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24 May 2024, 16:00

Mishustin: Trade in CIS up two thirds over four years

MINSK, 24 May (BelTA) - Trade in the CIS has increased by two thirds over the last four years, Russian Prime Minister Mikhail Mishustin said at a meeting of the CIS Heads of Government Council in Ashgabat, Turkmenistan on 24 May, TASS informs.

According to the prime minister, Russia is presiding in the CIS this year. Moscow considers as one of its priorities to implement the action plan of the first stage of the CIS Economic Development Strategy, which is designed to last until the end of the decade.

“Trade in the CIS has soared by more than two thirds over the past four years. 6% of this increase came thanks to the implementation of the decisions envisaged by the action plan. This also included an additional 7% to the growth of mutual trade in services,” Mikhail Mishustin said.

In his words, the CIS countries frankly exchange views on all issues, which contributes to strengthening and expanding practical cooperation, launching innovative, useful for citizens and businesses projects. “This is of particular importance in the conditions of transformation of the world economy based on the principles of multipolarity, rapid digitalization of trade and economic processes,” Mikhail Mishustin said.

The Russian head of government added that the CIS countries need to form a system of payments and settlements that will not depend on the external market conditions. “It is necessary to increase cooperation in the customs sector, to pursue a coordinated anti-monopoly policy, to ensure a level playing field, wide application of modern solutions in all sectors. We are facing large-scale tasks of developing the transportation complex, creating a settlement and payment architecture independent of the external market conditions,” he said.

According to Mikhail Mishustin, Moscow considers deeper economic ties in the CIS to be a key task, primarily in the food, technological and energy security, as well as industrial cooperation, innovations, digitalization, logistics and ecology.
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