Friday, February 3 2023 15:02
Naira Badalian

Armenia is interested in reaching early consensus on project to form common EAEU gas market

Armenia is interested in reaching early consensus on project to form common EAEU gas market

ArmInfo.RA  Prime Minister Nikol Pashinyan took part in the extended-format session of the Eurasian Intergovernmental Council in Almaty, the press service of  the RA Premier reports.

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.  

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 construction,  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
Thanos Arvanitis: The time has come for Armenia to accelerate reformsThanos Arvanitis: The time has come for Armenia to accelerate reforms
Armenia to host 33rd EBRD Business Forum with flagship sponsorship of ArdshinbankArmenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank
EAEU economic operators will become more recognizable when carrying  out foreign economic activitiesEAEU economic operators will become more recognizable when carrying  out foreign economic activities
Martin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decreaseMartin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decrease
About 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economyAbout 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economy
92% tax revenues recorded in Armenia in 1st quarter of 2024 92% tax revenues recorded in Armenia in 1st quarter of 2024 
IDBank issues the 2nd tranche of dollar bonds of 2024IDBank issues the 2nd tranche of dollar bonds of 2024
Armenia to be next country to host ACE programArmenia to be next country to host ACE program
Armenia agrees to EBRD expansion Armenia agrees to EBRD expansion 
Alkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure developmentAlkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure development
CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%
Government writes off 469 financial obligations of Artsakh citizens  on loans secured by goldGovernment writes off 469 financial obligations of Artsakh citizens  on loans secured by gold
Food products, services cause of 0.8% inflation in Jan-Apr 2024 Food products, services cause of 0.8% inflation in Jan-Apr 2024 
Armenia`s Deputy Premier receives IMF delegationArmenia`s Deputy Premier receives IMF delegation
Armenian Economy Minister travels to USA on week-long working visitArmenian Economy Minister travels to USA on week-long working visit
Armenia is trapped in Armenia is trapped in "Dutch disease" - economist
“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 
Read more


Exchange rates
13.05.2024
RUB4.240.04
USD387.64-0.37
EUR417.91-0.33
GBP485.83-0.42
CAD283.42-0.19
JPY24.87-0.04
CNY53.58-0.13
CHF427.48-0.46