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EAEU countries define main economic tasks

Business Materials 9 August 2019 16:55 (UTC +04:00)

Baku, Azerbaijan, August 9

By Nargiz Sadikhova - Trend:

Development of industrial cooperation should become one of the main economic tasks on the common agenda of the Eurasian Economic Union (EAEU), stated Prime Minister of Kazakhstan Askar Mamin, Trend reports with reference to the press office of the prime minister.

He made the statement during a meeting of the Eurasian Intergovernmental Council in Cholpon-Ata, Kyrgyzstan.

Thus, within the framework of the meeting 15 issues on the agenda for the further development of integration processes, increasing trade and economic cooperation, and removing barriers in the EAEU domestic market have been considered.

“Currently, work is underway to implement the provisions of the Treaty on the EAEU on pressing issues of cooperation, to develop a draft strategic directions for the development of Eurasian economic integration until 2025,” Mamin said.

According to him, given the prevailing conditions in the global economy, in order to have a positive effect on the growth of the economies of the EAEU countries, special attention should be paid to the development of industrial cooperation. This direction should become one of the main economic tasks on the common agenda of the EAEU.

One of the effective tools for the development of entrepreneurship, employment and economic growth, may be a joint program for the development of the ‘economy of simple things’.

“This sector can give an increase in gross product of up to 1.5 percent of GDP,” Mamin said and suggested developing a digital map of the distribution of industrial enterprises across the Union countries.

The need for the development of electronic trading platforms was also noted. The use of this promising global trend will contribute to the growth of both mutual trade and stimulate the export of goods to the markets of third countries.

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