BAKU, Azerbaijan, May 4. Kyrgyzstan’s
participation in integration formats enables the active development
and expansion of both bilateral and multilateral economic
cooperation, as well as the creation of additional growth points
and the formation of new logistics routes and value chains with
Russia, Director of the Department for Economic Cooperation with
CIS Countries at the Russian Ministry of Economic Development
Alexey Mikhailov told Trend.
According to him, this is particularly relevant for the Eurasian
Economic Union (EAEU), which demonstrates positive dynamics:
external and mutual trade is increasing, the volume of mutual
investments is growing, and new joint enterprises are being
established.
He noted that integration is developing progressively and
delivers tangible benefits to the economy and business community,
ultimately contributing to the improvement of living standards in
all member states, including Kyrgyzstan. These outcomes are driven
by historically established production cooperation ties across
various sectors of the economies, which constitute an objective
competitive advantage of the EAEU.
Alexey Mikhailov emphasized that cooperation between Russia and
Kyrgyzstan is also based on the principles of equality, mutual
consideration of interests, and consensus-based
decision-making.
At the same time, he stated that the Union was created primarily
as an economic association, and its advantages are most evident in
its contribution to the economic growth of participating
countries.
”Due to the absence of customs control at internal borders and
preferential access to the common market, Kyrgyz enterprises
benefit from a multiplier effect and maximize the gains from
integration,” he concluded.
