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25 years of Eurasian Integration: from idea to fully operational Eurasian Economic Union

25 years of Eurasian Integration: from idea to fully operational Eurasian Economic Union

The current stage of the Eurasian Economic Integration as well as the prospects for further development of the Eurasian Economic Union (EAEU) were discussed by representatives of public authorities, business and expert circles and international organizations on June 16 at the Astana Economic Forum at the Session “25 years of the Eurasian Integration: from Idea to Implementation”. It was moderated by the Member of the Board – Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission (EEC) Tatyana Valovaya.
The session was opened by the First Deputy Prime Minister of the Republic of Kazakhstan - Minister of Finance of the Republic of Kazakhstan Alikhan Smailov, who spoke about the EAEU achievements in the last five years of operation and how the expectations of the implementation of the Eurasian integration idea were satisfied.
Viktor Khristenko, President of the EAEU Business Council, spoke about the genesis of the Eurasian Integration project, the stages of its formation, the impact of the global regionalization process at various stages of the EAEU formation and the role of business community. “The Treaty on the Union only outlines the main contours, goals and terms of their achievement. However, their development and execution is a matter for national teams and governments. Its future depends significantly on how effectively it will be possible to build this part of the Union”, - he stated.
The Ambassador of the Republic of Belarus Anatoly Nichkasov informed about the role of the Republic of Belarus in the formation of the Eurasian Integration project as well as the idea of “integration of integrations” where the Eurasian Economic Union is represented as an integral part of the Europe-wide integration.
Armida Salsiah Alisjahbana, the Executive Secretary of UN ESCAP, noted in her speech the importance of cooperation in modern geo-economic conditions between regional integration associations. The Executive Secretary invited the EEC representatives to take part in the ESCAP events, noting that the ESCAP venue, taking into account the EAEU geography, is an excellent place for dialogue between two commissions on key issues of the integration responses to modern geo-economic challenges.
At the end of last year, the Heads of the Member States signed a Declaration on further development of integration processes within the EAEU. Yaroslav Lisovolik, Senior Managing Director, Research Supervisor of Sberbank Investment Research, spoke about business needs required within the context of the Declaration implementation.
One of the key areas of the Declaration is to unleash the integration potential for people. The Director General of the Union “Agency for Development of Professional Communities and Skilled Workers “Young Professionals (WorldSkills Russia)” Robert Urazov presented some prospects for the development of integration processes in the sphere of education. He drew attention to the best practices of WorldSkills Russia which contribute to rapid integration. This is the introduction of international standards in the end-of-course assessment of college and training school graduates in the format of demonstration exams, the development of expert community and the introduction of the best international and domestic practices in the system of vocational education through advanced training of job coaches, teachers and managers.
The Director General of the European Business Association Frank Schauff and the Executive Director of the Russian-German Chamber of Commerce Kristen Harten focused on the prospects of establishing a dialogue between the European Union and the Eurasian Economic Union as well as prospects of the European business in the EAEU single market.
Closing the Session, Tatyana Valovaya thanked the speakers for their participation and invited them to key events on the Eurasian matters, organized by the EEC in the Union and abroad.
As part of the Forum Tatyana Valovaya held a number of working meetings. The EEC Minister and the Executive Secretary of ESCAP Armida Alisjahbana discussed a forthcoming Memorandum and the EEC participation in the ESCAP activities during the current year. The subject matter of the meeting with Mark Uzan, the Executive Director of the updated Bretton Woods Committee, was the forthcoming activities of the updated Bretton Woods Committee and the involvement of the EEC representatives therein.
For reference
Nowadays, the Commission, together with the Member States, is preparing a document defining strategic directions for the Eurasian Economic Integration development until 2025, which reveals specific mechanisms and measures for the implementation of the Declaration on further development of integration processes within the EAEU dated December 6, 2018.