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The potential of the EAEU allows to ensure the growth of the GDP of the union by 4.5-5.5% per year – Rossiyskaya Gazeta

Date: May 20, 2024 Time: 09:53:05

This optimistic forecast was formulated on February 3 by Mikhail Myasnikovich, Chairman of the Board of the Eurasian Economic Commission, after a meeting of the Eurasian Intergovernmental Council, which took place in Alma-Ata.

Speaking about the prospects for the coming year, he told reporters that the EEC Board had already begun to implement the tasks outlined in the speech of the President of the Russian Federation, Chairman of the Eurasian Supreme Economic Council, Vladimir Putin, to the heads of the EAEU. states on the occasion of the Russian presidency in the trade union bodies in 2023.

This year, Myasnikovich specified, about six dozen international agreements will be adopted in order to ensure the implementation of the strategic directions for the development of integration until 2025. True, most of them, according to him, have already reached a high degree of readiness, and the parliaments of the EAEU member states are ratifying many documents.

The Commission is actively working on the implementation of cooperation projects. In particular, the rules for access to interstate electricity transmission services were approved. A constructive exchange of views took place on the document that is being prepared, which constitutes the common market for gas. “Issues of the macroeconomic situation in the EAEU countries, proposals to ensure the sustainability of economic development were also seriously considered,” added the Chairman of the EEC Board.

Recognizing the existence of certain difficulties in foreign trade, he clarified that these were largely offset by the growth of mutual trade. Judging by the current statistics, its growth amounted to 13.4% and the cooperative ties also increased.

In addition, the commission’s proposals on mechanisms to promote economic development have already been approved. All this leads to the conclusion, summed up the head of the EEC colleague, that the effective use of the potential that the countries of the union have, “allows the growth of the total gross domestic product of the EAEU within 4.5-5.5% per year, maintaining the internal stability of the economy”.

Myasnikovich also said that the next meeting of the Eurasian Intergovernmental Council will take place on June 7-9 in Sochi, BelTA reports.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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