CIS Economic Council Mulls Measures to Mitigate COVID-19’s Impact

BUSINESS TURKMENISTAN
CIS Economic Council Mulls Measures to Mitigate COVID-19’s Impact
The 86th meeting of the CIS Economic Council addressed possible collective measures to mitigate the negative impact of the COVID-19 pandemic. (Photo: CIS)

The 86th meeting of the Economic Council of the Commonwealth of Independent States (CIS) took place in a video conference format on Tuesday. The Deputy Minister of Finance and Economy of Turkmenistan headed the Turkmen delegation at the meeting.

According to the Turkmen Foreign Ministry’s statement, the meeting participants discussed priority directions of the interstate trade and economic cooperation, and the strengthening the regulatory framework of mutually beneficial partnership between the CIS countries.

Within the framework of the meeting, the parties exchanged views on the socio-economic situation of the CIS member states and possible collective measures to mitigate the negative impact of the COVID-19 pandemic.

The sides also considered issues related to the ongoing work on the creation of exhibition trade centers of the CIS member states in Moscow at the Exhibition of Achievements of National Economy (VDNKh) and the implementation of the Concept for the formation and development of the intellectual property market of the CIS member states, which was approved by the Decision of the CIS Council of Heads of Governments on October 28, 2016.

The participants of the meeting reviewed a number of draft documents, including an Action Plan for the implementation of the Strategy for ensuring transport security in the territories of the CIS member states when carrying out international freight transit for the period 2020–2025, an Action Plan for the implementation of the Concept of Cooperation between the CIS member states in the field of combating cancer diseases for the period 2020-2024.

As a result of the discussions of issues on the agenda of the meeting, the officials signed a number of documents regulating the cooperation of the parties in various areas of comprehensive cooperation.