YEREVAN, September 30 /ARKA/. The common exchange market of the Eurasian Economic Union will begin to function by 2032, said Maxim Yermolovich, member of the board (Minister) for Competition and Antimonopoly Regulation of the Eurasian Economic Commission (EEC).
“The draft concept of a common exchange market will be considered at a meeting of the Eurasian Intergovernmental Council tomorrow. We hope that this concept will be approved by heads of government,” he said on Monday on the sidelines of the Third Eurasian Economic Forum in Yerevan.
According to Yermolovich, the concept envisages four stages of the formation of a common exchange market in a fairly short period, after which a program will be developed in which detailed measures will be defined.
“The draft program already exists, and all that remains is its implementation in practice,” he said.
In this regard, the minister explained that the exchanges are not waiting for decisions, but are actively working to create an eco-environment for interaction, which is supported by specific agreements.
“A five-party agreement was signed at the Saint Petersburg Economic Forum, which included both the countries of the Eurasian Economic Commission and observer countries. That is, the exchanges themselves are organizing themselves, starting to interact in order to form price indicators, which is very important for the common market,” said Yermolovich, emphasizing that the formation of a common exchange space will be based on the agreements reached between the exchanges. -0-
