Belarus President Aleksandr Lukashenko took part in the session of the Supreme Eurasian Economic Council in Nur-Sultan, Kazakhstan on 29 May, BelTA has learned.
“Today's meeting is celebrating the fifth anniversary of the Eurasian Economic Union Treaty. On 29 May 2014 the presidents of Belarus, Kazakhstan and Russia signed the historical document in Astana. Later, the union was joined by Armenia and Kyrgyzstan, which heralded a new stage in the development of the Eurasian integration,” the Belarusian leader stressed.
“The union is still very young but has already proved its worth”
Aleksandr Lukashenko praised the progress made in the union: “The Eurasian Economic Union is still too young. However, it has already proved its worth and self-sufficiency, providing our countries with an additional source for economic growth that helps us withstand negative trends in the world. This potential is still hugely untapped. Great prospects are ahead of us.”
In the recent years the mutual trade in the union has been growing (up more than 27% in 2017 year-on-year and almost 12% in 2018). “Though we are now concerned over a slowdown in the growth in the trade. At the same time it has been steadily rising with third countries,” the head of state said.
The EAEU has been widely using national currencies in mutual settlements. Inflation risks and unemployment issues have been taken under control. “The EAEU member states have been synchronizing their development processes, gradually aligning positions to pursue a coordinated macroeconomic policy. We need to use these practices, including for developing common strategies in industry, agriculture, transport, energy and other sectors,” the Belarusian president said.
Written by belta.by
