Today in St. Petersburg Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev took part in the meeting of the Eurasian Intergovernmental Council, which gathered the Prime Ministers of the countries of the Eurasian Economic Union.

The meeting was attended by the Prime Ministers of Armenia - N. Pashinyan, Belarus - A. Kobyakov, Kyrgyzstan - M. Abulgaziev, the Russian Federation - D. Medvedev, and the Chairman of the Board of the Eurasian Economic Commission T. Sargsyan.

Traditionally, the meeting of the Intergovernmental Council took place in both narrow and enlarged formats.

In private session, the participants reviewed the implementation of the EAEU digital agenda, the issues of interaction in the fields of agriculture, energy and transport. In particular, discussion covered issues of forming a common gas market, creating a unified system for the transit of goods across the customs territory of the Union using technical means and interfacing state information systems.

The enlarged meeting covered issues of customs cooperation, as well as instruments for regulating integration interaction in cooperation and import substitution in priority industries.

The Prime Minister of the Republic of Kazakhstan, Bakytzhan Sagintayev, speaking at the enlarged meeting of the EIC, said that the results of today's work - new ideas, projects and initiatives - will contribute to the welfare of all citizens of the states of the region. They will create conditions that will promote economic, political and social stability. Bakytzhan Sagintayev noted that cooperation within the Union demonstrates stable growth of trade turnover.

In the first quarter of 2018, compared to the same period in 2017, the mutual trade of the EAEU increased by 16.4% ($ 13.9 billion); the volume of foreign trade of the Union member states with third countries increased by 23.8% ($ 172.3 billion). According to the forecasts of the Eurasian Development Bank, GDP growth of the EAEU in 2019 will be 2.1%.

Bakytzhan Sagintayev also dwelled on the legislative regulation of cooperation within the framework of the EAEU. Thus, the work on the formation and development of the contractual and legal basis of the Union is conducted in an orderly fashion. Last year, more than 600 acts were adopted, which aim at the development of the integration association.

“We are striving to improve the quality of products, while not creating unnecessary management tools and costs for business. Work is underway to introduce about 70 amendments to the Treaty on the EAEU to improve the law of the Union. Today, trade and economic agreements have been concluded with China, agreements on a free trade zone with Vietnam and Iran. We need to continue to work on identifying partners in the conduct of foreign trade policy,” – Bakytzhan Sagintayev said, stressing that a number of important documents are also due to be adopted in the near future.

It should be noted that negotiations on the conclusion of trade and economic agreements between the EAEU and a number of states have been intensified. Issues of cooperation with Israel, India, Egypt, Singapore, Serbia and other countries are being actively looked into.

“Kazakhstan has always been a supporter of attracting new players to the “orbit” of our integration. Here I would like to note that the President of Kazakhstan put emphasis on the need for cooperation of the EAEU with technologically successful and investment-attractive countries and integration blocs,” – B. Sagintayev said.

The Prime Minister of Kazakhstan reminded the participants of the meeting about the new strategic tasks for further development and enhancement of the attractiveness of the EAEU, set by the Heads of the member states during the meeting of the Supreme Council held on May 14 this year. Thus, the President of the Republic of Kazakhstan N. Nazarbayev voiced the initiatives to create major infrastructure mega-projects: high-speed railway and highway on the route "China-Kazakhstan-Russia-Belarus-Europe", a navigable canal through the Caspian and Black Seas, as well as a proposal to analyze and eliminate existing obstacles in the mutual trade of the Union.

In this regard, as noted by B. Sagintayev, it is necessary to make maximum use of the existing potential and infrastructure of the EAEU, which will become a bridge between Asia and Europe, the East and West, the Pacific and Atlantic Oceans. Conducted meetings of the Council of the Commission, in turn, will in the short term significantly reduce the number of barriers.

In conclusion, the Prime Minister stressed that the EAEU is becoming more systematic and thorough.

“For us, this is a priority foreign economic project. We created the EAEU as an open, equitable integration association. Building our relationships on the principles of seeking compromises and working out effective solutions will be a powerful incentive for strengthening the Union, increasing its attractiveness in the world community,” – B. Sagintayev summed up.

Following the EIC meeting, the assignments of the Intergovernmental Council on the formation of the common gas market of the Eurasian Economic Union and the working group on the issues of integration interaction in cooperation and import substitution in priority industries were signed, as well as a number of organizational documents. It was decided to hold then next meeting of the Eurasian Intergovernmental Council in Belarus in October this year.

www.primeminister.kz

Published: 27 July 2018

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