EEC Council approves measures to implement EAEU's key macroeconomic policy guidelines

MINSK. Oct 21 (Interfax) - The Eurasian Economic Commission (EEC) Council has approved measures to implement the key macroeconomic guidelines of Eurasian Economic Union (EAEU) countries for 2024-2025 that were earlier approved by EAEU heads of state at a meeting of the Supreme Eurasian Economic Council, the EEC reported on Friday.

"The approved key guidelines set the objective of achieving a trajectory of annual GDP growth in the EAEU that exceeds the rate of growth of the global economy. In order to achieve this objective, the Eurasian Economic Commission worked out a list of measures that are grouped into four areas," the press release said.

"The first area is creating favourable macroeconomic conditions for increasing investment. The second is developing the EAEU's scientific and technological potential. The third area involves strengthening the manufacturing base of member countries and developing cooperation in the real sector. The fourth group of measures is aimed at developing the Union's internal market and expanding export capabilities," the EEC said.

The list includes measures recommended for implementation by member countries, Commission actions to carry out provisions of the approved document and the anticipated economic result from their implementation, it said.