BelCCI accedes to the Memorandum on Common Economic Space from Lisbon to Vladivostok



Date: 30 May 2018

The Belarusian Chamber of Commerce and Industry has acceded to the Memorandum on Common Economic Space from Lisbon to Vladivostok.

The Memorandum has been drawn up by Director of the Schneider Group Ulf Schneider and German political scientist Alexander Rahr. A working group "Common Economic Space from Lisbon to Vladivostok" intends to bring together business, business associations and politicians of Eurasia and to promote official dialogue between the European Commission and the Eurasian Economic Commission. The working group includes five major business and industry associations in Europe, several major companies as well as developers of general legislative regulations and standards. Given the continuing relevance of the concept "integration of integrations" for Belarus, the BelCCI has signed this Memorandum.

During the signing ceremony, Ulf Schneider noted that the Memorandum suggests economic cooperation between the EU and the EAEU. "Belarus will benefit from this because it is a transit country, the bridge between the West and the East. The volume of trade in such a common economic space will grow. But the economic effect of this project will not be immediate. It will take several years. So it's better to start now," he said.

The memorandum was signed during the meeting of the Belarusian part of the Belarusian-German Business Cooperation Council. Following the negotiations with the Co-Chair of this Council from the Belarusian side Sergei Novitski, the Belarusian Chamber of Commerce and Industry has taken up the coordination of the Council operation.

Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich noted that Belarus has set up 18 councils of business cooperation with different countries. "The Belarusian-German Business Cooperation Council was set up several years ago and today we are doing our best to give it a new lease of life, especially taking into account the accession to the Memorandum on Common Economic Space from Lisbon to Vladivostok," he said.      

Based on BelTA

Memorandum on a Common Economic Space from Lisbon to Vladivostok

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