09.02.2024 (Обновлено: 13.02.2024 09:51)

Goar Barseghyan invited EAEU businesses to actively participate in implementing new financial mechanism

Implementing a financial support mechanism for cooperative projects in the Eurasian Economic Union will enable the real economy to move to a new level of the Eurasian integration. This was stated by Goar Barseghyan, Minister in charge of Industry and Agriculture of the Eurasian Economic Commission, at the International Forum "Russia 2030 and the New Global Economic Order: Key Factors and the Role of Business".

"Implementing the new mechanism will contribute to solving the main objectives of industrial development, specified in the Declaration on Further Development of Economic Processes within the EAEU until 2030 and for the period until 2045," Goar Barseghyan stated. "This entails the formation of a common space of cooperative interaction and cooperation, as well as the provision of the EAEU common market with key goods". 

The Minister stressed that the new form of financial support for cooperative projects would increase the investment attractiveness of the Union countries and invited associations of business circles and business representatives to actively participate in practical implementation of the new supranational instrument.

Besides, Goar Barseghyan noted that Nikol Pashinyan, Chairman of the Supreme Eurasian Economic Council and Prime Minister of the Republic of Armenia, gave particular attention in his address to the Heads of the EAEU Member States to the issues of food security and development of the agricultural sector among the key priorities of Armenia's chairmanship in the EAEU governing bodies.

"The EAEU countries' self-sufficiency in food staples has reached 93 percent. This enables the Member States to efficiently address emerging challenges on a collective basis," the EEC Minister noted. 

In conclusion, Goar Barseghyan emphasized the importance of efficient use of the advantages that integration brings to the Member States. According to the Minister, the complementarity of the five countries' economies enables them to set the most ambitious targets, both to raise the living standards of ordinary citizens and to improve the business environment throughout the Eurasian space.

For reference

The International Forum "Russia 2030 and the New Global Economic Order: Key Factors and the Role of Business" was held as part of the Russian Business Week 2024 at the venue of the Russian Union of Industrialists and Entrepreneurs. The event was attended by Alexei Overchuk, Deputy Prime Minister of the Russian Federation, Maksim Reshetnikov, Minister of Economic Development of the Russian Federation, Andrey Slepnev, EEC Minister in charge of Trade, as well as representatives of the Russian business community and government agencies.