BAKU, Azerbaijan, August 7. Food inflation is becoming a factor in social tension, so Eurasian Economic Union (EAEU) countries need to continue jointly monitoring agricultural markets and respond promptly to potential imbalances.
This was announced by the Chairman of the Cabinet of Ministers of Kyrgyzstan, Adylbek Kasymaliev, during an expanded meeting of the Eurasian Intergovernmental Council.
According to him, this issue is particularly pressing given ongoing inflationary pressure.
"We consider it important that the commission continued to actively monitor the situation in agricultural markets and forecast shortages or price increases, taking into account information from member states, and promptly submitted decisions to the Union bodies that allow for the prompt mitigation of imbalance risks in this area," Kasymaliev noted.
He also emphasized the need to further enhance the EAEU's attractiveness for businesses and citizens, as well as adapt integration mechanisms to changing economic conditions.
According to the head of the Kyrgyz Cabinet, the key focus remains the formation of common markets for the Union, which should ensure the free movement of goods, services, capital, and labor.
"They must become the foundation for the free movement of goods, services, capital, and labor, providing member states with real competitive advantages and additional opportunities for economic growth," he said.
Kasymaliev also emphasized the need to consider risks when developing common markets for the EAEU, including in the areas of climate regulation and the platform economy.
