Friday, November 19 2021 14:10

Pashinyan: Armenia registered stable growth rates of trade with the  EEU countries

Pashinyan: Armenia registered stable growth rates of trade with the  EEU countries

ArmInfo.In 2021, Armenia has already registered stable growth rates of trade and cooperation with the EEU countries, Prime Minister of Armenia Nikol Pashinyan said on November 19 at a meeting of the EAEU Intergovernmental Council in an expanded  format in Yerevan.

As reported by the press service of the RA Prime Minister, Pashinyan,  in particular, noted:  " The numbers speak for themselves: Armenia's  foreign trade turnover with the EEU countries in January-September  2021, compared to the same period in 2020, has increased by 12.8%.   The volume of exports from Armenia to the EEU countries in the first  nine months of this year increased by 27.8%. I am glad to state that  the growth is registered for all EEU partners. Exports to the Russian  Federation increased by 27.4%, to Belarus - by 19.2%, to Kazakhstan -  by 89.5%, to Kyrgyzstan - by 48.0%.

This testifies not only to the development of trade cooperation  within the EEU, but also to the existence of new opportunities, which  have been launched in the conditions of global structural changes in  the world economy.

Thus, the expansion of e-commerce opportunities is a qualitatively  new mechanism to support small and medium-sized businesses, which may  and should contribute to the increase of trade turnover between the  countries of the Union.

At the same time, the growth of transborder e-commerce poses new  challenges for us and requires effective solutions to ensure the  security of goods, the protection of consumer rights, as well as the  integrity of tax and customs revenues.

In the context of digital transformation, it's also necessary to  consider the completion of the complex and long process of agreeing  on the draft Agreement on the use of navigation seals for cargo  transportation in the EEU. In this regard, I would like to mention  the work of the sectoral departments of the EEU member states in the  process of testing and coordination at the national level.

The application of the provisions of the agreement will enable the  transition to digital control of cargo transportation, reduce the  time and financial costs of the participants of the transport-  logistics process, optimize the customs procedures, without reducing  their efficiency.  I would also like to emphasize the importance of  the Agreement on the procedure for the exchange of data included in  credit histories within the EEU. The signing of the agreement will  create conditions for the development of trans-border lending in the  EEU common financial market, as well as will allow the citizens of  the Union to receive loans in the territory of all the five  countries.

In conclusion, I would like to once again welcome all of you in  Armenia. Congratulations to the Prime Minister of Uzbekistan, who has  joined us online. Taking into account that this is the last sitting  of the Intergovernmental Council this year, I would also like to  thank everyone for their active cooperation and intensive work in  2021," the Prime Minister of Armenia concluded.  

According to the source, a number of agenda issues were discussed at  the sitting of the Eurasian Intergovernmental Council. In particular,  issues related to the situation over mutual trade, the development of  the agro-industrial complex, the program of measures for the supply  of raw materials to the metallurgical enterprises of the EEU  countries for the period of 2021-2024, the approximation of the  positions of the Union states on the climate agenda were raised. The  Agreement on the use of navigation seals to track shipments in the  EEU, the draft EEU Biosafety Strategy, issues on the e-commerce  development and other issues on the agenda were discussed.  Documents  were signed based on the results of the sitting.  It was decided to  hold the next sitting of the EEU Intergovernmental Council in January  2022, in Almaty.


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