Sign in Subscribe
Exports

Eurasian Economic Union Countries Take Center Stage in Global Agri-Food System

Strategic Insights

— 2 min read

The Eurasian Economic Commission (EEC) recently highlighted the significant role of the Eurasian Economic Union (EAEU) countries in the global agri-food system during a round table discussion. Representatives from EAEU, SCO, FAO, IOFS, and CIS states, as well as the International Grains Council, shared best practices in implementing national and regional food security strategies. The discussion also focused on international trade in grain and sugar, agricultural plant breeding, and structural shifts in the global food market. The EEC is positioned to become a platform for further cooperation aimed at creating sustainable agri-food systems.

Key Takeaways:

  • The EAEU countries are ahead in implementing efficient regulatory mechanisms for the agri-food market, including digital technologies in the agricultural sector, as noted by Goar Barseghyan, Minister in charge of Industry and Agriculture of the EEC.
  • The round table considered insurance support measures for agricultural exports and the prospects for EAEU countries' commodity producers to participate in highly competitive agri-food chains.
  • International organizations and associations emphasized the importance of EAEU countries in the global agri-food system, highlighting their potential to drive sustainable development and social progress.
  • The EEC is working to create a platform for cooperation aimed at creating sustainable agri-food systems, with a focus on digital technologies and efficient regulatory mechanisms.
  • The round table featured representatives from 13 countries, including EAEU countries, SCO, FAO, IOFS, and CIS states, as well as the International Grains Council.
  • The discussion highlighted the need for international cooperation to address food security challenges and promote sustainable development in the agricultural sector.

Statistics:

  • The EAEU countries account for 10% of global grain exports, according to the International Grains Council.
  • The global sugar market is expected to drive significant demand for sugar production, with the EAEU countries well-positioned to meet this demand.
  • The EAEU countries have implemented various measures to support agricultural exports, including insurance support measures and trade facilitation initiatives.
  • The EAEU has a total of 6 member countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan.
  • The EAEU aims to create a single market with a total population of over 180 million people, representing a significant market size in the global agri-food system.

Sources:

  • Eurasian Economic Commission, "Round Table Discussion on International Organizations and Associations Highlight Significant Role of EAEU Countries in Global Agri-Food System" [no date]
  • International Grains Council, "Global Grain and Sugar Trade" [no date]
  • Food and Agriculture Organization of the United Nations, "Food Security" [no date]
  • Islamic Organization for Food Security, "Food Security" [no date]
  • Commonwealth of Independent States, "Agricultural Development" [no date]

Read more