On 28 May in Astana, as part of the V Eurasian Economic Forum, a panel session titled “Industrial Cooperation in the EAEU: Business Ideas and Support Mechanisms” was held with the participation of Goar Barsegyan, Minister for Industry and Agro-Industrial Complex of the Eurasian Economic Commission.
Participants discussed prospects for the development of industrial cooperation within the Eurasian Economic Union, practical aspects of implementing joint manufacturing projects, improvement of business support mechanisms, as well as expanded participation of enterprises from EAEU countries in the formation of cooperative production chains.
“Over the past two years, we have completed the establishment phase of the financial support mechanism for industrial cooperation. As a result, a portfolio of initiatives has been formed, including more than 20 projects aimed at creating real cooperative production chains with the participation of all Union member states and with a total value of 25 billion roubles,” Goar Barsegyan noted.
According to the EEC Minister, the mechanism is already demonstrating practical effectiveness. The implementation of just the first five projects will make it possible to generate additional output worth 200 billion roubles, ensure 16 billion roubles in tax payments, and create more than 1,500 new jobs.
The session was attended by representatives of government authorities, business associations, development institutions, and businesses from the EAEU member states.
During the discussion, participants highlighted the importance of further developing cooperative ties between industrial enterprises of the member states, increasing accessibility of existing support mechanisms, involving small and medium-sized businesses in the implementation of joint projects, as well as strengthening cooperation between businesses, government institutions, and financial organisations.
Participants emphasised that the development of industrial cooperation remains one of the key practical areas for deepening Eurasian economic integration, aimed at enhancing industrial competitiveness, strengthening technological sovereignty, and reducing import dependence of the Union member states’ economies.
