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Bakytzhan Sagintayev takes part in the Eurasian Week International Forum

by August 24, 2017 Market

Today, Prime Minister Bakytzhan Sagintayev took part in the opening of the annual International Forum Eurasian Week and in the discussion of the most urgent issues related to EAEU’s further development.

Bakytzhan Sagintayev greeted the participants and expressed confidence in the fact that the Forum’s platform will contribute to both the development of new business contacts, and the deepening of relations between the State sector and the business community. In addition, the Forum will become an important instrument for the development of the economy, investment, and export potential of EAEU countries.

The Main plenary meeting on the topic Competitiveness in a changing world: new models, technologies, forms of management was also attended by Chairman of the Collegium of the Eurasian Economic Commission Tigran Sargsyan, First Deputy Chairman of the Government of the Russian Federation Igor Shuvalov, Vice Prime Minister and Minister of International Economic Integration and Reforms of the Republic of Armenia Vache Gabrielyan, President of the International Road Transport Union Christian Labrot, Microsoft CEO for Central and Eastern Europe Philippe Rogge.

According to the data, National economies of EAEU member-states were able to successfully adapt to new realities. Since the beginning of this year, there have been positive changes in key indicators: the volume of foreign trade of the Union States in the first half of the year increased almost 28%, EAEU GDP growth in the first quarter of 2017 amounted to 0.8%.

Favorable domestic encourage the growth of trade between member-states and third countries. For example, trade with Vietnam significantly intensified after the opening of mutual duty-free access for goods.

Initial experience in this area lays a solid foundation for expanding trade and economic cooperation with foreign countries. At present, negotiations are held on free trade agreements with Israel, Serbia, and Iran.

The EAEU Single Digital Space project is currently also under rapid development, and it is to become one of key elements supporting free movement of goods, services, people, and capital.

At the same time, the Digital Kazakhstan State Program, which is currently being developed with the aim of diversifying and realizing the potential in basic sectors of economy, stimulating entrepreneurial activity and creating industries of a new technological order, will also contribute to the overall work within the framework of the EAEU.

For reference:

On August 24-26, Astana hosts the annual International Exhibition Forum Eurasian Week, organized the countries of the Eurasian Economic Union and the Eurasian Economic Commission.

Representatives of government bodies and business circles from 42 countries arrived in the capital to participate in the Forum. The program includes more than 30 discussions on 13 economic sectors strategically relevant for the EAEU market.

Source: Government of the Republic of Kazakhstan