Posted: 25.12.2023 22:00:00

EAEU leaders adopted declaration on union further development until 2030 and for the period until 2045

The leaders of the EAEU member states at the summit in St. Petersburg adopted a declaration on the further development of the Eurasian Economic Union until 2030 and for the period until 2045, BelTA reports

The heads of state also approved instructions to develop measures to implement the declaration.

“It is important that our countries live not only in the present. We clearly understand the goals of integration in the foreseeable future. At the initiative of the Russian side, a declaration was prepared defining the Eurasian Economic Union development goals until 2030 and the contours of integration until 2045. In the strict spirit of economic pragmatism, specific and understandable goals have been outlined: further construction of the common Eurasian market, provision it with key goods and resources, development of co-operation, formation of a common transport and logistics space and a common financial market, active international positioning of the EAEU,” the President of Belarus said in his speech at the summit.

“The declaration defines the most important directions in which we will move. This is a conceptual aspect. Therefore, today we decided, speaking in a narrow format, that in conjunction with the declaration for its development, we need to adopt a roadmap – a particular plan for our development. It won’t be easy, but we will accept such a plan,” added the Belarusian leader.

In total, the meeting tackled more than two dozen different issues.

Following the summit, the Chairman of the Eurasian Economic Commission’s Board, Mikhail Myasnikovich, stressed that the signed declaration removes the doubts of a range of sceptics regarding the EAEU prospects, since the adopted document is oriented until 2045. This means that projects and programmes will be able to work for a long time. “In general, this is a very important positive signal for investors, the banking system and business that should be paid attention to,” he said.

As far as the development of a roadmap for the implementation of the declaration is concerned, Mikhail Myasnikovich noted that this would be a very difficult issue. In this regard, he appealed to the media with a request to provide information support for the implementation of the declaration.

The heads of state were also reported on the main results of the EAEU functioning since 2015, and options for solving long-standing problems were proposed. Meanwhile, Mikhail Myasnikovich believes that the main thing is that over the past period since the establishment of the EAEU there has been no stagnation in development, and there have been no systemic shortcomings. On the contrary, the welfare of the population of the EAEU member states is ensured.

The EAEU leaders also decided on the main guidelines for the macroeconomic policy of the EAEU states for 2024-2025. The document reflects that the priority directions for achieving in the future the trajectory of annual growth of the EAEU’s GDP at a rate higher than the rate of development of the world economy should be the creation of favourable macroeconomic conditions for increasing investment volumes; the development of the sci-tech potential of the EAEU; the strengthening of the production base of the EAEU member states and developing co-operation in the real sector; the development of the EAEU’s internal market and expansion of export opportunities.

The EAEU leaders discussed the main directions of the EAEU’s international activities for 2024. Priorities for interaction with the CIS states, other neighbouring countries, as well as observer states of the EAEU are maintained. Much attention was devoted to the need to develop a deeper and more systematic dialogue with the SCO, including with the assistance of the Kazakh presidency over this organisation. They also discussed co-operation with BRICS and other associations.

In this regard, Mikhail Myasnikovich mentioned the proposal of the President of Belarus to hold an EAEU-SCO-BRICS summit in the near future. “This could be a landmark event to deepen and fill our interaction with new content,” he noted.

The heads of state were presented with information on the situation on eliminating barriers and reducing exemptions and restrictions in the EAEU internal market.

One of the summit’s decisions concerns the creation of a new legal institution in the field of customs regulation – an electronic commerce operator – which will provide logistics and customs clearance of transactions with goods purchased by individuals via the Internet. A corresponding protocol on amendments to the Treaty on the EAEU Customs Code was signed.

The heads of state also signed a decision to approve the budget of the Eurasian Economic Union for 2024, with budget expenditures being significantly increased against the 2023 level.

On the sidelines of the summit, a Free Trade Agreement was signed between the Eurasian Economic Union and its member states, on the one hand, and the Islamic Republic of Iran, on the other hand. It will significantly increase the competitiveness of goods from the EAEU member states and thereby increase exports to Iran. The document as a whole will contribute to the growth of trade turnover, as well as the intensification of co-operation and investment interaction.