Integration . Partnership. Cooperation

March 29. Kazpravda

Integration . Partnership. CooperationToday, March 29, 2014 is 20 years since the historic lecture of Kazakhstan’s President Nursultan Nazarbayev at the Moscow State University, in which he first floated the idea of creating the Eurasian Economic Union that gave a start to the action programme for years ahead and determined the integration vector, which enhanced cooperation.

At the start of creating the Eurasian Economic Community (EurAsEC) in 2001, all the member countries were, figuratively speaking, at the foot of the integration pyramid to later reach its own height in it. Kazakhstan, Russia and Belarus have been moving practically at the same pace, which led to a closer cooperation within the Customs Union and the Common Economic Space. This CU troika is on the threshold of the abuilding Eurasian Economic Union.

– In our union, the political sovereignty of the member-countries is strong and unshakable. It is an axiom. Moreover, economic integration is developed in order to strengthen the nationhood, to make it more sustainable through sustainable economy, – the President of Kazakhstan told one of the meetings.

Integration processes in the world are gaining momentum, and it is a time imperative. Insulation in the time of globalization is a dead-end path of development.

Close interaction enables to pursue a uniform trade policy in relation to third parties, to form a common market, which aims to provide a free trade and mutual freedom of capital and labor resources’ movement to the participants. Creation of free trade zones, customs unions and other partnerships is a good incentive to the national economies to improve production and innovation.

It is obvious that nowadays, collective response to external threats and challenges in economy comes to the foreground. The Eurasian Economic Union that Kazakhstan, Russia and Belarus are building is pursuant to this very end.

* * *

Draft agreement on the Eurasian Economic Union mulled in Moscow

March 29. Kazpravda

By Sergei Osanov

First Deputy Prime Minister of Kazakhstan Bakytzhan Sagintayev attended a regular meeting of the Eurasian Economic Commission’s Council in Moscow that discussed uppermost issues of the Customs Union and the Common Economic Space development.

The topmost topic of the meeting was the draft Agreement on the Eurasian Economic Union, whose parties mulled the key issues of their teamwork on the draft and provisions to meet the mutual interests in further integration. Trade policy, technical regulations and sanitary and phytosanitary measures were mooted. The parties came to terms on the key sectors of economy- industry, agribusiness, monetary policy, financial markets, laying in the draft the opportunities for mutually beneficial development in these areas.

Cooperation in the development of competition, transport, energy and natural monopolies was brought up. Progress has been made in the drafting on main aspects of mutually beneficial cooperation. To develop in the Customs Union the production of materials for high-tech consumption areas, it was resolved to bring down the import duties on rare earth metals.

Teamwork on economic integration, the meeting concurred, points to a high cooperation plane and commitment of the parties to an efficient use of the equal partnerships’ capacity.