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Ministry of economic development of the Russian Federation

Timur Zhaksylykov: "EEC seeks a comprehensive and diversified cooperation with the European Commission"


The meeting of the round table on "Common Economic Space from Lisbon to Vladivostok" considered opportunities for developing cooperation between the EAEU and the EU. The event was held at the EEC venue with the participation of Timur Zhaksylykov, Member of the Board — EEC Minister in charge of Economy and Financial Policy, representatives of the European Commission and business community from the EAEU and the European Union countries.

The EEC Minister Timur Zhaksylykov has mentioned a high interest in intensifying the dialogue with the EU, which is a key trade, investment, and technological partner of the EAEU. Today, the European Union "accounts for almost a half of international trade flows. The EEC seeks a comprehensive and diversified cooperation with the European Commission, especially in such areas as technical regulation, veterinary and phytosanitary rules and procedures, and customs administration. The sides have already begun certain interaction in these areas," the EEC Minister told.

In his opinion, however, the level of EAEU-EU interaction is still at its initial development stage. At the same time, he expressed gratitude to the Lisbon-Vladivostok Initiative for their efforts to structure and enhance the dialogue in the common Eurasian space. "This initiative makes an important contribution to laying the groundwork for developing interaction in the format of EAEU-EU dialogue," Timur Zhaksylykov believes.

In turn, Ulf Schneider, Chairman of the Board of the Lisbon-Vladivostok Initiative, pointed out its high significance and noted that the round table attendees were greatly interested in the event. They included representatives of various associations and companies from seven EU countries, which testifies to the relevance of cooperation with the EAEU.

According to Johan Vanderplaetse, President of the Association of European Businesses (AEB) in Russia, Europeans today pay close attention to the processes taking place in the Eurasian Economic Union — one of the largest "real projects" with a high level of synergy between countries. It is especially noticeable in terms of development level of the common labor market and various legal practices.​

Source: EEC

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