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Alexei Overchuk chairs meeting of Economic Integration Sub-Commission of the Government Commission on Economic Cooperation and Integration

The meeting participants reviewed matters of the Russian Federation’s involvement in the Eurasian Economic Union and interaction with the Organisation for Economic Cooperation and Development (OECD).

On 25 January, Russian Deputy Prime
Minister Alexei Overchuk chaired a meeting of the Economic Integration
Sub-Commission of the Government Commission for Economic Cooperation and
Integration.

Meeting participants reviewed topical
matters of Eurasian economic integration and focused on implementing the Strategic Guidelines for Expanding Eurasian Economic Integration up
to 2025.

The relevant 2022-2023 action plan includes over 200 measures.
Alexei Overchuk noted the importance of the strategy that determines EAEU
development guidelines and said federal executive agencies should be proactive
in implementing it.

The participants discussed macroeconomic indicators highlighting
the positive role of integration for all EAEU member states in 2021. According
to analysts, the EAEU’s 2021 GDP will grow by 4 percent over 2020 levels.   

They also discussed the efforts to
eliminate barriers in the EAEU’s domestic market. The Deputy Prime Minister
noted the effectiveness of this effort and added that it was necessary to
constantly control the situation and prevent decisions that might be
interpreted as barriers.

They approved the practice of using
intra-EAEU digital projects, including the Travel
without COVID-19 and Working in the EAEU mobile apps.

Meeting participants also reviewed
matters of interaction with the Organisation for Economic Cooperation and
Development.

While discussing this, the participants
paid special attention to the Russian Federation’s involvement in the OECD’s new
climate initiatives, specifically, the International
Programme for Action on Climate (IPAC) and the Project on improving the carbon pricing
score. Alexei Overchuk noted that, after joining IPAC in 2021, the Russian Federation became actively involved in discussions between countries that aimed to
draft the programme’s economic indicators. The Deputy Prime Minister emphasised
the need for comprehensive work in this area. For these purposes, the
sub-commission’s members approved the inter-departmental allotment of duties,
as regards IPAC indicators.

They also discussed further interaction
with the OECD and adopted decisions for expanding mutual cooperation on various
projects. The concerned agencies were instructed to draft a plan for the Russian Federation’s
interaction with the Organisation for Economic Cooperation and Development in
2023 and 2024.

Source

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