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20.03.2024 (Обновлено: 21.03.2024 10:24)

Bakytzhan Sagintaev and Vladimir Putin discussed priority areas of EAEU medium- and long-term development

Bakytzhan Sagintaev, Chairman of the Board of the Eurasian Economic Commission, and President of the Russian Federation Vladimir Putin considered a number of issues on the Eurasian integration agenda during talks held in Moscow on March 19. 

Bakytzhan Sagintaev began the meeting by congratulating Vladimir Putin on his convincing victory in the presidential election, noting the importance of further all-round dynamic development of Russia and successful overcoming of existing challenges. 

In his turn, President of Russia congratulated Bakytzhan Sagintaev on his appointment as head of the EEC and wished him fruitful work. 

Bakytzhan Sagintaev reported on the key achievements of the integration association over 10 years of its operations. In particular, it is noted that mutual trade between Member States has almost doubled and foreign trade has increased by 60%. GDP of the Eurasian Economic Union grew by 3.8% last year alone, reaching $2.4 trillion. Most macroeconomic indicators are on an upward trend.  

The parties discussed the main objectives of the Commission's further activities. One of the priorities will be the implementation of a new strategic document for medium-term (until 2030) and long-term (until 2045) development of the Eurasian Economic Union — the Eurasian Economic Path Declaration. Bakytzhan Sagintaev reported on the start of negotiations with the states of the association to discuss a plan for the implementation of strategic initiatives. 

Among the important prospects for the development of the Union and the Commission's work is economic digitalization. The parties are unanimous that digital technologies and relevant reforms will facilitate qualitative changes in the economic situation. Other key areas comprise the development of cooperation ties and the creation of regional value chains, the improvement of transportation infrastructure and logistics and the establishment of a unified effective risk management system in the field of customs control. 

The meeting also included a thorough exchange of views on the development of cooperation between the Eurasian Five and third countries and strengthening the EAEU's position in the international arena. In this context, it is a priority to develop cooperation with leading regional associations — the SCO, ASEAN, African Union, BRICS, Pacific Alliance, Andean Community, specialized UN agencies and the entire UN, as well as with such countries as China, Iran, Vietnam, Serbia, Indonesia, Saudi Arabia, Egypt, the UAE and a number of others. 

In 2024, the Eurasian Economic Union celebrates its tenth anniversary. Following the negotiations, the parties agreed to hold the EAEU anniversary summit in Moscow on May 8.