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04 June 2024, 11:09

PM: EAEU's GDP up by over 12% over ten years 

NESVIZH, 4 June (BelTA) - The EAEU's GDP has grown by more than 12% over the past ten years, Belarusian Prime Minister Roman Golovchenko said as he spoke at the meeting of the Eurasian Intergovernmental Council, BelTA has learned. 

"Our meeting is taking place at a significant moment. Most recently, on 29 May, we celebrated the 10th anniversary of the Eurasian Economic Union, which implies summing up the results and formulating plans for the future. Stability, sustainability and predictability of the development of the Union are the result of well-coordinated work, which became possible due to the alignment of the potentials of the economies of our countries. Our cooperation is built on an equal basis and takes into account the interests of every member state, regardless of the size and structure of the economy. This approach is at the heart of our union. We have repeatedly proved that the platform allows us to effectively overcome any challenges, whether it is a pandemic or an economic transformation caused by geopolitical turbulence," Roman Golovchenko said. 

The EAEU countries approached the anniversary date with good economic indicators. "Over the past ten years, the EAEU’s GDP in comparable prices has increased by more than 12% and was estimated to total $2.4 trillion in 2023. Real income of households in most EAEU member states has increased over the years. Mutual trade surged by another 4.7% last year. Over the decade, the volume of trade between our countries has almost doubled. In mutual trade, the share of cooperative goods accounted for 35%. The share of national currencies in trade between the EAEU countries exceeded 80% last year," the prime minister said. 

"The Union has become a full-fledged subject of international law and continues to gain weight on the world stage. We are expanding the geography of international relations with the states of the Asia-Pacific region, the Middle East, Africa and Latin America," the Belarusian head of government said.

Photos by Vitaliy Pivovarchik
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