Full removal of trade and investment barriers in EEU would result in Belarus’ economy growth by 3% per year – vice premier
<p> MINSK, Jan 5 - PrimePress. The full elimination of non-tariff barriers in mutual trade in goods and services and in mutual investment in the Eurasian Economic Union (EEU) can result in Belarusian economy growth by 3% per year, says Deputy Prime Minister of Belarus Igor Petrishenko. </p> <p> </p> <p> “Regretfully, despite all efforts, the removal of barriers, exemptions and restrictions remains one of the most pressing issues in the Union, due to their number and the complexity of their elimination. There were 59 barriers on the register–11 barriers, 35 restrictions and 13 exemptions–to compare with 17 barriers in the 2018-2019 elimination roadmap as of late December 2020. In December 2020, the parties only recognized six eliminated barriers with some reservations on one of them. The rest 11 are on the 2021-2022 to-do list,” Petrishenko told Respublika daily. </p> <p> </p> <p> According to the official, it is not yet possible to delegate the elimination of barriers to the Eurasian Economic Commission (EEC) Board. “National interests remain the main obstacle to economic integration in the EEU. Neither member state is committed to put common interests above their own so far. Disputes over tariffs, duties and technical regulations continue, and each state stands fast,” he said. </p> <p> </p> <p> The Eurasian Economic Union has been functioning since January 1, 2015. It unites Armenia, Belarus, Kazakhstan and Kyrgyzstan and Russia. End </p>
2021-01-06
Primepress
MINSK, Jan 5 - PrimePress. The full elimination of non-tariff barriers in mutual trade in goods and services and in mutual investment in the Eurasian Economic Union (EEU) can result in Belarusian economy growth by 3% per year, says Deputy Prime Minister of Belarus Igor Petrishenko.
“Regretfully, despite all efforts, the removal of barriers, exemptions and restrictions remains one of the most pressing issues in the Union, due to their number and the complexity of their elimination. There were 59 barriers on the register–11 barriers, 35 restrictions and 13 exemptions–to compare with 17 barriers in the 2018-2019 elimination roadmap as of late December 2020. In December 2020, the parties only recognized six eliminated barriers with some reservations on one of them. The rest 11 are on the 2021-2022 to-do list,” Petrishenko told Respublika daily.
According to the official, it is not yet possible to delegate the elimination of barriers to the Eurasian Economic Commission (EEC) Board. “National interests remain the main obstacle to economic integration in the EEU. Neither member state is committed to put common interests above their own so far. Disputes over tariffs, duties and technical regulations continue, and each state stands fast,” he said.
The Eurasian Economic Union has been functioning since January 1, 2015. It unites Armenia, Belarus, Kazakhstan and Kyrgyzstan and Russia. End