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EAEU intending to create Eurasian brands

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“We must focus on global integration projects that would create Eurasian brands and help promoting our goods at the third countries’ markets”. This was stated by the Chairman of the Board of the Eurasian Economic Commission (EEC) Tigran Sargsyan speaking in Moscow at the plenary session of the XIII International Conference “Eurasian Economic Integration”.

The participants of the annual event arranged by the Eurasian Development Bank discussed the challenges and prospects for Eurasian integration.

Tigran Sargsyan noted that over the years of its existence the Eurasian Economic Union (EAEU) has proved its solidity and efficiency notwithstanding its young age. Next year, the EAEU countries will celebrate the fifth anniversary of signing the Treaty on the Union.

The EEC observes the increase in mutual trade, improvement of its structure, and strengthening of cooperation ties. “This shows that implementing main principles enshrined in the Union’s treaty has positive results for the Union’s economic growth. The Commission assesses the potential of this effect as about 1% of Gross National Product’s annual growth”, – highlighted the Chairman of the EEC Board.

A solid achievement of the EAEU is the third countries’ increasing interest in developing and deepening trade and economic cooperation with the Union. “This proves that the EAEU has established itself as a genuine integration association”, – believes Tigran Sargsyan.

Recently, the EEC has entered into a number of memoranda in Singapore: a memorandum of understanding with the ASEAN and a memorandum of cooperation with the Government of the Kingdom of Thailand. The Commission expects to sign a similar document with MERCOSUR. In May 2018, trade and economic agreements with China and Iran were concluded. The work is ongoing on international tracks approved by the Heads of the EAEU States in order to create free trade areas with Egypt, India, Israel, Singapore, and Serbia. Five rounds of negotiations with Singapore were held. Tigran Sargsyan expressed his hope that in 2019 it would be possible to enter the home stretch on the issue of creating an FTA with the Republic.

“Concluding FTA agreements with these countries is a serious potential for inducing economic growth in our States, and ramping up exports to these countries’ markets. It also means the possibility of additional investment attraction”, – reported the Chairman of the EEC Board.

Tigran Sargsyan also named the problems to be solved with a view to promote Eurasian integration. In his opinion, they are related to “under-integration” within the Union’s space. There are obstacles inhibiting the implementation of the “Four Freedoms” principle, and these must be removed. This is exactly the task the Heads of the Member States set for the EEC.

“Obstacles result from uncoordinated actions. Therefore, the States must pursue agreed policies. Such trends in global economy as protectionism, protection of domestic manufacturers, trade wars are unacceptable in our Union”, – stressed Tigran Sargsyan.
These agreed policies are underlain by harmonization of national legislations, in particular, in financial sphere. Upon instruction of the Presidents, national and central banks of the participating countries are developing the Concept of the EAEU common financial market.

The Chairman of the EEC Board also mentioned the necessity to form Eurasian brands similar to “Airbus” project in the European Union. “We need to launch such large-scale cooperation projects with the participation of all the partners within the Union, which would enable us to hold ourselves out as a united entity in relation to third countries”, – he stated.

The Commission is actively working over creation of a Eurasian brand in jewelry branch, as the Union countries have relative advantages in this field. The work is under way on forming a Eurasian brand in lighting engineering. The EAEU Digital Agenda is being implemented, which encompasses all the areas of activity of the participating countries. About 30 initiatives – major digital projects – are now being examined by the EEC Digital Office, some of them to win funding in 2019.

The Chairman of the EEC Board mentioned that the Commission was interested in cooperation under such projects with the EADB. “The key role in financing such global integration projects may belong to the Eurasian Development Bank”, – reckons Tigran Sargsyan.

Due to increasing demand in the EAEU countries for settlements in national currencies, the Chairman of the Board of the Eurasian Development Bank Andrey Belyaninov proposed to develop the Eurasian system of financial messaging. “For further promotion of settlements in national currencies within the Eurasian space we need to create a Eurasian financial messaging system using our “regulatory sandboxes” capabilities, – he said.

The Chairman of the Accounts Chamber of the Russian Federation Alexey Kudrin considers the EAEU’s task on deepening relations between the participating countries, eliminating barriers, forming common standards and new regulation models, in particular, within the financial market, to be an element of integration.

Whereas the Eurasian integration heavily relies upon its largest economy – the Russian economy, the Russian Federation shall, as a country creating the market for all countries, drive up rates of economic growth, remove barriers and enable the participants from the Union countries to access public procurement. “At this point, Russia shall sometimes make a compromise, then it will provide the impetus for the Union’s development”, – Alexey Kudrin believes.

The plenary session was also attended by the Deputy Minister of Finance of the Russian Federation Sergey Storchak, the Deputy Chairman of Vnesheconombank – Member of the Board Andrey Klepach, the Deputy Chairman of the Board of JSC “Development Bank of Kazakhstan” Dmitry Babichev, and the Dean of the Faculty of World Economy and International Affairs at the National Research University Higher School of Economics Sergey Karaganov.

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EU Politics

Erasmus+: a turning point in the lives of 5 million European students

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New evidence shows that Erasmus+ makes students more successful in their personal and professional lives and helps universities to become more innovative, according to two new independent studies released today by the European Commission.

The large-scale studies based on the feedback from nearly 77 000 students and staff and over 500 organisations measure and analyse the impact the Erasmus+ programme has on its main beneficiaries. Results show how the EU programme helps prepare young Europeans for the new digital era and thrive in their future careers. Erasmus+ also boosts innovation capacity of universities, their international engagement and ability to answer the needs of the labour market.

Commissioner for Education, Culture, Youth and Sport, Tibor Navracsics said: “It is impressive to see how Erasmus+ enables young people to thrive in the modern labour market and in a more diverse society. I am happy to see that Erasmus+ graduates feel more ready to take on new challenges, have better career prospects and are more aware of the benefits the EU brings to their daily lives. At the same time, universities that take part in Erasmus+ are not only more international but also better placed to respond to the needs of the world of work.”

The key findings of the studies are:

Erasmus+ helps students find their desired careers and get jobs quicker

Over 70% of former Erasmus+ students say that they have a better understanding of what they want to do in their future careers when they return from abroad. Their experience abroad also enables them to re-orient their studies to better match their ambitions. The higher education impact study further reveals that 80% were employed within three months of graduation and 72% say their experience abroad helped them get their first job. Nine in ten Erasmus+ alumni say they make use of the skills and experiences acquired abroad in their daily work. Erasmus+ addresses skills mismatches by focusing on soft and interdisciplinary skills development businesses need.

Erasmus+ boosts European sense of belonging

More than 90% of Erasmus+ students also improve their ability to work and collaborate with people from different cultures and feel they have a European identity. The biggest impact is on the students who felt less convinced about the EU prior to their exchange and the students that spent time in a more culturally different country. Of all Erasmus+ students those coming from Eastern Europe identify the most with the EU. 

Erasmus+ supports digital transformation and social inclusion

Erasmus+ cooperation projects make the majority of participating universities better prepared for digital transformation. Making use of new technologies and innovative teaching and learning methods helps strengthen their international cooperation and innovation capacity. Academic staff, who made use of Erasmus+ are more open to involving staff from enterprises in their courses than their non-mobile peers, around 60% compared to 40%. More than 80% of academics report that their experience abroad has led to the development of more innovative curricula. Moreover, two out of three participating universities stated EU-wide projects also contribute to increasing social inclusion and non-discrimination in higher education.

Other findings show that former Erasmus+ students are more satisfied with their jobs compared to those who have not gone abroad. They also have careers that are more international and are almost twice as likely to work abroad. Erasmus+ also supports entrepreneurship. One in four cooperation projects contributed to entrepreneurial education and strengthened entrepreneurship. A third of projects helped create spin-offs and start-ups.

Background

Between 2014 and 2018, more than 2 million students and staff in higher education undertook a learning, training or teaching period abroad as part of the Erasmus+ programme. During the same period, almost 1 000 Erasmus+ Strategic Partnerships between higher education institutions and 93 Knowledge Alliances between universities and businesses received EU funding. More than 40% of these trained students and academic staff in forward-looking skills related to environment and climate change, energy and resources, digital (ICT and digital skills) and entrepreneurship.

The two studies (Erasmus+ Higher Education Impact study and the Erasmus+ Higher Education Strategic Partnerships and Knowledge Alliances study) assessed the impact of the programme on its two main beneficiaries: individuals and organisations.

For the first study, almost 77 000 responses, including from around 47 000 Erasmus+ students, 12 000 graduates and 10 000 staff members with Erasmus+ experience were analysed. The findings of the second study are based on responses from 258 Erasmus+ Strategic Partnerships and Knowledge Alliances (representing 504 organisations) awarded funding in 2014-2016 as well as 26 detailed case studies.

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Energy News

IEA holds Energy Efficiency Training Week in Paris

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Dr Fatih Birol, the IEA's Executive Director (second from right), kicked off the event by stressing the importance of energy efficiency as the first fuel. Photo: IEA

The International Energy Agency is hosting its 11th Energy Efficiency in Emerging Economies Training Week from 20 to 24 May. More than 120 energy efficiency professionals from 40 countries have come together in Paris for the event.

The objective of the training week is to enable participants to learn from leading experts in the field and from each other, strengthening the knowledge and networks needed to meet some of today’s most pressing challenges. The weeklong activities focus on the critical role of energy efficiency in mitigating growing energy demand across all sectors in the world’s fastest‑growing economies.

Dr Fatih Birol, the IEA’s Executive Director, kicked off the event by stressing the importance of energy efficiency as the first fuel. “Many of the challenges the world is facing today – climate change, energy security, access to electricity – can be met at a large scale only by implementing the right energy efficiency policies,” he said.

Ambassadors from Brazil, Switzerland and the United Kingdom joined Dr Birol in the open plenary session to share their experiences and support for the training week. His Excellency, Mr. Carlos Márcio Cozendey, Ambassador and Delegate of Brazil to International Economic Organisations in Paris, commended the opportunity that the training week presents. “Energy efficiency will remain very important in Brazil, and international cooperation through the IEA and bilateral cooperation with different countries will be an important part of that,” he said.

Participants are engaged in one of five parallel courses, which focus on energy efficiency in buildings, industry, appliances and equipment, cities, and indicators and evaluation. Experts from the IEA are guiding participants through an interactive agenda, with lectures, discussions, practical exercises, site visits and group activities.

The IEA will host its first Energy Efficiency Training Week for Africa later this year and a specialised training programme on green buildings in Singapore from 16 to 18 July. Please keep an eye on our website for registration opening dates.

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EU Politics

Aviation Strategy for Europe: Commission signs landmark aviation agreements with China

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The European Union and China have today signed an agreement on civil aviation safety and a horizontal aviation agreement to strengthen their aviation cooperation.

The agreements follow up on the EU-China Summit of 9 April and will serve to boost the competitiveness of the EU’s aeronautical sector and enhance overall EU-China aviation relations. This marks yet another key deliverable under the Juncker Commission’s Aviation Strategy for Europe – designed to generate growth for European business, foster innovation and let passengers profit from safer, cleaner and cheaper flights.

European Commission President Jean-Claude Juncker said: “In an increasingly unsettled world, Europe’s partnership with China is more important than ever before. The EU firmly believes that nations working together makes the world a stronger, safer and more prosperous place for all. Today we took a first big step in this direction by signing two aviation agreements with China that will create jobs, boost growth and bring our continents and peoples closer together. Today’s agreements show the potential of our partnership and we should continue on this path of cooperation. For it will always be in unity that we find strength.”

Commissioner for Transport Violeta Bulc said: “China is one of the European Union’s most important strategic partners and we attach a lot of importance to our excellent relations on transport matters. We are mutually interested in better connecting Europe and Asia and making it easier to move goods, services and people between Europe and China. That applies to aviation, too. Today’s agreements will boost the European Union’s trade in aircraft and related products, and ensure the highest levels of air safety.

The main objective of the bilateral civil aviation safety agreement (BASA) is to support worldwide trade in aircraft and related products. This agreement will remove the unnecessary duplication of evaluation and certification activities for aeronautical products by the civil aviation authorities, and therefore reduce costs for the aviation sector. The BASA will also promote cooperation between the EU and China towards a high level of civil aviation safety and environmental compatibility.

The second agreement signed today is a so-called horizontal aviation agreement. It marks China’s recognition of the principle of EU designation, whereby all EU airlines will be able to fly to China from any EU Member State with a bilateral air services agreement with China under which unused traffic rights are available. Up until now, only airlines owned and controlled by a given Member State or its nationals could fly between that Member State and China. The conclusion of a horizontal agreement will thereby bring bilateral air services agreements between China and EU Member States into conformity with EU law – a renewed legal certainty which will be beneficial to airlines on both sides.

Next steps

Both the European Commission and the Chinese transport administration will now proceed with their respective internal procedures to put the conclusion of the agreement in place.

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