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Armenia May Join Customs Union, Eurasian Economic Union

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  • Armenia May Join Customs Union, Eurasian Economic Union

    ARMENIA MAY JOIN CUSTOMS UNION, EURASIAN ECONOMIC UNION

    ITAR-TASS
    July 12, 2012 Thursday 07:04 AM GMT+4
    Russia

    Armenia may join the Customs Union and the Eurasian Economic Union,
    Russian Federation Council Chairperson Valentina Matviyenko said
    after a meeting with Armenian President Serzh Sargsyan.

    "They asked for 'road maps'," Matviyenko said, adding that in
    Sargsyan's words, Armenia does not rule out participation in other
    European bodies as well.

    In the autumn, the Armenian parliament will debate ratification of
    the CIS free trade zone agreement and the agreement on military bases
    in the member states of the Collective Security Treaty Organisation.

    Sargsyan explained a delay in the consideration of these documents
    by parliamentary elections that were held in Armenia on May 6. "Both
    documents will be submitted for ratification in September," Matviyenko
    said.

    Matviyenko urged Armenia to speed up its accession to the CIS free
    trade zone agreement.

    This agreement "creates conditions for invigorated trade and economic
    cooperation", Matviyenko said at a meeting with the chairman of the
    National Assembly of Armenia, Ovik Abramyan, on Wednesday, July 11.

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

    Abramyan assured her that this issue would be considered shortly.

    Matviyenko also noted the issue of Eurasian integration. "We could
    discuss this issue between the parliaments in order to find a way to
    engage Armenia ion these processes harmoniously," she said.

    Matviyenko stressed that Eurasian integration "does not contradict
    European integration" and said that although Eurasian integration is
    Russia's foreign policy priority, the European Union accounts for 50
    percent of its foreign trade turnover.

    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.

    The Supreme Eurasian Economic Council includes Russia, Belarus and
    Kazakhstan.

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




    From: A. Papazian
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