Eurasian Economic Union decides to boost transport infrastructure to facilitate trade-Xinhua

Eurasian Economic Union decides to boost transport infrastructure to facilitate trade

Source: Xinhua

Editor: huaxia

2022-06-22 22:45:14

MINSK, June 22 (Xinhua) -- Member countries of the Eurasian Economic Union (EAEU) have decided to boost transport infrastructure, including developing a Eurasian transport corridor, to facilitate trade and logistics in the region, Mikhail Myasnikovich, chairman of the Board of the Eurasian Economic Commission, said on Tuesday.

Myasnikovich made the remarks after a meeting of the Intergovernmental Council of the EAEU on Monday and Tuesday in Minsk, capital of Belarus.

During the meeting, Russian Prime Minister Mikhail Mishustin said the infrastructure will become part of the East-West and North-South international transport corridors.

Armenian Prime Minister Nikol Pashinyan said the EAEU enters the period of unlocking its potential of creating a common economic space and ensuring sustainable economic growth of the member states.

Belarussian Prime Minister Roman Golovchenko, Kazakh Prime Minister Alikhan Smailov and Chairman of Kyrgyzstan's Cabinet of Ministers Akylbek Zhaparov also attended the meeting.

The participants also discussed issues like food security, regulation of the alcohol market, development of the EAEU internal market, tariff adjustment, digital transformation and import substitution within the EAEU.

Established in 2015, the EAEU includes Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia. The purpose of the association is to achieve the free movement of goods, services, capital and labor within the union by 2025, as well as to pursue a coordinated economic policy.