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Outcomes of working meeting of Supreme Eurasian Economic Council

Outcomes of working meeting of Supreme Eurasian Economic Council

4/14/2020

A working meeting of the SEEC Members was held on April 14 at the initiative of Chairman of the Supreme Eurasian Economic Council, President of the Republic of Belarus Alexander Lukashenko. Leaders of the Union countries discussed, via conferencing, joint actions to prevent spreading the coronavirus infection and maintain economic stability in the EAEU.

Alexander Lukashenko suggested to discuss ensuring the stability and peace in society, preventing dismantlement of the EAEU fundamentals due to the foremost desire to protect only themselves. "If we fail to combine our forces, then tomorrow we will restore our severed economic ties and this will take a lot of time, money and labor," the President of Belarus is convinced.

First of all he noted the importance of keeping transit traffic in the Eurasian Economic Union. "We carry out transit through Belarus in the EAEU interests. We check all those entering and transiting through Belarus and to Belarus at the border with the European Union," Alexander Lukashenko stated. "I think we should navigate this situation within the scope of reasonable sufficiency. It seems to me that the transport corridor between the countries should be maintained not only in Belarus. It would be appropriate to define this corridor through Russia to Kazakhstan, Armenia, Kyrgyzstan and so on".

Prime Minister of the Republic of Armenia Nikol Pashinyan stressed that the situation with the coronavirus pandemic was a test for the EAEU. "The readiness of our countries for cooperation and mutual support expressed during these days indicates that the integration has taken place and has a great potential for development," Nikol Pashinyan said.

Prime Minister of Armenia expressed confidence that the EAEU would not only withstand the test of the global economic crisis, but also be able to get out of it with minimum losses thanks to its institutions.

President of the Republic of Kazakhstan Kassym-Jomart Tokayev stated that, in addition to responding to the current situation, it is required to think about medium and long term measures, drawing lessons from the crisis.

"There is no doubt that the crisis will significantly change the global landscape of value chains. We can start creating regional value chains based on the competitive advantages of our economies. The EAEU long-term stability depends directly on the stability of trade processes. Trade in goods is currently the main of the four freedoms,"
 the President of Kazakhstan stressed.

President of the Kyrgyz Republic Sooronbay Jeenbekov noted, in turn, that a great many of citizens of the EAEU countries found themselves in the crosshairs amid the pandemic. He proposed to adopt a single mechanism for their social and medical support in these hard times.

The Union has every possibility of providing the population of our countries with basic food products. There should be no restrictions within the EAEU on mutual trade in socially important goods,” Sooronbay Jeenbekov believes.

President of the Russian Federation Vladimir Putin stressed that the coronavirus pandemic had a negative impact on all aspects of life and extraordinary measures were required to stop the spread of the infection.

"The only way to effectively counter the pandemic is through joint efforts of the global community. These are the collective approaches that Russia promotes at all multilateral organisations: the UN, the G20 and the CIS. And, of course, we believe that close cooperation between the EAEU States is much-needed," the Russian President noted.

Vladimir Putin proposed, considering the experience gained during the pandemic, to strengthen the provisions of the draft Strategic Directions for Developing the Eurasian Economic Integration until 2025, which relate to cooperation in healthcare in order to act more quickly and smoothly in case such a  situation happens again.

Chairman of the EEC Board Mikhail Myasnikovich informed the Heads of State about measures taken within the EAEU aimed at ensuring economic stability amid the pandemic. In particular, he told about a set of urgent anti-crisis stabilization measures and measures to restore and further develop the economies of the EAEU countries which were approved by the Intergovernmental Council.

"Where do we see reserves? They are, certainly, in implementing the agreements being reached by our countries. We should minimize the restrictions in mutual trade and deepen confidence," Mikhail Myasnikovich is convinced.

Following the discussion, the Heads of EAEU States adopted a
Joint Statement on the COVID-19 Pandemic.​