05 Aug 2022 EEC and countries continue to cooperate on establishing common energy markets During the negotiations held on August 4, the heads of energy agencies of the "five" countries discussed in depth some outstanding issues of the international treaty on establishing the EAEU common markets for oil and petroleum products. Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, who chaired the meeting, noted a high degree of readiness of the draft document. Along with that, he stressed the importance of a constructive dialogue and emphasized the need to concentrate efforts on closer interaction between authorized bodies to coordinate the treaty provisions where differences still remain. In particular, this is a question of order and priority of providing access to services for transporting oil and petroleum products, special aspects of interstate transportation as one of the transaction types, as well as rendering services for oil transportation. During the consultation, the heads of authorized bodies reached a consensus on individual issues of access to oil and petroleum products transportation systems, including the technical feasibility of transportation. The sides narrowed their positions on the terms and conditions of the service contract. The International treaty on establishing the Union’s common markets for oil and petroleum products sets up essential conditions for its functioning. In general, establishing common markets for oil and petroleum products is carried out in three stages. The final third stage - until January 1, 2025 - envisages the enactment of the international treaty on establishing the Union’s common markets for oil and petroleum products. The work on establishing common energy markets and harmonizing national legislation is carried out with due regard to the fundamental principles provided for by the Treaty on the EAEU, the Concept and Program for establishing common markets for gas, oil and petroleum products.
03 Aug 2022 Armen Harutyunyan presented measures to ensure EAEU food security at Global Forum in Dubai Armen Harutyunyan, Director of the Agricultural Policy Department of the Eurasian Economic Commission, stressed at the 2nd International Forum on Vertical Farming that the issues of ensuring food security and sustainable development of the Eurasian Economic Union States were the EEC’s major focus of interest. Over the past few years, the food sector of all the Union countries has demonstrated dynamic development - the self-sufficiency index reached 93% in 2021. "The EEC takes efforts in a number of directions. In particular, general principles and approaches to ensuring food security have been approved at the Union level. This is an important step towards forming actual mechanisms for stabilizing the food market, ensuring guaranteed mutual deliveries as well as eliminating existing barriers and restrictions in the EAEU common agricultural market", the Director of the EEC Department reported. Presenting his report on using the potential of urban agribusinesses to ensure food security during the Forum’s session on building a sustainable and healthy urban environment through vertical agriculture, Armen Harutyunyan informed on the discussions held in the Union on implementing the ESG principles in the agricultural sector. Besides, in view of the Union’s low self-sufficiency for fruits and vegetables, the Commission, jointly with the FAO, prepares recommendations for developing fruit growing in the Union countries. The EEC pays attention to the logistic support of agriculture as well as introducing up-to-date technological solutions into the production process as well. For example, the Board's recommendation was adopted to promote the use of precision farming technologies. The Director of the EEC Department held a number of working meetings and negotiations on the sidelines of the Forum. In particular, he discussed some possibilities of creating the EAEU science and technology cluster in agriculture with Upali Karunaratna, President of Spire Company, as well as new models for developing small and medium-sized agricultural production and introducing state-of-the-art technologies in the agricultural sector with Greg Jaeger, CEO of Cyber Farms.
EAEU statistics for 10 years published 02 Aug 2022 EAEU statistics for 10 years published The Statistics Department of the Eurasian Economic Commission has published a compendium "10 Years of the Eurasian Integration" dedicated to the decade of the Eurasian Economic Commission, which includes information on the main socio-economic indicators of the Eurasian Economic Union. The EAEU GDP per capita based on the purchasing power parity increased by almost 34%, which is a shade higher than the global average for the same period (32%): from 22.8 ths US dollars in 2012 to 30.5 ths US dollars in 2021.  The Union's industrial output increased by 20%. For reference, the European Union’s industrial output increased by 10% for the period from 2012 to 2021, and in the Organization for Economic Cooperation and Development (OECD) it grew by 8.5%. Over a ten-year period, the number of the EAEU countries’ permanent population has also increased, including the labor force, agricultural production, turnover of goods by all modes of transport, and mutual trade in goods. The EAEU unemployment rate was 4.9% in 2021, which is far below the same European indicator (7%) and below the global average unemployment rate (6.2%). A pocket compendium with key statistics for 5 years has been published as well. It contains information on the EAEU square footage, population, salary, the EAEU GDP, manufacture of industrial and agricultural products, as well as profiles of the Member States with the key indicators characterizing social and economic development over the past five years.  More detailed statistics has been provided on the Statistics Department's webpage in the "Statistical Publications" section.
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