EAEU member states approve joint agriculture development forecasts

The Eurasian Economic Union (EAEU) member states have approved the joint agriculture development forecasts, balances of supply and demand for agricultural products. The decision was made at the session of the EAEU Intergovernmental Council in Kyrgyzstan. The document is based on the principle of domestic trade trumping foreign trade. It is expected that the common policy in this area will help reduce imports within the union, ensure food security, and prevent barriers as foodstuffs move across the borders. The distribution of import customs duties between the budgets of the member states of the Eurasian Economic Union, as well as the implementation of digital projects were also on the agenda. The next meeting of the Eurasian Intergovernmental Council will take place in Moscow in October 2019.