News
11.03.2025
Arzybek Kozhoshev informed about 10-year functioning of EAEU
Arzybek Kozhoshev, EEC Minister in charge of Energy and Infrastructure, delivered a video address to the participants of the International Discussion dedicated to the 10th anniversary of the Eurasian Economic Union. The main subjects of the participants' discussion included the successes achieved and the challenges faced by the Union.
“A number of factors and their negative consequences became external challenges for the Union, which the association successfully coped with. This is evidenced by the GDP growth for the above period by about 50% — from 1.6 tln US dollars to 2.4 tln US dollars. Along with that, mutual trade doubled and amounted to about 90 bln US dollars, and its share in the total volume of the EAEU foreign trade grew to 18.2%,” Arzybek Kozhoshev noted.
The Minister reported on more comfortable conditions for the EAEU citizens in the field of education, medical care, granting and payment of pensions. The Minister outlined some benefits for the business community, for which the Union's law envisages free movement of goods and equal access to public procurement.
The EEC Minister also emphasized that today the issues of a common market for oil, gas and electric power are being moved on, which will ensure the availability of energy resources and the development of the EAEU countries. The tasks on diversifying supplies and building up the potential of new transport corridors, such as the North-South transport corridor and cooperation with China under the Belt and Road project are being solved.
