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🇰🇬 Kyrgyzstan /Economy & Trade

EAEU should become strong pole in multipolar world: Kyrgyzstan PM

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

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  • Kyrgyzstan's Prime Minister Adylbek Kasymaliev called for the Eurasian Economic Union (EAEU) to become a strong, self-sufficient pole in a multipolar world.
  • He emphasized the need for energy and food security, and improved transport connectivity, urging the EAEU to develop concrete response mechanisms to global challenges.
  • Kasymaliev also highlighted the importance of digital trade, unified rules for the platform economy, and mutual recognition of academic degrees to boost competitiveness and human capital.

Kyrgyzstan's Prime Minister Adylbek Kasymaliev urged the Eurasian Economic Union (EAEU) to strengthen its position as a self-sufficient pole in a multipolar world. Speaking at an expanded meeting of the Eurasian Intergovernmental Council, Kasymaliev stressed that the union must prioritize energy and food security, alongside robust transport connectivity.

He identified rising global food prices and inflation as significant risks that could lead to social tensions. Kasymaliev called for enhanced monitoring of agricultural markets by the Eurasian Economic Commission to promptly address potential shortages and price hikes. "This work needs to be continued and strengthened," he stated.

This work needs to be continued and strengthened.

— Adylbek KasymalievKasymaliev called on the Eurasian Economic Commission to more actively monitor agricultural markets and respond promptly to possible shortages and price increases, emphasizing the need to strengthen efforts on food security.

Kasymaliev also focused on increasing the EAEU's appeal to businesses and citizens by ensuring the free movement of goods, services, capital, and labor. He highlighted the potential of an agreement allowing brokers and dealers from member states to participate in organized exchange trading, which he believes will expand financial market access and boost investment.

Furthermore, the Prime Minister advocated for unified rules in digital trade to foster growth and prevent cross-border barriers. He also underscored the importance of mutual recognition of academic degrees to build a common scientific and technological space, emphasizing that human capital and research are crucial for economic competitiveness in a knowledge-based economy. Kasymaliev noted the EAEU's recent free trade agreements with Indonesia, the UAE, and Mongolia, but stressed that expanding foreign trade must be matched by stronger internal economic competitiveness and accessible financing mechanisms for smaller economies.

Modern digital commerce should become our internal driver of growth. The absence of common supranational rules may lead to the emergence of cross-border barriers and an imbalance between the interests of the state, business, and citizens.

— Adylbek KasymalievKasymaliev stressed the need for unified rules for the platform economy, highlighting the potential risks of uncoordinated digital trade regulations.
DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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