Economic forum defines ways of business development in the EAEU countries

Success of the Eurasian Economic Union (EEU) in achieving its ambitious goals will depend on business.

To this end, it is necessary to strengthen the relationship between government agencies, the Eurasian Economic Commission (EEC) and the business community, Kyrgyz Deputy Prime Minister Jenish Razakov said at the Business Eurasia economic forum, held on January 24 in Bishkek.

The forum gathered representatives of the EEC, the EEU Business Council, government agencies, international organizations, and business circles from Armenia, Belarus, Kazakhstan, Russia, Uzbekistan, Tajikistan, Turkmenistan, Iran, China, Turkey, and South Korea.

“It is vital to strengthen relations between businesses and government agencies not only within the EEU member countries but also with third countries,” said Executive Director of the International Business Council based in Bishkek, Askar Sydykov.

At the forum, the Kyrgyz Ministry of Agriculture, Kyrgyz Union of Industrialists and Entrepreneurs and X5 Retail Group LLC from Russia signed a protocol on increasing the presence of Kyrgyzstan’s products in the X5 Retail Group stores which has more than 14 thousand stores in Russia.

A Committee on the integration of food markets under the EEU Business Council was created at the forum and a Memorandum with Russian trade networks and Kyrgyzstan’s suppliers signed.

The event was held at the initiative of the Kyrgyz Union of Industrialists and Entrepreneurs together with the Office of the President and the Government of Kyrgyzstan, and the Trade Representation of the Russian Federation in the Kyrgyz Republic.