ASTANA, 29 May (BelTA) - The situation in the industrial policy of the Eurasian Economic Union (EAEU) needs to be fixed, Belarusian President Aleksandr Lukashenko said at a session of the Supreme Eurasian Economic Council in Astana on 29 May, BelTA has learned.
“The direction of industrial policy within the EAEU is clearly faltering, and the Eurasian Economic Commission, all of us, need to fix this situation. The mechanism to stimulate cooperation has been launched, but its scale and impact remain modest. We cannot find worthy joint projects. At the same time, we are creating duplicate industries and then doing everything we can to protect them from each other. Including by creating barriers that contradict not only the decisions we have adopted but also the very spirit of our union,” Aleksandr Lukashenko said.
The head of state used the automotive industry as an example. “In the early days of the union, we talked about jointly attracting investments to develop the component base. But what has happened now? Everyone has closed themselves off so tightly that not even a mouse could get through. Recycling fees will soon exceed the cost of the machines themselves. And I’m talking about our own union! Why are we doing this? What kind of union can we even talk about?” Aleksandr Lukashenko asked rhetorically.
The president noted that among the documents submitted for signing at the meeting of the Supreme Eurasian Economic Council is a protocol amending the treaty to extend financial support measures to cooperative projects in the agricultural sector. “The output of such joint projects should become a tangible manifestation of Eurasian integration for ordinary citizens and stimulate the growth of our economies,” he emphasized.
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