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Artak Kamalyan and Yerbol Karashukeev discussed development prospects for cooperation in Union's agricultural sector
In Nur-Sultan, the parties discussed the progress of Kazakhstan's domestic procedures for signing this year the Agreement on the Rules of Release (Issue), Circulation and Redemption Within the Eurasian Economic Union of Warehouse Certificates for Agricultural Products.
"The adoption of this document is of particular relevance today since it promotes electronic commerce within the Union based on mutual recognition of non-documentary warehouse certificates for agricultural products and increases the availability of loans secured by a warehouse certificate for agricultural producers. In the future, such infrastructure can also be used in trade with third-country entities," Artak Kamalyan noted.
Meeting participants discussed indicative (forecast) trade indicators for certain types of agricultural products in 2022.
The ministers considered the draft agenda for the upcoming meeting of the EAEU Agricultural Policy Council, and discussed a number of issues related to forming a common market for organic agricultural products in the Eurasian Economic Union.
For reference
The EAEU Agricultural Policy Council is an auxiliary body of the Union conceived to help Member States implement an agreed agricultural policy. It was created by Decision No. 6 of the Supreme Eurasian Economic Council dated May 14, 2018 in accordance with subparagraph 22, paragraph 2 of Art. 12 of the Treaty on the EAEU dated May 29, 2014.
