EAEU has identified agroindustrial growth points for the next four years

_ EEC. Minsk, 4 December 2017.

According to Member of the Board – Minister in charge of Industry and Agroindustrial Complex of the Eurasian Economic Commission (EEC) Sergey Sidorskiy, among the most promising areas are projects with high added value in dairy farming and beef cattle breeding, poultry, horticulture, sugar, oil and fat, and other industries. The Minister announced this position at the round table “Strategic Directions of Development and Deepening of Integration and Cooperation in AIC of the EAEU Member States.” Sergey Sidorskiy noted that the priorities of a harmonized agroindustrial policy of the Eurasian Economic Union (EAEU) for an upcoming four-year period would be implementation of joint initiatives aimed at further deepening of integration processes and implementation of innovative technologies.

The event was attended by representatives of legislative and executive authorities, business structures, trade unions and associations, scientific and production establishments of the EAEU Member States, and the EEC.

Within the framework of the round table, event participants have presented the results of a harmonized agroindustrial policy for 2014-2017. Agriculture production in 2015 increased by 3%, in 2016 – by 4.5%. This year, production will be increased by 3%. The Union is actively implementing import substitution processes: import of food products for 2014-2016 has demonstrated almost a twofold decrease, while the physical and value volumes of mutual trade are demonstrating a solid increase. As a result, self-sufficiency rate is improving for almost all products.

According to Director of the EEC Department for Agroindustrial Policy Stanislav Buben, forecasts suggest a steady demand for food products in the world market. In his opinion, “positive changes in the agroindustrial complex since the creation of the Union show the effectiveness of the measures aimed at development of the industry at the national and supranational levels and the necessity for further strengthening of the integration cooperation within the framework of a harmonized agroindustrial policy.”

According to Sergey Sidorskiy, “the strategic direction of industry integration and a prerequisite for efficient work of the manufacturers operating in the Member States of the Union is the use of scientific and technical developments in the context of efficient models of cooperation on sensitive agricultural products reducing the dependence on imports and ensuring access to foreign markets.”

The main directions of industrial cooperation in the Member States can be presented by breeding and seed production, production of protein-containing feed, joint development and implementation of innovative technologies of deep processing of agricultural raw materials.

It became possible to identify promising projects for reducing the dependence of industry on imported resources. Livestock sector is currently demonstrating the introduction of genomic selection, improvement of own fodder base, development of adaptive technology for preparation and storage of feed. Crop sector is engaged in active discussions regarding the possibility of implementing the joint programs on breeding and seed production of sugar beet and oil crops in the Union.

The round table participants also took the initiative to undertake joint steps for the development of export of agricultural products and commodities, including the coordination of product supplies to foreign markets, export lending and insurance, measures to promote commodity distribution and export infrastructure.

The proposals made by the round table participants will be reflected in the work to improve mechanisms of implementing the integration potential for production in the Member States of competitive products, saturation, and balanced development of common agrarian market.

Source: http://www.eurasiancommission.org/

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