EEC to Launch Financial Support Mechanism for Agricultural Projects in the EAEU

Виктор Сизов Exclusive
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- The Council of the Eurasian Economic Commission has approved a draft protocol to the Treaty on the EAEU, which opens up opportunities for financial support of joint intergovernmental projects in the agricultural sector using funds from the Union's budget. This information was provided by the press service of the Ministry of Agriculture.

It is noted that previously, such a mechanism was mainly used to support projects in the field of industrial cooperation. Expanding its application to the agro-industrial complex will create new conditions for forming production chains between the member countries of the EAEU.

This measure is expected to contribute to import substitution, improve the processing of agricultural products, and increase the export potential of the Union states, including the Kyrgyz Republic.
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