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Senior Russian Official Urges Armenia To Join Free Trade Zone Agt, E

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  • Senior Russian Official Urges Armenia To Join Free Trade Zone Agt, E

    SENIOR RUSSIAN OFFICIAL URGES ARMENIA TO JOIN FREE TRADE ZONE AGT, EURASIAN INTEGRATION

    http://armenianow.com/news/39281/armenia_russia_valentina_matviyenko_cis_free_trade _zone
    News | 12.07.12 | 12:42

    Russian Federation Council Chairperson Valentina Matviyenko urged
    Armenia to speed up its accession to the CIS free trade zone agreement
    and Eurasian integration in general on an official visit to Yerevan
    Wednesday.

    "This agreement creates conditions for invigorated trade and economic
    cooperation," Matviyenko said at a meeting with Armenian Parliament
    Speaker Hovik Abrahamyan, according to news agency Itar-Tass.

    The Russian official also said that the agreement had been signed
    "subject to WTO rules and therefore does not obstruct accession to
    the Organisation".

    Abrahamyan reportedly assured Matviyenko that this issue would be
    considered shortly.

    Matviyenko also stressed that Eurasian integration "does not contradict
    European integration".

    The CIS free trade zone agreement was signed on October 18, 2011
    in St. Petersburg by the heads of government from Russia, Ukraine,
    Belarus, Kazakhstan, Armenia, Tajikistan, Moldova, and Kyrgyzstan.

    Azerbaijan, Turkmenistan and Uzbekistan did not sign the document
    but said they would join in.

    The Eurasian Economic Community consists of Russia, Belarus,
    Kazakhstan, Kyrgyzstan, and Tajikistan. Armenia is an observer.

    Armenia's main explanation of not speeding up the process of joining
    the Agreement is that the country has no land link with the rest of
    the signatories.

    A new comprehensive Eurasian Union treaty is expected to be signed
    by January 1, 2015.

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