Main Directions of EAEU International Activities for 2023 approved

At the meeting of the Supreme Eurasian Economic Council held on December 9 in Bishkek, the Heads of State of the Eurasian Economic Union approved the Main Directions of the EAEU International Activities for 2023.

According to the document, the EAEU activities in 2023 will focus on intensifying the interaction with the CIS states and other neighboring countries, developing a systematic dialogue with the Shanghai Cooperation Organization (SCO), the Association of Southeast Asian Nations (ASEAN), the European Union (EU), BRICS countries and other interested states and associations in Central Asia and the Middle East in the context of the idea of the Greater Eurasian Partnership, promoting the realization of the EAEU countries' export potential, including through entering new markets and expanding the use of national currencies in mutual settlements.

In addition, the priorities for 2023 include searching for new business opportunities in a changing global economy, helping businesses overcome barriers arising from disruption of transport and logistics chains and financial settlement restrictions in international trade.

The primary Union's efforts will be focused on developing the already established cooperation mechanisms, including within the framework of concluded memorandums, declarations and trade agreements. These issues are covered by the first section of the document. 

The document provides for cooperation with such international organizations as the United Nations (UN), including its regional commissions, the World Customs Organization (WCO), the World Trade Organization (WTO) and others, are noted here, among the regional associations are the Executive Committee of the CIS, SCO, ASEAN, the African Union and other.

As for the third countries, the priority will be cooperation with the EAEU observer states, with China under the Trade and Economic Cooperation Agreement, with Vietnam, Serbia, Singapore and Iran in accordance with preferential trade agreements.

The second part of the document lists potential partners with whom the Union aims to develop relations. They include regional associations and the third states that are interested in deepening systemic interaction with the EAEU. 

For reference

In its international activities, the EAEU is guided by Article 7 of the Treaty on the Eurasian Economic Union dated May 29, 2014, and the Procedure for Carrying out International Cooperation by the Eurasian Economic Union approved by Decision No. 99 of the Supreme Eurasian Economic Council dated December 23, 2014. In accordance with paragraph 5 of the said Procedure, the Main Directions of the Eurasian Economic Union International Activities are formed.

As of November 10, 2022 The EEC has concluded 46 memorandums with international organizations, 27 memorandums with governments, ministries and departments of the third countries, 14 memorandums with regional integration and interstate associations, 7 trade agreements with third countries.