The 94th meeting of the Economic Council of the Commonwealth of Independent States was held in Nursultan

On June 10 this year, the 94th meeting of the CIS Economic Council was held in Nur-Sultan under the chairmanship of Deputy Prime Minister - Minister of Trade and Integration of the Republic of Kazakhstan, Chairman of the Economic Council of the Commonwealth of Independent States Bakhyt Sultanov. A wide range of issues of multilateral economic cooperation were considered at the event.

This year, the Republic of Kazakhstan assumed the chairmanship of the Commonwealth of Independent States.

The agenda included 15 issues.

During the meeting, the participants approved a list of joint measures to respond to emerging problems, the development of which the participants agreed at a meeting of the Economic Council in March this year.

According to Bakhyt Sultanov, this document, prepared by the expert group on monitoring the economic situation in the CIS member states, is aimed at leveling foreign economic threats to national economies, increasing mutually beneficial cooperation in various industries.

"In today's difficult economic situation, the cooperation of chambers of commerce and industry should and can assist the business community of our countries in ensuring the sustainability of trade and cooperation ties, in finding additional reserves to prevent a shortage of socially important goods, and increase the competitiveness of small and medium-sized businesses," Bakhyt Sultanov said.

The process of developing a draft Agreement on trade in Services, establishment, activities and implementation of investments was also discussed. It should be noted that along with the Agreement on the Free Trade Zone of Goods of 2011, this is a very important document in the economic sphere, which will expand opportunities for further increasing the volume of mutual trade.

Chairman of the Council of Heads of Chambers of the CIS Member States, Chairman of the Chamber of Commerce and Industry of Turkmenistan Dovlatgeldi Rejepov delivered a report on the activities of the Council of Heads of Chambers of the CIS Member States in 2019-2021. It was noted that close cooperation has developed between the CIS Executive Committee and the Council, business contacts have been established, mutual awareness and coordination of ongoing work.

Also, Chairman of the Advisory Council of Heads of State Authorities Managing State Material Reserves in the CIS member States, Head of the Material Reserves Department of the Ministry of Emergency Situations of the Republic of Belarus Yevgeny Bondar presented information on the activities of the Advisory Council of Heads of state Authorities Managing State Material Reserves in the CIS member States in 2017-2021.

It should be noted that the most important task of the Advisory Council is to implement the interaction of state material reserves in order to strengthen the national security of the CIS member states in response to existing global challenges of a natural, climatic and socio-economic nature.

After hearing the reports, the participants approved the activities of the Council of Heads of Chambers of the CIS Member States in 2019-2021 and the activities of the Advisory Council of Heads of state Authorities Managing state Material Reserves in the CIS member States in 2017-2021.

The heads of delegations decided to hold the next 95th meeting of the Economic Council on September 23, 2022 in Moscow.