Mutual trade between EAEU countries may reach $100bn

The meeting of the Eurasian Intergovernmental Council discussed the macroeconomic situation in the countries of the Eurasian Economic Union (EAEU) and measures for sustainable economic development.

According to the Eurasian Economic Commission, in 2024, the union's total GDP grew by 4%, outpacing the global average of 3.2% and earlier forecasts. Mutual trade between the countries continues to grow rapidly and could reach $100bn by 2026.
The Council instructed the Eurasian Economic Commission to work with member states to expand financial support for the agro-industrial complex. It is planned to develop proposals for financing the industry from the EAEU budget, as well as possible changes in supranational legislation.

In addition, a report on the development of the union's transport infrastructure for 2022-2024 was presented. About 70% of transit traffic in the EAEU passes through Eurasian transport corridors, which makes their synchronisation a priority.