Friday, April 19

The EAEU Single market of services is expanding

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From January 1, 2023, 14 service sectors, including meteorology services, household and other auxiliary services, will switch to the format of the single market of the Eurasian Economic Union.

The formation of a single market of services contributes to improving the competitiveness of goods, works and services, reducing prices and tariffs for consumers, reducing the costs of service providers associated with the need to re-obtain permits and establish a legal entity, confirming the qualifications of personnel and the costs of maintaining a legal entity.

Since 2015, 128 service sectors have already gradually switched to the ERA format, among them such important areas for the economies of the EAEU countries as construction and tourism services and many others.

Source: EEC website

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