Friday, May 21 2021 17:50
Naira Badalian

Putin: Despite difficulties caused by pandemic, trade turnover  between EAEU member states in January- March 2021 increased by 17% 

Putin: Despite difficulties caused by pandemic, trade turnover  between EAEU member states in January- March 2021 increased by 17% 

ArmInfo.Russian leader Vladimir Putin on May 21 at a meeting of the Supreme Eurasian Economic Council (SEEC) called for a prompt response to changes in prices for important goods.

According to the head of the Russian Federation, now, against the  background of an unstable world market situation, the problems  associated with sharp fluctuations in prices for socially significant  products are aggravated. "We have specific decisions on this issue.  In particular, not so long ago the Eurasian Commission adopted  specific decisions aimed at consolidating the pricing policy of the  Eurasian Economic Community states in the sugar market. Measures  should be taken equally promptly on other types of products, when  required,"  Putin said.

At the meeting of the SEEC, the Russian leader called for a further  increase in the number of preferential agreements with the largest  trade partners of the Union. He recalled that such documents have  already been signed between the EAEU and Vietnam, Serbia, Iran,  Singapore. "We consider it important to intensify negotiations on  similar documents with Israel, and here Alexander Grigorievich  (Lukashenko, President of Belarus) proposed with Egypt, we also  support this, rather start the negotiation process with our major  partner India, carefully study the expediency of concluding a free  trade agreement with another big country Indonesia, with our neighbor  Mongolia, "the Russian leader emphasized.

Vladimir Putin touched upon the linking of integration processes in  the EurAsEC with the "One Belt - One Road" initiative being  implemented by China. "I agree with my colleagues: a step towards  this was the conclusion of an Agreement on trade and economic  cooperation between the Eurasian Union and the PRC.  We should, of  course, move on. But this document is already being consistently  implemented, thereby creating a good basis for the practical  implementation of the proposed idea of forming a large Eurasian  partnership in the security, economic and humanitarian sectors, "he  said.

In general, the head of the Russian Federation expressed his  satisfaction with the development of interaction in the EAEU. "The  main thing is that it brings real economic benefits, which are felt  by the population of our countries," Putin said. As a confirmation,  the President mentioned the growth of trade turnover. According to  him, "this is a very good sign that the EAEU is acting in the right  direction, efforts are yielding concrete results." So, despite the  difficulties caused by the pandemic, the trade turnover between the  states of the Eurasian Economic Union in the first quarter of 2021  increased by 17% compared to the same period last year.