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EAEU continues to develop with the logic of creating a single market of energy carriers. Pashinyan

The regular session of the Eurasian Intergovernmental Council was held in Moscow under the chairmanship of Prime Minister Nikol Pashinyan.

At the session, Prime Minister Pashinyan made a speech, in which he specifically stated:

"Dear members of the Eurasian Intergovernmental Council,

Dear participants of the session,

I am pleased to welcome you to the final meeting of this year's Eurasian Intergovernmental Council.

First of all, I would like to sincerely thank the President of the Government of the Russian Federation, Mikhail Mishustin, for hosting today's meeting and organizing it at a high level.

Dear Oljas Abai, accept my congratulations and best wishes on your birthday. I am sure that your experience, high professionalism and business qualities will help you successfully solve the problems of advancing the interests of the Republic of Kazakhstan from now on.

partners,

In the conditions of modern realities, the activity of EAEU has given an additional impetus to the development of economic cooperation between the member states, contributing to the dynamics of the economic growth of our states on various scales.

The free movement of goods, services, capital and labor in the territories of EAEU member states is a basic principle. Of course, one of the key criteria for assessing the efficiency of cooperation remains the identification and elimination of barriers to mutual trade, which is fixed in the priority directions of the Armenian presidency.

In this context, we welcome the Commission's efforts to analyze the dynamics and identify the main trends in the emergence and elimination of barriers.

We also consider it important to effectively implement the roadmap for creating favorable conditions for the development of electronic commerce. This will allow not only to facilitate digital trade procedures, but also to create a more predictable and stable environment for all participants in the process, which in turn will become another tool to ensure the stable operation of the EAEU internal market.

From the point of view of the implementation of the objectives and tasks of EAEU, the launch of the financial support mechanism for cooperative projects was a key element. This is a significant step in the direction of increasing the competitiveness of industry in our countries, and if the right approach is taken, it can contribute to the creation of high-tech products and the expansion of industrial cooperation.

We support the awareness of the possibilities of this mechanism with the aim of the participation of Armenian enterprises in prospective cooperative projects. Our country's industrial potential, including the fields of jewelry and pharmaceuticals, as well as agro-processing, has significant development prospects within the framework of cooperation with partners from other member countries.

For the effective implementation of the financial support mechanism, we support proposals to expand the list of international financial organizations and optimize the terms of consideration of applications, which will open up additional opportunities and speed up the process of implementing joint initiatives.

Another key topic is the development of the transport and logistics potential of the EAEU, where the capabilities of the member states are not fully utilized. In this context, I consider it necessary to once again mention the importance of the large-scale "Crossroads of Peace" infrastructure project for our region, which implies the creation and modernization of a number of transport and communication routes.

This project, initiated by the Republic of Armenia, will ultimately provide favorable conditions for the development of transport and trade-economic relations between all interested states, based on the principle of sovereignty and jurisdiction, as well as equality and reciprocity.

Dear heads and members of delegations,

EAEU was originally created and continues to develop with the logic of creating a common market of common areas, including energy carriers. However, in practice, the implementation of this principle faces various difficulties, as a result of which some of the announced initiatives do not work fully.

Taking into account the complex structure of this sector, the effectiveness and timely implementation of the formation of a single market of energy carriers depends on the readiness of the parties to find compromise solutions.

I am confident that a coordinated approach, coordination of interests and willingness to make compromises will help strengthen energy security, as well as speed up the process of creating a single market of energy carriers.

Dear participants of the meeting,

In the end, let me once again confirm the readiness of the Republic of Armenia for mutually beneficial cooperation aimed at increasing the efficiency and practical results of the Eurasian Economic Union.

Since this is the last session of the Intergovernmental Council this year, I would like to sincerely thank all the members of the Council for their effective work and support for the practical implementation of the initiatives of the Armenian presidency.

Thank you for your attention."

During the session, agenda items related to cooperation in the industrial sector, the development of e-commerce within the framework of the Eurasian Economic Union, the formation of a common market in the field of energy resources, the draft budget of the Eurasian Economic Union for 2025, etc. were discussed.

Minutes of decisions taken at the session were signed.

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