CIS and EEU summits held in Sochi: Main results


CIS and EEU summits held in Sochi: Main results

The leaders of the CIS countries and the Eurasian Economic Union (EEU) agreed to actively develop mutual trade and coordinate approaches to foreign policy and security during the October 2017 summits in Sochi.

They plan to give an additional stimulus to the economy by harmonizing existing norms and standards, as well as by removing barriers to the movement of goods and services. The President of Belarus drew attention to the need for the early establishment of a free trade zone and the provision of equal conditions for access to public procurement.

According to Alexander Lukashenko, similar problems exist both in the CIS and in the Eurasian Economic Union, the economic integration structure established by Belarus, Russian and Kazakhstan in 2014.

In particular, Belarus is in favor of a more active formation of common markets, for example, of oil and gas in the EEU.

In general, the leaders' talks were full of various discussions.

The general agenda of the summits contained over 30 points: from the fight against terrorism to the support of traditional family values.

As a result of the meetings, a solid package of documents was signed that is aimed at the sustainable development of these integration associations.