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27 November 2020, 17:21

Call on EAEU states to exchange legislative plans

Photo courtesy of the press service of the secretariat of the CIS IPA Council
Photo courtesy of the press service of the secretariat of the CIS IPA Council

MOSCOW, 27 November (BelTA) - Chairman of the Eurasian Economic Commission Mikhail Myasnikovich proposed to the parliaments of the Eurasian Economic Union countries to exchange legislative plans to ensure a greater harmonization of the laws of the EAEU member states as he addressed a meeting of the Council of the CIS Inter-Parliamentary Assembly, BelTA learned from the press service of the Eurasian Economic Commission (EEC).

Mikhail Myasnikovich stressed that legislative support is essential for harnessing the benefits of integration. "We need a greater harmonization of the laws of the EAEU states," he said. “A good example is the work of the CIS Inter-Parliamentary Assembly, which drafts model laws based on balanced approaches. Therefore, I suggest that the EAEU countries exchange the legislative plans and the concepts of the bills before they take the first reading."

The chairman of the EEC Board drew attention to the law enforcement practices in the countries of the union, highlighted some of the results in 2015-2019, and described the situation in 2020. “This year was a serious test of strength for the EAEU,” he said. “Although the GDP has slightly declined (3.2% in January-September 2020), we managed to preserve and develop the industrial core. In January-September of 2020, the EAEU manufacturing industry did not shrink, and, for example, Kazakhstan even posted growth (3.3%)."

According to Mikhail Myasnikovich, this year the EEC has focused its efforts both on the anti-crisis measures and on strategic development objectives. The first cooperation project in space has been approved, a draft map of industrialization has been drawn up with applications totaling almost $200 billion. Work on the agricultural industry development map has begun. Work is also in progress on a system of accounting in production and circulation of agricultural products to monitor the food security in the EAEU. “This is the novelty of the EEC's work - the transition from the stage of formation to the stage of project integration,” he said. "The emphasis is made on investment cooperation and complementary specialization in the real economy sector. We believe that our union has good prospects in knowledge-intensive industries and sectors with the full economic cycle,” Mikhail Myasnikovich noted.

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