Eurasian Economic Union Treaty to create simple and clear terms for doing cross-border business

The Eurasian Economic Union Treaty is aimed at creating simple and clear terms for doing cross-border business, member of the Board of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Timur Suleimenov said at the 4th investment forum Baikonur in Qyzylorda, Kazakhstan, the EEC press service reports.

The member states of the Customs Union and the Single Economic Space (SES) have been demonstrating sustainable development. According to the EEU, in 2013 the FDI influx in the Customs Union and the SES from the Troika member states showed a 13.5% growth in comparison with the previous year. Important factors in the investment cooperation in the Customs Union and the SES were integration processes in the Customs Union, removal of barriers in mutual trade and creation of conditions for business cooperation. According to Timur Suleimenov, the member states of the Customs Union and the Single Economic Space have been actively cooperating in the oil and gas, power, banking sectors, nuclear, metallurgical, chemical, and other industries. The countries set up joint companies in these areas and seek ways to jointly enter the markets of third countries.