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MIL OSI Translation. Region: Russian Federation –

04/28/2021

The search for new sources of economic growth and the actualization of strategic priorities require building a new multipolar model of the world economy. This was stated by the Chairman of the Board of the Eurasian Economic Commission Mikhail Myasnikovich in a video message within the framework of the Subregional Dialogue of the 77th session of the UN Economic and Social Commission for Asia and the Pacific (ESCAP), which took place on April 28 in Bangkok.

He noted that the EAEU states have identified the intensification of dialogue between the Union and third countries, integration associations and international organizations as one of the priority tasks for the development of Eurasian economic integration for the period up to 2025. “I believe that the implementation of the idea of ​​the Greater Eurasian Partnership, one of the pillars of which is the Eurasian Economic Union, will contribute to the further construction of an updated international architecture of mutually beneficial cooperation,” emphasized Mikhail Myasnikovich.

According to the Chairman of the EEC Board, the pandemic caused negative effects of unprecedented scale and complicated the solution of other problems.

To minimize the coronavirus crisis, the governments of the Union states and the governing and executive bodies of the EAEU promptly took a number of radical coordinated actions. This limited the spread of the virus. Of great importance was the timely development by Russia of highly effective vaccines against coronavirus, the organization of their supply and the localization of production in the EAEU countries, which can serve as a positive example of integration cooperation in the interests of millions of people.

According to preliminary statistics, in 2020, the GDP of the Eurasian Economic Union declined by 2.9%, which is less significant than the decline in global GDP. EEC forecasts indicate that in 2021, as demand in the EAEU recovers, economic growth is expected at 3.3%.

According to Mikhail Myasnikovich, overcoming global challenges requires the development of clear steps and concerted actions both at the national and international levels. “The expansion of interaction formats and the launch of new dialogue platforms, including those under the auspices of the UN, are important tools for identifying new sources of economic growth and ensuring sustainable development. And we will support your efforts so that these measures and decisions are taken promptly, ”he said.

Reference:

Cooperation between the EEC and ESCAP is based on the Memorandum of Cooperation signed in 2019.

The 75th session of the Commission launched a subregional dialogue to facilitate the exchange of views and experiences on the main areas of work of the Commission, both within and outside ESCAP. Under the theme “Better-than-before recovery from the crisis through regional cooperation in the Asia-Pacific region”, during the subregional dialogue of the 77th session of the Commission, special attention was paid to the exchange of experience gained in the process of responding to the COVID-19 pandemic and recovering from it in each subregion; and identifying potential areas of cooperation between subregions.

In view of the unprecedented challenges posed by the COVID-19 pandemic, it is imperative for broader regional cooperation with sub-regional organizations, which play a key role in developing multilateral strategies to mobilize resources and coordinate responses from Member States to cope with the devastating socio-economic impact of the pandemic.

The UN and other multilateral organizations have come out in support of ideas and strategies for a better-than-before crisis recovery with a focus on building fairer, more sustainable and greener communities. In this regard, ESCAP is promoting sectoral policies and regional cooperation in four priority areas: economic recovery; strengthening value chains and linkages; protection of the population; protection and restoration of ecosystems.

The discussion was attended by the secretaries general of such organizations as the Pacific Islands Forum (PIF), the Association of Southeast Asian Nations (ASEAN), the South Asian Association for Regional Cooperation (SAARC), the Shanghai Cooperation Organization (SCO), the Initiative for Diversified Technical and Economic Cooperation of Countries Bay of Bengal (BIMSTEC), Organization for Economic Cooperation (ECO), Greater Tumen Initiative.

A source: EEC

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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