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20 Mar 2025
EEC considered relevant matters of industrial cooperation within EAEU framework
The issues of implementing the mechanism of financial support to industrial cooperation, improving the functioning of Eurasian technology platforms and interstate programs, monitoring of obligations in respect of sensitive goods in the implementation of industrial policy measures, as well as joint exports of non-primary, high-tech products were discussed at the meeting of the Advisory Committee on Industry. The members of the Advisory Committee approved the draft recommendation of the Board of the Eurasian Economic Commission on the development of cooperation in the production of oil and gas equipment, the results of analyzing promising markets and industries for joint exports of non-primary, high-tech products, and the creation of the Robotics Eurasian technological platform. The meeting participants approved approaches to further improve the existing provisions of the Regulation on selecting cooperation projects in industry. "Active participation of business circles of the Member States will ensure capacity development of Eurasian technology platforms and interstate programs," stressed Goar Barseghyan, EEC Minister in charge of Industry and Agriculture.
19 Mar 2025
Goar Barseghyan: “Industrial cooperation is a growth driver in the EAEU real economy”
The industrial sector is a key priority of the new stage of the Eurasian economic integration and traditionally acts as a growth driver in the real economy of the Eurasian Economic Union. This was stated by Goar Barseghyan, Minister in charge of Industry and Agriculture of the Eurasian Economic Commission, at the congress of the Russian Union of Industrialists and Entrepreneurs. “Introduction of the financial support mechanism for cooperative projects has become one of the significant achievements of the current integration stage. Since June 2024, the EAEU has launched a pilot mechanism for subsidizing interest rates on loans and credits aimed at implementing joint cooperative projects,” the EEC Minister noted. Goar Barseghyan presented the first two projects approved by the Commission's Council: Murom Railway Switch Plant to manufacture products for the construction of the Moscow – St. Petersburg High-Speed Railway and Kazrost Engineering Ltd. to expand the production of agricultural machinery in the Republic of Kazakhstan involving enterprises from other EAEU countries. “At present, on the instructions of the Heads of Government of the Member States, the Commission works on expanding the financial support mechanism for cooperation in the agricultural sector. The criteria and sources of such support are discussed jointly with the business community, with due regard to the specific nature of the agricultural sector,” Goar Barseghyan noted, adding that the EEC continues to work on creating conditions for sustainable growth and deepening integration in the interests of all the Member States. The EEC Minister invited representatives of the business community and business associations of the EAEU countries to actively participate in the practical implementation of this supranational instrument, which provides great opportunities for strengthening economic cooperation and developing industrial potential.
17 Mar 2025
EEC develops cooperation in wood processing industry
The Eurasian Economic Commission's representatives invited participants in the Low-Rise Russia 2025 Conference, held as part of the RosBuild 2025 International Exhibition for Building Materials and Technologies, to cooperate in the wood processing industry. The popularity of factory-made modular solutions for private housing construction (PHC) has been noted in view of the high demand for wooden house building in PHC. In 2024, the share of such buildings commissioned in Russia reached 60%, and 51.1% in Belarus. Such dynamics creates favorable conditions for developing all types of PHC technologies and manufacturing relevant structures and materials within the Eurasian Economic Union. According to Georgy Arzumanyan, Deputy Director of the EEC Industrial Policy Department, the development of production facilities in the field of modular construction and prefabricated housing is one of the most promising areas in wood processing and has a great potential for cooperation between the Union countries' companies. “Using a new financial support mechanism for industrial projects in the wood processing sector will give an additional impetus to developing the industry,” Georgy Arzumanyan emphasized. The event attendees were invited to discuss the possibility of applying this mechanism, as well as other issues facing manufacturers within relevant expert groups at the EEC venue scheduled to meet in 2025.
17 Mar 2025
EEC considered issues of EAEU agreed agricultural policy
A meeting of the Advisory Committee on Agriculture chaired by Goar Barseghyan, the EEC Minister in charge of Industry and Agriculture, was held on March 17 at the Eurasian Economic Commission's headquarters in Moscow. The meeting attendees approved a draft Agreement on the procedure for recognizing organic products within the Eurasian Economic Union. The document is aimed at providing conditions for free movement of such products within the Union. The draft document finalized following the Member States' internal legal procedures will be submitted to the Eurasian Economic Union's governing bodies for consideration. The Advisory Committee meeting also approved the draft Recommendation of the EEC Board “On measures of state support for the agricultural processing development in the Union Member States”. The document contains proposals for incentive and regulatory measures aimed at developing the agricultural processing in line with the national state agricultural policy. As part of the ongoing work on sensitive agricultural goods, the meeting approved draft recommendations of the EEC Board on measures for sustainable development in the EAEU countries of the milk and dairy products market, cattle meat production, and pork market. “Implementing these recommendations will make it possible to improve the efficiency of livestock industries, including to reduce import dependence on genetic material, raw materials, and means of production, will contribute to building up the export potential of manufactured products and ensure their competitiveness,” Goar Barseghyan noted.
12 Mar 2025
EEC discussed prospects for sustainable agricultural development
On March 12, the round table "Green Horizons: Sustainable Development of Agriculture in the Member States of the Eurasian Economic Union" was held at the Eurasian Economic Commission under the chairmanship of Naira Karapetyan, Director of the EEC Agricultural Policy Department. The participants discussed approaches to analyzing and modeling the consequences of introducing carbon tax in agriculture of the EAEU countries, the role of green agriculture in reducing the carbon footprint, prospects for inter-country cooperation of organic producers, regulation of greenhouse gas emissions in using fertilizers and a number of other issues. As Naira Karapetyan noted in her speech, sustainable development of the agricultural sector is becoming more and more important in the world of today, since agriculture is directly related to the use of natural resources and has a significant impact on the environment. "Mitigation in the EAEU requires transformation of the agricultural and food systems through concerted action and adapting the industry to current realities," emphasized the Director of the EEC Agricultural Policy Department. The round table was attended by representatives of the Ministry of Natural Resources and Environmental Protection of the Republic of Belarus, the Ministry of Agriculture of the Republic of Uzbekistan, the Russian Quality System, the Food and Agriculture Organization of the United Nations, the Institute of Applied Economic Research of the Russian Presidential Academy of National Economy and Public Administration and relevant businesses.
03 Mar 2025
EEC and Cuba discussed developing cooperation in production and circulation of medicines
The EEC headquarters hosted a meeting under the chairmanship of Georgy Arzumanyan, Deputy Director of the Industrial Policy Department of the Eurasian Economic Commission, featuring Commission's representatives and the management of the largest pharmaceutical companies BioCubaFarma, MediCuba SA and CECMED, as well as regulatory authorities of the Republic of Cuba. The meeting was focused on the development of cooperation between the countries of the Eurasian Economic Union and Cuba in the pharmaceutical industry, building synergies, as well as technology transfer and interaction between national regulatory bodies, including market regulation and circulation of medicines within the Union. "The possibility of using Eurasian technology platforms and the financial support mechanism for joint cooperation projects by including joint ventures featuring Cuban companies in production chains of the Member States can be a practical step towards bringing our countries closer in the field of jointly developing and producing high-tech medicines and biopharmaceuticals," Georgy Arzumanyan pointed out. Chinara Mambetalieva, Deputy Director of the EEC Technical Regulation and Accreditation Department, emphasized the importance of the Republic of Cuba maintaining its position in the EAEU market of medicines. "We hope that Cuban pharmaceutical manufacturers will perform the necessary procedures for reformatting marketing authorization applications according to the EAEU standards by the end of 2025, and will also be able to prepare marketing authorization applications and launch new medicines in our market comfortably," she mentioned. Chinara Mambetalieva added that a comfortable transition to the Union market segment will be facilitated by the recently completed joint EEC–Cuba project to translate the Union Pharmacopoeia into Spanish. In turn, Eulogio Pimentel Vazquez, the head of the Cuban delegation and First Vice President of BioCubaFarma, noted the high potential for developing cooperation between enterprises of the EAEU and Cuba in terms of investment, technology transfer and implementation of joint projects. The two sides expressed readiness for further discussion of promising issues in a more detailed format.
17 Feb 2025
Goar Barseghyan presented new mechanisms to support real economy at Russian Business Week
Goar Barseghyan, Minister in charge of Industry and Agriculture of the Eurasian Economic Commission, presented key directions for strengthening integration processes in the industrial and agricultural spheres at the session “EAEU to 2030: Goals, Mechanisms, Challenges in Business and Government Interaction” as part of the Integration Forum “Russian Business Week”. The EEC Minister paid special attention to developing financial support mechanisms for the real economy and ensuring food security in the Eurasian Economic Union countries. “The EAEU States play an important role in ensuring global food security. Over the ten years of the Union's existence, the volume of agricultural production has increased by 25.9%. The food self-sufficiency level has reached 93%,” she mentioned. Goar Barseghyan emphasized the importance of systematic interaction between public authorities and business structures, noting that regular meetings with representatives of business associations became an efficient platform for working out joint solutions. The EEC Minister added that the Commission actively informs entrepreneurs about the financial support mechanism for cooperation in the agricultural sector, including the definition of criteria and sources of financing, with due regard to the industry specifics. “On this occasion, I confirm the Commission's readiness to direct dialogue with business representatives to lay the groundwork for cooperation meeting the needs of the real economy, as well as to attract participants to the Eurasian cooperative projects based on mutual interest,” Goar Barseghyan said. The EEC Minister invited all those interested to become more involved in elaborating new documents and support mechanisms.
12 Feb 2025
EAEU identified priority areas for cooperation in non-ferrous metallurgy
The Board of the Eurasian Economic Commission adopted a Recommendation on new promising areas for developing cooperation in non-ferrous metallurgy, taking into account the existing integration potential of the Eurasian Economic Union. "This is joint production of innovative non-ferrous metallurgy products taking into account the possible application of the financial support mechanism, organization of experience exchange on the introduction of advanced technologies in the industry, on the implementation of the green agenda in this area, as well as in the field of non-ferrous metal scrap processing," noted Gohar Barseghyan, EEC Minister in charge of Industry and Agriculture. To improve interaction between producers and consumers of EAEU non-ferrous metallurgy products, it is recommended to use the lists of promising cooperation areas in this industry posted on the EAEU website. The lists are open-ended and may be updated or expanded upon proposals by the Member States. "Adoption of the Recommendation will contribute to further deepening of cooperation in non-ferrous metallurgy, taking into account the current priorities of the industry's development in the EAEU countries," the EEC Minister emphasized. The lists of promising cooperation areas include, in particular, the production of non-ferrous metallurgy products such as ferromolybdenum, titanium, vanadium-aluminum alloy, copper wire, beryllium bronze and a number of aluminum products (aluminum powders and pastes, light-alloy aluminum wheels, aluminum rims and frames for bicycles).
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