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Economy
06 December 2019, 19:22

Belarusian proposals on high technologies added to CIS long-term economic development strategy

MOSCOW, 6 December (BelTA) – A draft strategy to guide economic development of the Commonwealth of Independent States till 2030 was approved by the CIS Economic Council in Moscow on 6 December, BelTA has learned.

Commenting on the document, Deputy Prime Minister of Belarus Igor Petrishenko noted that the strategy had been drafted as part of the efforts to fulfill the declaration signed by the CIS heads of state. In his words, the Belarusian side added a number of new approaches to the document. The approaches focus on digital agenda, innovative cooperation, biotechnologies, pharmaceutics, and some other cutting-edge areas. Igor Petrishenko said that the Belarusian proposals are designed to take manufacturing cooperation ties between CIS states to the next level.

The strategy is designed to determine goals and tasks of economic development of the Commonwealth of Independent States for the next ten years as well as the main directions of economic interaction on the basis of analysis of global economy dynamics as well as the development potential of the CIS states. The strategy's implementation will allow bolstering the competitive ability of the CIS economies, the wellbeing of citizens of the CIS states, and strengthening their positions in global economic ties.

The CIS Economic Council also discussed a draft forecast of production and consumption of energy resources in the CIS states till 2030. The fulfillment of the CIS Heads of Government Council's resolution on the unified railway transport rate policy was also reviewed. Participants of the session also discussed a draft of the new revision of the provision on the CIS quality excellence awards contest. The implementation of a number of pilot interstate innovative projects was reviewed.

The CIS Economic Council is made up of deputy heads of government of the CIS states. The council convenes every quarter of the year.

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