Eurasian Week in Astana: EEU vector of movement

Eurasian Week in Astana: EEU vector of movement

The Eurasian Week annual international exhibition forum, organized by the countries of the Eurasian Economic Union (EEU) and the Eurasian Economic Commission (EEC), opened in Astana today. It is being attended by representatives of 42 countries.

Prime Minister of Kazakhstan Bakytzhan Sagintayev told about the main trends of the forum, which, according to him, will help not just strengthen close interaction between the public sector and the business community, but also promote the further development of integration processes.

"For example, Kazakhstan represents about 80 export-oriented companies in various sectors, more than 8000 joint with EEU ventures work stably in Kazakhstan," Sputnik-Kazakhstan cited his welcoming speech as saying.

It is planned to sign a number of documents on international development in the agro-industrial complex within the framework of the EEU.

Sagintaev drew attention to the fact that there have been positive dynamics of growth of key indicators since the beginning of 2017.

"The GDP growth in the EEU in the first quarter of 2018 was 0.8%, the industry is growing even better - 2.7%. The volume of foreign trade of the EEU countries in the first half of the year increased by almost 28%. The results of the first half of the year show an increase in the turnover of the EEU member states with Vietnam by 26.9%," the Prime Minister said.

The Prime Minister noted that negotiations on free trade agreements with Israel, Serbia and Iran are already underway.

At the moment, there are 12 platforms with more than 130 joint cooperative projects in such areas as space, ICT, ecology, electronics, extraction of natural resources and agriculture.

He also mentioned the digitalization of the economy, which radically changes the landscape of the world economy. Sagintayev explained that the project of the EEU unified digital space is actively developing, which will be one of the most important elements ensuring free movement of goods, services, people and capital.

The influence of the "green" economy on competitiveness will be also discussed within the framework of the Eurasian Week.