EAEU Launches Financial Support Mechanism for Agricultural Projects

Евгения Комарова Economy
VK X OK WhatsApp Telegram
The Council of the Eurasian Economic Commission (EEC) has given the green light to a new financial support system for joint projects in the agro-industrial complex (AIC). These funds will be allocated from the budget of the Eurasian Economic Union (EAEU), as reported by the Ministry of Water Resources, Agriculture, and Processing Industry.

Previously, similar financing mechanisms were only applied in the industrial sector. The expansion of this initiative to agriculture opens up new opportunities for cooperation among the member countries of the union, including the Kyrgyz Republic.

This new measure aims to stimulate import substitution processes, develop the processing of agricultural products, and increase the export potential of EAEU countries. According to ministry representatives, this decision will strengthen production chains in the agro-industrial complex and enhance the competitiveness of products by increasing their added value.

EEC experts believe that this step will not only accelerate integration but also contribute to the sustainable development of the agricultural sector.
VK X OK WhatsApp Telegram

Read also: