The general economic contour protects the Eurasian Economic Union (EAEU) from the disintegration of the world economy and the tariff wars. This was stated by Alexei Overchuk, Deputy Prime Minister of the Russian Federation. Ria Novosti In the first forum of the Independent Society of States (CI) countries.
According to Overchuk, the global market is now collapsing and regional markets are closing from competitors and trying to rely on regional local materials, which provides unrealistic expectations of reversal of a major investment and technology feature of the time. At the same time, conflicts in the global economy create opportunities for EAEU, because contributes to the intensification of trade in the integration group.
Uz We are working hard through the Eurasian Economic Union, where our countries are protected by a common customs contour, ”Overchuk.
EAEU Creation Agreement was signed in 2014. The Union includes Armenia, Belarus, Russia, Kazakhstan and Kyrgyzstan. The task of the Union is to ensure freedom of goods, services, capital and labor movement among the participating countries. On December 11, 2020, the EAEU’s High Economic Council adopted the document on strategic on strategic instructions for the development of Eurasian economic integration ”, which shows the targeted aspects of more integration within the union.
Before that, overchuk announcedUS tariffs will encourage Europe’s industrialization process.
Overchuk before announcedThere is no industrialization of Europe in the Russian Federation.
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Source: Gazeta
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