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MIL OSI Translation. Region: Russian Federation –

Excerpts from the transcript:

Good afternoon, colleagues, I am delighted to welcome the forum’s participants and guests. The development of Eurasian economic integration is Russia’s deliberate strategic choice which has stood the test of time and the serious challenges of the past few years. The implementation of the Strategic Guidelines for Expanding Eurasian Economic Integration to 2025 and the action plan for implementing them will facilitate more profound integration. Eurasian economic integration is impossible without involving the business community. In this connection, I would like to specially underscore the role of the EAEU Business Council. Assistance to businesses is an important aspect of expanding Eurasian integration. This includes a range of tasks to improve the business and investment climate, form a favorable competitive environment, actively involve the concerned parties in the processes of the Union’s operation and charting of the future dimensions of Eurasian integration. Today, we will discuss many of these matters at the Integration Forum organized by the Russian Union of Industrialists and Entrepreneurs. We are closely following your work to promote the business community’s interests both inside the country and at the regional level, that is, at the EAEU Business Council and also at leading global governance institutions, such as the Business 20 (B20) and Business at OECD (BIAC), with the Russian Union of Industrialists and Entrepreneurs coordinating the involvement of the Russian business community. We praise the Russian business community’s proposals that are reflected in these institutions ’policy documents regarding trade and investment, green growth and climate, digitalization and the human capital. I hope that this work will also continue next year. An understanding of the advantages of comprehensive partnership and integration has always been a distinguishing feature of Eurasian economic integration. In the seven years of the EAEU’s active development, we have scored major successes in realizing the four main freedoms, namely, the free movement of goods, services, capital and labor. They are a fundamental condition for ensuring seamless access to a market with a population of over 180 million. Customs and tariff regulation, the use of protective measures, technical regulation, and protection of competition on trans-border markets have been elevated to a supra-national level. Work is underway to eliminate barriers, exceptions and restrictions from the economic union’s regime. In 2020 alone, we were able to eliminate seven barriers, four restrictions and 11 exceptions on the domestic market, and this became the most impressive removal of barriers in the EAEU’s history. The EAEU Business Council made an important contribution to this work. On 5 October 2021, an action plan to eliminate exceptions and restrictions on the EAEU’s domestic market in 2021 and 2022 was approved, and it is providing an additional impetus to this work. We are establishing a common services market for some economic sectors, and this market stipulates mutual access of service providers in the EAEU under the national regime’s terms. Today, the common services market exists in 53 sectors and encompasses over 57 percent of all manufactured products. We are implementing projects in the field of industrial cooperation that help strengthen the Union’s production potential and form Eurasian chains for creating value-added products. We continue to expand relations with our partners beyond the EAEU perimeter, including separate states and multilateral institutions of international cooperation, such as bodies, agencies and organizations of the UN Family, the OECD, ASEAN, the SCO and BRICS. At the same time, it is very important not to rest on our laurels and to facilitate the implementation of adopted strategic long-term decisions in order to further advance our integration. As President of Russia Vladimir Putin said at a meeting of the Russian Foreign Ministry’s Collegium, Consistent promotion of integration is already producing results for the participating states, driving their economic growth and helping improve the wellbeing of their citizens. We should use such achievements to involve new members and partners in the orbit of this organization. ”Consistent promotion of integration is already producing results for the participating states, driving their economic growth and helping improve the well-being of their citizens. We should use such achievements to involve new members and partners in the orbit of this organization. ” And the business community’s contribution to this work cannot be overestimated. To conclude, I would like to express confidence that proposals by this forum’s participants will greatly contribute to expanding the processes of Eurasian economic integration and elevating Eurasian business cooperation to a new level. I wish everyone successful work.

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

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