The EEC Minister Tatyana Valovaya: "Within the framework of the signed Memorandum on Cooperation we have had constructive cooperation between the EEC and UNCTAD, which we need continue and develop"

On July 2, at the headquarters of the United Nations Conference on Trade and Development (UNCTAD) at the Palace of Nations (Palais des Nations) in Geneva the bilateral talks of the Member of the Board - Minister in charge of the Development of Integration and Macroeconomics of the Eurasian Economic Commission Tatyana Valovaya and the Deputy Secretary-General of UNCTAD Joakim Reiter were held.

The Minister of the EEC noted the constructive interaction that was developed between the EEC and UNCTAD. The Commission representative emphasised the importance of the active work being executed by the experts of the two organizations within the framework of the signed Memorandum on Cooperation.

During the meeting, Tatyana Valovaya spoke about the process of decision-making in the EEC, as well as about the ongoing work of the Commission to establish an integration dialogue between various countries and regional associations.

"Given the existing constructive cooperation between the EEC and UNCTAD, we invite to consider the possibility of organizing joint analytical work on the study of the integration processes within the framework of the EAEU," the EAEU Minister said.

The Deputy Secretary-General of UNCTAD emphasized that there was a considerable interest among the Member States to the ongoing integration processes in the Eurasian space, and also noted that the United Nations Conference on Trade and Development paid special attention to examination of regional integration of developing countries and countries in transition.

Upon completion of negotiations, Joakim Reiter noted that UNCTAD had a solid expert support and competences in the field of investigation of regional integration processes, and proposed to form specific areas of expert and analytical activities that could be developed in cooperation with the EEC.

Source: Eurasian Economic Commission official web-site