Four liberalization strategies are planned to be implemented in the construction industry
At the meeting of the Supreme Eurasian Economic Council, held on December 21 in St. Petersburg, a set of measures aimed at further developing the single market for construction services was approved.
As part of this initiative, four liberalization strategies were approved, covering 14 sectors related to the management of construction projects. These strategies envision a phased transition to the principles of the single market for services (SMS) for general contracting and general design works.
The implementation of the proposed roadmaps will allow the SMS regime to be extended to the construction of facilities for various purposes: industrial, commercial, agricultural, and residential, as well as the construction of highways and railways, energy, infrastructure, and production facilities. This will create opportunities for construction companies from EAEU countries to operate throughout the Union without the need to establish additional legal entities, provided that there is mutual recognition of permits and qualification documents issued in the country of registration.
Simplifying the approaches to regulating the construction sector will help reduce costs and optimize the implementation costs of projects, which will provide a new impetus for the development of the construction sector in the Eurasian space.
Photo www
