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EEU Treaty to toughen competition, encourage product quality improvement

29.05.2014

The Eurasian Economic Union Treaty is supposed to toughen competition and encourage manufacturers to improve the quality of their products, BelTA learned from Valery Borodenya, Candidate of Economics, member of the Budget and Finance Commission of the House of Representatives of the National Assembly of Belarus. “We understand perfectly well that in addition to granting new opportunities the treaty will make life complicated for many. Markets will be freer while competition will be tougher. Only the strong and brave ones can dive into a tough competition environment. Instead of living and thinking that everything will be cool and easy they can accept tougher conditions and force themselves to work more effectively, create new opportunities for themselves and their partners. We have set out to put ourselves in tougher competition conditions. We have to reach higher manufacturing levels and more than that. The parliament also has to improve the quality of laws because the competition area gets bigger. It should be welcomed because it is an engine of development and progress,” said Valery Borodenya. The MP reminded that a short while ago the Council of Ministers discussed the draft treaty on establishing the Eurasian Economic Union in detail. “Attention was focused on the things about which the head of state has said that our expectations were slightly higher than the end result,” noted the parliamentarian. Apart from that, Valery Borodenya reminded that Belarus was one of the initiators of these integration processes. “It is a very responsible and honorable role. Belarus has been playing the role for years now and has become an integration leader,” he said. The parliamentarian spoke in positive terms about the fact that Belarus and Russia had come to terms on volumes of oil delivery and a new procedure for transferring export duties on oil products. “We have a union with two countries that boast very serious raw materials while Belarus has less resources. We primarily have the intellectual and manufacturing capacity. It is something achieved by hands and heads instead of being extracted from under the surface of the earth. Therefore, we should have some guarantees that competition will not be shifted to prices for resources, that competition will be open and fair. Those, who work better, should win the market instead of those, who get cheaper oil,” he stressed. “I would very much like the signing of the Eurasian Economic Union Treaty to become an effective step that will create prospects for the future,” added Valery Borodenya.

Written by belta.by