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Opinion: EAEU learns from EU mistakes as it shapes industrial policy

Economy 23.05.2019 | 17:48
Photos courtesy of the EEC
Photos courtesy of the EEC

MOSCOW, 23 May (BelTA) – The Eurasian Economic Union (EAEU) is drawing lessons from the European Union (EU) experience as it is shaping its common industrial policy, Member of the Board (Minister) for Industry and Agribusiness of the Eurasian Economic Commission (EEC) Aleksandr Subbotin said as he addressed students of Financial University under the Government of the Russian Federation, BelTA learned from the EEC press service.

“We are studying the EU experience in industry as it has been working towards a common industrial policy for several years. The EAEU tries to avoid the EU mistakes and adopt its best practices. For example, the EU is now implementing a common IT policy and has set up technology platforms for this purpose. The EAEU will also launch its first interstate space program within the framework of one of our technology platforms,” Aleksandr Subbotin said.

In terms of agribusiness, Aleksandr Subbotin noted that the EAEU countries are also working towards creating the common agriculture market. “As long as people need food, food safety will remain a core issue on the countries' agenda. I want to point out that our union has almost achieved food self-sufficiency,” he noted.

Aleksandr Subbotin lectured the students about the history of the EAEU integration process, the EAEU principles and activities.

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