On September 30, during a briefing at the Eurasian Economic Forum in Yerevan, Maxim Yermalovich, Member of the Board (Minister) for Competition and Antitrust Regulation at the EEC, shared plans for creating a common exchange market within the EAEU.
According to Yermalovich, the concept for the common exchange market will be discussed at the upcoming meeting of the Eurasian Intergovernmental Council. The minister expressed hope that the heads of the member states' governments will approve the concept.
The concept outlines four stages for the formation of the common exchange market, which is expected to be completed in a relatively short timeframe. "We hope that by 2030, the common exchange market will already be operational," Yermalovich stated.
The minister noted that after the concept's approval, a detailed action plan will be developed. A draft of this program already exists and is awaiting implementation.
Yermalovich emphasized that the exchanges in the EAEU member states are not waiting for official decisions and are actively working on creating an ecosystem for cooperation. To illustrate this, he mentioned a five-party agreement signed at the St. Petersburg Economic Forum, involving EAEU countries and observer nations.
"The exchanges are organizing themselves and starting to collaborate to create pricing indicators, which is very important for the common market," the minister noted. This collaboration is crucial not only for fiscal authorities but also for monitoring the state of the unified markets for standardized goods.
Yermalovich stressed that the process is progressing in parallel, both at the EEC level, where standardized rules for the common exchange market are being developed, and at the level of cooperation between the exchanges themselves.
