Made in Russia discusses new architecture of EEU



“Made in Russia” export forum discusses new architecture of EEU trade and economic cooperation

The event was held in Moscow on 19-20 October

The two-day International Export Forum “Made in Russia” ended at the Manege Central Exhibition Hall in Moscow.

The forum is organised by the Russian export centre. TV BRICS was the media partner of the event.

The event included a session entitled “New architecture of trade and economic interaction between the EEU”, which was devoted to popular and effective measures to stimulate and develop industrial cooperation between entrepreneurs of the EEU countries. The participants discussed how to increase the efficiency of cooperation projects, provide barrier-free access to promising markets and make the EEU more attractive to new partners, involving them in the creation of joint production chains.

The other day, Tigran Sargsyan, Deputy Chairman of the Board of the Eurasian Development Bank, announced the launch of the next contest of digital projects of the Eurasian Development Bank’s Fund for Digital Initiatives (EDB Digital Initiatives Fund).

In an exclusive commentary to TV BRICS, the participant told why today the member countries of the association and the financial institution support projects in the field of digitalisation and integration.

“The winner gets the opportunity to use the tools that our bank has. In particular, we offer grants, loans or equity participation to winners. That is, it is an opportunity to scale their products and spread the solutions they offer to the entire Eurasian space,” he said.

The EEU is expanding its presence in Asia, including through free trade zones.

Andrey Slepnev, Member of the Board, Minister in Charge of Trade of the Eurasian Economic Commission, said which countries are being negotiated with today and what prospects this opens up for the union’s businesses and economies.

“Especially given the major changes that are taking place, we in the Eurasian Union have finalised negotiations with Iran and we expect that in the near future, after the final approvals of the documents by the bodies of the union, we will be able to go to the signing. We expect it to take place before the end of 2023. In addition, we are now in active negotiations with Egypt and the UAE, important partners in Africa and the Arab world. An important direction is negotiations with Indonesia, one of the largest ASEAN economies,” he said.

On the margins of the forum, the session “Russia-Iran: expanding opportunities” was also held, where participants discussed the implementation of joint projects, mutual investments, strengthening direct contacts between the regions of the countries.

“Our colleagues from Iran for 40 years have been able to build and logistics supply chains of their own equipment, developed their technological base. They have good potential in the field of oil production, gas production. We know their capabilities in the energy sector of gas turbine production, automotive industry,” said Leonid Lozhechko, Chairman of the Russian-Iranian Business Council, in an exclusive commentary for TV BRICS.

Mehdi Sadeghi Niaraki, Vice-President of the Chamber of Commerce, Industry, Coal Industry and Agriculture in Tehran, noted that trade turnover between Russia and Iran has reached five billion US dollars: “Political and economic cooperation is at the highest level because Russia and Iran have agreed to exchange goods that are of interest to both sides. It is necessary to conduct trade in our national currencies and improve the process of transporting goods.”

Veronika Nikishina, General Director of the Russian Export Centre, spoke about the Regional Export Standard 2.0 tool: “This is a combination of all 15 tools that allows each region to approach the readiness to help exporters as efficiently as possible. What is it? For example, it is an export strategy. That is, if a region is seriously engaged in export support, it is obliged to have an export strategy, a set of actions by which it promotes its export asset in its particular industry.”

She noted that it is planned to introduce the regional export standard in 75 Russian regions in 2023.

The Made in Russia International Export Forum is organised for entrepreneurs – exporters and those who plan to scale their business, enter the export market and find new partners.





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