EAEU Launches Financial Support Mechanism for Agricultural Projects

Марина Онегина Economy
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The Council of the Eurasian Economic Commission (EEC) has decided to launch a financial support mechanism for joint cooperative projects in the agro-industrial complex (AIC). This initiative will be funded from the budget of the Eurasian Economic Union (EAEU), as reported by the Ministry of Water Resources, Agriculture, and Food Processing Industry.

Previously, such forms of support were applied exclusively in the industrial sector. Now, the expansion of this mechanism to agriculture has opened new opportunities for cooperation among the union countries, including the Kyrgyz Republic.

This innovation aims to stimulate import substitution, develop the processing of agricultural products, and increase the export potential of EAEU member states. The Ministry noted that this decision will strengthen production chains in the AIC and ensure the release of competitive products with high added value.

EEC experts are confident that this step will contribute to the acceleration of integration processes and support the sustainable development of the agricultural sector.
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