CIS agreement to cooperate on development of civilian shipbuilding goes into effect

MINSK. Nov 12 (Interfax) - The agreement on cooperation between members of the Commonwealth of Independent States on the development of civilian shipbuilding and production of ship outfitting equipment has gone into effect, the CIS Executive Committee reported on Wednesday.

"The goal of this agreement is to promote the development of civilian shipbuilding in CIS member nations taking into account priority areas for the modernization of the economies and national strategic sectoral programs of this agreement's participating nations in the interests of increasing the global market share of the civilian shipbuilders of this agreement's participating nations," the document states.

Participants in the agreement commit to facilitate the development of coordinated decisions on building cooperative process chains between manufacturers of civilian shipbuilding products and ship accessory equipment for joint production of high-tech products. In order to meet the set goals, the agreement calls for sharing information about priority civilian shipbuilding products and ship accessory equipment for CIS countries, agreement on the main areas in which to develop cooperation and coordination of joint action.

The document also calls for "establishing favorable conditions for the formation of joint production facilities, consortiums and unified research centers in the area of civilian shipbuilding and production of ship accessory equipment."

The agreement was signed in Moscow on December 12, 2024.