The Prime Minister of Kazakhstan

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Prospects for development of common electrical energy, transport and agricultural of EEU market discussed in Moscow

30 November 2016, 19:17

A meeting of the Board of the Eurasian Economic Commission (EEC) was held under the chairmanship of the Deputy Prime Minister of Kazakhstan Askar Mamin in Moscow.

The agenda included 48 issues related to the further development of the Eurasian Economic Union (EEU).

During the meeting the issues of the international activities of the EEU, the formation of a common electrical energy, the development of transport policy were considered.

The decision to start negotiations on the conclusion of an interim agreement leading to the formation of a free trade area with India, Singapore, South Korea and Egypt was endorsed.

The program of formation of a common energy market of EEU was approved. The total market will create favorable conditions for the free trading of electricity and capacity, as well as access to infrastructure on non-partner countries.

The basic directions and stages of realization of a coordinated transport policy are agreed. The adoption of this document will provide further formation and development of the single transport space market and the common market of transport services within EEU. These issues will be discussed by Heads of State at the meeting of the Supreme Economic Council in Moscow on December 26 this year.

The meeting also adopted a number of decisions in the sphere of technical regulation. Thus, the Technical Regulations of the Eurasian Economic Union "On the requirements for mineral fertilizers" was adopted in order to establish the safety requirements for mineral fertilizers, produced for circulation in the territory of the EEU, as well as the processes of storage, transportation and marking.