EurAsEC Court Due in 2012, Customs Union Commission Mandate Clarified

Sep 23. MFA

EurAsEC Court Due in 2012, Customs Union Commission Mandate ClarifiedToday, on September 23 Almaty hosted the 51st session of the CIS Economic Council, the 55th meeting of the EurAsEC Integration Committee and the 31st session of the Commission of the Customs Union. First Deputy Prime Minister of Kazakhstan Omirzak Shokeyev led the Kazakh delegation. The meetings’ participants discussed the most pressing issues and prospects for cooperation between member states of CIS. EurAsEC and Customs Union, namely the improvement of supranational bodies’ activities, including the management of work of the Customs Union Commission, the establishment and organizing the activities of the EurAsEC Court, setting up of the Common Economic Space, and shaping of coherent wages policy of EurAsEC member states.

Within the session of EurAsEC’s Committee for Integration the delegations have agreed upon arrangement issues concerning the forthcoming establishment of the Court of EurAsEC.

“We have discussed such key issues like documents required for launching the Court on 1 January 2012… All the necessary decisions have been made here. We also agreed that we would introduce those documents for signing by our country’s prime ministers soon”, Russia’s First Deputy Prime Minister Igor Shuvalov commented.

Candidates have already been put forward to work as the Court’s judges. They must be approved by the heads of member states.

It is expected that companies, along with governments, can go to the Court of EurAsEC for resolving their conflicts within the Community’s area of responsibility.

Following the meeting the heads of delegations briefed the media on the amendments offered to be introduced into an agreement on the CUC. According to Shuvalov, under the very document starting from January 2012 the list of competency, which pass to the supranational level, will significantly be expanded.

Shuvalov explained that these amendments to the agreement are currently being prepared. In accordance with the changes a score of authorities will be devolved on the Customs Union Commission, namely “control over the subsidies to industry, agriculture, which is anti-monopoly regulation, as well as control of tariffs in natural monopoly which is a technical regulation. All these measures in fact are huge reservoirs of our common economic life”.

Shokeyev added that in line with 17 agreements signed so far, the Customs Union member states are expected to delegate up to 100 regulatory functions under the Commission’s mandate.

The Kazakh official also noted that signing the agreement on the CIS countries free trade topped today’s discussion. The document itself, according to him, is based on the principles of the WTO and the principles of international trade. However, there are some countries which refrain from signing it as they believe that these principles would impair their trading regime.

“It would be great if we could sign the document by the 20th anniversary of the CIS. It is no easy to reconcile the interests, but we are so close to this goal. There are some certain positions of Azerbaijan, Turkmenistan and Uzbekistan. We agreed to hold another round of negotiations by the mid-October and attempt to remove all the contradictions”, Shokeyev said.

Speaking of the activities of the Customs Union Commission (CUC) at the meeting of the heads of delegations of Customs Union member states with Kazakh Prime Minister Karim Massimov in Almaty, the Commission’s Secretary General Sergei Glazyev stressed: “We have implemented the whole plan of action approved by the Presidents back in 2007. As a result we reached the growth of mutual trade by 40% in the first half of year in comparison with last year’s same period”.

http://portal.mfa.kz/portal/page/portal/mfa/en/content/news/ASTANA%20CALLING%2020111/2011-09-23

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