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All news / Prospects for developing agricultural trade within the EAEU were discussed at the Gaidar Forum

  • 31 Jan 2022, 09:56

On January 13, the session on the Integration Potential of the Eurasian Market was held within the Gaidar Forum-2022. Authorities discussed the factors influencing the formation of a common market. Sergey Levin, Deputy Minister of Agriculture of Russia, attended the event and briefed on current areas of interaction between Russia and the EAEU in the agricultural and food trade.

He noted that the Union's countries are an important market for Russian agricultural products. The mutual trade is balanced, with Russia supplying almost as much as it buys. 

During the pandemic, the EAEU member states managed to maintain a positive trend in trade turnover. Nevertheless, there are still several tasks to be solved to fully unlock the existing potential. It particularly concerns the strengthening of mutual control of agricultural products supplies.

There has already been taken the first significant step in this direction. Last year, the EAEU states adopted a joint decision on unified export regulation measures, which implies uniformity of the tools used and agreement on the nomenclature, regarding which the relevant measures can be applied. Also, there is a need to ensure traceability of goods from production to the consumer.

 

Source: mcx.gov.ru