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Heads of EAEU countries’ delegations and President of the Kyrgyz Republic Sooronbay Jeenbekov met on the eve of the Intergovernmental Council

Heads of EAEU countries’ delegations and President of the Kyrgyz Republic Sooronbay Jeenbekov met on the eve of the Intergovernmental Council

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8/9/2019

Tigran Sargsyan, Chairman of the Board of the Eurasian Economic Commission (EEC) and Sooronbay Jeenbekov, President of the Kyrgyz Republic, met on the eve of the Eurasian Intergovernmental Council (EIC) on August 9, in Cholpon-Ata (Kyrgyzstan). The event was also attended by the chief delegates of the Eurasian Economic Union (EAEU) countries.

The Head of State congratulated everyone on the 5th anniversary of signing the Treaty on the Union and the 25th anniversary of the Eurasian integration idea. “During this time, the EAEU has become a strong and effective integration association. Joint measures are being taken to realize free movement of goods, services, capital and labour. The volume of mutual and foreign trade is gradually increasing. The GDP growth in 2018 as a whole for the Union amounted to 2.5%”, - Sooronbay Jeenbekov noted.

He stressed that the Union’s international activity became attractive on the global stage. Trade and economic relations as well as geographical map of cooperation are expanding. Agreements have been signed with China and Iran. The free trade area with Vietnam is operating effectively. Negotiations are actively conducted with Israel, Singapore, Serbia, India and Egypt. Memorandums of Cooperation have been signed with a number of major regional associations.

As Sooronbay Jeenbekov noted, the Eurasian Economic Union was at an important stage of its historical development. Efforts should be made to further strengthen integration ties, remove barriers and create favorable conditions for business as well as financial institutions to balance economies. To continue expanding cooperation ties, strengthen resource potential and stimulate innovation processes.

The President of Kyrgyzstan also drew attention to the need of empowering the Commission to effectively remove obstacles in the Union domestic market. He also noted that standards for distributing import customs duties were one of the important issues.

President Sooronbay Jeenbekov noted that the meeting agenda was rich and relevant. The decisions taken today will give an additional impetus to the practical implementation of the EAEU objectives.