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    Published

    10/02/2024, 07:47

    The EAEU has adopted the concept of a unified exchange market of goods, including trade in energy resources

    The heads of government of the Eurasian Economic Union countries have approved the concept of establishing a unified exchange market for goods. This step is aimed to support the EAEU member states' national exchanges and expanding markets for businesses, as well as providing consumers with goods at prices that will be formed based on competitive mechanisms.

    The objectives of the concept include establishing objective market prices for exchange-traded goods, increasing trade within the union, increasing the share of settlements in national currencies and creating fair pricing for EAEU goods at the global level. An important role will be given to exchange trade in energy commodities, corresponding to the plans to establish common markets for energy resources.

    Participants in the new exchange market will include trade organisers, trading companies, as well as infrastructure firms providing storage, transportation and settlement services. Interaction between the participating countries will be ensured via the exchange of necessary information for the efficient functioning of the market.

    An advisory body, the Exchange Committee, will be created to coordinate work between government agencies and exchange market participants. The next step will be the elaboration of a programme for the development of exchange trading in the EAEU, which is expected to be approved by the end of 2024.

     


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