EEU member countries, China agree on cooperation in the movement of goods

NUR-SULTAN (TCA) — In the framework of the St. Petersburg International Economic Forum in Russia on June 6, the Agreement on Exchange of Information on Goods and Vehicles of International Transport Moved across the Customs Borders of the Eurasian Economic Union (EEU) and the People’s Republic of China was signed, the official website of the Prime Minister of Kazakhstan reported.

The document was signed by the deputy prime ministers of the EEU member countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia), China, and the chairman of the Board of the Eurasian Economic Commission (the EEU’s governing body). First Deputy Prime Minister, Minister of Finance Alikhan Smailov took part as a representative of Kazakhstan.

The purpose of the agreement is to organize cooperation in the exchange of information on goods and vehicles transported across the customs border of the Eurasian Economic Union and the People’s Republic of China.

Alikhan Smailov also spoke at the session “Eurasian Economic Union. Future strategy.”

According to him, the EEU countries need to pay more attention to cooperation, the creation of regional value chains. In particular, large-scale cooperation projects can be implemented in processing industry, agriculture, transport and other areas.

Smailov announced the launch of the project “The EurasianNetwork of Industrial Cooperation, Subcontracting and Technology Transfer,” which, by building cooperative ties, will enable small and medium businesses to be involved in production chains.

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Times of Central Asia