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19 June 2018, 18:58

Guidelines on Belarus-Russia union development in 2018-2022 approved

MINSK, 19 June (BelTA) – Priority directions and top-priority tasks for the future development of the Union State of Belarus and Russia in 2018-2022 have been approved. The relevant decision was made by the session of the Supreme State Council of the Union State of Belarus and Russia in Minsk on 19 June, BelTA has learned.

The priority directions and top-priority tasks include the pursuance of a coordinated macroeconomic policy, industrial policy, and budget policy, the enhancement of the trade and economic relations, the formation of the common legal space, and the development of the institutional pillars of the Union State of Belarus and Russia.

Joint measures will be worked out to further reduce administrative barriers, restrictions and exemptions in mutual trade, liberalize conditions for the operation of commercial entities, develop the joint transport system, and form a common fuel and energy market.

State Secretary of the Union State of Belarus and Russia Grigory Rapota remarked that it is completely obvious that a lot has yet to be done in a number of cooperation avenues in order to move forward. “Including the continued efforts to lift barriers and remove restrictions in mutual trade, the implementation of the coordinated industrial policy, the development of the agribusiness complex, the formation of the common fuel and energy market, and the creation of the common migration space,” he said.

Participants of the meeting also made a note of the report by the Union State Standing Committee on the fulfillment of priority directions and top-priority tasks for the future development of the Union State in the medium term (2014-2017).

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