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The most important priorities of industrial policy in the Eurasian Economic Union are the development and support of joint cooperation projects in the field of agricultural engineering. Including the localization of production on the territory of the EAEU and the use of the integration potential of the Union for the active promotion of Eurasian products to foreign markets using new mechanisms of financial and non-financial support, Deputy Director of the Industrial Policy Department of the Eurasian Economic Commission Tigran Harutyunyan said at a specialized conference within the framework of the international agricultural exhibition “Agrosalon – 2020”.

The event discussed the most effective industry mechanisms to support the export of agricultural machinery used by the EAEU manufacturers, including insurance and reinsurance of risks. The need was noted for expanding measures of financial support for manufacturers to create service centers and the participation of Union manufacturers in international specialized exhibitions with the possibility of demonstrating manufactured products, compensating for the costs of certification and homologation of products.

“One of such mechanisms is participation in cooperation projects of the Eurasian Development Bank (EDB), both on the territory of the Union and in foreign markets, as well as the formation of joint insurance support for exports. We are ready to create all the necessary conditions for the development of such a mutually beneficial dialogue and cooperation at the site of the industrial block, ”the EEC representative emphasized.

During the discussion, the experts spoke in favor of the development of new supranational mechanisms of financial support in the EAEU, which will contribute to deepening cooperation and promoting Eurasian products to foreign markets.


The international specialized exhibition of agricultural machinery “Agrosalon” is the central industry platform in Russia for demonstrating innovative technical and technological solutions in the agro-industrial complex.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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