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Goar Barseghyan presented EAEU integration agenda at Russia-India-EAEU Congress

Goar Barseghyan presented EAEU integration agenda at Russia-India-EAEU Congress

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3/17/2021

Goar Barseghyan, Director of Integration Development Department, represented the Eurasian Economic Commission at the plenary session of the Russia-India-EAEU Congress held on March 16-17 via videoconferencing. She has noted that the Republic of India is one of the key partners of the Eurasian Economic Union on the Eurasian continent, all the Union Member States being involved in trade with it.

"The major share of the EAEU countries’ trade turnover with India is accounted for by the Russian Federation – 74.6% (9.26 bln US dollars). But I would like to mention significant shares of other Union States as well. For instance, the Republic of Kazakhstan accounts for 19.1% (2.37 bln US dollars), the Republic of Belarus – 4.7% (575.83 mln US dollars), the Republic of Armenia – 1.3% (160.74 mln US dollars), and the Kyrgyz Republic – 0.3% (46.47 mln US dollars)," the Director of Integration Development Department clarified.

Given the fact that the event was attended by representatives of the Indian business community interested in intensifying the dialogue with the EAEU countries, Goar Barseghyan made special mention of the formats of interaction between the EEC and foreign partners through the business circles.

"It is already possible to use the infrastructure created within the EAEU. It is available to both representatives of the Union States’ business circles and foreign partners, including the Republic of India," the Commission's representative said.

Goar Barseghyan has informed the Indian colleagues about key goals and provisions of the Strategic Directions for Developing the Eurasian Economic Integration until 2025, noting that the negotiations with India on creating a free trade area were singled out in a separate paragraph, which once again underlines the importance of the Republic of India as the EAEU trade partner.

A number of thematic sessions involving the EEC representatives are scheduled within the Russia-India-EAEU Congress. They will be devoted to such topics as biotechnology, pharmaceuticals and healthcare, infrastructure, small and medium-sized enterprises, logistics and supply chains, trade, investment opportunities as well as startups and new technologies.

For reference

The Russia-India-EAEU Congress was organized by the Russian Business Council for Cooperation with India, the Ministry of Foreign Affairs of the Republic of India and the Confederation of Indian Industry.

The plenary session was attended by Shri V. Muraleedharan, Minister of State for External Affairs of the Republic of India, Nikolay Kudashev, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of India, Sergey Cheremin, Minister of the Moscow City Government and Chairman of the Board of the Business Council for Cooperation with India, Vladimir Padalko, Vice-President of the Russian Chamber of Commerce and Industry, and others.