Tuesday, December 4 2018 18:33

ArmInfo.The board of the Eurasian Economic Commission (EEC) addressed issues in the areas of integration, trade, industry, agriculture, competition and antitrust  regulation, the functioning of the internal market.

According to the press service of the EEC, the Collegium approved the  Report on the results of monitoring the industrial products market  within the EAEU. The results of the monitoring of the industrial  products market of the countries of the Eurasian Economic Union  (EAEU) indicate that after a significant reduction in 2015-2016 last  year, volumes began to grow in value (by 19.2%) and physical (by  7.5%) terms. The EEC Board approved the report at a meeting on  December 3.

Industrial production in the Union as a whole increased by 2.7%, and  in most countries the growth was much more significant: in Armenia -  by 12.6%, Belarus - by 6.1%, Kazakhstan - by 7.1%, Kyrgyzstan - by  11.5%. In Russia, industrial production grew by 2.1%.

As part of the monitoring, an analysis of the structure of the  Union's industrial products market was carried out with in-depth  detailing at the level of six-digit commodity items of the Commodity  nomenclature of foreign economic activity. This made it possible to  identify commodity items with growing and declining imports, as well  as to identify products that have the potential for the development  of industrial cooperation between member states and the organization  of import-substituting industries.

Cooperative supplies occupy almost half of the mutual trade turnover  between the states of the Union. At the highest rates, they developed  mainly in those sectors that have been identified by the EAEU  countries as priorities and for which practical work has already  begun with the participation of the Commission.

The highest growth rates of mutual cooperative supplies were recorded  in transport engineering (by 98%), metallurgy (by 45%), automotive  (by 44.8%), clothing (by 38.2%), metal products (by 36.7 %),  furniture industry (by 36.5%), production of machinery and equipment  (by 27%).

The approved report will be sent to the governments of the Union  countries for use in carrying out activities for the further  development of Eurasian integration.

The ECE Board approved a number of documents in the field of  statistics. Including the list of statistical indicators of official  statistical information provided to the Commission by the authorized  bodies of the EAEU countries, as well as the formats for providing  such information.

In 2019, the Commission plans to collect statistical information on  238 formats (in 2018 there were 232 formats). Changes in the list and  formats relate to economic, socio-demographic and financial  statistics.  The Statistical Work Program of the Eurasian Economic  Commission for 2019 has been approved. The document determines their  list, frequency and deadlines, as well as the level of detail of the  data. Next year, statistical work will be carried out by the EEC  Department of Statistics in the form of express information,  analytical reviews, statistical tables, reports, bulletins and  collections.