Opinions & Interviews
Systemic measures to ensure economic stability in Eurasian Economic Union in development
Mikhail Myasnikovich. An archive photo
MOSCOW, 14 April (BelTA) – Measures to ensure economic stability in the Eurasian Economic Union in conditions of the spread of the new coronavirus infection are being worked out. Chairman of the Board of the Eurasian Economic Commission Mikhail Myasnikovich made the relevant statement during a videoconference meeting of members of the Supreme Eurasian Economic Council on 14 April, BelTA has learned.
Mikhail Myasnikovich said: “Systemic measures are being worked out in association with the governments in order to ensure economic stability.”
In his report to the EAEU heads of state Mikhail Myasnikovich noted that the Council of the Eurasian Economic Commission had decided to set zero import customs duties on means of individual protection and medical equipment in order to improve the availability of these goods. A number of conformance evaluation procedures and customs clearance procedures have been waived in order to expedite the import of medical goods onto markets of the Eurasian Economic Union. The Board of the Eurasian Economic Commission has temporarily banned the export of means of individual protection, disinfectants, and medical products from the Eurasian Economic Union. Similar measures have been enacted with regard to food products. “The list has been reconciled with EAEU member states. It can be expanded,” Mikhail Myasnikovich noted.
Mikhail Myasnikovich continued: “We constantly interact with the relevant authorities of the member states to regulate the food trade situation and the sanitary and epidemic clearance of truck drivers during border crossing. The relevant regulatory act was passed at an extraordinary session of the Council of the Eurasian Economic Commission on 25 March. However, I am forced to admit that the regulations are disregarded in a number of cases. We are working with pinpoint precision. Apart from that, information is being exchanged about the measures taken by the countries to regulate trade, logistics, sanitary and epidemiological matters.”
The Eurasian Economic Commission has come up with a complex of joint anticrisis measures, which were authorized by the Eurasian Intergovernmental Council on 10 April. “First, there is a package of urgent temporary measures of stabilizing nature, first of all, in the course of sanitary and epidemic actions,” Mikhail Myasnikovich noted. “A green corridor will be created for importing critical goods. Customs duties will be reduced on components and materials for individual branches of the economy. Uninterrupted operation of transport industry and freight transportation will be secured while certainly observing sanitary and epidemiological requirements.”
The second package of measures is aimed at ensuring macroeconomic stability and stable operation of financial markets and payment systems, at supporting real-sector enterprises, at more active participation of regional financial institutions such as the Eurasian Fund for Stabilization and Development and the Eurasian Development Bank in efforts to support the economy of the Eurasian Economic Union in pandemic conditions.
“Where do we see reserves? In the unconditional fulfillment of the agreements the countries make. It is necessary to minimize restrictions on mutual trade and bolster trust,” concluded the chairman of the Board of the Eurasian Economic Commission.
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