Latest news with #EAEU
Russia Today
3 days ago
- Business
- Russia Today
Eurasian Economic Union will never bully its members
Fair and equitable treatment of all members is the cornerstone of the Eurasian Economic Union (EAEU), Russian Deputy Foreign Minister Aleksandr Pankin has said. The bloc, which currently includes Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan, was founded in 2014. Speaking to the Eurasian Dialogue podcast on Thursday, Pankin said the EAEU remains focused on raising living standards and fostering business ties. 'Conflicts are being resolved through genuinely equal dialogue. The EAEU operates on the principle of consensus, meaning that members reach compromises which reflect and serve the interests of all parties. No one benefits at the expense of another,' the diplomat said. 'Nobody is being forced to stay. Everyone understands that within the EAEU, the interests of nations with smaller economies are taken into account more than they would be in any other framework,' he added. 'The EAEU is neither a burden nor a shackle – this is evident from the fact that all members are fully free to trade with other regions. No one is required to limit themselves to autarkic trade within the bloc or to invest only inside it. We do not operate a planned economy with quotas and regional specializations like in the Soviet era. Instead, all members compete with one another in a shared common market,' Pankin explained. According to the Russian Foreign Ministry, the combined GDP of all EAEU members has reached $2.6 trillion over the past decade. The organization has trade agreements with Serbia, Vietnam, and Iran, and is currently negotiating with Mongolia and the UAE. In an interview published by Rossiyskaya Gazeta on Wednesday, Russian Deputy Prime Minister Aleksey Overchuk said that more countries are likely to see the EAEU as 'a safe haven' amid trade wars and rising international tensions.
Russia Today
3 days ago
- Business
- Russia Today
Major Russian сity to ban migrants from driving cabs
St Petersburg plans to ban foreign workers from driving taxis as well as from courier jobs through the end of 2025, according to a proposal that was published on the city administration's website on Wednesday. The measure would specifically target foreign nationals working under 'labor patents', a type of work authorization required for citizens of countries outside the Eurasian Economic Union (EAEU), such as Uzbekistan or Tajikistan. Citizens of EAEU members Armenia, Belarus, Kazakhstan, and Kyrgyzstan would be exempt. The proposed ban would apply to taxi and rental car drivers, as well as couriers and food deliverers. The decree is slated to take effect in July, and businesses will have three months to comply. The move follows several measures taken by the Russian Interior Ministry in April, including raids in which 2,400 electric bicycles were seized and over 1,200 foreign citizens were detained for working illegally. The city's Labor and Employment Committee is also expected to recommend extending the restrictions into 2026. If adopted, the new rules would require delivery firms to keep a register of deliveries and equip all couriers with geolocation devices. Those using vehicles would be limited to a maximum speed of 15 km/h, and 'movement zones' would be established. The deliverers and their equipment would be required to carry a single identification number, with appearance standards set by the city's transport committee. In February, State Duma Deputy Mikhail Romanov raised concerns about couriers, citing repeated traffic violations on narrow sidewalks. However, the policy's rollout came as a surprise to many among the city's lawmakers and industry. According to Legislative Assembly deputy Alexey Tsivilev, quoted by Fontanka, a working group of lawmakers and delivery firms had been meeting regularly to draft rules on training, uniforms and traffic conduct, but the proposed ban had not been discussed. Tsivilev estimates that about 25,000 people are employed in the city's taxi sector, and that up to 70% are foreign-born. He believes as many as 15,000 people work as couriers, around half of whom are migrants. Other Russian regions have introduced similar restrictions. In the Nizhny Novgorod region, migrants with labor patents are barred from working in courier and food service roles as well as in medicine. The Yamal region prohibits migrant labor in the transport sector. From September 1, the Krasnoyarsk region will expand the ban to include timber processing, catering, education, and jobs in hairdressing and beauty salons. St Petersburg Vice Governor Igor Potapenko said in March that the number of registered migrants in the city had dropped by 60% in 2024 to about 210,000 people. He attributed the decline to increased oversight by law enforcement.
Al Etihad
08-05-2025
- Business
- Al Etihad
Thani Al Zeyoudi attends inauguration of 'International Exhibition Centre' in Minsk
8 May 2025 17:49 MINSK (WAM) Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, accompanied by Ibrahim Salem Al Musharrakh, UAE Ambassador to Belarus, attended the inauguration of the International Exhibition Centre in Minsk, which was inaugurated by Alexander Lukashenko, President of the Republic of Al Zeyoudi, conveyed the greetings of the UAE's leadership to Belarusian President Alexander Lukashenko, wishing his government and nation further prosperity and Zeyoudi also engaged in productive discussions about non-oil trade and investment flows with Prime Minister Alexander Turchin and Minister of Foreign Affairs Maksim visit highlights the growing economic partnership between the United Arab Emirates and Belarus, which has witnessed significant growth in recent talks with Prime Minister Turchin, Al Zeyoudi highlighted the significant growth of non-oil trade between the UAE and Belarus, which surged by 483 percent from 2023 to 2024, reaching an all-time high of $3.9 billion. This substantial increase can be attributed to the UAE's economic partnership agreement with the Eurasian Economic Union (EAEU), which has created new avenues for collaboration and investment between the UAE and Belarus, along with the other members of the economic bloc, including Russia, Kazakhstan, Kyrgyzstan, and newly inaugurated International Exhibition Centre is a key feature in Belarus's 'Northern Shore' development project, designed to enhance the country's cultural and economic an impressive 37,000 square metres, the centre features a versatile open-air exhibition area of over 14,000 square metres, equipped to accommodate events of all sizes. Its innovative design and flexibility make it an ideal venue for a variety of business and entertainment events, from international exhibitions to national congresses and specialised the meeting, Al Zeyoudi reaffirmed the UAE's commitment to fostering closer economic ties with Belarus, expressing optimism about the potential for increased non-oil trade flows and investment opportunities in both Zeyoudi stated, 'The UAE is keen to explore new avenues for collaboration that will benefit both our economies. The exceptional growth in our non-oil trade relationship is a testament to the strength of our partnership, and I look forward to further enhancing these ties over the coming years.'The discussions also highlighted the importance of in-person meetings in building mutual understanding and cooperation between the two nations, setting the stage for future collaborations in various sectors, including technology, infrastructure, and the UAE continues to strengthen its global trade partnerships through the Comprehensive Economic Partnership Agreement (CEPA) programme, this visit aligns with its objective of expanding collaboration and enhancing bilateral relations with high-growth economies and regions around the world. Related News MoFA receives credentials copy from new Ambassador of Belarus
See - Sada Elbalad
02-05-2025
- Business
- See - Sada Elbalad
BRICS Foreign Ministers held series of bilateral talks on key issues
SEENEWS The BRICS Foreign Ministers Meeting concluded in Brazil, where they discussed key issues on the global agenda as well as the association's priorities for the current year. Following the meeting, the Brazilian side issued a statement, according to BRICS TV. In addition to the meetings with the participation of representatives of the group's states and BRICS partner countries, a number of bilateral meetings were held. Brazilian Foreign Minister Mauro Vieira met with his Russian counterpart Sergey Lavrov, as well as the Foreign Ministers of China and Ethiopia, Wang Yi and Gedion Timothewos. Wang Yi assured of China's full support for Brazil's BRICS presidency and emphasised readiness to strengthen the voice of the global South in the international arena, the Chinese Foreign Ministry's press service reported. Vieira, for his part, said it was necessary to deepen co-operation with China in the fields of economy, science, health, and technology. The talks with Gedion Timothewos focused on joint efforts on food security, increasing agrarian productivity, transition to green energy and ecosystem restoration. This is reported by ENA, a partner of TV BRICS . Wang Yi also met with counterparts from Russia, South Africa, Ethiopia, Cuba, Nigeria, and Thailand on the margins of the BRICS Ministerial meeting. The Head of the South African Ministry, Ronald Lamola, emphasised the high level of trust between South Africa and China, saying they intend to deepen ties in trade, energy, education, and other areas. For his part, the Ethiopian minister in talks with Wang Yi expressed his desire to strengthen cooperation with China on the "One Belt, One Road" initiative. In addition, on the margins of the BRICS Foreign Ministers Meeting, Russian Foreign Minister Sergey Lavrov held a series of meetings with the heads of agencies of the group's partner countries, including Thailand, Bolivia, and Cuba. With Thai Foreign Minister Maris Sangiampongsa, he discussed the possible conclusion of a free trade area (FTA) agreement between the Eurasian Economic Union (EAEU) and the Kingdom. "During productive talks with Russia – another key player in BRICS – I expressed Thailand's desire to move forward with FTA negotiations with the EAEU, expand tourism exchanges and expressed appreciation for the organisation of the Royal Bangkok Symphony Orchestra's successful tours in Moscow and St. Petersburg," Sangiampongsa wrote on social media following the meeting. The talks between the representatives of the BRICS partner countries drew separate attention among the packed agenda of the BRICS Foreign Ministers Meeting. According to Prensa Latina, a TV BRICS partner, the Bolivian side agreed with Cuba and Belarus to intensify cooperation in strategically important areas – energy, health, agriculture, tourism, and in the field of biotechnology. Text copied from read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Daily News Egypt
28-04-2025
- Business
- Daily News Egypt
ECA conference: Experts highlight role of competition law in driving economic growth
At the Egyptian Competition Authority's (ECA) second annual conference on Monday, experts underscored the critical role of competition law in addressing global economic and social challenges and promoting sustainable growth. Alexey Ivanov, Director of the International BRICS Competition Law and Policy Centre and Academic Supervisor of the HSE Technology Transfer Centre, stressed the importance of competition authorities in navigating today's complex global landscape. In his speech, Ivanov pointed to significant challenges in the global grain market, particularly a lack of transparency and monopolistic practices by major traders. He called for urgent structural reforms, advocating for the establishment of a more transparent and efficient grain exchange platform to better protect the interests of consumers and importing nations. Ivanov also highlighted Egypt's strategic position as a bridge between regions and its potential role in working with BRICS countries to enhance transparency and strengthen market regulations, particularly within the grain sector. He concluded by urging greater international cooperation among competition authorities to support sustainable economic growth that benefits both developing countries and consumers. Meanwhile, Maxim Yermalovich, the Eurasian Economic Commission (EEC) Minister in charge of Competition and Antitrust Regulation, emphasized Egypt's importance as a key partner of the Eurasian Economic Union (EAEU) in the Arab world and Africa. Speaking at the conference, Yermalovich noted the strong trade ties between Egypt and EAEU member states, with bilateral trade surpassing $8bn last year — a testament to the positive momentum in their economic relations. He also praised Egypt's active participation in regional initiatives such as the African Continental Free Trade Area (AfCFTA) and COMESA, as well as its recent accession to the World Trade Organization, all of which further enhance its cooperation with the EAEU. Yermalovich highlighted ongoing efforts to deepen collaboration through joint meetings on cross-border competition issues and the development of new mechanisms to promote fair practices in international markets, particularly in e-commerce and goods markets, contributing to global trade stability. William Kovacic, Professor of Competition Law at George Washington University and former Chair of the US Federal Trade Commission, also addressed the conference, describing competition as a fundamental driver of economic performance. Kovacic explained that competition fosters innovation, drives down prices, and improves product quality, all of which are essential for sustainable economic growth. He cited public procurement — which accounts for about 15% of Egypt's GDP — as a prime example where enhancing competition could yield significant benefits across sectors such as education, healthcare, transportation, and infrastructure. Highlighting the broader social impact of competition policy, Kovacic stated: 'By relying on free markets, competition laws ensure that citizens fairly share in economic growth, creating an environment where individuals can succeed and reach their full potential, ultimately enhancing societal well-being.'
