The Eurasian Economic Union (EAEU), comprising Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan, achieved record trade turnover exceeding €80 billion last year, with internal trade more than doubling and trade with third countries rising by 72%. At the EAEU Forum in Astana, member states discussed deepening economic integration through digitalization and artificial intelligence, including proposals for a single transit system, shared computing capacity, and joint AI model development. China remains the Union's key external partner, accounting for approximately one-third of external trade.
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Trade turnover in Eurasian Economic Union exceeds €80 billion last yearAdded:
Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan are planning to deepen economic integration through digitalization and AI as discussed at the Eurasian Economic Union Forum in Astana.
>> During the Economic Forum, delegations from Eurasian Economic Union member states discussed trade, joint projects, and shared work on digital tools and artificial intelligence to strengthen cooperation and reduce fragmentation across the Union.
>> Last year, trade within the Union more than doubled while turnover with third countries rose by 72% member states are now considering a single transit system to streamline internal trade and logistics through digitalization and AI.
Common principles for the responsible use of AI alongside shared computing capacity and joint model developments were also proposed.
As a single integrated market and free trade zone, the Eurasian Economic Union has agreements with several third countries. China remains the block's key partner accounting for around 1/3 of external trade.
The forum follows Vladimir Putin's state visit to Kazakhstan where the two countries signed major agreements on energy, transport, finance, education, and industry. Russia remains Kazakhstan's largest investor with nearly 25 billion euro invested so far.
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