The EAEU to continue its progressive development

Moldova has received an invitation to attend the summit of the Eurasian Economic Union (EAEU) as an observer. The summit was also attended by the leader of Iran and the Prime Minister of Singapore. The parties agreed to remove administrative barriers and fight bureaucracy. In order to do this, they are planning to use digital technologies. In addition, member states approved the Concept for the formation of the EEU common financial market," RISS expert Konstantin Tasits said.

The analyst explained that the EEU countries intended to create common rules for issuing loans and insurance policies. In addition to the FTA agreement with Iran, which is due to enter into force in October, a similar agreement was signed with Singapore. This document will allow the EAEU members to gain access to the market of South Asian countries. In addition, it will help countries to share their experience with each other, as Singapore is the country with the most favorable investment climate.

"The results of the meeting of the SEEC demonstrated that the EAEU is an important association, which is actively working to deepen the integration and development of the economies of the participating countries. According to the summit participants, a lot of countries were negotiating on various forms of cooperation," the analyst concluded.

EAEU economics