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May 30, 2022
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On the meeting of the Presidium of the EAEU Business Council

On May 26, 2022, within the framework of the First Eurasian Economic Forum in Bishkek, the twentieth meeting of the Presidium of the EAEU Business Council was held – a permanent coordinating and advisory body of business circles established on December 15, 2010, which includes the Union of Industrialists and Entrepreneurs (Employers) of the Republic of Armenia, the Union of Non-Profit Organizations “Confederation of Industrialists and Entrepreneurs (Employers)” of the Republic of Belarus, National Chamber of Entrepreneurs of the Republic of Kazakhstan “Atameken”, Kyrgyz Union of Industrialists and Entrepreneurs and All-Russian Public Organization “Russian Union of Industrialists and Entrepreneurs”.

The Council develops a coordinated position of the business community of the EAEU states in interaction with the bodies of the Union, establishes direct ties and dialogue between the business circles of the Union countries, promotes the development of trade and economic relations, industrial and financial cooperation, increase the competitiveness of national economies, identify barriers, exemptions and restrictions on mutual access to the markets of the integration association. May 24, 2016 in Astana was signed Memorandum of Cooperation between the Eurasian Economic Commission and the Business Council of the Eurasian Economic Union. This document confirms the importance of taking into account the interests of the business communities of the Union countries to ensure its effective development. The expediency of forming a consolidated position of business communities on issues affecting the implementation of entrepreneurial activities in the Union is recognized. Among the main areas of interaction between the Commission and the EAEU Business Council is the consideration of the proposals of the Business Council aimed at forming the regulatory legal framework of the Union and holding business circles forums with the participation of business communities of the Member States. The EAEU Business Council has the opportunity to present its vision of the issues of the EEC Board.

At the meeting of the Presidium of the EAEU Business Council in Bishkek on May 26, 2022, the strategic directions for the development of Eurasian economic integration in the new international environment and the role of the business community in their implementation were discussed. The draft recommendations of the EEC Board on improving the conditions for the operation of joint ventures in the EAEU member states were considered.

The meeting was attended by the President of the RSPP Alexander ShokhinDirector of the National Investment Agency under the President of Kyrgyzstan Ravshan SabirovChairman of the Presidium of NCE “Atameken” Raimbek BatalovPresident of the National Congress of Industrialists and Entrepreneurs of Moldova Vasily TarlevIranian Ambassador to Kyrgyzstan Said Kharrazi and others. The meeting was moderated by the President of the Kyrgyz Union of Industrialists and Entrepreneurs, President and Chairman of the Presidium of the EAEU Business Council Danil Ibraev.

Opening the meeting of the Presidium of the Business Council, D. Ibraev noted the importance of business cooperation between countries within the framework of the EAEU. “At the beginning of the year, the Supreme Council of the EEC identified about a dozen areas for the development of the entire EEC. Among them are the development of trade, overcoming all barriers, the realization of all the freedoms that are spelled out in the Treaty on the Eurasian Economic Union, infrastructure, cooperation and industrial issues. The Eurasian Economic Union is open to cooperation with different countries, we have no restrictions depending on political factors. We look at the world based on the economic opportunities of the business community, we are open to interaction on mutually beneficial terms.”

In turn, the President of the RSPP Alexander Shokhin noted that the promotion of integration processes requires fundamental strategic goal-setting, supported by the implementation of adaptive and consistent steps and the solution of urgent problems of joint development… In December 2020, the Supreme Eurasian Economic Council approved the Strategic Directions for the Development of Eurasian Economic Integration for the period up to 2025, and many points of the Strategy directly addressed to the business community. In particular, we are talking about improving the business and investment climate, taking into account the best international and national practices.

One of the most important issues of interaction between the EAEU member states, Alexander Shokhin, called the work on the creation of an independent arbitration to consider disputes. “Currently, the EEC is working on the creation within the framework of the Union of international arbitration for the consideration of disputes. The dispute resolution bodies of the World Trade Organization have long been blocked by the American side, and trade disputes are not considered because of this. Today we are looking for alternative dispute resolution mechanisms. For obvious reasons, we cannot now apply to the Stockholm Arbitration, to the Arbitration of the Chamber of Commerce, but we need dispute resolution mechanisms. Therefore, we initiated the creation of independent arbitration centers,” said Alexander Shokhin. In his opinion, a number of provisions of the Strategy need to be updated and clarified, taking into account the latest changes in the international arena and new challenges to the development of the EAEU. In particular, the RSPP proposes to instruct the working bodies and parties of the EAEU Business Council to conduct a survey and prepare proposals from the Eurasian business regarding key tasks and challenges to be reflected in the Strategy. The proposals finalized within the framework of the working group are planned to be submitted for consideration by the Advisory Council for Interaction of the EEC and the EAEU Business Council.

“It is very important to involve in our work observers, representatives of countries that are not members of the EEC, intensifying work on the implementation of the Strategy. The development of cooperation with third countries and partners from among the leading international organizations is among the priorities of the international activities of the EAEU,” summed up Alexander Shokhin.

The meeting of the Presidium of the EAEU Business Council ended with the signing of two memorandums of cooperation between the EAEU Business Council – with the International Congress of Industrialists and Entrepreneurs (ICIE) and the Congress of Industrialists and Entrepreneurs of Moldova. Besides, Alexander Shokhin I Danil Ibraev signed a memorandum on the development of a roadmap to promote trade, economic and investment cooperation between the business communities of the Russian Federation and the Kyrgyz Republic.

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