Export credit agencies of the EEU member countries signed a memorandum of cooperation

ArmInfo. On August 24, within the framework of the International Exhibition Forum "Eurasian Week", which is being held in Astana, the export-credit agencies (ECA) of the countries of the Eurasian Economic Union signed a Memorandum of Cooperation.

According to the press service of the RA Ministry of Economic Development and Investment, the memorandum was signed by the Executive Director of the Export Insurance Agency of Armenia Armen Shahnazaryan, the chairman of the board of the JSC <Export  insurance Company <KazakhExport> Ruslan Iskakov, the managing director for client work and underwriting of JSC Eksar Nikita Gusakov ( Russia), General Director of the Belarusian Republican Unitary Enterprise of Export-Import Insurance "Beleximgarant" Gennady Gritskevich. According to the source, with the signing of the memorandum, the parties will create an effective system for organizing a regular exchange of experience and information in the field of insurance of export credits and investments, as well as on export projects, within which potentially joint support can be provided.  Cooperation is also envisaged in the framework of cooperation projects that envisage the export of goods, works and services produced in the EEU to third countries or within the Union. There will be joint proposals for improving the domestic legislation of the EEU countries.

<By signing the memorandum, the two sides expressed their willingness to work together to promote economic development and export promotion as a separately in each state EEU, and in general throughout the territory of the Union", said A. Shahnazaryan.

The signing ceremony of the memorandum was held in the presence of Deputy Prime Minister, Minister of international economic integration and Vache Gabrielyan reform, the President of the Board of the Eurasian Economic Commission Tigran Sargsyan and member of the Board on Trade (Minister) for the EEC Veronica Nikishina.

<The memorandum is intended to lay the groundwork for the formation of the regulatory framework of interaction between agencies and consolidate the key parameters and principles on which to build further multilateral cooperation. In addition, the document provides for the creation of a separate platform for cooperation between EEU," the official statement said. The forum <Eurasian Week> was attended by Deputy Minister of Economic Development and Investment RA Emil Tarasyan and Hovhannes Azizyan.  The forum participants discussed the role of export-insurance agencies in the Eurasian space, development of investment opportunities of the EEU member countries, and further perspectives.