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Tuesday, September 19, 2017

Belarusian industrialists push for single energy market in EEU

Industrialists in Belarus recently told the country's House of Representatives that they support a single energy market in the Eurasian Economic Union (EEU), according to Dmitry Kharitonchik, the chairman of the permanent commission for industry, fuel and energy complex, transport and communications.

“The EEU Treaty brings more pluses than minuses," Kharitonchik said. "But we would like the pluses to be more. For example, industrialists would like to see a single energy market, which would significantly reduce production costs.”

Agreements have been signed for the free movement of goods and to establish one customs space in the EEU. Documents related to phyto-sanitary standards have been signed that allow manufacturers in Belarus to promote their items in the EEU and foreign markets.

"Our partners have big economic opportunities to support their producers, and this, of course, causes some concern," Kharitonchik said. "If they start applying special stimulating measures, this can have a negative effect on our industry.”

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Belarus Government - Business News

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