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Armenia Quits CIS Economic Court

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  • Armenia Quits CIS Economic Court

    Armenia Quits CIS Economic Court

    PanARMENIAN.Net
    22.12.2006 16:06 GMT+04:00

    /PanARMENIAN.Net/ The RA parliament has approved President Robert
    Kocharian's proposal on advisability of suspending agreement "On the
    Status of the CIS Economic Court" as regards Armenia. According Justice
    Minister Davit Harutyunian the examination of the role of CIS EC shows
    that the structure does not play significant role in the economic
    life of the CIS member states and resolution of economic disputes.

    "Economic disputes were not considered during the existence of the
    Economic Court. The principal issues referred not to violations of
    economic obligations of the states but to agreements concluded in the
    CIS framework and interpretation of signed international agreements,"
    he said.

    Besides, the Minister said, only 8 CIS member states joined the treaty
    and the passivity of t he Court was conditioned by its regulations,
    according to which the Court doesn't possess outlined authority and
    its decisions are of recommendation and declarative nature.

    At the same time the Minister informed that Armenia possessing
    the right to appoint two judges is not represented in the CIS EC
    now. The last Armenian judge was released from his duties by the RA
    President's decree.

    Armenia maintains extra responsibilities, including financial ones,
    without being represented in the Court," the Minister said adding
    that suspension process was launched by other member states as well.

    When commenting on the decision RA parliament Tigran Torosian
    remarked that the republic doesn't wish 'CIS dismantling' and has
    always exerted efforts for the CIS formation, reports newarmenia.ru.
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