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Successful implementation of the climate agenda requires that a coordinated position of the EAEU is formed in relation to measures of third countries for international platforms. This was stated by the Deputy Minister of Economic Development of Russia Dmitry Volvach in the course of the "Great Eurasian Partnership in the Era of Technological Transformation" session at SPIEF-2021.
Participants of the session noted that the great Eurasian partnership stipulates consistent steps towards creation of a network of free trade zones, interregional trade and economic alliances, as well as coupling of integration projects throughout the vast Eurasian space. It was especially emphasized that development of such idea of "the Partnership" is relevant now, when trade wars have become an unprecedented instrument of state policy in some countries. In this regard, economic consolidation of Eurasia is an important and ambitious integration project of our century.
The coronavirus pandemic has revealed the urgent necessity not only to act together, but also to move along the technological development path to minimize consequences of such threats in the future.
Taking this into account, the EAEU, as part of implementation of its 2025 development strategy, appears a stable regional integration association and, in the long term, the core of the Great Eurasian Partnership.
Separately, the speakers focused the attention on new challenges that the countries of the Eurasian Economic Union will face in the near future. This refers to the European Union plans to initiate cross-border carbon regulation in the foreseeable future.
Participants of the discussion stressed that development of joint measures to combat the climate change may not form any new barrier mechanisms. Countries need to act openly and collectively, taking into account different degrees of economic development.
“Under the current conditions, successful implementation of the climate agenda requires that a coordinated position of the EAEU is formed in relation to measures of third countries for international platforms, first of all, the WTO and the UN Conference on the Climate Change Issues. It is necessary to support investment projects related to promising technological solutions at the EAEU territory, and to promote “green” and “climate” projects in partnership with the Union's development institutions in the course of negotiation,” said Dmitry Volvach, Deputy Minister of Economic Development of the Russian Federation.
The event was attended by representatives of the EAEU member states and the Eurasian Economic Commission: Deputy Prime Minister of the Russian Federation Alexey Overchuk, Chairman of the Board of the Eurasian Economic Commission Mikhail Myasnikovich, Member of the Board (Minister) for Trade of the Eurasian Economic Commission Andrey Slepnev, President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin and Member of the Management Board of European Business Association Philippe Pegorier.