The Eurasian Economic Union (EAEU) utilizes its opportunities at only 20–30%. This was stated by Danil Ibraev, a member of the EAEU Business Council Presidium and President of the Kyrgyz Union of Industrialists and Entrepreneurs.

Issues with unified markets and certification

According to the business community representative, the implementation deadlines for many plans originally intended for completion by 2025 have shifted to the period up to 2030. In particular, full-fledged unified markets for gas, oil, and petroleum products have not yet been formed, and the transport services market remains incomplete.

One of the key problems is the issue of trust in documents. Difficulties arise with technical regulations and certificates entered into the EAEU unified register. Mistrust is emerging, although, according to Ibraev, such a concept should not exist.

Union efficiency indicators

20-30%utilized EAEU potential
2030new implementation deadline

The presence of exemptions for various product categories was also noted. Additional inspections are conducted during product re-export. This is linked to assumptions that Kyrgyz representatives may not have ensured proper inspection of goods.

The EAEU is built on mutual trust. All external customs posts are established according to the requirements of all member states of the union, and goods imported into one of the EAEU countries are goods in free circulation in all five states.
Danil Ibraev

Context

The Eurasian Economic Union (EAEU) is an international organization created for economic integration among five states. The association's headquarters is located in Moscow.