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Integration and Macroeconomics

Member of the Board - Minister in charge of Integration and Macroeconomics Eldar Alisherov
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News on «Integration and Macroeconomics»

26 Jun 2025 Eldar Alisherov, "The EAEU sustains positive development dynamics in key economic sectors" Eldar Alisherov, Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission, was a keynote speaker at the round table "10 Years of the EAEU: On Challenges and Achievements" at the 4th Eurasian Economic Forum in Minsk on June 26. "Over the ten-year period, the Eurasian Economic Union, which was created as a universal instrument for combining and scaling up the competitive advantages of the closest states of the post-Soviet Eurasia, has proved its efficiency and succeeded as an international integration association with an effective institutional and legal framework in line with the best international practices," Eldar Alisherov said.  He emphasized that "amidst the instability of global markets and an unfavorable global political environment, the EAEU contributes to stabilizing the macroeconomic situation in the Union countries, sustains positive development dynamics in key industries and supports economic ties established in the EAEU". Notably, the EEC Minister analyzed the ten-year dynamics of the EAEU economic indicators, which is positive. Indeed, since the creation of the Union, the aggregate GDP of the EAEU (from 2015 to 2024) has grown by 17.8%, and by almost $1 trillion in absolute terms. Total GDP growth in 2023–2024 exceeded the global average, being in the range of 4.3–4.4%. Progress has been made in improving the general welfare of the population. At purchasing power parity, per capita GDP in the EAEU in 2023 increased to 41,200 dollars from 22,700 dollars in 2015. In 2024, mutual trade in goods of the Member States increased 2.1 times compared to 2015 and reached US$97.7 billion against US$45.6 billion. The foreign trade of the Union states with countries outside the EAEU has grown 1.4 times in 10 years and amounted to US$795 billion in 2024. Positive trends have been observed in all Member States. Eldar Alisherov dwelt separately on the achievements of the EAEU in creating common markets for goods, services, capital and labor, as well as on the future directions of the Union's development in accordance with the Declaration adopted by the Heads of State in 2023, which defines the vector of integration until 2030 and for the period until 2045, emphasizing the digitalization of economic processes, cooperation and unleashing the Union's technology potential, the establishment of a common transport and logistics space, the development of new integration areas with integration potential. The speaker also noted some bottlenecks in the integration interaction of the Member States, including a small share of mutual investments in total FDI in the EAEU (although for some countries these flows are significant, such as for Belarus and Kyrgyzstan), the lack of a stable long-term trend of income convergence in the Member States, as well as the fact that no institutional mechanisms have yet been created to facilitate convergence of the economies in terms of development. The parties continue to work in these areas. Information brochures on the social and economic development of the EAEU countries in the context of a decade of their participation in integration processes within the Union were also presented at the round table.
19 Jun 2025 Eldar Alisherov: "Our dialogue is designed to promote further growth of trade turnover between the EAEU countries and Myanmar" Priorities of trade and economic cooperation between the Eurasian Economic Union and Myanmar were discussed at a meeting of the joint working group on interaction between the Eurasian Economic Commission and the Government of the Republic of the Union of Myanmar. The meeting on the sidelines of the St. Petersburg International Economic Forum was co-chaired by Eldar Alisherov, EEC Minister in charge of Integration and Macroeconomics, and Kan Zaw, Myanmar Minister for Investment and External Economic Relations. The meeting participants addressed the issues of cooperation in trade, agriculture, competition policy and interaction of business circles. "Our dialogue on various aspects of the regulatory framework being developed within the EAEU is designed to promote the development of trade and economic ties between the Eurasian Five countries and Myanmar, as well as further growth of trade turnover, which has more than tripled since 2019," Eldar Alisherov stated. Among the key objectives of cooperation between the Commission and the Government of Myanmar identified by the EEC Minister at this stage are raising awareness of each other's trade and economic opportunities, as well as identifying bottlenecks in economic relations that need to be discussed within the working group. According to him, the high potential for cooperation between the parties "is predetermined by the Commission's active dialogue with the ASEAN region as a whole, as well as by the fact that Myanmar is essentially a 'bridge' between the EAEU and ASEAN, a trade 'crossroads' of major economies of Southeast Asia." In turn, Kang Zaw emphasized the importance of the dialogue with the EEC for boosting economic cooperation with all countries of the Union. In this regard, he highlighted a number of the most promising areas: digitalization, e-commerce, technology exchange in agriculture, and interaction within Myanmar's special economic zones. Myanmar Trade Minister Aung Naing Oo, Myanmar Agriculture, Livestock and Irrigation Minister Min Naung, and Aye Win, President of the Union of Myanmar Federation of Chambers of Commerce and Industry, addressed the meeting. The parties called on the entrepreneurs of the EAEU and Myanmar for closer cooperation, including the establishment of an official dialogue between the EAEU Business Council and the relevant Myanmar business association. The next meeting of the joint working group will take place in 2026. The Memorandum of Cooperation between the Eurasian Economic Commission and the Government of the Republic of the Union of Myanmar had been signed in 2023. 
19 Jun 2025 SPIEF 2025: EAEU – ASEAN business dialogue On June 19, within the business program of the 28th St. Petersburg International Economic Forum, the EAEU – ASEAN Business Dialogue was held, which was attended by Eldar Alisherov, Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission. "The EAEU – ASEAN Business Dialogue is an efficient platform for open and trustful communication between business representatives of our two integration associations, "comparing notes" on key areas of interaction and discussion of promising fields of cooperation," mentioned Eldar Alisherov. The EEC Minister stressed that it is important for businesses of the EAEU and ASEAN countries to make more active use of the digitalization possibilities, to create information platforms that allow potential partners to find each other, organize business missions and find new formats of cooperation. Good prospects for interaction between EAEU and ASEAN business circles are opened by sectoral dialogue. "The Commission and the ASEAN Secretariat have already taken practical steps. In 2025, a series of sectoral seminars in such areas as energy, agriculture, customs regulation, intellectual property, e-commerce, competition policy, transport has been launched," Eldar Alisherov told. The Head of the EEC Integration Unit noted that the positive dynamics of trade, economic and business cooperation between the countries of the two unions is facilitated by a solid institutional framework of their interaction.  "In the future, the EAEU and ASEAN could think about creating a separate EAEU – ASEAN dialogue mechanism. It could have a pronounced business component based on the fact that business is the main beneficiary of trade and economic cooperation," Eldar Alisherov noted. The business dialogue was attended by Ivan Polyakov, Chairman of the Russia–ASEAN Business Council (moderator); Musa Adnin, Managing Director of Adinin Group, Chairman of the ASEAN Business Advisory Council Brunei Darussalam; Kan Zaw, Minister of Investment and Foreign Economic Relations of the Republic of the Union of Myanmar; Saleumxay Kommasith, Deputy Prime Minister of the Lao People's Democratic Republic; Alexey Kulapin, General Director of the Russian Energy Agency (REA) of the Russian Ministry of Energy; Nazir Razak, Founder of Ikhlas Capital, Chairman of the ASEAN Business Advisory Council Malaysia; Vitaly Stepanov, Moscow Export Center CEO; Satwinder Singh, ASEAN Deputy Secretary-General. The EAEU – ASEAN Business Dialogue is organized by the Eurasian Economic Commission with the organizational support of the Roscongress Foundation and in coordination with the Russia – ASEAN Business Council. Since 2019, the event has been traditionally held as part of the business program of the St. Petersburg International Economic Forum. The Memorandum of Understanding between the EEC and ASEAN on economic cooperation was signed in 2018. A Cooperation Program for 2020–2025 was adopted to implement the Memorandum. The document covers such spheres as customs legislation and law enforcement practice, trade policy, business activities, technical and antitrust regulation, SPS measures, energy, functioning of internal markets, etc. Memoranda of cooperation or understanding and free trade area agreements have been concluded with most ASEAN countries: Cambodia, Indonesia, Thailand, Singapore, Myanmar, Vietnam and Indonesia.
EEC observes changed business activity dynamics in EAEU countries 30 May 2025 EEC observes changed business activity dynamics in EAEU countries The results of calculating sufficient and leading economic development indicators demonstrate a change in the business activity dynamics across the countries of the Eurasian Economic Union. According to the Eurasian Economic Commission, in June 2025, most economies of the integration association are expected to slow down, while the economy of Kazakhstan will move into an upturn phase in business activity. Currently, the economies of Kazakhstan and Russia remain in a slowdown phase, while Armenia, Belarus and Kyrgyzstan are experiencing an upturn in business activity.  The leading indicators are a forecasting tool used by the Eurasian Economic Commission to form an idea about the direction of the short-term business activity dynamics in the Eurasian Five countries. They accumulate the most important information about short-term processes unveiling the behavior of economic agents, as well as the main trends in the economy.
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14 Dec 2016 The interview of the Minister on the technical regulation of the EEC Valery Koreshkov with BELTA news agency on establishment of the common market of medicines in the Eurasian Economic Union Medicines is the first group of specific goods, with which the EAEU countries started to work closely by the beginning of the functioning of the common market. Using this experience, the EAEU will form other common markets - for finances, energy, oil and gas, and so on. The BELTA journalist discussed with the EEC Board Member - Minister in charge of technical regulation Valery Koreshkov, what stages are yet to be covered and how the common market of medicines will work.​
Minister in charge of energy and infrastructure of the Eurasian Economic Commission Adamkul Zhunusov answered questions of 09 Nov 2016 Minister in charge of energy and infrastructure of the Eurasian Economic Commission Adamkul Zhunusov answered questions of "RUSARMINFO" and shared his view on the level of integration of Armenia in the common energy market of the Eurasian Union ​​How do you estimate the level of integration of Armenia in the common energy market of he EAEU? And what are the objective possibilities of development? ​
Interview of Andrey Lipin, Deputy Director of the Department for Macroeconomic Policy of the EEC, to 04 Feb 2016 Interview of Andrey Lipin, Deputy Director of the Department for Macroeconomic Policy of the EEC, to "Vedomosti": "Integration: Running Without Barriers" Since January 2015, the integration processes between Belarus, Kazakhstan, Russia and Armenia, which joined during the year, and the Kyrgyz Republic have been regulated by the Treaty on the Eurasian Economic Union (EAEU) that aims at creating a single market for goods, services, capital and labor.
01 Dec 2015 Interview of the EEC Minister Danil Ibrayev to website Russianews.net: "We are protecting the interests of five states" Undoubtedly, Europe has heard of the Eurasian Economic Commission. But both the European Commission, and the Europeans themselves, cannot really imagine what it is, and in particular, whether it threatens the economic interests of the EU or whether it can become its partner. Is it the equivalent of the European Union, but it covers an even larger area, or the revival of the Soviet Union? We met with the Member of the Board of the Eurasian Economic Commission Danil Ibrayev to clarify these questions.
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