Maxim Vorobyev, Director of Analytic Research of the International Trade and Integration Research Center (ITI), spoke at the panel session "Prospects for the Development of the Construction Materials Industry as Part of the Eurasian Integration" of the Eurasian Week forum.
Public officials, representatives of companies operating in the sector, and industry experts who were present at the session all confirmed that the industry is actively developing. For EAEU as a whole, production of construction materials in 2017 and 2018 increased by 22.8% and 13.8% respectively. The highest rates of growth in 2018 were found in Armenia (138.3%), Kazakhstan (111.3%), and Kyrgyzstan (109.3%).
The speakers discussed the current state of the industry and ways to solve some pressing issues related to non-genuine products on the market and to the necessity for improving the traceability of goods from the producer to the seller and the buyer.
"Currently, a legal framework has been created at the level of the Eurasian Economic Union to develop the practice of product labeling. Labeling is growing into an important element of not only the struggle against counterfeiting but also the digitalization of commodity flows and the process of creating a traceability system," Maxim Vorobyev pointed out.
The annual session for construction materials producers from the EAEU became a venue for discussing the opportunities for industry development through international and cross-sectoral cooperation. The focus of attention was on the quality of construction materials and the problem of counterfeit and unsafe goods.
Read more in the materials of the Eurasian Economic Commission.
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