Eurasian Economic Union News

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem met with the President of Kazakhstan, Nursultan Nazarbayev, at the St Petersburg International Economic Forum (SPIEF) this week to enhance the co-operation between DP World and Kazakhstan. The meeting was focused on opportunities to expand on DP World's exciting participation in the development of the Khorgos Eastern Gate Special Economic Zone and the Port of Aktau. President Nazarbayev noted that DP World was a leader in its field and an important strategic partner for Kazakhstan and Mr Bin Sulayem underlined DP World’s effective partnership with the country while expressing his interest in joint ventures in other locations around the world.

The Eurasian Economic Union (EEU) officially starts functioning on January 1. The EEU unites Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan. The new economic union envisages free flow of capital, goods services, and workforce on a common market including over 170 million people, according to reports of the Bulgarian National Radio. The union operates through supranational and intergovernmental institutions. The supranational institutions are the Eurasian Commission (the executive body), the Court of the EEU (the judicial body) and the Eurasian Development Bank. National governments are usually represented by the Eurasian Commission's Council. The constituent states of the EEU are placed under binding laws and have equal representation within the union's executive and judicial bodies.