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07/April/2021   Economic Diplomacy

Uzbekistan takes part in the 3rd EAEU Industrial Policy Council Meeting


TASHKENT, April 7. /“Dunyo” IA/. Tashkent hosted the 3rd meeting of the Industrial Policy Council of the Eurasian Economic Union (EAEU), reports “Dunyo” IA correspondent.

According to the Ministry of Investments and Foreign Trade (MIFT), the event was attended by a Member of the Board – Minister in charge of Industry and Agriculture of Eurasian Economic Commission Artak Kamalyan, Minister of Trade and Industry of Russia Denis Manturov, Minister of Industry of Belarus Petr Parkhomchik, Minister of Economy of Armenia Vahan Kerobyan, Minister of Energy and Industry of Kyrgyzstan Kubanychbek Turdubaev, Chairman of the Management Board of the Eurasian Development Bank Nikolay Podguzov, as well as heads of large investment and industrial companies and associations. Uzbekistan as an observer state to the EAEU was represented by the Deputy Prime Minister, Minister of Investments and Foreign Trade Sardor Umurzakov.

At the meeting, the main directions of industrial cooperation within the EAEU for the short and medium-term and the existing opportunities for the development of industrial cooperation in the Union countries and the implementation of joint investment projects in certain industries were revealed. The parties discussed effective mechanisms for supporting and financing industrial cooperation projects with the participation of the Eurasian Development Bank.

Participants of the meeting agreed to develop a medium-term program document to increase the level of provision of the EAEU countries with strategically important medicines and instructed the Commission to ensure that this issue is considered at the level of the heads of the Union member states.

A draft of a new strategic document – “Main directions of industrial cooperation until 2025”, was also approved. It will allow the Union member states to overcome serious challenges, such as increased competition and technological lag.

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