Politics, World

Eurasian Economic Union celebrates 10th anniversary in Kazakhstan

Trade volume between member countries has reached $85 billion, says Kazakh prime minister

Meiramgul Kussainova  | 03.02.2024 - Update : 04.02.2024
Eurasian Economic Union celebrates 10th anniversary in Kazakhstan Kazakh Prime Minister Alihan Ismailov (C) hosts the Intergovernmental Council of the Eurasian Economic Union (EAEU) meeting in Almaty, Kazakhstan on February 02, 2024

ASTANA, Kazakhstan

The Eurasian Economic Union met on Friday in Almaty, Kazakhstan.

Russian Prime Minister Mikhail Mishustin, Belarusian Prime Minister Roman Golovchenko, Armenian Prime Minister Nikol Pashinyan and First Deputy Chairperson of the Council of Ministers of Kyrgyzstan Adylbek Kasymaliev attended the council meeting hosted by Kazakh Prime Minister Alikhan Smailov.

In his opening speech, Smailov said that this year they are celebrating the 10th anniversary of the establishment of the bloc.

The member countries have a total gross domestic product worth $2.7 trillion, he said.

The trade volume between the member countries has reached $85 billion, the Kazakh leader said.

Stressing the importance of removing trade barriers between the member countries, he said: "Our exporters often face hidden restrictions.”

“Therefore, the free movement of cargo remains crucial for us,” he said. “We must create an unhindered common market and ensure the transportation of products to third countries.”

“This should be facilitated by the digitalization of all procedures,” he said.

*Writing by Merve Berker

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