EAEU countries may establish joint industrial infrastructure
Baku, Azerbaijan, October 10
By Nargiz Sadikhova – Trend:
Eurasian Economic Union (EAEU) member countries are looking into possibility of establishing joint industrial infrastructure in third countries, Trend reports with reference to the press office of Kazakh Ministry of Industry and Infrastructural Development.
The discussion took place on October 9, 2019 within the framework of second meeting of the EAEU Industrial Policy Council, which was held on the sidelines of the International Industrial Forum. Kazakhstan’s delegation was led by the Minister of Industry and Infrastructural Development Beibut Atamkulov.
A number of relevant issues of industrial cooperation within EAEU have been discussed during the meeting, including the issue of establishing joint industrial infrastructure.
In this regard, minister of industry of EAEU countries discussed participation mechanisms of EAEU producers in creating and functioning of Russia’s industrial zone in Egypt, which will use this practice in other countries.
“Kazakh ventures will be able to localize export-oriented manufacturing, which have export potential and are oriented on markets of Egypt, Africa and Middle East, on the territory of industrial zones,” the report said.
The Eurasian Economic Union is an economic union of countries of central and northern Asia and Eastern Europe. Members of EAEU are: Belarus, Kazakhstan, Kyrgyzstan, Russia and Armenia.
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