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Head Of Armenian Union Of Commodity Producers Says Armenia's Economy

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  • Head Of Armenian Union Of Commodity Producers Says Armenia's Economy

    HEAD OF ARMENIAN UNION OF COMMODITY PRODUCERS SAYS ARMENIA'S ECONOMY HAS NO FUTURE WITHOUT RUSSIA

    YEREVAN, August 20. /ARKA/. Chairman of an Armenian union of commodity
    producers argued today that Armenia's economy has no future without
    Russia, and 'therefore Armenia will benefit from close integration
    with economies of some former Soviet Union's republics."

    "Our economy can develop only with Russia. Improving economic
    efficiency should become the cornerstone of our economic development.

    Our economy should integrate with Eurasian economies as closer as
    possible,' he said.

    In 2012 Armenian exports to European countries amounted to $560
    million, while exports to Russia, Belarus and Kazakhstan which make
    the Customs Union, only $293 million, however, according to Safarian,
    this year the trend has changed and exports to the Customs Union are
    on the rise.

    According to the National Statistical Service of Armenia, in
    January-June 2013 Armenian exports to EU dropped by 3 percent from
    the year before to $250.5 million, while exports to the Customs Union
    grew from $125.3 to $149.4 million.

    "If we look at Armenian exports to EU, they are mainly raw materials
    for production of non-ferrous metals. We should seek to sell finished
    products to Europe instead of raw materials. Armenian finished
    products are already sold in Russia," said Safarian. -0- - See more at:
    http://arka.am/en/news/economy/head_of_armenian_union_of_commodity_producers_says _armenia_s_economy_has_no_future_without_russia/#sthash.0rd3C0Hp.dpuf



    From: Emil Lazarian | Ararat NewsPress
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