The CIS – A Space for Developing Economic and Business Collaboration

The CIS – A Space for Developing Economic and Business Collaboration

1 June, 09:00–10:15

The Commonwealth of Independent States (CIS) – which recently marked its twenty-fifth anniversary – has proven to be not only an effective platform for dialogue, but also an important mechanism in supporting and developing historical trade and economic ties. The Commonwealth has begun to explore new areas for cooperation focusing on business and financial affairs, which Russia views as one of its foreign policy priorities due to the closeness and importance of Commonwealth economic partnerships. What is the state of economic cooperation within the CIS, and what next steps should be taken to develop this cooperation in a way that takes account of the interests and expectations of business? What must be done to remove barriers to deepening integration, while expanding trade and collaboration in a variety of sectors ranging from electronic trading, government procurement, agriculture, and food security to transport, energy, and interregional and cross-border cooperation?


Key moments

We are ready to move towards a common economic space; we are ready to build equal relations on both the eastern and western tracks, without losing our own supra-nationality and deepening the integration.
Tatiana Valovaya
Member of the Board - Minister in Charge of Integration and Macroeconomics, Eurasian Economic Commission
As a regional integrational association, the CIS exists, and the 25 years of its history have not been spent in vain; we have something to show for it both to the global community and to one another.
Alexey Gruzdev
Deputy Minister of Economic Development of the Russian Federation
The future of the CIS lies in our common economic interests. As long as our economies keep creating added value, our interlinks will persist and this space will develop.
Alexey Gruzdev
Deputy Minister of Economic Development of the Russian Federation
The CIS is a good institution of the good neighborhood policy that has proven its worth, but today we are facing serious challenges…
Andrey Spartak
Director, All-Russian Market Research Institute
Our key task in financial cooperation is to create fintech technologies. The Mir payment card is one example. After they see the efficicacy of this tool for themselves over the next two to three years, many CIS countries will adopt it too.
Anatoly Aksakov
Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Financial Markets; President, Association of Regional Banks of Russia (Association ‘Russia’)
The CIS is, indeed, a convenient platform for developing economic cooperation, and no amount of political decision-making or political will could have kept our commonwealth together for 25 years, had we not been tied by long-term, mutually beneficial economic links.
Sergey Lebedev
Chairman of the Executive Committee - Executive Secretary of the Commonwealth of Independent States
The CIS today is premised on keeping and developing a free trade area.
Vasily Matyushevsky
First Deputy Prime Minister of the Republic of Belarus