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Meeting of Eurasian Intergovernmental Council ends in Yerevan: Results

The meeting of the Eurasian Intergovernmental Council ended in Yerevan. Several decisions have been made.

The Intergovernmental Council approved the rules for information exchange on the common electricity market of the Eurasian Economic Union. This is the final document in the set of rules for the functioning of the common electricity market, the adoption of which is provided for by the Treaty on the EAEU.

An order to harmonize the legislation of the countries of the Eurasian «Five» in the field of civil aviation was approved. By January 1, 2025, the governments of the EAEU countries will organize work to harmonize the legislation of the member states in accordance with the norms and principles of the International Civil Aviation Organization (ICAO) in the field of airworthiness of aircraft.

The Intergovernmental Council approved a roadmap for the implementation of the main directions and stages of the coordinated (agreed) transport policy of the member states of the Eurasian Economic Union for 2024-2026.

The Heads of Government of the EAEU countries signed a concept for the formation of a common commodity exchange market.

A report on the transfer and distribution of import customs duties between the budgets of the countries of the Eurasian Economic Union in 2023 was reviewed. According to the document, import duties in the budgets of member states increased by 46.8 percent compared to 2022, reaching a record $14.8 billion. The amount of duties collected and distributed in 2023 is the highest since 2015.

A medium-term strategic document was approved — the main directions of industrial cooperation within the EAEU until 2030. New medium-term guidelines for industrial cooperation are in line with the trends in industrial development in the union.

Joint forecasts for the development of the agro-industrial complex, balances of supply and demand of member states for agricultural products, food, flax fiber, leather raw materials, cotton fiber and wool for 2024-2025 were also approved.

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