The III Astana Economic Forum opened today in the capital of Kazakhstan. During his opening speech, President Nazarbayev announced the 7 priority vectors along which the Eurasian integration should develop.
The first vector is the development of trade ties: “Further development of trade ties calls for further reforms to ensure cheap and fast movement of services and products. That’s what we are doing within the Customs Union. We need to secure fair regulation of trade flows and exclude trade protectionism”.
The second vector is the development of transport and communications infrastructures: “We need to develop transport and communications infrastructures linking Europe and Asia. We need to put in place global transport-and-communication hubs with advanced logistics technology to reduce transactions-related costs”.
The third vector, according to the President, is the stimulation of reciprocal investments: “Large-scaled integration is impossible without a redistribution of investments and a favorable investment climate across the continent”, the President said.
The fourth vector is common capital markets: "Integration of European and Asian financial markets, enhancement and harmonization of financial regulation practices, common approaches to risk-management allow building a stable financial system which would be effectively supporting trade and investments flows within the continent”.
The fifth vector is stable new sources of energy: “Alternative sources of energy should be the new ideology”, said President Nazarbayev.
The sixth vector is the exchange and development of human resources. According to the President, migration policies within Eurasia should be concerted and simplified. Greater efforts should be taken to unleash intellectual potential and fine-tune exchange of expertise.
Finally, the seventh vector should be to strengthen cooperation to secure greater food security within Eurasia.
|