BAKU, Azerbaijan, August 7. The volume of
mutual trade between the Eurasian Economic Union (EAEU) states can
resume growth in 2026 and reach $102 billion after last year's
decline.
This was announced by Kazakh Prime Minister Olzhas Bektenov at
an expanded meeting of the Eurasian Intergovernmental Council.
According to him, the global economy continues to develop amidst
high uncertainty, but the economies of the EAEU countries retain
resilience and potential for further growth.
"Under these conditions, strengthening economic cooperation is
of key importance," Bektenov noted.
He emphasized that the free movement of goods remains one of the
fundamental principles of Eurasian integration, and mutual trade
continues to play a vital role in the economic development of
member states.
According to the prime minister, last year, intra-EAEU trade
turnover amounted to $95 billion, a decrease of 3.5%.
"However, growth is projected to recover this year, increasing
by 7.3% to $102 billion," he pointed out.
Bektenov also noted the importance of further developing digital
trade mechanisms and expressed support for the signing of an
agreement on electronic trade in goods within the EAEU.
According to him, the document's implementation will facilitate
the development of e-commerce, expand business opportunities, and
create more favorable conditions for participants' access to
partner markets.
"We expect that its implementation will contribute to the active
development of e-commerce, expand business opportunities, and
create more favorable conditions for participants' access to
partner markets," the prime minister said.
He also called on the Eurasian Economic Commission to ensure the
timely preparation of the necessary regulations for the
implementation of the agreement and the further development of
digital trade within the Union.
