The institutional basis for development of economic relations between the EAEU and Asian partners being actively built
Over a very short period of time, the EAEU proved to be the first well-balanced integrative economic association on the territory of the former Soviet states, demonstrated its high efficiency in the negotiation process. The agreements concluded this year as well as previously, show that the work is really being done — Dmitry Mezentsev, Chairman of the Federation Council Committee on Economic Policy.
This May we signed an agreement between the EAEU and China. It is not preferential, it does not concern the reduction of customs duties, but, for the first time in history, it creates a common interface between our union and China for resolving the most sensitive business issues: simplifying trade procedures and lowering non-tariff barriers — Veronika Nikishina, Member of the Board (Minister in charge of Trade) of the Eurasian Economic Commission. .
A tool that will allow investors to make strategic decisions on a predictable basis are sectoral dialogues in specific sectors of the economy with access to implementation of joint projects. An important thing here is that these are not bilateral Russia–China projects, but these are multilateral projects involving three or more countries. On 27 September, as part of the 10th meeting of the Presidium of the Business Council, the Russian metallurgical industry will be ready to present its vision of sectoral cooperation with China. For us, this is a very important response from the business that our agreement was actually needed — Veronika Nikishina, Member of the Board (Minister in charge of Trade) of the Eurasian Economic Commission. .
We are witnessing a significant intensification of negotiations with Asian partners in general and with Chinese partners in particular — Alexey Chekunkov, Chief Executive Officer, Far East and Baikal Region Development Fund.