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Scientific and Technical Council considered long-term prospects for EAEU economic development
Possibilities for the long-term economic development of the Eurasian Economic Union, enhanced cooperation with universities of the Member States and other issues were discussed by the participants of the eighth meeting of the Presidium of the Scientific and Technical Council under the Chairman of the Board of the Eurasian Economic Commission. The meeting was held at the Patrice Lumumba Peoples' Friendship University of Russia (RUDN) with the support of the Coordination Council of the Eurasian Information and Analytical Consortium (EIAC) within the framework of the 3rd Eurasian Analytical Forum.
Sergei Glazyev, EEC Minister in charge of Integration and Macroeconomics, Deputy Chairman of the Scientific and Technical Council, made a substantive report on the further development of Eurasian integration in the context of changing technological and global economic paradigms.
“Due to structural changes in the global economy, the importance of regional economic associations is on the rise. The greatest advantages in the new world order will be enjoyed by those who can skillfully and quickly manage the existing resources and create new ones, taking into account the capabilities of artificial intelligence systems, biogenetic engineering, organizational and management forms, and security risks,” noted Sergei Glazyev. His presentation is available here.
Among the promising areas of the EAEU scientific and technological development, he named new technologies in mechanical engineering, construction, biotechnology, digitalization of the economy and others. Even today they are contributing to the increase in the average annual economic growth rates of the Member States, and this trend will intensify.
Sergei Glazyev presented various scenarios for the EAEU development, according to which the GDP growth rate could range from 2.2% to 5.5% by 2035.
Oleg Yastrebov, RUDN University Rector, and Vladimir Filippov, RUDN University President, noted the importance of high-quality personnel training and supported the work to build network forms of interaction between universities from countries belonging to various integration associations: BRICS, SCO, CIS and EAEU. They also expressed their readiness to cooperate in developing proposals for implementing programs in the field of economics, law and international relations.
Nikolay Bordyuzha, Chairman of the EIAC Coordination Council, announced the start of the 3rd Eurasian Analytical Forum on October 23, during which it is planned to discuss, among other things, additional mechanisms and tools for increasing the effectiveness of integration processes in the EAEU.
“The consortium is ready to take an active part in developing the concept of the EAEU spatial development, which would establish a system of priorities for territorial development and designate the place of the strategic program for the development of regions of the EAEU Member States in the strategic management system,” noted Nikolay Bordyuzha.
Maleki Hossein, Deputy Ambassador of the Islamic Republic of Iran, addressed the issues of creating a strong and stable infrastructure in the Greater Eurasia format and, in particular, creating the North-South international transport artery. He emphasized that the project implementation was based on the agreement on the joint construction of a 160-kilometer section of the Rasht-Astara road, concluded within the framework of the North-South project between Russia and Iran on May 17 this year. The total cost of the project is €1.6 billion. An interstate loan amounting to €1.3 billion will be allocated for the construction of the section. Maleki Hossein expressed hope for the parties' perseverance in implementing the project.
In his speech, Alexander Ivanus, Professor of the Financial University under the Government of the Russian Federation, outlined the global trends in accounting, assessment, certification and including intangible assets, as well as scientific and technical intellectual property items into the economic turnover.
Alexey Kuznetsov, Director of the Institute of Scientific Information for Social Sciences (INION) of the Russian Academy of Sciences, presented the Atlas of Analytical Centers of Greater Eurasia – a directory including 250 analytical organizations from Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Mongolia, Russia, Tajikistan, Uzbekistan. In addition, he announced plans to create a constantly updated database of experts from such organizations.
Pavel Seleznev, Dean of the Department of International Economic Relations of the Financial University under the Government of the Russian Federation, told about the launch of the process to create a specialized department of Eurasian integration under the leadership of Sergei Glazyev. The department will contribute to the development of the educational potential of the Union and the popularization of integration processes.
The meeting participants agreed to continue cooperation and leverage the EIAC potential in the work of the expert group of the Scientific and Technical Council.
For reference
The Scientific and Technical Council was established by Order of the Chairman of the Eurasian Economic Commission’s Board on March 13, 2020. It functions as the Commission’s advisory authority on scientific and technological development of the EAEU. Structurally, it consists of the Council’s Presidium and an expert group. The Presidium comprises Ministers of the Commission’s Board and two representatives of each Member State: Heads of National Academies of Sciences and deputy ministers in the field of education and science. The expert group comprises a wide range of experts from the Union countries and provides the required level of technical expertise for this authority.
The Eurasian Information and Analytical Consortium ensures interaction between representatives of analytical circles and researches, including those from the EAEU Member States. The consortium is aimed at an independent assessment of the Eurasian integration processes and developing recommendations that could be taken into account when making decisions at the level of the integration association.
