Friday, October 21 2022 12:39
Alina Hovhannisyan

Armenian Prime Minister notes positive trends in mutual trade in EAEU  market

Armenian Prime Minister notes positive trends in mutual trade in EAEU  market

ArmInfo. Today, Prime Minister of Armenia Nikol Pashinyan participated in the extended  session of the Eurasian Intergovernmental Council held in Yerevan.

As the press service of the head of Armenian government reports, the  Prime Minister gave a speech, in which he particularly said:

"I am sincerely happy for the opportunity to greet you in Yerevan  within the framework of the regular session of the Eurasian  Intergovernmental Council.  Taking this opportunity, I would like to  thank our Kyrgyz colleagues for their successful presidency in the  Union and efforts towards the development of today's agenda, and wish  all of us constructive and fruitful work.

I also welcome the Prime Minister of the Republic of Uzbekistan,  Abdulla Nigmatovich Aripov, and once again confirm our readiness to  develop cooperation with observer states by implementing joint  programs.

Continuing the discussions we had yesterday on the key issues of the  agenda in the narrow format, I would like to draw your attention to a  number of topical issues.

Despite the political tension and the difficult socio-economic  situation in the world, the Union consistently implements the  integration agenda, deepening the cooperation between our countries.   In the face of new and continuing global challenges, in the current  year we can confidently record the presence of positive results and  trends in the field of mutual trade.

We have achieved serious success in the process of accomplishment of  the EAEU. A capacious common market has been created, the indicators  of mutual trade have noticeably increased.  Armenia's trade turnover  with EAEU countries in January-August of this year reached about 2.8  billion USD and increased by 74 percent compared to the same period  last year. Moreover, the export from Armenia doubled, and the import  grew by 58 percent.

At the same time, with all the opportunities provided by the EAEU  common market, we also maintain the specificities and requirements of  national legislations and, if necessary, in response to new  challenges, apply protective measures for our domestic markets.

At the same time, on the way to ensuring the key idea and principle  of integration - the full realization of the 4 freedoms in the  territory of the EAEU, we are consistently and purposefully moving  forward in the direction of eliminating barriers.

In modern realities, the elimination of obstacles is a condition for  the stability of the internal market, which does not lose its  relevance. This is a continuous process, the efficiency and  effectiveness of which in many ways depend on the regulated work of  the member states and bodies of the Union, as well as the willingness  to find compromise solutions.

I think it will not be superfluous to mention once again that the  industrial sector is one of the main sectors of the economic system  of the Union.

In the conditions of modern economic challenges, industrial  cooperative and the development of joint productions, including in  the high-tech sector, will allow our countries to be more  competitive.  The development of agreed policies and mechanisms for  financing joint cooperative projects aimed at import substitution  will become one of the main conditions for the creation of a fully  unified market for our own products.

I am sure that the use of the potential of financial institutions and  joint efforts in the near future will allow a practical transition to  the production of goods demanded in the Union.

I consider the field of e-commerce to be another important and  up-to-date direction, the share of which is constantly growing,  because the development of digital platforms in the modern world is  an inevitable and constant process. Accordingly, effective fiscal  regulation in the field of e-commerce is becoming more and more  relevant for us.

In this context, I consider it necessary to adopt the regulations as  soon as possible and then discuss the issues that have not been  agreed upon in order to form a reliable regulatory system based on  the principles of taxation in the country of destination.

Within the framework of the development of the EAEU integrated  information system, we stand in favor of modern solutions for the  development of information systems and are ready to be actively  involved in these processes.

I am sure that the implementation of consistent steps in the IT  sector, which are planned by the target program for the development  of the Union's integrated information system until 2027, will serve  as a strategic basis for achieving extremely high demand digital  solutions.

As for the formation of common branch markets of the Eurasian  Economic Union in the energy sector, it becomes not only a matter of  fulfilling the provisions of the EAEU Treaty, but also a necessary  condition for the realization of the potential of economic  integration and the resource platform for the full development of the  industry.

In this context, we are ready for a constructive dialogue based on  consideration of the interests of all member states of the Union and  based on mutual understanding, towards the regulation of some  provisions of the draft international agreement on the formation of  the common gas market, the implementation of which will allow the  member states to fully enjoy the advantages of the common gas market.   Otherwise, the EAEU member states will not be able to use the  potential of the common gas market before the bilateral agreements  are expired. Of course, this is a very sensitive topic, and we all  need to understand the scope of the price horizon, at least in the  medium term.  Dear participants of the session, Today, the issues of  greenhouse gas reduction or carbon neutrality have firmly entered not  only environmental, but also economic and commercial agendas,  dictating the need to rethink the entire model of economic  development and accelerate steps towards a more sustainable and  low-carbon economy.  From the point of view of transitioning from the  declaratory path to a more practical one, I would like to note with  satisfaction the approval of the first package of the cooperation  road map of EAEU member states within the framework of the climate  agenda.

As a contribution to global efforts to mitigate the effects of  climate change, we voluntarily implement a range of emission  reduction measures under the provisions of the Paris Agreement.

In conclusion, I would like to reaffirm the readiness of the Armenian  side to actively cooperate with all member states of the Union for  the benefit of promoting Eurasian integration.  I am confident that  the decisions taken today will contribute to both the further  development of Eurasian integration and the improvement of the  well-being of our citizens, as well as the implementation of the  agreements reached.

Considering that today's session of the Intergovernmental Council is  the concluding session of this year, I express my gratitude for the  coordinated and consistent work and effective cooperation in 2022.   Thank you for attention, I pass the floor to the Chairman of the  Eurasian Intergovernmental Council Akylbek Usenbekovich Japarov to  conduct the session in an extended format."