MINSK, 18 September (BelTA) – The Eurasian Economic Union (EAEU) is open for closer mutually beneficial cooperation with Japan, Member of the Board (Minister) for Industry and Agribusiness of the Eurasian Economic Commission (EEC) Aleksandr Subbotin said at the Belarusian-Japanese economic forum that took place in Minsk on 18 September during the Belarusian Industrial and Investment Forum, BelTA learned.
“The Eurasian Economic Union is open for closer mutually beneficial cooperation with Japan, inlcuding in such promising projects as development of transport and logistics systems, industrial clusters within the framework of the trans-Eurasian New Silk Road project,” Aleksandr Subbotin said.
Ways of promoting industrial cooperation between the EAEU and Japan were discussed in Tokyo in May 2019, he noted. “We are aware that our Japanese partners are interested in cooperation as well. For our part, we assure that we will do everything to provide favorable conditions for investment and joint projects,” the EEC minister said.
According to Aleksandr Subbotin, a lot has been done over the years to improve the business environment in the EAEU. “Today the EAEU, that Belarus is a member of, offers a free access of products to the market with over a 183-million population, with aggregate GDP of about $3 trillion and with the area sprawling over one sixth of the Earth's landmass. Our countries have an enormous industrial, agricultural and human resource potential. Today the EAEU ensures free movement of goods, services, labor force and technologies. Favorable conditions have been created for enterprises, from the use of the existing infrastructure to preferential taxation,” he said.
Aleksandr Subbotin also noted that the member states have a roadmap for development for the next ten years. Common policies are being implemented in transport, industry and agriculture. “The Eurasian Economic Commission tightly cooperates with more than 50 countries and interstate associations. Therefore, our Japanese partners can use Belarus as a gateway for promoting products and services all over the world. Especially since Japanese companies have long been active on the EAEU market and gained a foothold here,” he added.More about Economy