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EEC and Russian Ministry of Industry and Trade discussed six-year operating outcomes of the EAEU industrial unit

EEC and Russian Ministry of Industry and Trade discussed six-year operating outcomes of the EAEU industrial unit

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7/11/2018

The Eurasian Economic Commission (EEC) has developed approaches to the implementation of a coherent industrial policy in the Eurasian Economic Union (EAEU) that were supported by the "five" countries and included in the Treaty on the EAEU. This made it possible to achieve significant practical outcomes of the integration work of the Eurasian Economic Commission’s  industrial unit in a number of directions. This was stated by Sergey Sidorskiy, Member of the Board - Minister in charge of Industry and Agriculture of the EEC during a working meeting at the Ministry of Industry and Trade of the Russian Federation on operating outcomes of the EAEU industrial unit for the period 2012-2018.

Sergey Sidorskiy took part in the event at the invitation of Russian Industry and Trade Minister Denis Manturov.
Thus, in the production of passenger cars, all barriers for free circulation of cars manufactured in the EAEU countries in the industrial assembly mode have been eliminated.

Conditions have been created for admission of industrial products of the Member States to projects within the framework of import substitution programs in Russia. Manufacturers of the EAEU participate in 62 specific import-substituting projects in 17 industries.

The industrial and innovative infrastructure of the Union has been formed. Some 13 Eurasian innovative technological platforms and competence centers have been created and are successfully operating uniting more than 400 leading national scientific and industrial organizations of the Eurasian Economic Union.

With a view to finance the investors of the EAEU countries and to implement investment projects and industrial cooperation with the Eurasian Development Bank, documents have been signed on building systematic work between the EEC and the EADB.

During the meeting, the key importance of industrial cooperation in the EAEU for the integration processes in the Eurasian space was noted. The ministers concurred with the view that real sector is the central element of the economic integration of the Union countries, around which processes of coordination of other sectors of the economy – a single trade, customs and financial space – are being built.

According to the participants of the event, it is merely integration in the real sector that made it possible for the EAEU States to enter a new trajectory of economic growth, to become its main driver in recent years. For the first time in the Post-Soviet space, industrial policy has been singled out as one of the important elements of interaction between the parties.

In accordance with the Treaty on the EAEU, in 2015 the Commission developed a system document – the Main Directions of Industrial Cooperation. It outlines the strategic vision for the development of the industrial complex of the EAEU for the mid-term.

Within the framework of the Main Directions, the Commission's objective is to deepen industrial cooperation in priority sectors, to eliminate barriers in mutual trade, to develop import substitution, to introduce innovations, and to create new high-tech industries.

In the follow-up of this fundamental document, the parties adopted and are implementing over one hundred integration-oriented regulatory acts affecting both the basic industries, such as automobile and agricultural machinery, machine tools, light industry, ferrous and non-ferrous metallurgy, and the innovative industries with the participation of industry-specific and central institutes and academic higher education institutions.

At the end of the meeting, the Minister of Industry and Trade of the Russian Federation awarded Sergey Sidorskiy the honorary title of "Honorary Mechanical Engineer" and presented him the corresponding decoration, noting his many years of conscientious work and the EEC Minister’s great contribution to the development of industrial cooperation in the EAEU, creation of new machinery and strengthening of cooperative ties.

This is the second award of the Russian Federation to the EEC Minister. Earlier, the Chairman of the Union of Machine Builders of Russia, the CEO of State Corporation “ROSTEC” Sergei Chemezov, awarded Sergey Sidorskiy the medal "For Valorous Labor".