EEC hopes for formation of common exchange market by 2030

ArmInfo. The Eurasian Economic Commission (EEC) hopes that the common stock market will be  operational by 2030.

This was stated by Maxim Yermolovich, Minister of Competition and  Antimonopoly Regulation of the Eurasian Economic Commission (EEC),  during a briefing on the sidelines of the Eurasian Forum.

In this regard, he reported that the draft concept of the common  stock market will be considered tomorrow at a meeting of the Eurasian  Intergovernmental Council. "We hope that this concept will be  approved by the heads of government.

It provides for four stages of the formation of a common exchange  market in a fairly short period," the minister emphasized. According  to him, the concept will be followed by the development of a program  that will define detailed measures. "Today, I want to say that the  exchanges are not waiting for our decisions, but are actively working  to create an eco-environment for interaction. This environment of  interaction has already been supported by specific agreements, a  five-party agreement was signed at the St. Petersburg Economic Forum,  which included both the countries of the Eurasian Economic Commission  and observer countries. That is, the exchanges themselves are  organizing themselves, they are starting to interact in order to form  price indicators, which is very important for the common market, not  only for fiscal authorities, say, but also in order to monitor the  state of common markets where standardized goods are traded,"  Yermolovich said.

The interaction scheme, according to the deputy minister, can be  scaled up, and in the future rely on the agreements reached between  the exchanges in order to form a common exchange space. "Therefore,  the process is underway both in the commission at the level of  developing standard rules for the operation of the common exchange  market, and in the interaction of the exchanges themselves, their  organizations, in order to create this market in practice," he  emphasized.