Connect with us

Newsdesk

There is no alternative to the EAEU in the Eurasian space

Newsroom

Published

on

“The EAEU is a natural living space for citizens of the Union countries. Our goal is to create favourable conditions for them and the business community. This means elimination of barriers, restrictions so people, capital, goods and services can move freely,” the Chairman of the Board of the Eurasian Economic Commission (EEC), Tigran Sargsyan, said speaking at the 12th International.

Conference on Eurasian Economic Integration held by the EDB.

According to Tigran Sargsyan, this can be achieved through institutional reforms focused on the future. “Digital transformation, in particular, is an obvious global trend, and if we are behind here, we will face new barriers, exemptions and restrictions,” the Chairman of the EEC Board believes.

When evaluating the efficiency of the ongoing integration processes, Tigran Sargsyan highlighted the fact that the Eurasian Economic Commission had been created precisely in order to ensure harmonization of those changes that were supposed to happen in all the countries of the Union in the course of transition to common markets for goods, services, capital and labour. “We have to reflect the interests of all the five member countries,” the Chairman of the EEC Board believes. To this end, the Commission continues to work on the formation of unified customs rules, development of common technical regulations, phytosanitary and veterinary requirements. Today, in any way about 50% of the EEC activities are related to the removal of barriers, exemptions, restrictions. “Creation of the ” White Book”, where we tried to not simply describe these barriers, but also to find an agreed stance of the countries to eliminate them, can be considered a big breakthrough for this year,” the Chairman of the EEC Board is convinced.

“At the same time, we have always to rethink the process of integration,” Tigran Sargsyan said. “Today, the actual task is the expansion of powers and thus the increase of the level of the Commission liability. Expanding the scope of liability of a supranational body means paying attention to the common interests.”
“If we created a supranational body that reflects the interests of all the parties, it should work. Therefore, it is necessary to expand powers. Thus, the Commission liability for the common future will be more evident. And from this point of view, experience of the European Union is useful, as we are perhaps the second economic association in the world practice with such a deep integration and a supranational body,” the Chairman of the EEC Board emphasised.

The Commission’s position was supported by all participants at the plenary session. In particular, the Chairman of the Board of the Centre for Strategic Research, Alexey Kudrin, noted the need to strengthen the role of supranational institutions. In particular, he stated that “Russia should in fact to bolder delegate their sovereign rights to this level, to abandon some of its autonomy and national egoism.
 
According to the Chairman of the EDB Executive Board, Dmitry Pankin, to accelerate the integration processes and the growth of the economies of the Union countries we must continue eliminating barriers within the EAEU, developing economic cooperation with third countries and simplifying the entering foreign markets by companies. In addition, Dmitry Pankin stressed the importance of an agreed transport policy in implementing large infrastructure projects. “One of the key elements that will link the economies of our countries is just common infrastructure. The EEC began an important and useful work on the analysis of transport projects that every country is going to develop. Now, more than 30 major projects have already been collected. I find the task of infrastructure project integration to be extremely important,” Dmitry Pankin noted.

According to the Chairman of the EEC Board, Tigran Sargsyan, “the future of the integration processes largely depends on whether the countries of the Union can jointly respond to global challenges.” Only together, in one integration association, we can be successful and find our place among the world leaders. This will raise the level of well-being of citizens and ensure the competitiveness of the Eurasian business, Tigran Sargsyan is sure.

Continue Reading
Comments

Newsdesk

Advancing the SDGs through impact investment

Newsroom

Published

on

Photo: UNIDO

Representatives of more than 20 Investment Promotion Agencies (IPAs) have come together to learn and deliberate about novel approaches in investment promotion.

The three-day training organized by the United Nations Industrial Development Organization (UNIDO), together with its partners, the World Association of Investment Promotion Agencies (WAIPA) and the Turkish Cooperation and Coordination Agency (TIKA), includes lecture and workshop sessions, as well as practical site visits and bilateral meetings.

The training reflects the fundamental premise that the Sustainable Development Goals (SDGs) cannot be achieved without enormous additional volumes of “quality” foreign and domestic investments – a finding which clearly emerged during the Vienna Investment Conference – Quality FDI, Growth and Development, organized by UNIDO in September 2016.

Participants in the training agreed that the focus of international investment promotion is shifting away from the mere financial side of international investments towards a wider combined economic, social and environmental impact – known as “impact investments”. They also recognized that many challenges remain to properly identifying and gauging impact investments, and confirmed the need to adjust services and instruments to augment the various dimensions of impact investments. UNIDO received important feedback on IPAs’ interest in participating in follow-up training on specific impact investing themes to be developed as part of a larger UNIDO Impact Investing strategy.

The training also provided participants with an opportunity for intensive networking and for deepening contacts with institutional stakeholders in Turkey, including the Republic of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT).

The joint workshop marked a concrete milestone in the implementation of the Memoranda of Understanding that UNIDO has concluded with both WAIPA and TIKA in 2016.

Source

Continue Reading

Newsdesk

ADB, B.Grimm Power Expand Support for Renewable Energy in ASEAN

Newsroom

Published

on

The Asian Development Bank (ADB) today signed a loan equivalent of up with $235 million to B.Grimm Power Public Company Limited (B.Grimm Power), one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).

“The development of renewable energy in Southeast Asia is critical to meet its energy needs and B.Grimm Power is at the forefront of the region’s fast growing alternative energy sector,” said Michael Barrow, Director General of ADB’s Private Sector Operation’s Department. “ADB is proud to once again partner with B.Grimm Power as it continues its expansion strategy in ASEAN member countries.”

ADB’s financing will support B.Grimm Power’s implementation of the ASEAN Distributed Power Project, which will expand renewable and distributed power generation into new markets in ASEAN including Cambodia, Indonesia, Lao People’s Democratic Republic, Myanmar, the Philippines, and Viet Nam. The project will involve the execution and operation of distributed and utility-scale solar, wind, biomass, waste-to-energy, gas-fired power, energy storage, as well as associated infrastructure in ASEAN countries.

B.Grimm Power’s total distributed power generation capacity is expected to increase by over 50% to 2,500 megawatts (MW) by 2022, while the renewable energy share in its portfolio will rise from 10% to 30%.

ADB took a B1,968 million ($57.7 million) equity stake in B.Grimm Power as part of the company’s initial public offering in July 2017. ADB also administers a $20 million loan provided by the Canadian Climate Fund for the Private Sector in Asia under the Clean Energy Financing Partnership Facility.

B.Grimm Power is a subsidiary of the 140-year old conglomerate B.Grimm Group, operating in the energy industry since 1993 in Thailand. B.Grimm Power currently has a total capacity of 1,779 MW, operating 13 gas-fired plants, with 4 more under development or construction. In recent years, B.Grimm has diversified into renewable energy and is operating 15 solar power plants and 2 hydro power plants.

Continue Reading

Newsdesk

Over 10,000 Refugees Resettled in UK Under Flagship Scheme

Newsroom

Published

on

Pre-departure orientation in Istanbul. © IOM

The United Kingdom is more than halfway towards meeting its commitment to resettle 20,000 people by 2020 through the Vulnerable Persons Resettlement Scheme (VPRS), according to new figures revealed yesterday (22/10).

The latest quarterly Home Office immigration statistics show that 10,538 refugees have been resettled under the VPRS – one of the largest global resettlement programmes – since it began.

The VPRS is just one of the ways in which the UK is helping to resettle refugees. In 2017, a total of 6,212 people were resettled in the UK – a 19 per cent increase from 2016 – with 4,832 of these people coming through the VPRS. Some 539 people arrived under the Vulnerable Children’s Resettlement Scheme (VCRS), which will resettle up to 3,000 at-risk children and their families from the Middle East and North Africa region by 2020. The latest figures take the total number of children that the UK has provided asylum or an alternative form of protection to since the start of 2010 to 28,000.

Earlier this week, UK Home Secretary Amber Rudd visited a refugee camp in Lebanon, meeting families who have fled the war in Syria and speaking to officials from the UN Refugee Agency (UNHCR) who are working closely with the Home Office to resettle families to the UK.

“As a country we can be proud that we are over half way towards honouring our commitment of resettling 20,000 of the most vulnerable refugees who have fled Syria by 2020 so they can rebuild their lives here in safety,” Rudd said. “Nearly half are children and more people are arriving every month.”

“This week I went to Lebanon to see for myself the human impact of the Syrian conflict and talk to refugees about the challenges they face. I met a family who is due to be resettled in the UK and heard first-hand how important the resettlement scheme is and how it helps individuals, who have fled danger and conflict, to rebuild their lives. We are welcoming and supporting some of the most vulnerable refugees and I am grateful to all of the local authorities, charities and other organizations that have made it possible,” the Home Secretary added.

The VPRS is a joint scheme between the Home Office, the Department for International Development and the Ministry of Housing, Communities and Local Government.

The UK works closely with UNHCR; IOM, the UN Migration Agency; and partners on the VPRS to provide life-saving solutions for the refugees most in need of protection, including people requiring urgent medical treatment, survivors of violence and torture, and women and children at risk.

“The UK has embarked on an impressive upscaling of the VPRS in a short period, setting in place structures to welcome highly vulnerable refugees and allowing them to gradually stand on their own feet again,” said UNHCR’s UK Representative Gonzalo Vargas Llosa.

“Collaboration between the central Government, local and devolved authorities and service providers has been commendable. I’ve been up and down the country meeting refugee families and local communities, and the strong support for this programme and refugee integration generally is something the UK should be proud of.”

IOM facilitates pre-departure health assessments, cultural orientation and travel for refugees going to the UK. IOM also supports national and local governments to develop integration programmes as part of a holistic migration management strategy.

“The UK has achieved a significant milestone for the VPRS by resettling over half of the 20,000 committed to be resettled by 2020,” said IOM UK Chief of Mission Dipti Pardeshi. “The generosity and welcome shown by the UK government and the British people to those resettled is commendable.”

“Today, less than one per cent of refugees worldwide have been resettled and the need continues to be dire. Resettlement cannot be viewed as a one-off effort. Countries must step up to resettle more refugees and to view this as part of a holistic process to help vulnerable refugees rebuild their lives.”

The UK’s resettlement schemes are just some of the ways the Government is supporting vulnerable children and adults who have fled danger and conflict. The UK remains the second largest donor in humanitarian assistance and has pledged £2.46 billion in UK aid to Syria and the neighbouring countries, its largest ever response to a single humanitarian crisis.

“I cannot wait to move to the UK,” says 11-year-old Shahed.  Most of her life has been overshadowed by the conflict in Syria. Last week her family arrived at the IOM offices in Beirut, Lebanon for the final preparations to resettle to the UK.

A big smile stretches across her face. She understands that this is an opportunity for a new beginning for her family, and Shahed’s plans are already in full swing.

“I want to study and one day be able to teach Maths, Geography or Philosophy. I also want to help other people.”

Shahed and her family will resettle to the UK under the Vulnerable Persons Resettlement Scheme that has provided an opportunity for over 10,000 refugees to rebuild their lives since 2015.

Since 2012, across Syria and the region, the UK has provided at least 26 million food rations, 9.8 million relief packages, 10.3 million medical consultations and 8.3 million vaccines.

Source: IOM

Continue Reading

Latest

Urban Development37 mins ago

Relocation not a viable solution to Tehran’s growing problems

The growing problems of the megacity of Tehran does not justify relocating it, councilor Ahmad Masjed-Jamei said on Saturday. He...

Newsdesk2 hours ago

Advancing the SDGs through impact investment

Representatives of more than 20 Investment Promotion Agencies (IPAs) have come together to learn and deliberate about novel approaches in...

Defense20 hours ago

Globally Top-Respected Experts on Middle East Warn Syrian War May Produce WW III

Abdel Bari Atwan, the retired editor-in-chief (1989-2013) of the pan-Arab newspaper Al Quds Al Arabi and author of widely respected...

Intelligence21 hours ago

Does the Idea of a Segmentary System Help to Explain Political Conflict?

The concept of segmentation does not imply structural dimensions per se. Segmentation, as it is technically understood, involves a unit-whole...

Economy22 hours ago

The War for Raw Materials

The war for raw materials amounts to a reshuffling of the power relations among Western nations, on one hand, and...

Newsdesk23 hours ago

ADB, B.Grimm Power Expand Support for Renewable Energy in ASEAN

The Asian Development Bank (ADB) today signed a loan equivalent of up with $235 million to B.Grimm Power Public Company Limited (B.Grimm...

Americas24 hours ago

U.S. propaganda cites NATO’s PR agency’s confirmation that “evidence is overwhelming” Russia manipulated U.S. Elections

“There’s no possible way you can say that [Russia’s manipulation of the 2016 U.S. elections] didn’t happen,” says Ben Nimmon,...

Newsletter

Trending

Copyright © 2018 Modern Diplomacy