Kazakh president proposes to work on new trade strategy for EAEU

GBNews24 Desk//

President of Kazakhstan Kassym-Jomart Tokayev on Friday called for a new trade strategy for the Eurasian Economic Union.

“It would be appropriate and useful to engage in the development of a new trade strategy within the EAEU, given the new reality,” he said at a session of the St. Petersburg International Economic Forum. “Instead of countersanctions, which are unlikely to be productive, it would be advisable to exercise a more active and flexible trade policy targeting a wide range of markets in Asia and the Middle East,” reports TASS.

He said the goal of reinforcing the EAEU remained current for the country. “Kazakhstan could play a useful role of some buffer market,” he said. “In general, the ultimate success of Eurasian integration depends a lot, if not to a significant extent, on the efficacy of our shared trade strategy.”.