ArmInfo. Minister for Integration and Macroeconomics of the Eurasian Economic Commission (EEC) Eldar Alisherov spoke about positive changes in the economies of the EAEU countries at the annual conference of the American Chamber of Commerce in Russia.
According to him, as quoted by the EEC press service, the combined GDP growth of the Eurasian "five" last year was 4.2%. The minister reported that the share of mutual trade of the Union countries is steadily growing, which last year amounted to almost a fifth (19.8%) of the total foreign trade turnover of the EAEU. The volume of mutual trade in goods in the Union has doubled over the decade and reached almost $100 billion in 2024. "Our dynamics are significantly higher than the average global growth rate, which was 3.2% last year. Thanks to the flexibility and high adaptability of the economies of the EAEU countries, it has become possible to actively address the problems of integrating the Union into the global economic architecture, expanding the geography and volume of exports, as well as attracting investment and modern technologies," noted Eldar Alisherov.
In his speech, the EEC Minister paid special attention to the work on the implementation of strategic documents for the development of the Eurasian "five".
Eldar Alisherov emphasized that all conditions for stable and profitable business operations are being created in the EAEU countries. All key aspects of the Declaration "Eurasian Economic Path", which defines the development vectors of the Union until 2030 and until 2045, are focused on the interests of business and are aimed at ensuring stable and accelerated growth of the economies of the member states.
Speaking about the international activities of the EAEU, the EEC Minister noted that during the work of the Commission, relations with key trade and economic partners have been formalized: countries, regional associations and international organizations. These agreements allow for a systemic dialogue on a wide range of issues. "The GDP of third countries and regional integration associations with which the EEC interacts is 71.9 trillion US dollars, or 49.9% of the world GDP," Eldar Alisherov noted.
