Customs Union trade up 40-50% due to Eurasian integration

MINSK. August 9. KAZINFORM The Eurasian integration project helped the Customs Union (the Troika) member countries increase trade by 40-50%, Russian Prime Minister Dmitry Medvedev said in an interview with the Georgian TV channel Rustavi 2, BelTA has learnt.

photo: QAZINFORM

Asked whether this project works, Dmitry Medvedev said: "It works. If the audience of your program and your channel is interested, our trade went up by 40-50%." This fact further consolidated relations between the Troika countries.

The Russian Premier underlined that the establishment of the Eurasian Union is not an attempt to revive the USSR. "Who needs to revive the Soviet Union? We all were born there but there is no need to do this because we live in the 21st century. We are fully capable of creating highly integrated economies where there will be no superiors or inferiors, where everybody's rights will be respected and our economic interests will be realized in such a way as to maximally benefit us all," he noted.

Dmitry Medvedev went on saying that this will be an equal and modern integration project in which economic potentials will be harmonized and mutually beneficial forms of trade, investment and humanitarian cooperation used. "Now the practical implementation of this idea is underway... We are in the middle of implementing it and we think that this is a good way to integrate our economies. How can it be interesting for Georgia or other countries? The answer is that we are neighbors. Our countries will never be neighbors with the United States of America whatever happens," he stressed.

Dmitry Medvedev did not rule out that one can be U.S.' partner but the highest level of economic integration can be achieved only between neighboring countries, BelTA reports.