An expanded meeting of the Eurasian Intergovernmental Council was held in Kyrgyzstan.
The heads of government of the member states of the Eurasian Economic Union noted that trade in the first half of 2021 grew by 32% in annual terms, reaching $ 33 billion.
Agricultural production increased by 0.6%
Industrial production: + 4.4%
Handling: + 6.5%
Trade volume with third countries: + 19.1% ($ 370 billion).
At the same time, the rise in food prices is the most significant challenge to the stability of the EAEU.
World food indices reached their highest values in the last 10 years: in June 2021, the indicator was exceeded by 31% compared to June 2020.
At the same time, growth is noted for most groups of goods: grain, meat, sugar, dairy products, etc.
To stabilize the situation, the prime ministers signed an order on uniform measures to regulate exports.
It applies to such goods as wheat, barley, corn, sunflower seeds and sunflower oil, as well as goods that are not included in the food group: timber, ferrous scrap, waste paper.
It was decided to apply uniform export control measures, such as export duties, export bans or export quotas.
A Eurasian Reinsurance Company will also be established. Its creation should contribute to building up trade potential both within the EAEU and in foreign markets.
The heads of government noted that the market of the Eurasian Economic Union should become a self-sufficient unit.
