The EDB and the Russian Export Centre sign a cooperation agreement

Sochi, 15 February 2018. The Eurasian Development Bank (EDB) and the Russian Export Centre (REC) signed a cooperation agreement to coordinate efforts aimed at increasing trade turnover between the EAEU countries.

The agreement is intended to advance cooperation and joint efforts in order to ensure and streamline access to the parties’ funding and support mechanisms for the initiators of export-orientated projects.

The key areas of cooperation outlined in the agreement include joint consideration of the transactions involving Russian exports, assistance with the financial instruments that support exports, analysis of the opportunities to promote non-resource exports, protective tariffs for markets, non-tariff barriers, financing exports in the EAEU, and the development of respective relationships with other organisations.

The parties expressed their intent to fulfil joint programmes and projects and share information on potential transactions.

Additional Information:

The Eurasian Development Bank (EDB) 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. The EDB's charter capital totals US $7 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. 

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