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Bakytzhan Sagintaev: “The EAEU stands at the threshold of a new stage of the Eurasian economic integration”
On June 7, Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission, spoke at the session “10 Years of the EAEU – Effects, Priorities, Prospects” as part of the 27th St. Petersburg International Economic Forum.
In his report, the Chairman of the EEC Board noted that the Eurasian Economic Union approached the anniversary date with significant results.
"The EAEU GDP growth exceeded 14%. Mutual trade doubled and amounted to almost 90 bln dollars. Investment in fixed capital increased by 43% and amounted to 457 bln dollars,” Bakytzhan Sagintaev noted.
As the Head of the EEC Board emphasized, today the integration association countries stand at the threshold of a new stage of economic integration.
“In the medium term, our States will have to provide the EAEU market with key goods and resources, form production and technology chains, a new level transport and logistics space, financial market, as well as strengthen the processes of digital transformation,” Bakytzhan Sagintaev believes.
The Chairman of the EEC Board paid special attention to the Eurasian “five” international activities, emphasizing that the EAEU should become a center of economic attraction.
In order to accomplish this objective, the dialogue with key regional integration associations is ongoing, and negotiations are underway on the trade agreements track.
Bakytzhan Sagintaev informed that a road map for implementing the Eurasian Economic Path Declaration will be prepared next year on the instructions of the Heads of State. This document sets the trajectory for economic processes in the Union until 2030 and for the period until 2045.
Bakytzhan Sagintaev, Chairman of the EEC Board, also took part in the plenary session of the St. Petersburg International Economic Forum.
