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MIL OSI Translation. Region: Russian Federation –

10/18/2021

This opinion was expressed by the director of the department of trade policy of the Eurasian Economic Commission Igor Nazaruk, addressing the welcoming speech to the participants of the Eurasian Economic Forum in Xi’an (PRC).

“First of all, thanks to business, which sought to expand its markets, ensure stable and predictable rules of the game, build optimal chains of cross-border trade and cooperation, globalization became possible,” he stressed. At the same time, recovery will take place in an environment where the COVID-19 pandemic continues to spread around the world, and the world order is undergoing profound and complex changes.

“The unprecedented scale of economic losses requires getting rid of excessive restrictions for the resumption of economic growth, and for this it is necessary to increase connectivity through the completion of infrastructure, digitalization, and conjugation of regulatory systems. The challenge is for business to survive in all countries, and it must be solved together, ”Igor Nazaruk expressed confidence.

According to him, the key principles of building trade relations are the long-term interests of states, complementarity and predictability. These rules are guided by the EAEU countries and offer them to the PRC and other countries.

“China is undoubtedly the Union’s key trading partner today. We are extremely interested in the formation of a sectoral cooperation program and are actively using new mechanisms for involving business in this work, ”emphasized the director of the EEC department.

At the same time, he noted that it is important not to miss new trends in the development of trade: cooperation in the field of health care, e-commerce, green technologies. It is necessary to stimulate innovative growth, promote an even recovery of the world economy, defend the multilateral trade system under the auspices of the WTO, and introduce the latest scientific and technological achievements.

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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