Friday, February 3 2023 15:02
Naira Badalian

Armenia is interested in reaching early consensus on project to form common EAEU gas market

Armenia is interested in reaching early consensus on project to form common EAEU gas market

ArmInfo.RA  Prime Minister Nikol Pashinyan took part in the extended-format session of the Eurasian Intergovernmental Council in Almaty, the press service of  the RA Premier reports.

The event was attended by the Heads of Government of EAEU countries,  as well as the prime minister of Uzbekistan and the diplomatic  representative of Cuba in the Union.  

At the session, Prime Minister Pashinyan made a speech, in which he  specifically noted:  "Dear Heads of Government, Dear members of  delegations, I am pleased to welcome the participants and guests of  this year's first session of the Eurasian Intergovernmental Council.   Let me start my speech with words of gratitude to Alikhan Smailov for  the invitation and for organizing today's meeting at a high level.   Taking this opportunity, I want to wish the presiding party and  personally to Mikhail Mishustin fruitful work and success in the  implementation of the priority directions outlined by the Russian  presidency.  I sincerely welcome the Prime Minister of the Republic  of Uzbekistan Abdulla Aripov and the honorable representative of  Cuba, confirm my readiness to develop effective cooperation with the  observer states.  Before moving on to the issues of today's agenda, I  would like to note that despite the geopolitical tension, mutual  trade in the Union continues to demonstrate positive dynamics. 

The trade turnover between Armenia and the EAEU states in  January-November 2022 increased by more than 90% compared to the same  period of 2021 and amounted to 4.6 billion US dollars. At the same  time, import by country of origin of goods increased by more than  50%.  Dear colleagues, For the further development of the Union, we  need to continue systematic and consistent work based on a solid  foundation of internal capacities and resources aimed at ensuring  economic development, increasing the competitiveness of national  economies and the well-being of our citizens.  To achieve these  goals, it is important to create favorable conditions for business,  to work on eliminating barriers, to increase cooperation in the field  of entrepreneurship.  Of course, measures aimed at supporting  producers at all stages of production still have a decisive role.  

In this context, I would like to note the importance of speedy  development and adoption of legal acts aimed at introducing  mechanisms for financial support of industrial cooperative projects  with integration potential.  The development of this direction,  according to our estimates, will allow industrialists to concentrate  their efforts on their own production in such branches of economy as  mechanical engineering, radio electronics, aircraft construction,  software production, pharmaceutical and medical industry.  The  formation of the competitive industry of the Union is completely  determined by the level of technological independence and the  dynamics of the introduction of new technologies. These are the  undisputed priorities of the EAEU in the near and medium term.   Strengthening the technological independence of EAEU member states is  directly dependent on the transition to a new technological system  and cannot be implemented all at once. It requires defining strategy,  stages, expenditures that depend on the level of technological  development of EAEU industries and, as a result, the transition will  require the modernization of existing productions, as well as the  creation of new innovative sectors of industry.  It is quite obvious  that for these purposes, a technological forecasting system should be  established in the Union for the timely identification of the most  promising trends in the field of technological development.  At the  same time, an important element of interaction can be the creation of  a data bank of the best available technologies.  

Dear colleagues, I want to note that we also attach great importance  to the development of local and pan-EAEU systems of food safety.  We  believe that the activation of cooperation on the creation of a  system of collective food security of the EAEU member states will in  the future allow to increase the efficiency of the use of available  resources, restrain inflation, ensure the availability of food and  activate mutual trade.    I consider the formation of common markets of energy resources to be  another important component of the integration cooperation of the  EAEU.  In this context, I would like to underline our interest in  reaching consensus as soon as possible on the unregulated issues of  the draft international treaty on the formation of a common gas  market and once again confirm our readiness for a constructive  approach for their solution?  Within the framework of the issues of  the EAEU common electric power market, I consider the flexible and  multi-vector approaches laid down in the basis of the "Rules for  Access to Interstate Electricity Transmission Services" to be  relevant for Armenia.  In particular, the Rules will make it possible  to ensure connection to the energy systems of the EAEU member states  through a country that is not a member state of the Union (in our  case, through Georgia), thereby creating technical and legal  prerequisites for concluding mutually beneficial market contracts.    Dear meeting participants, In order to fully launch the integrated  information system of the Union, we need to synchronize our actions  in this direction, which will allow us to form a reliable "digital  framework" to ensure the freedom of movement of goods, services,  capital and labor.  The development of the digital economy and the  introduction of digital technologies is an objective necessity for  the formation of a single digital space. In this context, I would  like to note the relevance and high demand for the tools of the  interstate information exchange system, the creation and development  of digital projects with an integration effect.  And irrespective of  the achievements, we need to constantly review and expand the  priorities of the digital agenda. In this context, I would like to  note that the Almaty Digital Forum has become one of the effective  platforms for a comprehensive dialogue with interested participants  to discuss issues of digital transformation and prospects for digital  development.  

Dear colleagues, In conclusion, I would like to wish us all success  and fruitful work and once again confirm the readiness of the  Armenian side to make efforts in implementing the priority directions  of Eurasian integration.  

Thank you for attention".  The Prime Ministers of the Eurasian  Economic Union countries discussed a number of topical issues related  to Eurasian integration. In particular, reference was made to the  operation of the EAEU internal market, the financing of industrial  cooperative, the development of the agro-industrial complex, and  cooperation in the energy sector.  

The implementation of the digital agenda, in particular, the  improvement of the integration information system of the Union, was  highlighted.  Minutes of decisions taken at the session were also  signed. The next session of the Eurasian Intergovernmental Council  will take place in June in Sochi.  Prime Minister Nikol Pashinyan's  wife, Anna Hakobyan, visited the Museum of Folk Instruments of  Kazakhstan and the State Art Museum in Almaty, toured the exhibition  halls and got acquainted with the presented samples.  PM Pashinyan's  working visit to Almaty is over. 

POST A COMMENT
Input digits     


News
Ameriabank`s Trade Finance portfolio enriched with four prestigious awards from EBRD and IFCAmeriabank`s Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC
Armenia-UAE economic and technical cooperation commission to meet in  Abu Dhabi Armenia-UAE economic and technical cooperation commission to meet in  Abu Dhabi 
Armenia`s government plans to implement housing programme for  forcibly displaced people in next 10-12 yearsArmenia`s government plans to implement housing programme for  forcibly displaced people in next 10-12 years
Communications Museum re-opened in YerevanCommunications Museum re-opened in Yerevan
Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy MinisterDouble increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister
Rocket Line - now for 60 months: Idram and IDBankRocket Line - now for 60 months: Idram and IDBank
Rising prices for services, going into shadows and closing businesses  - incomplete list of Rising prices for services, going into shadows and closing businesses  - incomplete list of "expectations" from revision of turnover tax  rate from SME Cooperation Association President
Liability for misrepresented information is proposed in ArmeniaLiability for misrepresented information is proposed in Armenia
Government proposes to make changes to car trade system within  Government proposes to make changes to car trade system within  "Trade-in" program
Armswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transitionArmswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transition
Armenian lawyers unwilling to pay taxes on universal basisArmenian lawyers unwilling to pay taxes on universal basis
EU Commissioner: EU will continue to contribute to economic  development of ArmeniaEU Commissioner: EU will continue to contribute to economic  development of Armenia
PM discusses opportunities for diversifying Armenian economy with WB,  IFC management PM discusses opportunities for diversifying Armenian economy with WB,  IFC management 
EBRD President considers programs implemented by Bank useful for  development of private sector in ArmeniaEBRD President considers programs implemented by Bank useful for  development of private sector in Armenia
EBRD lends up to US$ 10 million to Armeconombank for MSME on-lendingEBRD lends up to US$ 10 million to Armeconombank for MSME on-lending
Armenia benefits greatly from influx of capital and IT specialists -  EBRD chief economistArmenia benefits greatly from influx of capital and IT specialists -  EBRD chief economist
Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027
Idram Junior and Koreez signed a memorandum of cooperationIdram Junior and Koreez signed a memorandum of cooperation
During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
Government to allocate additional AMD 3 billion to finance state  order for healthcareGovernment to allocate additional AMD 3 billion to finance state  order for healthcare
EBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEsEBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEs
Pankin: Armenia`s suspension of CSTO funding isn`t tragedyPankin: Armenia`s suspension of CSTO funding isn`t tragedy
Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion 
EBRD Governors re-elect President Odile Renaud-Basso for second termEBRD Governors re-elect President Odile Renaud-Basso for second term
EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia 
No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFANo specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in ArmeniaPashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
Odile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factorsOdile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factors
Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
EBRD promises unprecedented investments in Armenian economyEBRD promises unprecedented investments in Armenian economy
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President 
French Development Agency, Armenian government to expand cooperation  areas and programs` scope French Development Agency, Armenian government to expand cooperation  areas and programs` scope 
The Power of One Dram Sums up the Two-Year Program with Teach for ArmeniaThe Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia Noubar Afeyan willing to use his potential to strengthen Armenia 
Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exportsMinistry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
Grigori Zakaryan: “Capital markets have a crucial for economic development.”Grigori Zakaryan: “Capital markets have a crucial for economic development.”
Ambassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEUAmbassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEU
EBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEsEBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs
Thanos Arvanitis: The time has come for Armenia to accelerate reformsThanos Arvanitis: The time has come for Armenia to accelerate reforms
Armenia to host 33rd EBRD Business Forum with flagship sponsorship of ArdshinbankArmenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank
EAEU economic operators will become more recognizable when carrying  out foreign economic activitiesEAEU economic operators will become more recognizable when carrying  out foreign economic activities
Martin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decreaseMartin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decrease
About 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economyAbout 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economy
92% tax revenues recorded in Armenia in 1st quarter of 2024 92% tax revenues recorded in Armenia in 1st quarter of 2024 
IDBank issues the 2nd tranche of dollar bonds of 2024IDBank issues the 2nd tranche of dollar bonds of 2024
Armenia to be next country to host ACE programArmenia to be next country to host ACE program
Armenia agrees to EBRD expansion Armenia agrees to EBRD expansion 
Alkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure developmentAlkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure development
CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%
Government writes off 469 financial obligations of Artsakh citizens  on loans secured by goldGovernment writes off 469 financial obligations of Artsakh citizens  on loans secured by gold
Food products, services cause of 0.8% inflation in Jan-Apr 2024 Food products, services cause of 0.8% inflation in Jan-Apr 2024 
Armenia`s Deputy Premier receives IMF delegationArmenia`s Deputy Premier receives IMF delegation
Armenian Economy Minister travels to USA on week-long working visitArmenian Economy Minister travels to USA on week-long working visit
Armenia is trapped in Armenia is trapped in "Dutch disease" - economist
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens“By Your Side”: IDBank`s new support program for displaced Artsakh citizens
Team Telecom Armenia develops Be Free packageTeam Telecom Armenia develops Be Free package
Read more


Exchange rates
20.05.2024
RUB4.290.03
USD387.970.37
EUR421.761.64
GBP492.842.53
CAD284.920.76
JPY24.910.04
CNY53.640.01
CHF426.900.68