On 2 February 2018 in Almaty, Kazakhstan the Eurasian Economic Commission hosted the forum “Digital Agenda in the Era of Globalization” dedicated to questions of digitalization of the Eurasian Union’s economies.
It will not be right to focus only on national policy towards cryptocurrencies, there is a need for the Eurasian Economic Union (EAEU) members to adopt a common approach to this issue, Russian Prime Minister Dmitry Medvedev said at the forum.
“What do I have to say concerning cryptoassets? In any case, we should not be focused only on national policy. Our colleagues have just said that cryptocurrencies could be used for payments. Let us pay serious attention to it as our economies are far too closely linked,” Medvedev said. “It will be impossible to implement these principles in one country, we should bring our approaches closer together at the Union level,” he stressed.
According to Medvedev, ideally, international conventions on cryptocurrencies should be drawn up. “Otherwise it all will go in other direction and will not be totally legal,” the Russian prime minister pointed out.
He emphasized the need to synchronize the efforts that the EAEU member states had been making in that field.
ussian Prime Minister Dmitry Medvedev believes that member-states of the Eurasian Economic Union (EAEU) (Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia) should make a gradual transition to marking of all goods.
“We will sign an agreement on goods marking today, which is called to improve control over the turnover of goods in the territory of the Union. Traceability will make it possible to significantly improve operations of the common market, increase the collection of taxes and bring the whole sectors of the retail trade out of the shadows,” Medvedev said.
“It is important to extend marking to new groups of goods step-by-step until all commercial products are covered,” he said.
“The work should be complemented with new initiatives,” the prime minister noted. “The need is imminent to go deeper in other topics – nuclear energy, research and technology cooperation, healthcare, environmental protection, tourism and sports,” Medvedev said.
Medvedev also spoke in favor of more active development of cooperation between the countries of the EAEU in the digital sphere, noting resolving information security issues as one of priorities.
“Undoubtedly, the digital agenda breaks the usual boundaries and creates a common digital space. The question is how quickly it will move forward, how close our interaction will be, how much we will be able to adapt to those trends that are gaining momentum on our planet,” Medvedev said.
He spoke about multi-platforms Alibaba and Amazon as an example. “Indeed, they accumulate a significant amount of information about consumers, about markets, about purchases and use all this in their commercial interests, so we really need to move faster,” Medvedev said.
Medvedev noted that coordination of efforts in this sphere would be discussed at the upcoming meeting of heads of government of the EAEU countries on Friday. “It is obvious that we cannot do this alone. We will need to unite our markets – commodity, human, logistics, technological and form our own infrastructure,” Medvedev said.
The prime ministers of the Eurasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia) then signed an agreement on marking of goods by identification devices in the Eurasian Economic Union. The document was signed after the meeting of prime ministers.
The regulation on development, financing and implementation of interstate programs and programs in the financial sphere was also approved.
The decree on macroeconomic situation in member-states of the Eurasian Economic Union and proposals on support of sustainable economic development was signed after the meeting of the Eurasian Intergovernmental Council.
Among the signed documents is a decree on joint projects of the agro-industrial sector development and the balance of demand and offer of EAEU countries on agricultural produce, foods, flax fiber, rawhide, cotton fiber and wool.