EDB's Head of Research speaks at a forum of the Ukrainian Choice public movement
Almaty, 17 December 2012. Vladimir Yasinsky, Managing Director for Research and Member of Eurasian Development Bank’s (EDB) Management Board, spoke today at the roundtable Economic Issues of Ukraine’s Strategic Choice in the Interaction with the Customs Union and Single Economic Space Countries in the Framework of the EurAsEC which took place in Dnepropetrovsk.
Vladimir Yasinsky told about the macroeconomic effects of the forming Single Economic Space (SES) and ways of deeper economic integration between the Customs Union countries and Ukraine. In particular, research by EDB, in cooperation with the Russian and Ukrainian Academies of Sciences, has shown that deeper integration of Russia, Kazakhstan and Belarus in the SES with the development of trade and industrial cooperation and the alignment of their technological level will result in an additional growth of 2.5% in their aggregate GDP in the long run. Ukraine’s participation may have an effect of an additional growth of 6% in its economy.
The roundtable was organised by the Ukrainian Choice all-Ukrainian Public Movement, who initiated a series of meetings of economists, heads of enterprises and the general public of Ukraine and Russia. These are needed to discuss ways of efficient interaction and cooperation between the forming Customs Union and Single Economic Space of Belarus, Kazakhstan and Russia and Ukrainian enterprises, in particular exporters of engineering products.
Vladimir Yasinsky was invited to the forum by Viktor Medvedchuk, initiator of the Ukrainian Choice movement, who noted his «scientific and practical experience in international integration and in the creation of the organisational structures and bases for the formation of the Customs Union.»
Additional Information
Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.