Tokayev called on the EAEU to create conditions for the relocation of companies due to sanctions

Foreign companies cannot ignore the advantages of the location of the EAEU countries and the potential of the 180 million consumer market, President of Kazakhstan Tokayev emphasized

Kasym-Zhormat Tokayev

In the Eurasian Economic Union (EAEU), it is necessary to create comfortable conditions for the relocation of foreign companies, taking into account the sanctions context. This was stated by President of Kazakhstan Kassym-Zhomart Tokayev at a meeting of the Supreme Eurasian Economic Council (SEEC).

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“Even the world's giants are well aware of the advantages of the geo-economic location of the Eurasian Economic Union, moreover it is impossible to ignore the potential of our 180 million consumer market, — he emphasized.

Tokayev urged to speed up the completion of joint projects of the countries — members of the EAEU and start new investment projects, improve “high-speed transcontinental corridors” to ensure global competitiveness.

In his opinion, it is necessary to direct common efforts towards the dynamic development of trade and economic cooperation, which will become “a guarantee of collective immunity in the face of global challenges.

The President of Kazakhstan also considered the sanctions confrontation unprecedented.

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Russian President Vladimir Putin, in turn, stressed that “life dictates the need to create a truly barrier-free, single market in the EurAsEC space.” He expressed confidence that closer integration will allow the participating countries to become economically stronger and less dependent on external conditions.

“The advantages of the integration course are especially obvious now, in the current difficult international situation, in the face of practically aggression from some states that are unfriendly to us,” — he noted.

According to him, the EAEU countries are actively negotiating a full-fledged free trade agreement with Iran. The President of Russia also proposed to start negotiations on a free trade agreement with Indonesia and to study the issue of concluding a preferential trade agreement with the UAE. members of the Customs Union and the Common Economic Space signed the Treaty on the Eurasian Economic Union. Prior to that, in February 2012, the Eurasian Economic Commission began its work.

The members of the Union are Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. Kyrgyzstan is chairing the union this year. Free movement of goods, services, capital and labor is ensured between countries, as well as the conduct of a coordinated, coordinated or unified policy in the sectors of the economy.

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