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The Eurasian Economic Commission is discussing the draft of the main directions of industrial cooperation of the Eurasian Economic Union member states until 2030, press service of the Ministry of Trade and Integration reports Recall that the industrial policy within the EAEU is formed by the member states independently, with the main directions of industrial cooperation approved by the Eurasian Intergovernmental Council for a 5-year period. The Main Directions of Industrial Cooperation is a medium-term strategic document that defines the goals, objectives, directions and instruments of such cooperation, as well as priority economic activities for interaction between the EAEU countries in the industries. In order to form the main directions for the period up to 2030, the industrial block of the Commission together with the experts of the EAEU member states has developed a draft of the relevant document. Based on the results of the discussion, the following tasks were identified as priorities: stimulating the advanced growth of industrial production in the member states by using the potential of the EAEU market, joining efforts to localize joint production in the territories of the member states, strengthening cooperation, developing mechanisms to support the implementation of cooperation projects in the industrial sector, etc. A corresponding action plan for the implementation of the main directions in the industrial sphere, taking into account the position of the Kazakhstani side, has also been formed. The implementation of this document will allow to maintain a positive rate of development of industrial cooperation of the EAEU member states and master the latest innovative technologies, which in turn will increase the growth of the economy and human capital of the EAEU countries, including Kazakhstan. It is important to note that cooperation in the field of industrial cooperation of the EAEU member states is a priority area. Currently, a sufficient number of tools and mechanisms have been formed for its further development. For example, this year a mechanism of financial assistance will be launched for the implementation by EAEU member states of joint cooperation projects in industries at the expense of the EAEU budget. This instrument will allow domestic companies to implement significant joint projects, increase the output of manufactured products and ensure the creation of additional jobs by subsidizing the interest rate on loans and credits, which in general will have a positive impact on the development of Kazakhstan's industry and the economy as a whole.

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At the upcoming SCO summit in Astana next month, a decision will be made on Belarus’ accession to the organization, and thus the number of member states will reach a historic double-digit figure," he stated.

The above-mentioned achievements eloquently show that the Shanghai spirit is consistent with common interests, the organization’s original purpose of maintaining security and stability, ensuring sustainable development. Cooperation within the SCO will only grow stronger," he said.

One of the important mechanisms of logistics is the development of physical infrastructure. It is necessary to accelerate the solution of problems arising when crossing the internal borders of the EIM partner countries. Kazakhstan on its part has started to eliminate bottlenecks by reconstructing railways along the routes "Orsk - Kandyagash", "Makat - Sagyz", "Shalkar - Beineu". Construction of 4 junctions on the section "Makat - Shubarkudyk" has been started, existing tracks on the section "Mangystau - Beineu" and three junctions on the section "Mangyshlak - Uzen" are being extended," Olzhas Bektenov emphasised.

President of Kazakhstan Kassym-Jomart Tokayev at the last meeting of heads of state noted that we need to make effective decisions not to miss the available opportunities. Today the Commission together with the countries is developing an Action Plan for the implementation of the provisions of the Declaration "Eurasian Economic Way". In the course of its completion, we must not go beyond the Declaration. The EAEU is a market without customs borders with a population of more than 185 million people. The decisions we take must first and foremost affect the improvement of the lives of our citizens. I am confident that further joint work will allow us to strengthen economic integration and create favourable conditions for sustainable and stable development of our countries," Olzhas Bektenov stressed.

One of the strategic priorities of our country's development is the agro-industrial complex. Head of State Kassym-Jomart Tokayev has set a goal before the Government of Kazakhstan to bring the agricultural sector to the level of deep processing, fully covering domestic demand and continuing to increase exports. Our country aims to double agricultural exports by 2026. At the same time, the structure of our exports is actively changing and deep-processed products are being favoured. We are interested in opening joint processing facilities with localisation in Kazakhstan," Olzhas Bektenov said.

Establishing close cooperative ties to produce competitive, environmentally friendly and export-oriented products that meet advanced international standards should be one of our priority tasks. The prospects are expanded by the development of new directions of logistics through Central Asia and increasing the capacity of existing routes to China," Head of the Government stressed.