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Yerevan to host Eurasian Week 2018 on 22-24 October

Economy 18.07.2018 | 19:40

MINSK, 18 July (BelTA) – The third international expo forum Eurasian Week will take place in Yerevan, Armenia on 22-24 October, the forum's organizers told BelTA.

The forum is expected to gather 2,500 participants, who will represent government agencies and the private sector, development institutions, financial regulation agencies, and experts from the Eurasian Economic Union (EAEU) member states and the union's partner countries.

The breakdown of the forum's business program has been published on the forum's official website. Events of the business program will be subdivided into three main directions: strategy track, industry track, and business track. The plenary session will be dedicated to manufacturing cooperation.

The strategy track is designed to enable conditions for a direct dialogue between entrepreneurs and regulators of the national and supranational levels. It will also include a panel session on competition inside the Eurasian Economic Union, on the union's future taking into account global challenges, on great Eurasian partnership in addition to a business dialogue on tax administration without damaging manufacturing cooperation, debates on cryptocurrency prospects and other digital economy attributes, and a brainstorm on the union's future from the point of view of young people.

A summit for representatives of the regions of the EAEU member states will include a discussion on ways to lift barriers and bolster interregional cooperation in the production sector.

By convention the Eurasian Week forum will host discussions on cooperation with the union's partner countries. One of the events will be dedicated to China after a trade and economic cooperation agreement was signed with China in May 2018. Another event will focus on Iran, which signed a temporary agreement at that time as a precursor to establishing a free trade zone.

Participants of the EAEU Business Council session will determine priorities for developing branches of the union economy. Ways to bolster the competitive ability through manufacturing cooperation will be discussed. An agreement on jointly promoting products onto third-country markets is supposed to be reached. A session of the advisory board for interaction between the Eurasian Economic Commission and the EAEU Business Council has been scheduled.

The industry track will feature sessions and discussions focusing on the development of manufacturing cooperation and expanding export opportunities in the sphere of information technologies and precision engineering, in agriculture, light industry, on the market of pharmaceutical products and medical goods, in jewelry and lighting technology industry. The creation of smart cities will be discussed. Close attention will be paid to the creation of common infrastructure, the development of universal standards, and legislation harmonization.

The final stage of the innovation contest Eurasian Digital Platforms will take place and winners will be awarded.

The organizers believe that the business track of the business program will allow addressing practical issues that the private sector runs into in addition to expanding business contacts in the Eurasian Economic Union and in third countries. The scheduled events include a discussion of industrialists and transporters about problems pestering the transport and logistics industry. The creation of new digital products for the Eurasian Economic Union market and the production of smart construction materials will be discussed as well. Workshops on starting a business to work on the Eurasian Economic Union market and ways of working with retail chains will be arranged.

Veronika Nikishina, Member of the Board (Minister) for Trade of the Eurasian Economic Commission, said: “The program of the forum helps find common practical solutions and facilitates business development. We would like manufacturers and vendors from different countries to get as much useful information as possible in addition to expanding business ties for successfully running their business on the Eurasian Economic Union market. The forum will give entrepreneurs an opportunity to get answers directly from representatives of government agencies and development institutions, from financial regulators, and experts from the EAEU and third countries.”

This year's forum will feature a major expo focusing on the export and manufacturing cooperation potential of the Eurasian Economic Union. Over 120 companies representing agriculture, light industry, precision engineering, information technologies, innovative construction materials industry, jewelry industry, and pharmaceutics will be represented.

Taking part in the Eurasian Week forum is free. Go to www.eurasianweek.com for registration.

The Eurasian Week forum is organized by EAEU member states and the Eurasian Economic Commission every year. The first forum took place in Moscow in October 2016. The second forum took place in Astana in August 2017. The event gathers over 2,000 participants from EAEU member states and other countries every year.

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