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Full Text: Putin Speaks At Supreme Eurasian Economic Council Summit

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  • Full Text: Putin Speaks At Supreme Eurasian Economic Council Summit

    FULL TEXT: PUTIN SPEAKS AT SUPREME EURASIAN ECONOMIC COUNCIL SUMMIT MEETING

    The Prague Post, Czech Republic
    October 13, 2014

    The Russian president welcomes Armenia to union, talks about
    relationship with Ukraine

    Russian President Vladimir Putin took part in the Supreme Eurasian
    Economic Council summit meeting Oct. 10, where along with the
    presidents of Belarus, Kazakhstan and Armenia, he discussed current
    financial, organizational and technical matters related to the start
    of the Eurasian Economic Union's work Jan. 1, 2015.

    PRESIDENT OF RUSSIA VLADIMIR PUTIN: Colleagues,

    Russia, Belarus and Kazakhstan are making steady progress on the
    Eurasian integration track. Our parliaments timed the ratification
    of the Treaty on the Eurasian Economic Union for this meeting in Minsk.

    As we agreed, the Eurasian Economic Union will start work on Jan. 1,
    2015.

    This marks our transition to a new and higher integration stage that
    will make us more effective in modernizing our countries' economies
    and making them competitive. We will carry out a coordinated policy in
    the key industrial sectors, energy, and agriculture. We will remove
    the barriers in the way of free movement of goods, services, capital
    and labor. The common Eurasian market will start to operate according
    to universal, transparent and clear rules based on the World Trade
    Organisation's regulations and principles.

    Our integration project is already producing practical results. Trade
    within the Customs Union has increased by 50 percent since July 1,
    2011, and now comes to more than 64 billion dollars. We have improved
    our trade structure. Processed goods have gradually started replacing
    raw materials. Their share has risen considerably, while the share
    of raw materials has fallen from 40 percent to 28.9 percent.

    It is very important that the public in our countries broadly supports
    this policy of closer integration. Public opinion surveys carried out
    by the Eurasian Development Bank show that 79 percent of people in
    Russia, 68 percent of people in Belarus, and 84 percent of people in
    Kazakhstan take a positive view of the Customs Union's work. We need to
    repay this very high level of trust with tangible results and continued
    improvements in the wellbeing and living standards of our peoples.

    Colleagues, we will sign today the agreement on Armenia's accession to
    the Eurasian Economic Union. I hope that our countries' parliaments
    will put in just as coordinated an effort to approve it by the end
    of the year.

    We think that Armenia is ready for working in the Eurasian Economic
    Union on an equal footing with Russia, Belarus and Kazakhstan. In
    a relatively short space of time, starting in autumn 2013, our
    Armenian friends have brought their economic regulations into line
    with our common standards and their national laws into line with our
    organization's rules.

    We hope to see positive macroeconomic effects in the first year or
    two following Armenia's accession. Our three countries' trade with
    Armenia is growing fast as it is and has been adding up to 10 percent
    every year. Removing trade and administrative barriers will, I hope,
    only further consolidate this trend. Other key indicators such as GDP,
    consumer demand, real incomes, and employment should also improve.

    Today, we will approve the roadmap for Kyrgyzstan's integration into
    the Common Economic Space. It will complement the plan for adapting
    Kyrgyzstan's economy to the Customs Union standards, which was adopted
    at the May summit in Astana.

    We understand that our colleagues in Kyrgyzstan need help in improving
    national laws and carrying out structural transformation. Russia
    already provides such assistance through our bilateral agreements. We
    hope to combine our efforts with those of our Belarusian and
    Kazakhstani partners.

    Aside from Armenia and Kyrgyzstan, other countries and regional
    organizations are also showing interest in working with the Eurasian
    Economic Union. The Eurasian Economic Commission has already received
    several dozen proposals for establishing preferential trade regimes.

    We think we should work more actively on this external relations
    dossier. In particular, we could soon complete talks on a
    draft agreement on a free trade zone with Vietnam, step up expert
    consultations with Israel, India and Egypt, and continue developing the
    dialogue with the Common Market of the South (Mercosur) and with ASEAN.

    I want to say a few words about relations with our neighbor, Ukraine,
    in light of the EU Association Agreement it has signed.

    The heads of state of our three countries met here in Minsk in August
    with the Ukrainian President and EU representatives. Kiev and Brussels
    listened to our arguments and decided to postpone implementation of
    the Association Agreement's economic part until December 31, 2015. We
    now have the possibility of making adjustments to provisions in the
    agreement that could cause considerable damage to the economies of
    the Customs Union countries and to our traditional trade ties with
    Ukraine. Of course, these talks will not be easy and we will need
    to take a consolidated position so as to convince our partners to
    stop making it an either-or choice between European and Eurasian
    integration and choose instead to link the two projects together.

    Colleagues, I want to say again that Eurasian integration is taking
    on objectively ever greater importance in our countries' lives. This
    requires us all to coordinate our work even more closely and make
    sure that we keep up the pace. We still need to approve around 50
    documents on financial and organizational aspects of the Eurasian
    Economic Union's work by the end of the year.

    I propose that we hold our next meeting in December in Moscow, to
    conclude the preparations. I have already discussed this with President
    of Kazakhstan Nursultan Nazarbayev and President of Belarus Alexander
    Lukashenko, and now I want to say it officially at our meeting. I
    want to thank you all too for your attention.

    Thank you very much.

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