Putin: Special attention needs to be paid to work on removing barriers to trade in goods and services

Yerevan, Oct.1, 2019. /Kabar/. At the meeting of the Supreme Eurasian Economic Council in Yerevan, Russian President Vladimir Putin noted there is need to pay special attention to the systematic work to remove barriers in trade in goods and services in various sectors of the market.

“I agree with the positive assessment of the work of the Eurasian Economic Union. The EAEU is developing progressively. A voluminous common market has been created and is functioning successfully. Integration processes within the EAEU have the most favourable impact on the growth of the economies of its member states, it contributes to improving the living standards of our citizens,” he said.

The Russian President noted the total GDP of the EAEU countries continues to grow. Industrial and agricultural production is increasing. At the same time, the Association is facing new large-scale tasks.

“At the same time, we believe that special attention should be paid to systemic work to remove barriers to trade in goods and services, and in various sectors of the market,” he said.

“The introduction of all-union regulation in finances is also a priority. Following the current meeting we are expecting to approve the concept for the formation of the EAEU’s common financial market.

This document will become a roadmap for drafting and approving universal rules for banking and insurance services and transactions with securities. The implementation of measures envisaged by the roadmap will make it easier for people to use financial instruments and will make this segment of the market uniform and transparent,” Putin said.