Call to set up large Eurasian companies

MOSCOW, 17 March (BelTA) – We need to step up investment cooperation in the Eurasian Economic Union and to set up large Eurasian companies, Chairman of the Board of the Eurasian Economic Commission Mikhail Myasnikovich said at the international economic forum "Dialogue of Integrations: CIS, EAEU, SCO, BRICS" in Moscow on 17 March, BelTA has learned from the press service of the Eurasian Economic Commission.

"Mutual investments make the largest integration contribution to GDP of the EAEU countries. So we need to at least double the investments in fixed assets which account for 17-18% of GDP. The state could act as an active investor along with private business," Mikhail Myasnikovich said.

He also said that the key area of sustainable development of the Eurasian Economic Union is the radical acceleration of industrial production and the development of industrial clusters of the EAEU. Ensuring food security of the EAEU countries is one of the promising areas for the Eurasian integration.

"The Eurasian ‘five' has achieved a high level of self-sufficiency, at about 94%," Mikhail Myasnikovich stated. At the same time, the balances of agricultural and food production and consumption indicate the need not only to increase output but also to rationally manage them, he noted.

"Mikhail Myasnikovich also stressed the importance of constructive interaction between the EAEU, CIS, SCO and BRICS, which will be one of the key topics of the 2nd Eurasian Economic Forum, which will be held in Moscow on 24-25 May," the press service added.