Bakhyt Sultanov Discussed EAEU Priorities at the Shanghai Forum
Within the framework of the II Eurasian Financial and Economic Forum, Bakhyt Sultanov, a member of the Board (Minister) for Economy and Financial Policy of the Eurasian Economic Commission, conducted a press conference.
During his interaction with journalists, Bakhyt Sultanov outlined the key priorities of the EAEU countries, which are consistently pursued by the Eurasian Economic Commission. He emphasized the importance of creating advantageous conditions for trade with third countries, unlocking the export potential of the manufacturing sector, engaging businesses in the formulation of regulations, and fostering trade in services among EAEU member states.
The Commission, in collaboration with the member states of the integration association, is actively engaged in the negotiation process to conclude free trade agreements. A non-preferential trade and economic cooperation agreement with China is being implemented, with a joint commission overseeing this matter and facilitating information exchange.
The EEC places significant emphasis on enriching integration with tangible economic substance through the facilitation of cooperation project implementation. The practice of funding such projects across diverse sectors is progressing, with five initiatives already approved for financial support. Currently, deliberations are underway to extend this mechanism for fostering cooperation projects to the agro-industrial complex.
Over the past decade, the Commission has actively utilized and refined tools for involving the business community in the development of balanced regulation. As Bakhyt Sultanov emphasized, the Commission aims to ensure that the assessment of the impact on business conditions covers the entire regulatory cycle within the EAEU, from the formulation of fundamental approaches to the analysis of specific consequences of law enforcement.
The list of service sectors operating under the single service market regime is gradually expanding. This regime allows service providers to offer services to consumers in another EAEU member state without additional registration and based on the mutual recognition of permits.
In conclusion, Bakhyt Sultanov noted the positive impact of integration processes on business climate, cooperation, and the overall development of the economies of EAEU member states. He extended his gratitude to the organizers for the invitation to speak at the Eurasian Financial and Economic Forum, stressing the importance of such events as an effective platform for direct dialogue between authorities and businesses. Bakhyt Sultanov also invited everyone to participate in the Eurasian Economic Forum scheduled for May 28-29 in Astana, Kazakhstan, which serves as the primary platform for discussing various aspects of Eurasian economic integration.