ArmInfo. On February 29, the 7th meeting of the Advisory Committee for Macroeconomic Policy under the Eurasian Economic Commission (EEC) Board considered the Commission's proposals on the regional mechanisms aimed at ensuring macroeconomic stability. The meeting was presided over by Tatyana Valovaya, Member of the EEC Board - Minister in charge of the Development of Integration and Macroeconomics.
To enhance the stability of the EEU member states' economies amid the hard economic situation, the participants discussed issues related to promotion of cooperation in the macroeconomic and monetary- financial policy, short-term and mid-term tasks, as well as the most topical problems and possible solutions.
The Advisory Committee's members from the new member states of the Eurasian Economic Union (EEU) - Armenia and Kyrgyzstan - also took part in the meeting.
The Commission's short-term tasks include a number of surveys and elaboration of criteria that will make it possible to more correctly take into account both quantitative and qualitative integration effects. This will contribute to formation of an improved assessment system for the EEU integration indicators.
"At the moment of signing of the EEU Treaty last year, we had to state that the mutual trade indices are the key factor demonstrating the integration effects. Today it is an incorrect - if not lopsided - approach. An improved system is needed to take into account other criteria as well," Valovaya said.
The next meeting of the Advisory Committee will be held in October 2016.
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