Side Event: The role of regional integration in achieving the SDGs: EAEU and other structures
Halfway through the implementation of the UN 2030 Agenda the defining principle of the Agenda for Sustainable Development to work together globally to promote and protect the well-being of everyone on a healthy, thriving planet is under a threat. The implementation of the SDGs is far behind the schedule and there is an urgent need for the acceleration.
In this context, achieving the Sustainable Development Goals is very challenging for countries with limited internal resources in a self-sustaining economic development. Therefore, a key factor in ensuring sustainable development is to increase trade and investment cooperation with partners that can assist in attracting financing and ensure the import of necessary products. This creates opportunities for newly emerging world powers to achieve their economic goals.
In this regard, regional economic integration, as an important driver of sustainable and inclusive economic growth for the Member States, provides countries with additional opportunities to make significant progress in the implementation of the UN 2030 Agenda. Efforts should be undertaken not only by national governments, but also proceed from regional integration processes. When national governments do not act alone, but together as a group, using economies of scale and each other's competitive advantages, the added value of integration associations becomes even more obvious.
Eurasian Economic Commission
