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Ministry of economic development of the Russian Federation

EEC Minister Gegham Vardanyan: "Road map activities to remove obstacles in the EAEU internal market have been implemented by 63%"

08.07.2020

At the EEC Board’s meeting, Gegham Vardanyan, EEC Minister in charge of Internal Markets, Informatization, Information and Communication Technologies, has presented a report on the results of monitoring the implementation of the road map on removing exceptions and restrictions in the EAEU internal market for 2018-2019. The document was previously approved by the Eurasian Intergovernmental Council.

The road map progress status was shown during the presentation. The document is aimed at removing 17 obstacles: two exceptions and 15 restrictions.

According to the Minister, the road map activities have been implemented by 63% of target indicators. Therefore, 22 out of 35 activities have been completed. This led to removing 6 obstacles. The EEC will continue working jointly with the Member States on the remaining 11 obstacles.

"According to our estimates, removing only certain obstacles included in the road map would reduce transaction costs for businesses by about $100-120 mln. In general, the cumulative positive effect from removing the obstacles included in the road map varies from 1.5 to 2% of the mutual trade volume," Gegham Vardanyan reported.​

Source: EEC



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