Tuesday, August 29 2017 12:25
Naira Badalian

The Faroe Islands are in favor of establishing closer cooperation ties with the EEU

ArmInfo. The opportunities for intensifying trade and economic cooperation between the member states of the Eurasian Economic Union (EEU) and the Faroe Islands were discussed by Fyodor Chernitsyn, assistant to the member of the College of Integration and Macroeconomics of the Eurasian Economic Commission (EEC), and Bjorn Kunoy, head of the Faroe Islands in the Russian Federation, Apartment on 28 August. According to the press service of the EEC, Fedor Chernitsyn reported on the international work of the Commission, on the available opportunities and formats for cooperation with the EEMP and for establishing direct cooperative relations with the Commission as a single supranational regulatory body of the Union. Bjorn Kuno supported the conclusion of a memorandum of understanding between the EEC and the Government of the Faroe Islands with a view to creating a platform for dialogue between officials and business of the EAPC countries and the Faroe Islands on the development of mutually beneficial trade and economic ties.

The Assistant Minister of the ECE shared the accumulated positive experience of the Commission's work with foreign countries in the format of joint working groups co-chaired by Tatyana Valova, a member of the College (Minister) for Integration and Macroeconomics. "The conclusion of a framework memorandum of understanding can be the optimal first step for institutionalizing the cooperation of the Union with the Faroes. Such a document, on the one hand, will not be an international treaty and will not impose additional obligations on anyone, but on the other hand, it will lay the foundation for a formal dialogue on the broad economic agenda in the format of the Faroe Islands-EEU, "Fedor Chernitsyn said. The head of the representative office of the Faroe Islands in Russia thanked for the warm welcome at the EEC headquarters, the openness and constructiveness of the Commission towards external partners, and spoke in favor of establishing closer cooperation ties between his country and the EEA in the near future.

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