Tuesday, October 1 2024 16:36

ArmInfo.During the first 6 months, the GDP of the EAEU increased by 4.5%. This growth was primarily attributed to existing intra-union factors, high levels of investment activity and strong consumer demand. Russian Prime Minister Mikhail Mishustin stated this at a meeting of the Eurasian Intergovernmental Council.

According to him, from January to June of the current year,  industrial production in the Union increased by 4.8%, agricultural  output by 3.5%, completed construction work by 4%, and retail  turnover by almost 8.5%.  Mishustin noted that the Union's internal  market is becoming increasingly important for the member countries.  In this regard, he cited data for the first half of 2024, which shows  that mutual trade among the five countries is at 5.7%, with  settlements in national currency accounting for 90%.  The Russian  Prime Minister has named strengthening technological and industrial  sovereignty as a priority.  In this vein, he recalled that last year  a decision was made to launch a supranational mechanism to support  cooperation projects in the industrial sector. "We expect that the  first project will soon receive funding on preferential terms," he  said.

Mishustin also suggested that the Union should consider creating  grant support programs for collaborative scientific and design  projects carried out by teams of innovators from member countries of  the Union.  "Another important task is to create a single  transportation space, develop international logistics corridors, and  establish the appropriate infrastructure," the Russian Prime Minister  said. In this context, Mishustin emphasized the importance of  focusing on digitalization in the industry and implementing advanced  technologies to significantly increase the capacity of current  routes, the volume of cargo flows, and to ensure seamless  transportation.