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Mikhail Myasnikovich, Chairman of EEC Board, held meeting with Botirjon Asadov, Ambassador Extraordinary and Plenipotentiary of Republic of Uzbekistan to Russian Federation

Mikhail Myasnikovich, Chairman of EEC Board, held meeting with Botirjon Asadov, Ambassador Extraordinary and Plenipotentiary of Republic of Uzbekistan to Russian Federation

12/17/2020

Mikhail Myasnikovich, Chairman of the Board of the Eurasian Economic Commission, and Botirjon Asadov, Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to the Russian Federation, discussed further steps to develop cooperation and action plan amid granting the Republic of Uzbekistan the Observer State status at the Eurasian Economic Union on December 17 at the EEC’s headquarters in Moscow.

Mikhail Myasnikovich has congratulated the Ambassador of Uzbekistan on gaining the Observer State status at the EAEU. This decision was adopted by the Heads of the Union Member States at a meeting of the Supreme Eurasian Economic Council held on December 11.

The Chairman of the EEC Board has noted the importance of establishing cooperative supplies and developing trade turnover. "In 2016-2019, the EAEU countries’ trade turnover with Uzbekistan increased by three times. This year it has increased by 4.9%. I believe we should continue moving in this direction," Mikhail Myasnikovich stated.

"Uzbekistan keeps track of the Eurasian Economic Union’s activities and the Eurasian integration development with great interest and we sincerely hope that Uzbekistan's gaining the Observer State status at the EAEU will enable moving to a new level of dialogue and cooperation, all that is lacking is to work," stressed Botirjon Asadov for his part.

The sides have also agreed to draft a joint memorandum of cooperation, which will provide a basis for substantive interaction on issues of mutual interest.

For reference

The Observer State status at the Union is contemplated by the Treaty on the EAEU. In 2018, this status was granted to the Republic of Moldova and it was granted to the Republic of Cuba within the Supreme Eurasian Economic Council’s meeting held on December 11.

 The Observer State may send its representative authorized to interact with the EEC on a regular basis to the place of stay of the Eurasian Economic Commission, including to participate, by invitation, in meetings of the EEC Council and the Board.

 It is also possible for the Head of State and Government of the Observer State to attend, by invitation, meetings of the Supreme Council and the Eurasian Intergovernmental Council.

 The State being granted the Observer status is obliged to refrain from any actions that may prejudice interests of the Union and its Member States as well as objectives of the Treaty on the EAEU.

Uzbekistan is actively expanding trade and economic cooperation with the EAEU countries. For example, the total trade turnover of Uzbekistan with the Member States increased by 2 times from 4.5 bln dollars to 9.1 bln dollars in 2016-2019. Nowadays, the EAEU share in Uzbekistan's foreign trade amounts to 30% and the volume of agricultural export exceeds 75%.

The foreign trade turnover of Uzbekistan is 22.9 bln dollars, including export amounting to 11.5 bln dollars (of which about 20% is accounted for by the EAEU countries) and import amounting to 11.4 bln dollars (about 55% from the EAEU countries).​