Prime Minister, EEC Board Chair discussed EAEU development

Prime Minister Askar Mamin has received Chair of the Board of the Eurasian Economic Commission Mikhail Myasnikovich, who took office on February 1, 2020, Strategy2050.kz reports with reference to primeminister.kz.

“As you know, the idea of ​​Eurasian integration belongs to First President of Kazakhstan – Elbasy Nursultan Nazarbayev. Head of State Kassym-Jomart Kemelevich Tokayev pays great attention to the further development of the Eurasian Economic Union,” the Kazakh PM has said.

During the EAEU functioning, mutual trade between Kazakhstan and partner countries increased by 23.3% — from $16.3 billion to $20.1 billion. The flow of investments from the EAEU countries exceeded $5.5 billion, the number of joint ventures increased almost 2 times to 12 thousand

At the same time, the Head of Government noted the presence of many barriers — 66 obstacles — within the framework of the functioning of the EAEU domestic market.

“It is necessary to carry out systematic work to remove barriers, ensure the classic four freedoms (goods, services, capital, labor) and increase mutual trade indicators. This will allow the business community and, in general, the population of the EAEU member countries to feel the real benefits of the integration project,” Askar Mamin said.

The parties discussed the preparation of the draft Strategic Directions for the Development of Eurasian Economic Integration until 2025, the improvement of the unified base of technical regulation within the framework of the EAEU, as well as issues of compliance with the EEC regulations.

The meeting was attended by First Deputy Prime Minister – Minister of Finance Alikhan Smailov, Minister of Trade and Integration Bakhyt Sultanov and Head of the Secretariat of the Chair of the EEC Board Vladimir Zinovsky.

Image credit: primeminister.kz