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08 June 2023, 17:04

Call to intensify cooperation in industry in EAEU

MINSK, 8 June (BelTA) – It is necessary to step up efforts to promote cooperation in the manufacturing industry in the Eurasian Economic Union (EAEU), Belarus' Prime Minister Roman Golovchenko said at the Eurasian Intergovernmental Council meeting in Sochi, BelTA has learned.

“At the meeting of the Supreme Eurasian Economic Council in Moscow two weeks ago our heads of state made a landmark decision to boost cooperation in industry in the EAEU. Despite the extreme sensitivity of financial issues, the EAEU member states agreed to support integration projects in manufacturing by providing subsidies from the EAEU budget. I believe that we should invest more efforts in promoting cooperation. Indeed, a decision has been made to subsidize interest rates, but fundamental decisions on the program itself have not yet been made. I call you to focus on practical projects that will benefit us all. The failure to make progress on this issue will reduce the integration effect that we could get in the union,” said Roman Golovchenko.

He urged to take all the necessary decisions as soon as possible. “We need to work on other projects that would be similar to the Belarusian initiative “Eurasian Electric Bus” in terms of their technological level and relevance,” the prime minister believes.

He mentioned another important aspect of the decision to stimulate industrial cooperation in the EAEU. “In addition to creating a tangible effect for the real sector of the economy, it shows determination to grant more powers to the Eurasian Economic Commission, to give our executive body more tools to stimulate practical actions,” the Belarusian head of government noted.

“The EAEU is a huge internal market in which high-tech products are in demand. Domestic companies need to produce their own technological equipment, tools, modern agricultural machinery, tractors, and trucks and so on, relying on their own developments and scientific and technical solutions,” Roman Golovchenko concluded.

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