ECC, EDB to coordinate funding of joint projects 

ArmInfo.At the headquarters of the Eurasian Economic Commission, a meeting was held between the  Minister of Industry and Agro-Industrial Complex of the EEC Gohar Barseghyan and the Chairman of the Board of the Eurasian Development Bank (EDB) Nikolai Podguzov.

According to the press service of the Eurasian Economic Commission,  the meeting participants exchanged views on the prospects for  interaction within the framework of the new supranational mechanism  for financial support of industrial cooperation in the Eurasian  Economic Union, and also discussed current issues of integration  processes in the industrial and agro-industrial spheres.

Gohar Barseghyan noted the existing experience of interaction with  the EDB and proposed updating the formats for further work, including  within the framework of the Memorandum of Cooperation between the EEC  and the EDB.

During the meeting, close cooperation was noted in terms of  conducting a study on the formation of the Concept of the Eurasian  Goods Distribution System in order to determine the potential for  increasing mutual trade and ensuring the unhindered movement of goods  between the countries of the Union.

At the moment, the EDB is the only international development  institution that is included in the list of financial organizations  and development institutions allowed to participate in the  implementation of the new mechanism for promoting trilateral  cooperation projects.  The EDB member states are Armenia, Belarus,  Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.