From Sin­gle Eco­nomic Space Tо Eurasian Union

Economy of Belarus - - CONTENTS -

The meet­ing of the pres­i­dents of Be­larus, Kaza­khstan and Rus­sia in Moscow on 18 Novem­ber was truly a his­tor­i­cal one. Alexan­der Lukashenko, Nur­sul­tan Nazarbayev and Dmitry Medvedev reached an agree­ment to cre­ate a Eurasian Eco­nomic Union and signed a Dec­la­ra­tion on Eurasian Eco­nomic In­te­gra­tion.

“The prospects of pow­er­ful and deep in­te­gra­tion, which are opened to­day, are truly breath­tak­ing,” re­marked Pres­i­dent of Be­larus Alexan­der Lukashenko in his ar­ti­cle “Des­tinies of our in­te­gra­tion” in the Izves­tia news­pa­per.

In the modern world in­te­gra­tion is prompted by life, de­ter­mined by the time and the eco­nomic re­al­ity. The troika in­te­gra­tion was launched in Jan­uary 2010. It was then that the Cus­toms Union started op­er­at­ing. It was the first step and a very im­por­tant one on the way to­wards more ad­vanced in­te­gra­tion – the Sin­gle Eco­nomic Space. The SES will be­gin op­er­at­ing on 1 Jan­uary 2012. Be­larus, Kaza­khstan, and Rus­sia will make the tran­si­tion to a higher level of in­te­gra­tion that en­vis­ages free move­ment of com­modi­ties, ser­vices, cap­i­tal, and work­force. It will un­doubt­edly make the com­pet­i­tive abil­ity of each coun­try stronger in the in­ter­na­tional mar­ket of prod­ucts and ser­vices. The cre­ation of the Sin­gle Eco­nomic Space is not just an­other step, it is a new age of in­te­gra­tion of the three coun­tries. It is de­signed to lay down a solid foun­da­tion for the Eurasian Eco­nomic Union. The open­ing ar­ti­cle “The Union That Will Ben­e­fit All” starts a new rubric “In­te­gra­tion”. The ar­ti­cle cov­ers the main way­marks and steps to be taken to cre­ate the new eco­nomic and po­lit­i­cal cen­ter of power in the Eurasian space.

As the in­te­gra­tion space is cre­ated, the foun­da­tion for the suc- cess­ful op­er­a­tion of the economies will be laid down. Suc­cess­ful op­er­a­tion is im­pos­si­ble with­out fur­ther mod­ern­iza­tion and in­no­va­tions. Be­larus chose the strat­egy of in­no­va­tion-driven de­vel­op­ment a long time ago. Step­ping up in­no­va­tion ef­forts, as­sim­i­la­tion of new ad­vanced tech­nolo­gies in the pro­duc­tion sec­tor are some of the main tasks of the Be­laru­sian govern­ment’s eco­nomic pol­icy. The Be­laru­sian In­no­va­tion Week took place in Minsk in Novem­ber. It gath­ered rep­re­sen­ta­tives of 15 coun­tries. The Be­laru­sian-rus­sian fo­rum was a ma­jor event of the Week. Our spe­cial ap­pen­dix “Union State: In­te­gra­tion Based on In­no­va­tions” tells the story of the unit­ing power of in­no­va­tions.

An in­ter­view with Be­laru­sian Ar­chi­tec­ture and Con­struc­tion Min­is­ter Ana­toly Nichkasov is ded­i­cated to the im­por­tant topic of im­port sub­sti­tu­tion. It high­lights the re­sults of the national pro­gram to start the man­u­fac­tur­ing of im­port­sub­sti­tut­ing prod­ucts for the civil en­gi­neer­ing in­dus­try in 2009-2012 and out­lines the draft new pro­gram for 2012-2015. Thanks to the im­port­sub­sti­tut­ing ef­forts in the civil en­gi­neer­ing in­dus­try Be­larus con­sid­er­ably re­duced for­eign ex­change ex­penses, im­proved the sta­tus of the do­mes­tic con­struc­tion ma­te­ri­als in­dus­try, and started man­u­fac­tur­ing prod­ucts that can match the world’s best.

In the ar­ti­cle “Unique Source of Im­por­tant In­for­ma­tion” Chair­man of the National Sta­tis­tics Com­mit­tee of the Repub­lic of Be­larus Vladimir Zinovsky speaks about new ap­proaches to the 2009 cen­sus and pro­cess­ing its re­sults.

In our mag­a­zine you will also find ar­ti­cles about in­vest­ment co­op­er­a­tion, for­eign eco­nomic re­la­tions, in­no­va­tion projects and lead­ing Be­laru­sian enterprises.

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