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Russian-Kyrgyz Fund set to participate in supporting EAEU's industrial cooperation

Kyrgyzstan Materials 19 October 2024 10:56 (UTC +04:00)
Russian-Kyrgyz Fund set to participate in supporting EAEU's industrial cooperation
Abdullo Janob
Abdullo Janob
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BISHKEK, Kyrgyzstan, October 19. It is planned to discuss the participation of the Russian-Kyrgyz Development Fund in the mechanism of financial support for industrial cooperation of the Eurasian Economic Union (EAEU), Trend reports via Kyrgyzstan's Cabinet of Ministers.

According to information, a regular meeting of the Council of the Eurasian Economic Commission was held in Moscow, which was attended by the First Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan, Adylbek Kasymaliev.

The meeting considered more than 50 issues and made several decisions. In particular, at the initiative of Kyrgyzstan, the draft amendments to the rules of selection of joint cooperation projects in industries were approved.

Within the framework of this decision, it is proposed to attract the Russian-Kyrgyz Development Fund to participate in the mechanism of financial support for industrial cooperation of the EAEU. This issue will be discussed at the next Council meeting.

The Council members also instructed the Eurasian Economic Commission to work on expanding the scope of financial support for industrial cooperation in the Union.

Kasymaliev noted that it is unacceptable to impose restrictions on the issuance of labeling codes for light industry exporters from member countries and suggested that national operators jointly solve this problem.

The reports on the situation in the internal market of the EAEU and the creation of a common market for gas, oil, and oil products were also presented.

Meanwhile, in order to support producers from the member countries, it was decided to zero import duties on undyed viscose fibers for three years, up to and including September 30.

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