At the meeting of the Supreme Eurasian Economic Council in St. Petersburg, President of Kazakhstan, Nursultan Nazarbayev summed up some results of the EAEU activities.
"The ending 2018 has become a particularly important year on the EAEU record. Despite the prevailing external conditions and risks associated with the volatility of the global economy, we managed to maintain a positive growth trend. January-September saw a significant increase in the external trade. The total GDP of the EAEU has grown. I am particularly pleased that capital investments have grown by 6.2% and industrial production by almost 3.5%. One of the important indicators of cooperation is the opening of joint ventures. In Kazakhstan alone, since the EAEU launch, the number of such joint ventures increased by almost 70%, there are more than 10 000 ventures," - he told the Supreme Eurasian Economic Council meeting.
The President also mentioned that in 2018 the new Customs Code came into effect. The main directions of the digital agenda through to 2025 are being implemented.
Satellite monitoring of transit cargo has been tested between, for example, Kazakhstan and Russian customs services.
Summing up the work for the year, the President of Kazakhstan also noted that work is continuing to eliminate barriers and restrictions in mutual trade. International cooperation is actively developing: observer status in the EAEU has been granted to Moldova, important agreements were signed with China and Iran, and negotiations are underway on five other priority trade routes - Singapore, India, Egypt, Serbia and Israel.
"This year we have accomplished a really scaled work and should further develop our integration association," Nazarbayev said.
By Yulia Mager for the Kazakhstanskaya Pravda.
