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CIS FREE TRADE DEAL WAY "TO DAMPEN THE BLOWS OF THE CRISIS" - ARMENIAN PM
Interfax
Oct 19 2011
Russia
The free trade treaty signed by eight member countries of the
Commonwealth of Independent States (CIS) on Tuesday "creates a new
economic zone that will make it possible to dampen the blows of the
crisis," Armenian Prime Minister Tigran Sargsyan said on Wednesday.
The treaty creates a common market whose member countries will
be able to jointly foresee threats and take action against them,
Sargsyan said during a meeting with students at the St. Petersburg
University of Economics and Finance.
He promised that his government would follow "the logic of industrial
society," which is seeking to shield Armenia from the global crisis.
It would try to avoid a budget deficit larger than 5% and a foreign
debt bigger than half of gross domestic product.
The signatories to the free trade accord, signed in St. Petersburg,
are Russia, Ukraine, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Moldova
and Tajikistan. Azerbaijan, Uzbekistan and Turkmenistan said they
would consider joining the treaty before the end of the year.
Interfax
Oct 19 2011
Russia
The free trade treaty signed by eight member countries of the
Commonwealth of Independent States (CIS) on Tuesday "creates a new
economic zone that will make it possible to dampen the blows of the
crisis," Armenian Prime Minister Tigran Sargsyan said on Wednesday.
The treaty creates a common market whose member countries will
be able to jointly foresee threats and take action against them,
Sargsyan said during a meeting with students at the St. Petersburg
University of Economics and Finance.
He promised that his government would follow "the logic of industrial
society," which is seeking to shield Armenia from the global crisis.
It would try to avoid a budget deficit larger than 5% and a foreign
debt bigger than half of gross domestic product.
The signatories to the free trade accord, signed in St. Petersburg,
are Russia, Ukraine, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Moldova
and Tajikistan. Azerbaijan, Uzbekistan and Turkmenistan said they
would consider joining the treaty before the end of the year.