Georgy Arzumanyan, Deputy Director of the Industrial Policy Department of the Eurasian Economic Commission, took part in the industry session Machine Tool Building and Microelectronics — Key Priorities of the EAEU Industrial Policy to Ensure Technological Sovereignty of the 6th Eurasian Business Forum "Integration".

The analysis of the machine tool market conducted by the Commission's industrial unit has showed that the share of imports in the total consumption in the Eurasian Economic Union is about 80–85%. Both the volume of imports of machine tool products in general and the share of Asia-Pacific manufacturers in the EAEU region market are growing. The microelectronics market also demonstrates a serious dependence on imports, which necessitates accelerated industrial cooperation between the EAEU Member States," said Georgy Arzumanyan.

Representatives of the business community spoke about robotic applications and automation in modern machine tool production, the balance of interests in technological re-equipment, development of machine tool industry in the EAEU countries under sanctions and innovative import-substituting decisions in the field of microelectronics.