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Mikhail Myasnikovich: "The EAEU and the CIS can and should become a region of seamless transport connectivity in the Greater Eurasia"

Mikhail Myasnikovich: "The EAEU and the CIS can and should become a region of seamless transport connectivity in the Greater Eurasia"

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3/15/2021

The Eurasian Economic Union and the Commonwealth of Independent States should pay special attention to new mechanisms for the most beneficial economic interaction between the two associations. In particular, this entails the spheres of digitalization, use of transit potential and industrial cooperation. This was stated by Mikhail Myasnikovich, Chairman of the Board of the Eurasian Economic Commission, at the plenary session of the International Economic Forum "30 Years CIS" held on March 12.

"The EAEU and the CIS can and should become a region of seamless transport connectivity in the Greater Eurasia. In this respect, coordinated efforts both at the state and commercial level to create a modern transport and auxiliary infrastructure, synchronize national commodity distribution networks, apply state-of-the-art digital solutions and harmonize approaches to administration should be the key," Mikhail Myasnikovich said.

According to the Chairman of the EEC Board, the Commission is now actively addressing the initiative put forward by the Republic of Kazakhstan to create a network of wholesale and distribution centers within the EAEU.

Mikhail Myasnikovich has also stressed that Uzbekistan as the EAEU Observer State participating in the CIS is already coming up with specific transport projects to be implemented jointly with the Eurasian Union.

The Head of the EEC Board has informed on how the digital agenda is being implemented in the EAEU. Updated target architecture of the integrated information system is being prepared, common processes are being implemented, and an ecosystem of digital transport corridors is being formed. A unified search system "Work Without Borders" has been created within the digital agenda as well. The EEC has recently started addressing the issue of its application in the CIS Participating States not being the EAEU members as an interstate search resource in the field of job placement and employment. Mikhail Myasnikovich has suggested to also seek common ground on other relevant digital matters.

Industrial cooperation is a significant area. Today, 17,000 joint ventures operate in the EAEU countries, but many objectives in this sphere have yet to be achieved. "For our trade to be efficient, we should have something to trade with. The products should be of appropriate quality. In this regard, pride of place should be given to increasing the share of manufacturing industry, raising labor productivity and encouraging the growth of investment in fixed assets," Mikhail Myasnikovich stressed.

The EEC has formed the EAEU industrialization map based on the sides’ proposals. The document includes 185 major investment and significant projects with an estimated cost of more than 300 bln US dollars in 21 sub-sectors and more than 550 technological areas whereby the EAEU needs import substitution. These are essentially integration projects. In this regard, Mikhail Myasnikovich proposed to involve partners from the CIS participating countries in this work.

The Chairman of the EEC Board has also noted that further strengthening of positive integration cooperation is a precondition to efficient economic recovery in the post-crisis era and further steady economic development.​