Interfax Russia reported that the prime ministers of the Eurasian Economic Union countries have identified rules for the operation of the single market for sensitive types of products, stipulating their free circulation in mutual trade as part of approved indicative balances at a Eurasian Intergovernmental Council meeting on 20 June 2022. Eurasian Economic Commission Trade Minister Mr Andrei Slepnev said “The list includes wheat and meslin, barley, corn, sunflower seeds, sugar, sunflower oil, recyclable paper or cardboard, as well as waste and scrap ferrous metals. When exporting these products to other countries, the parties will not allow evading export regulation measures imposed by one or more countries, including by taking unilateral and unified export regulation measures within the Union.” The Eurasian Intergovernmental Council's directive will take effect on the day of its official publication and will be valid until 30 September 2024. EAEU countries will monitor compliance with export restrictions imposed by the EAEU participants regarding these goods. The EEC Council jointly with the governments of the EAEU countries is tasked with organizing the elaboration of balances for the goods from the list. The Eurasian Economic Union was created in part in response to the economic and political influence of the European Union and other Western trade agreements. Member states of the EAEU include Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The key objectives of the organization are to increase cooperation and economic competitiveness for the member states, and the promotion of stable development in order to raise the standard of living in member states.
Interfax Russia reported that the prime ministers of the Eurasian Economic Union countries have identified rules for the operation of the single market for sensitive types of products, stipulating their free circulation in mutual trade as part of approved indicative balances at a Eurasian Intergovernmental Council meeting on 20 June 2022. Eurasian Economic Commission Trade Minister Mr Andrei Slepnev said “The list includes wheat and meslin, barley, corn, sunflower seeds, sugar, sunflower oil, recyclable paper or cardboard, as well as waste and scrap ferrous metals. When exporting these products to other countries, the parties will not allow evading export regulation measures imposed by one or more countries, including by taking unilateral and unified export regulation measures within the Union.” The Eurasian Intergovernmental Council's directive will take effect on the day of its official publication and will be valid until 30 September 2024. EAEU countries will monitor compliance with export restrictions imposed by the EAEU participants regarding these goods. The EEC Council jointly with the governments of the EAEU countries is tasked with organizing the elaboration of balances for the goods from the list. The Eurasian Economic Union was created in part in response to the economic and political influence of the European Union and other Western trade agreements. Member states of the EAEU include Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. The key objectives of the organization are to increase cooperation and economic competitiveness for the member states, and the promotion of stable development in order to raise the standard of living in member states.
