Friday, February 3 2023 14:53
Naira Badalian

In Jany-Nov 2022, trade turnover between Armenia and EAEU states  increased by more than 90% - Pashinyan

In Jany-Nov 2022, trade turnover between Armenia and EAEU states  increased by more than 90% - Pashinyan

ArmInfo.RA Prime Minister Nikol Pashinyan took part in the extended-format session of the Eurasian Intergovernmental Council in Almaty. The event was attended by the  Heads of Government of EAEU countries, as well as the prime minister  of Uzbekistan and the diplomatic representative of Cuba in the Union.

As the press service of the RA PM reports, at the session, Prime  Minister Pashinyan made a speech, in which he specifically noted:   "Dear Heads of Government, Dear members of delegations, I am pleased  to welcome the participants and guests of this year's first session  of the Eurasian Intergovernmental Council.  Let me start my speech  with words of gratitude to Alikhan Smailov for the invitation and for  organizing today's meeting at a high level.  Taking this opportunity,  I want to wish the presiding party and personally to Mikhail  Mishustin fruitful work and success in the implementation of the  priority directions outlined by the Russian presidency.  I sincerely  welcome the Prime Minister of the Republic of Uzbekistan Abdulla  Aripov and the honorable representative of Cuba, confirm my readiness  to develop effective cooperation with the observer states.  

Before moving on to the issues of today's agenda, I would like to  note that despite the geopolitical tension, mutual trade in the Union  continues to demonstrate positive dynamics. The trade turnover  between Armenia and the EAEU states in January-November 2022  increased by more than 90% compared to the same period of 2021 and  amounted to 4.6 billion US dollars. At the same time, import by  country of origin of goods increased by more than 50%.  Dear  colleagues, For the further development of the Union, we need to  continue systematic and consistent work based on a solid foundation  of internal capacities and resources aimed at ensuring economic  development, increasing the competitiveness of national economies and  the well-being of our citizens.  To achieve these goals, it is  important to create favorable conditions for business, to work on  eliminating barriers, to increase cooperation in the field of  entrepreneurship.  Of course, measures aimed at supporting producers  at all stages of production still have a decisive role.  In this  context, I would like to note the importance of speedy development  and adoption of legal acts aimed at introducing mechanisms for  financial support of industrial cooperative projects with integration  potential.  The development of this direction, according to our  estimates, will allow industrialists to concentrate their efforts on  their own production in such branches of economy as mechanical  engineering, radio electronics, aircraft constructi

on, software production, pharmaceutical and medical industry.  The  formation of the competitive industry of the Union is completely  determined by the level of technological independence and the  dynamics of the introduction of new technologies. These are the  undisputed priorities of the EAEU in the near and medium term.   Strengthening the technological independence of EAEU member states is  directly dependent on the transition to a new technological system  and cannot be implemented all at once. It requires defining strategy,  stages, expenditures that depend on the level of technological  development of EAEU industries and, as a result, the transition will  require the modernization of existing productions, as well as the  creation of new innovative sectors of industry.  It is quite obvious  that for these purposes, a technological forecasting system should be  established in the Union for the timely identification of the most  promising trends in the field of technological development.  At the  same time, an important element of interaction can be the creation of  a data bank of the best available technologies.  Dear colleagues, I  want to note that we also attach great importance to the development  of local and pan-EAEU systems of food safety.  

We believe that the activation of cooperation on the creation of a  system of collective food security of the EAEU member states will in  the future allow to increase the efficiency of the use of available  resources, restrain inflation, ensure the availability of food and  activate mutual trade.  I consider the formation of common markets of  energy resources to be another important component of the integration  cooperation of the EAEU.  In this context, I would like to underline  our interest in reaching consensus as soon as possible on the  unregulated issues of the draft international treaty on the formation  of a common gas market and once again confirm our readiness for a  constructive approach for their solution?  Within the framework of  the issues of the EAEU common electric power market, I consider the  flexible and multi-vector approaches laid down in the basis of the  "Rules for Access to Interstate Electricity Transmission Services" to  be relevant for Armenia.  

In particular, the Rules will make it possible to ensure connection  to the energy systems of the EAEU member states through a country  that is not a member state of the Union (in our case, through  Georgia), thereby creating technical and legal prerequisites for  concluding mutually beneficial market contracts.  Dear meeting  participants, In order to fully launch the integrated information  system of the Union, we need to synchronize our actions in this  direction, which will allow us to form a reliable "digital framework"  to ensure the freedom of movement of goods, services, capital and  labor.  

The development of the digital economy and the introduction of  digital technologies is an objective necessity for the formation of a  single digital space. In this context, I would like to note the  relevance and high demand for the tools of the interstate information  exchange system, the creation and development of digital projects  with an integration effect.  And irrespective of the achievements, we  need to constantly review and expand the priorities of the digital  agenda. In this context, I would like to note that the Almaty Digital  Forum has become one of the effective platforms for a comprehensive  dialogue with interested participants to discuss issues of digital  transformation and prospects for digital development.  Dear  colleagues, In conclusion, I would like to wish us all success and  fruitful work and once again confirm the readiness of the Armenian  side to make efforts in implementing the priority directions of  Eurasian integration.  Thank you for attention".  

The Prime Ministers of the Eurasian Economic Union countries  discussed a number of topical issues related to Eurasian integration.  In particular, reference was made to the operation of the EAEU  internal market, the financing of industrial cooperative, the  development of the agro-industrial complex, and cooperation in the  energy sector.  

The implementation of the digital agenda, in particular, the  improvement of the integration information system of the Union, was  highlighted.  Minutes of decisions taken at the session were also  signed. The next session of the Eurasian Intergovernmental Council  will take place in June in Sochi.  Prime Minister Nikol Pashinyan's  wife, Anna Hakobyan, visited the Museum of Folk Instruments of  Kazakhstan and the State Art Museum in Almaty, toured the exhibition  halls and got acquainted with the presented samples.  PM Pashinyan's  working visit to Almaty is over. 

POST A COMMENT
Input digits     


News
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens“By Your Side”: IDBank`s new support program for displaced Artsakh citizens
Team Telecom Armenia develops Be Free packageTeam Telecom Armenia develops Be Free package
Armenia scares with its high prices: Economist sounds alarm due to  reduction in exports of servicesArmenia scares with its high prices: Economist sounds alarm due to  reduction in exports of services
Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 millionLarge crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million
Eurowings launches Berlin-Yerevan-Berlin flightsEurowings launches Berlin-Yerevan-Berlin flights
Russia bans sugar exports; 28 thousand tons allowed to be exported to  ArmeniaRussia bans sugar exports; 28 thousand tons allowed to be exported to  Armenia
The Power of One Dram to the Road of Life Charitable OrganizationThe Power of One Dram to the Road of Life Charitable Organization
EBRD to provide Armenia with EUR 9.3 million to support green  technologiesEBRD to provide Armenia with EUR 9.3 million to support green  technologies
WB recommends Armenia to develop investment strategy; revise  20-year-old sectoral lawWB recommends Armenia to develop investment strategy; revise  20-year-old sectoral law
In Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-yIn Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-y
Ardshinbank CJSC has announced about the launch of a new  refinancing business loanArdshinbank CJSC has announced about the launch of a new refinancing business loan
WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia 
EAEU agreement on mutual recognition of documents on academic degreesEAEU agreement on mutual recognition of documents on academic degrees
Intellectual property protection of key importance for economic  development and investment environment - premier Intellectual property protection of key importance for economic  development and investment environment - premier 
Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024
Government approves ratification of agreement on determining origin  of goods exported from EAEUGovernment approves ratification of agreement on determining origin  of goods exported from EAEU
FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights 
Armenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support programArmenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support program
Team becomes TUMO`s main technology partner Team becomes TUMO`s main technology partner 
Armenia to allocate over $6 million to host EBRD Annual MeetingArmenia to allocate over $6 million to host EBRD Annual Meeting
Turnover tax doubled in Armenia Turnover tax doubled in Armenia 
Budget programme performance mechanism to be introduced in Armenia Budget programme performance mechanism to be introduced in Armenia 
Expert: Stimulating employment is critical in fight against poverty  in ArmeniaExpert: Stimulating employment is critical in fight against poverty  in Armenia
Armenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current yearArmenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current year
Scientists and economists discuss deepening financial integration in  EAEU at International Conference at RAUScientists and economists discuss deepening financial integration in  EAEU at International Conference at RAU
Renshin to build World Trade Center in YerevanRenshin to build World Trade Center in Yerevan
Armenia`s MIA, ADB discuss disaster risk management engagement  opportunitiesArmenia`s MIA, ADB discuss disaster risk management engagement  opportunities
Acba Bank to start public placement of its next USD, AMD bonds on May  2Acba Bank to start public placement of its next USD, AMD bonds on May  2
Martin Galstyan points out lending activity in Armenia`s banking  system Martin Galstyan points out lending activity in Armenia`s banking  system 
Central Bank Governor: external demand is more restrained than last  yearCentral Bank Governor: external demand is more restrained than last  year
WB approves $116 million for Armenia in support of green, inclusive  and sustainable developmentWB approves $116 million for Armenia in support of green, inclusive  and sustainable development
CBA further reduces refinancing rate to 8.25% from 8.5% CBA further reduces refinancing rate to 8.25% from 8.5% 
Idram and IDBank at Career City FestIdram and IDBank at Career City Fest
Deputy premier: WB is not only donor organization, but also important  partner for ArmeniaDeputy premier: WB is not only donor organization, but also important  partner for Armenia
Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%
Over 10 cases initiated against biometric personal data processorsOver 10 cases initiated against biometric personal data processors
IT companies increased tax payments to state budget by 3.5%IT companies increased tax payments to state budget by 3.5%
High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming 
Moscow reacts to gas overtures between Yerevan and Baku Moscow reacts to gas overtures between Yerevan and Baku 
Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sourcesAbgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
Expert: Armenia`s energy independence level  is about 27%Expert: Armenia`s energy independence level  is about 27%
Converse Bank bonds were bought in primary market within daysConverse Bank bonds were bought in primary market within days
ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024
Armenia`s government plans introducing SAFE format Armenia`s government plans introducing SAFE format 
Armenia`s Civil Aviation Committee to render paid servicesArmenia`s Civil Aviation Committee to render paid services
New regulations for fulfillment of tax obligations of organizers  engaged in gaming activitiesNew regulations for fulfillment of tax obligations of organizers  engaged in gaming activities
New tax reporting mechanism to be introduced in Armenia New tax reporting mechanism to be introduced in Armenia 
RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 
Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  SimonyanYerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
Taxable jobs 5% up in Armenia Taxable jobs 5% up in Armenia 
Binance and Binance Academy announce large-scale online educational  project Binance and Binance Academy announce large-scale online educational  project "Crypto School"
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
34th session of FAO Regional Conference will take place on May 14-17,  202434th session of FAO Regional Conference will take place on May 14-17,  2024
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Read more


Exchange rates
07.05.2024
RUB4.260.00
USD387.73-0.19
EUR417.55-0.28
GBP486.33-1.48
CAD283.43-0.24
JPY25.10-0.12
CNY53.72-0.10
CHF427.39-0.92