Bakhytjan Sagintayev: Since the formation of the EAEU, the Union`s  foreign trade grown by 60%

ArmInfo. The Eurasian Economic Commission (EEC) is consistently developing dialogue with third countries to establish a network of trade agreements and expand the scope of interaction. This was stated to journalists by the Chairman of the EEC Bakhytjan Sagintayev during a briefing following an extended meeting of the Eurasian Intergovernmental Council.

He emphasized that the increased intensity of ties with foreign  partners confirms the growth of foreign trade. In particular,  according to Sagintayev, the latter has increased by 60% since the  formation of the Union. At the same time, as he noted, the efficiency  of integration work within the EAEU is increasing. In this regard,  the Chairman of the Commission reported that last year, mutual trade  between the member states exceeded $90 billion, which is 7% higher  than in 2022 and 2 times higher than in 2015. According to him,  mutual supplies increased by 17%, which was the maximum value since  the launch of the Union.

<At the same time, the EAEU continues to work on developing  cooperative ties between production complexes. This is one of the key  factors for fully utilizing the integration potential>,  stated  Sagintayev, noting that the volume of mutual trade in cooperative  goods in 2023 exceeded $30 billion.