Sergey Katyrin: Russia will strive to create economic partnership between the SCO, ASEAN and EAEC

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Sergey Katyrin: Russia will strive to create economic partnership between the SCO, ASEAN and EAEC 20.05.2016 11:02

Within the Sochi summit “Russia-ASEAN” meeting of delegations’ heads member countries of the ASEAN-Russia summit with representatives of the Russia – ASEAN Business Forum was held. It was opened by introductory speech of the President Vladimir Putin.

On the results of the Business Forum, held May 19 in the framework of the summit, the head of the Chamber of Commerce and Industry of the Russian Federation Sergey Katyrin reported.

The main thing is a positive aspiration on the practical results, conclusion of economic agreements and trade contracts, said Sergey Katyrin talking about the last forum. During the thematic sessions industry areas were defined in which the interests of the parties match. Much attention was paid to cooperation in high-tech industries. Issues of joint activities in the banking, financial and investment sectors of were usefully discussed

A substantial part of the territory of Russia is in Asia. Therefore, the Asian vector of development is one of the main priorities of Russia. Asian countries are also interested in expanding its relations with Russia. In this regard, high expectations are related to the plans for accelerated creation of infrastructure linking Europe and Asia.

The economic development of the Far East - is another promising area for cooperation. The participation of the ASEAN countries in the region would contribute to the development of the sustainable development of the entire Asian continent. Sergey Katyrin expressed hope that the discussion will continue in the forthcoming the Eastern Economic Forum in Vladivostok in early September this year.

At the Business Forum the changes in the system of international trade related to the integration processes in the Asia-Pacific region were discussed. Much attention was paid to the integration project of Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan - the Eurasian Economic Union. Russia and ASEAN stand for the linking of the regional integration processes. In 2015 an agreement on establishing a free trade area between the EAEC and Vietnam was signed.

Recent Russian initiative was represented to partners of ASEAN: an agreement on the establishment of Economic Partnership on interrelationship of Russia and the ASEAN Member States. The document will form the basis of this single trade policy, investment cooperation and trade in services, as well as the development of cooperation in the field of infrastructure and supply chains, sustainable growth.

According to Sergei Katyrin, it is possible that one day economic partnership between the Shanghai Cooperation Organization, the Eurasian Economic Union and ASEAN will be created.


The Declaration - the outcome document of the Business Forum – initiatives and suggestions of the business community were formulated to promote business cooperation between Russia and ASEAN countries, Sergei Katyrin concluded.

After the event a press conference the President of the Russian Chamber of Commerce and Industry Sergei Katyrin and Head of ASEAN Business Advisory Council Oudet Souvannavong was held.