SELA and Eurasian Economic Commission forge cooperation links

The Memorandum of Understanding was signed by the Permanent Secretary of SELA, Ambassador Javier Paulinich, and the Minister of Integration and Macroeconomics of the Eurasian Economic Commission (EEC), Dr. Tatiana Valovaya.

                         SELA and Eurasian Economic Commission forge cooperation links

The Permanent Secretary of the Latin American and Caribbean Economic System (SELA), Ambassador Javier Paulinich, and the Minister of Integration and Macroeconomics of the Eurasian Economic Commission (EEC), Mrs Tatiana Valovaya, signed a Memorandum of Understanding on 24 May to promote inter-institutional cooperation with the purpose of strengthening their own regional integration processes.

Future activities include the exchange of experiences and best practices in the areas of trade, investment and tourism. This agreement is signed after the presentation of SELA´s activities and inter-regional agenda of priorities during the event Intercontinental Dialogue on Economic Cooperation between Eurasia and Latin America and the Caribbean, carried out some days earlier at the headquarters of the EEC with the participation of Latin American ambassadors accredited to Russia.

Both economic mechanisms recognized in particular the great potential to increase their trade in goods and services, and for this reason they will organize seminars and conferences in order to define the best opportunities in both continents.

The Latin American and Caribbean Economic System (SELA) is an inter-governmental regional organization that seeks to coordinate common economic and cooperation strategies for its 26 Member States, and the Eurasian Economic Commission (EEC) is a supranational organization of the Eurasian economic space, made up by Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.