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31 December 2014

Eurasian RIA operational from 1 Jan 2015

On December 23, 2014 the Supreme Eurasian Economic Council at the level of Heads of States at a meeting in Moscow adopted new Regulations of the Eurasian Economic Commission, including new sections – Chapter VIII "Pre-publication of draft decisions of the Commission, the Intergovernmental Council and the Supreme Council prepared by the Commission" and Chapter IX "Regulatory Impact Assessment of the Commission's draft decisions" coming into force on January 1, 2015. These sections should increase the transparency of the EEC, provide a preliminary assessment of decisions affecting doing business.
The specific mechanism of the "Eurasian" RIA, including exclusions (RIA targeting), was discussed at the international workshop held on December 12, 2014 in the Chamber of Commerce and Industry of the Russian Federation (from our correspondent in Moscow, D. Tsygankov).

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