The Eurasian Intergovernmental Council considered the Report on Joint Import Substitution Projects implemented by the EAEU member states. The industrial block of the Eurasian Economic Commission (EEC) reported.
The report provides information on the implementation in 2021-2022 of 25 projects totaling more than $20 billion in import-dependent industries, including projects implemented in the automotive, machine tool, electrical, chemical, medical, pulp and paper industries. Information about these projects is structured on the EAEU industrialization map.
According to EEC Minister in charge of Industry and Agro-Industrial Complex Artak Kamalyan, the industrialization map now includes 158 projects in 25 industries totaling more than $270 billion. He noted that the data of the report can be taken into account by the governments of the EAEU countries when involving producers in the cooperative chains of the Union, state support of certain investment projects, implementation of international projects, localization of production.
«When developing cooperative ties between our manufacturers, we must take into account their industry specialization, scientific, technical and production capabilities. The fundamental factor in the development of import substitution in the Union is the development of a scientific and technical base in import-dependent areas,» the statement says.
