EEC includes 178 industrial projects in EEU industrialization map to the tune of $194.5bn
<p> MINSK, Jul 9 - PrimePress. The Eurasian Economic Commission (EEC) is preparing a draft map of industrialization of the Eurasian Economic Union (EEU), which includes 178 investment projects in 18 industries in the total amount of $194.5 billion. </p> <p> </p> <p> EEC Minister for Industry and Agro-Industrial Complex Artak Kamalyan made a statement to this effect during a meeting with Belarusian Minister of Industry Petr Parkhomchik on July 8. </p> <p> </p> <p> Kamalyan says the EEC industrialization map will become an important tool to coordinate import substitution and production cooperation in order to increase the local content of existing industries. </p> <p> </p> <p> In his words, the document will reflect import-dependent technological sectors, the potential of EEU-based manufacturers, established industrial projects and cooperation relations in the EEU. This will allow the parties to avoid duplication of production and move towards sectoral specialization of industrial producers. </p> <p> </p> <p> According to the EEC minister, in addition to investment projects, the draft map includes 555 technological areas in 29 industries where cooperation on import substitution is possible. </p> <p> </p> <p> They plan to approve the document at a meeting of the Eurasian Intergovernmental Council in Minsk on July 17, 2020. End </p>
2020-07-10
Primepress
MINSK, Jul 9 - PrimePress. The Eurasian Economic Commission (EEC) is preparing a draft map of industrialization of the Eurasian Economic Union (EEU), which includes 178 investment projects in 18 industries in the total amount of $194.5 billion.
EEC Minister for Industry and Agro-Industrial Complex Artak Kamalyan made a statement to this effect during a meeting with Belarusian Minister of Industry Petr Parkhomchik on July 8.
Kamalyan says the EEC industrialization map will become an important tool to coordinate import substitution and production cooperation in order to increase the local content of existing industries.
In his words, the document will reflect import-dependent technological sectors, the potential of EEU-based manufacturers, established industrial projects and cooperation relations in the EEU. This will allow the parties to avoid duplication of production and move towards sectoral specialization of industrial producers.
According to the EEC minister, in addition to investment projects, the draft map includes 555 technological areas in 29 industries where cooperation on import substitution is possible.
They plan to approve the document at a meeting of the Eurasian Intergovernmental Council in Minsk on July 17, 2020. End