GENERICO.ruEconomicsThe EAEU must become flexible in conditions of instability in the world, Tokayev said

The EAEU must become flexible in conditions of instability in the world, Tokayev said

MOSCOW, May 8. President of Kazakhstan Kassym-Jomart Tokayev at the EAEU summit in Moscow said that the EAEU for further sustainable development in the context of geopolitical uncertainty must become more flexible and efficient.
Speaking on Wednesday during a meeting of the Supreme Eurasian Economic Council in an expanded format, the Kazakh leader noted that the high level of integration interaction is supported by the joint implementation of large infrastructure projects, the development of industrial cooperation and the formation of a common services market.

“For further sustainable development in the face of geopolitical uncertainty, our association must become more flexible and effective. According to World Bank estimates, the growth rate of global gross domestic product in the first half of this decade may be the lowest in the last 30 years. Unless the international community makes an effective decision , then this period may go down in history as a decade of missed opportunities,” Tokayev said.

According to him, the EAEU, which is an integral part of the global economy. Its members will have to use all reserves and solve the tasks set during the creation of the Union.
“First of all, we are talking about the full implementation of the fundamental principle of the economic Union – freedom of movement of goods,” the president noted.
Eurasian Economic Union (EAEU) ) is an international integration economic association operating since January 1, 2015. Its participants are Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. The Union is one of the largest economic associations with the free movement of goods, services, capital and labor. The meeting of the EAEU leaders is timed to coincide with the 10th anniversary of the signing of the treaty establishing the union.


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