EDB's expert assessed the agro-industrial potential of the Eurasian region at the BRICS Conference
Moscow, June 27, 2024. Stanislav Chuyev, Senior Analyst at the Center for Industry Analysis of the Eurasian Development Bank (EDB) Directorate for Analytical Research, spoke at the Conference on Food Security and Sustainable Agricultural Development organized on the eve of this year's Meeting of the BRICS Ministers of Agriculture. In his speech entitled "Ensuring Food Security and Unlocking the Agro-Industrial Potential of the Eurasian Region", Mr. Chuyev pointed to the significant opportunities of the Eurasian region (5 EAEU countries, Tajikistan and Uzbekistan) to increase food production and exports.
"An ecosystem of production factors and interconnections has already been formed in the region. The region is located in close proximity to the largest promising food markets with a total population of more than 3 billion people. The realization of the agro-industrial potential of the Eurasian region by the year 2035 will make it possible to fully meet the food needs of 600 million people," Stanislav Chuyev said.
The full version of the EDB analytical study on the issue of food potential and assessment of the agro-industrial potential of the Eurasian region can be found at https://eabr.org/analytics/special-reports/prodovolstvennaya-bezopasnost-i-raskrytie-agropromyshlennogo-potentsiala-evraziyskogo-regiona/.
The Conference on Food Security and Sustainable Agricultural Development was held on the eve of the 14th Meeting of the BRICS Ministers of Agriculture. As part of the Conference, the Agroexport federal centre and the Ministry of Agriculture of the Russian Federation organized a panel discussion entitled "Developing Mutual Trade in Agriculture Products from the BRICS Countries."
Additional Information:
The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 18 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. The EDB's charter capital totals $7 bln. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.
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