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Mikhail Mishustin took part in the plenary session of the Second Eurasian Congress “Key investment projects – system drivers of economic growth in the EAEU”

Mikhail Mishustin’s speech at the plenary session of the Second Eurasian Congress:

Good afternoon, dear friends!

I am glad to welcome all of you – participants of the Eurasian Congress.

Second Eurasian Congress of the EAEU

First of all, I would like to thank the Eurasian Development Bank for organizing this event. You have a meaningful integration agenda today. The Congress is being held only for the second time, but we can already say that this is a demanded platform for discussing the most important issues of deepening cooperation within the framework of the Eurasian Economic Union. The discussion is attended by representatives of government bodies, business, scientific, expert communities. In an open dialogue, there is an opportunity to present your vision of how you can achieve sustainable development of our common region, increase the well-being of citizens, do everything to make our union the most comfortable place for people to live and do business.

The five countries are overcoming the consequences of the spread of the coronavirus. We are finishing the year with good indicators, which have exceeded the pre-pandemic level. According to the estimates of the Eurasian Development Bank, the gross domestic product of the EAEU will grow by 4% this year.

The rapid recovery shows mutual trade. From January to September it increased by almost a third. At the end of the year, volumes may increase by more than 10% – exceeding the value of the pre-pandemic 2019.

Coordinated actions are needed in order to maintain the momentum gained, to achieve new successes in the matter of integration.

By removing barriers to the movement of goods, services, investment and labor, we create new opportunities for joint initiatives in a wide variety of areas.

Governments ensure the implementation of the Strategic Directions for the Development of Eurasian Integration until 2025 approved by the Presidents of our countries. The common markets of the union are being formed: financial, electricity, gas, oil and oil products. An institutional framework has been built to create a single digital space for the EAEU.

In this area, the Work Without Borders service and the I Travel COVID-19 Free application have proven themselves well. They greatly simplify the employment and travel of the residents of our association and therefore are in demand by users.

There should be more of such useful solutions for citizens and businesses. It is necessary to create a whole ecosystem of digital projects – autonomous and interconnected, which will give a new impetus to integration interaction.

Another important task is to ensure the connectivity of the territories of the Union, primarily to improve logistics, fast delivery of goods and comfortable travel. Moreover, joint work in the field of transport and infrastructure is of key importance both within the framework of pairing the EAEU with the Chinese project “One Belt – One Road”, and, of course, in the formation of the Greater Eurasian Partnership, initiated by the President of the Russian Federation Vladimir Vladimirovich Putin …

Russia, Kazakhstan and China have started the implementation of the international transport corridor Europe – Western China. As part of it, the Kazan-Moscow highway is already being built with access to the Baltic and Northern Europe. We are starting preparations for the construction of the Meridian highway, which will run from the border with Kazakhstan through eight constituent entities of the Russian Federation and further to Belarus and Central Europe.

But this is only part of what remains to be done. It is necessary to form a full-fledged “Eurasian transport framework”, that is, to create a united network of railway, road, sea, river and aviation infrastructure of Eurasia.

The development of international transport corridors “East – West”, where there are already significant successes, and “North – South” will increase cargo flows, including in transit traffic with China and the states of the European Union.

Such a transcontinental transport unity is of particular importance for the EAEU countries, which do not have access to the World Ocean. This will give them an additional increase in the gross domestic product and help build up foreign trade. In fact, the entire union, relying on rail and road routes, will become the most important transport hub for the world economy.

Within the framework of the congress, other cross-border infrastructure projects with a real integration effect will be discussed – in transport and logistics, in the water-energy complex, in the development of a network of food hubs and digital infrastructure.

Revealing their great potential is indeed capable of providing sustainable dynamics for further economic growth of the “five” countries and other states of the region.

To be continued…

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

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