The Alexander Gorchakov Public Diplomacy Fund

Minister of EEC Tatyana Valovaya gave a lecture at the Gorchakov Fund

20 april

Minister of EEC Tatyana Valovaya gave a lecture at the Gorchakov Fund

The Alexander Gorchakov Public Diplomacy Fund launched a series of lectures dedicated to Eurasian integration. On April 19, Minister in charge of the Development of Integration and Macroeconomics of the Eurasian Economic Commission Tatyana Valovaya made a speech at the Gorchakov Fund.


She told the audience about history of the EEU, modernization processes of the Union and details of that supranational project mentioning major differences from the European model. Illusions related to creation of the political union do not exist in the EEU as here everything is connected to the economy. There are no plans to introduce common currency, stated the speaker.


According to her, the EEU is currently on the level the EU in the mid-1990s, but full realization of four freedoms is already present. Creation of the common market is on the way. Active work on eliminating barriers is held. Electronic tracking of goods is slowly introduced. At the moment, 43 sectors operate in the open market regime.


A crisis frequently serves as a reason to deepen integration. The process of harmonizing national economies of the member states of the Union goes on. A trend to reduce misbalances of different currency exchanges can be observed. Unfortunately, differences in the levels on convergence of the states still exist.


Tatyana Valovaya mentioned the issue of developing equal trade and economic relations. Negotiations are held with Iran, India, and Egypt. Also, around 40 applications from other countries for free trade negotiations have been submitted. A memorandum with several countries as additional channels of cooperation is prepared. The EEU interacts with many regional integration unions and national institutions. All the CIS states can participate as observers. An urge for a closed network of partner agreements can result in the world becoming more global.


Such integration unions as NAFTA and ASEAN were not able to get even close to the level of integration of the Eurasian integration of 2010, stressed the speaker.


When comparing the EEU and the EU, Tatyana Valovaya mentioned that politicization of the EU did not happen accidentally. It was mostly connected with the risk of Germanization of Europe after World War II. The minister also stressed that the concept of “different speeds” did not survive in the EU as a similar idea results in incorrect geometry of development.


The minster focused on two important moments in the process of achieving goals of the EEU: preparation of a digital concept of the Union and developing a right media policy as well as coherence of the economic policies of all of its participants.

Tatyana Valovaya noted that in the modern world of information and technology we should be more flexible to different kinds of threats and find a correct measurement of an index of the Eurasian integration.


Gorchakov Fund, Valovaya, EEU, EEC, Eurasian integration, lecture, education, science,