Myasnikovich: restrictive barriers within EEU are lifted too slowly

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The restrictive barriers within the Eurasian Economic Union (EEU) are lifted too slowly, Chairman of the Council of the Republic of Belarus Mikhail Myasnikovich told journalists in Sochi on September 17.

According to Mikhail Myasnikovich, one of the reasons for the current state of affairs is the lack of a parliamentary dimension of the Eurasian integration. "We pin much hope on more active actions of the Eurasian Economic Commission in this direction in future. There are no signs of an intensive work yet," he said.

According to Mikhail Myasnikovich, all kinds of barriers and restrictions in the EEU hinder the development of trade in the Eurasian region as well as between Belarus and Russia. "The expectations we had when creating the EEU can’t get devalued," said the speaker of the Council of the Republic.

All the barriers in the EEU can be lifted within a year and a half, Mikhail Myasnikovich said.

He also noted that as much as 20% of the products that Belarus supplies to the Russian market are innovative. “We do not bring old stuff here, we come with good innovative and competitive products,” the speaker said.

The Chairman of the Council of the Republic pointed that Russia and Belarus are industrially developed states. “Our processing industry accounts for almost 30% of GDP. Belarus ranks 43rd in the Knowledge Economy Index,” Mikhail Myasnikovich noted. According to him, these figures demonstrate a huge potential that can be fulfilled in the interregional relations between the two countries.

Sochi is playing host to the Second Forum of Regions of Belarus and Russia which will last for two days. The plenary session of the forum is expected to be attended by more than 350 representatives of the legislative and executive power of the two countries, regional leadership, heads of big companies and business communities of Belarus and Russia.

Text by TUT.BY, BelTA

Pictures by Reuters