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The Eurasian Economic Commission attaches priority importance to pairing the construction of the Belt and Road with the development plans of the Eurasian Economic Union – one of the most advanced regional integration associations of Greater Eurasia. This was stated by the EEC Minister of Trade Andrei Slepnev, speaking at a high-level conference on international cooperation in the Asia-Pacific region within the framework of the Belt and Road Initiative, held online.

He stressed that the corresponding dialogue with China has been going on practically from the moment of the creation of the Union and the start of the Belt and Road Initiative. Today, the parties are actively implementing the Agreement on Trade and Economic Cooperation concluded between the EAEU and China. One of the priority areas of cooperation with the PRC is the construction of digital transport corridors, which is fully compatible with the goals of creating the Digital Silk Road and is designed to provide a new level of connectivity in the region.

“We believe that such projects within the framework of large-scale macro-regional initiatives can play a significant role in the global and regional post-like recovery, contain the growing tendencies towards fragmentation, create effective solutions for the new economy, the birth of which we are witnessing: this is a digital and low-carbon economy,” noted Andrey Slepnev.

Speaking about the contribution of the EAEU to the fight against the pandemic, the minister recalled that the states of the Union, in particular the Russian Federation, are pursuing an open policy of distributing vaccines against coronavirus, including in developing countries. Thus, the Sputnik V vaccine is the only vaccine that is already produced in dozens of countries and distributed in more than a hundred countries.

“We actively support international efforts as well. We recognize the important role of the global mechanism for the distribution of COVAX vaccines, as well as the efforts of all countries, including those attending the conference, which make their important contribution to increasing the availability of vaccines in the fight against infection, ”said Andrei Slepnev.

Like all the largest economies in the world – China, the United States, the European Union, the Union states have set ambitious goals for reducing carbon emissions and are actively working to achieve them. “In general, these are changes of the fundamental scale of the entire economic landscape of the world, which, we expect, will occur in the next 30 years. At the same time, all the foundations for the future economic structure will be laid in the next ten years, ”the EEC Minister for Trade expressed his confidence. In this regard, international cooperation will help achieve the climate goals themselves and create new jobs in high-tech green industries.

Occupying a vast territory, the EAEU intends to actively contribute to the implementation of projects for the absorption of greenhouse gases, thereby opening up additional opportunities for companies in the Asia-Pacific region and the whole world. “We attach particular importance to the creation of a workable multilateral system of carbon footprint accounting, verification and carbon trading. This is important not only for the formation of a global carbon market, but also, first of all, for stimulating real technological cooperation in a green economy, ”stated Andrey Slepnev.

At the same time, it is extremely important that measures to combat climate change do not become an instrument of protectionism and unfair competition, do not contribute to the severing of existing production ties, but, on the contrary, form new ones. Free access to advanced green technologies is essential. This area is a topical item on the agenda of discussions with China. In addition, the EAEU invites other countries of the region to dialogue.

In conclusion, the minister called for increased cooperation between developed and developing countries in the exchange of digital and low-carbon technologies in various fields, as well as in low-carbon energy. In addition, hydrogen energy, computers and artificial intelligence, aviation and astronautics, low-carbon transport and other areas are seen as priority areas of cooperation.

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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