU Member States in 2016. However, this would not influence the integration processes within the Union, suggests the Minister in charge of Economy and Financial Policy Timur Suleimenov. The appropriateness of introducing a single currency within the EAEU, prospects of its development, and relevant measures that would take into account the economic interests of the Union members in political decision-making in the face of sanctions - Mr. Suleimenov told about it in an interview with RIA News reporter Yulia Kislitsyna.

The project to equalise rates in excise duties in the EAEC countries has been considered since 2013, but due to a number of technical and legal difficulties still has not been approved. Without the alignment of excise duties, it will not be possible to keep the progressive trend in integration processes and complete the formation of a single market of alcohol and tobacco products. As for when the Parties will come to a mutual agreement, we asked Timur Suleimenov, Minister in charge of Economics and Financial Policy of the Eurasian Economic Commission at a meeting, which was organised as part of the XIII Eurasian Media Forum.

Integration itself is not an easy process, and the first stages of the EAEU formation occur in the context of a notable deterioration of the macroeconomic situation. There are plenty of problems. The war of sanctions, lower oil prices, the “parade” of devaluations of national currencies of the Member States of the Union – only these factors nullify many of the efforts made by the partner countries. We decided to talk to the Member of the Board – Minister in charge of Economy and Financial Policy of the EEC, Timur Suleimenov, about the first results of the functioning of the Union.