Actual aspects of cooperation with the EAEU discussed
06/05/2020 21:10
Actual aspects of cooperation with the EAEU discussed
06/05/2020 21:10
Tashkent, Uzbekistan (UzDaily.com) - On 6 May 2020, a meeting of the Senate Working Group of the Oliy Majlis of the Republic of Uzbekistan was held to study the issue of cooperation with the Eurasian Economic Union.
The participants in the meeting, which took place via videoconferencing, were members of the working group, heads of relevant ministries and departments, experts and media representatives.
During the meeting, it was noted that the Eurasian Economic Union (EAEU) is a regional international organization for economic integration. To date, members of the organization are Armenia, Belarus, Kyrgyzstan, Kazakhstan and Russia. The observer status is Moldova. The organization has signed free trade agreements with a number of countries, such as Vietnam, Iran, Singapore, Serbia. An agreement on trade and economic cooperation has been signed with the People's Republic of China.
It was noted that issues related to cooperation between Uzbekistan and the EAEU were discussed several times with the participation of the heads of ministries and departments, as well as with the participation of scientists and specialists. Under the Cabinet of Ministers, 19 relevant ministries and departments, working groups have been formed, which conducted a comprehensive study and analysis on the issue of economic integration in 16 major sectors.
In addition, the Uzbek-Russian working group and expert groups have been organized at the system level to assess the consequences of Uzbekistan joining the EAEU. Problems identified in the relevant areas have been carefully studied.
Along with this, this issue was analyzed by leading foreign and local consulting companies, in particular, Boston Consulting Groups (BCG), the Gaidar Institute, the Center for Economic Research and Reforms under the Presidential Administration, and relevant conclusions and proposals were prepared.
Based on the justified conclusions of these structures, during the meeting the main aspects of the impact of cooperation with the EAEU on the economy of the republic were announced. It was emphasized that the growth of foreign trade, increasing the competitiveness of products, industries and the economy as a whole, a balanced labor market and the ability to protect the rights of labor migrants in the medium term will have a positive impact on the economy of Uzbekistan.
During the meeting, other aspects related to the cooperation of Uzbekistan in the framework of the EAEU were also considered. The members of the working group voiced a number of questions, to which comprehensive answers were received from experts and relevant heads of relevant departments of the republic.
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