The speech by Timur Zhaksylykov, Minister in charge of Economy and
Financial Policy of the Eurasian Economic Commission, at the "G — Global. World
of the 21st Century" International Congress (Astana Economic Forum) was
devoted to forming the Eurasian Economic Union's common financial market and
exchange space as well as expanding the use of digital financial technologies.
According to the EEC Minister, regional integration is becoming a real
factor in sustainable development in the context of global crisis.
"Enhancing economic cooperation, implementing joint projects, attracting
investments in the real sector can become an impetus for restoring the
countries' industrial growth and increasing their competitiveness," he
stressed.
At the same time, it is becoming increasingly urgent to intensify the
activities of joint development institutions, such as the Eurasian Development
Bank, the Eurasian Fund for Stabilization and Development, and the Interstate
Bank of the CIS.
Timur Zhaksylykov has pointed out that forming a common financial market is
among the priorities of the EAEU countries' integration interaction, while its
key direction is shaping a common exchange space, which will significantly
expand the EAEU States' mutual trade and investment cooperation.
Besides,
according to Timur Zhaksylykov, implementing the digital agenda and launching
breakthrough digital projects in the EAEU will enable the Member States to
achieve significant economic results. "Modern digital technologies used
in the product traceability and marking system across the EAEU allow
aggregating data at all levels and tracking the products movement throughout
the supply chain from production site to the consumer as well as suppressing
attempts at illegal import and circulation," Timur Zhaksylykov
concluded.