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ARMENIA PLANS TO BENEFIT FROM CUSTOMS UNION
The Messenger, Georgia
Dec 10 2013
By Messenger Staff
Tuesday, December 10
Armenian analysts think that the country's affiliation with the Customs
and Eurasian Unions will be a serious push forward for the country's
economy. This will facilitate the increase of trade turnover, movement
of people, and servicing of those operations.
The Armenian economy is already deeply integrated into the Russian
economy, and has only continued to increase year by year. Around 45%
of foreign direct investment to Armenia comes from Russia. Labor
migrants from Armenia to Russia transfer around $1.5 billion from
Russia to Armenia every year.
There are around 2.5 million Armenians in the Russian Federation. So,
by entering the Customs and Eurasian Unions, the Armenian authorities
think that it will become much easier for Armenians to travel
throughout Russia and other countries of the Eurasian Union for labor
or other reasons.
In this regard, Armenian analysts place great importance on the issue
of restoring the Abkhazian segment of the railways connecting Russia
with Georgia. According to their opinion, it would become one of the
most active trade land connections between Russia and Armenia.
Some analysts also suggest that the Customs and Eurasian Union could
facilitate the regulation of the Karabakh conflict as well.
The Messenger, Georgia
Dec 10 2013
By Messenger Staff
Tuesday, December 10
Armenian analysts think that the country's affiliation with the Customs
and Eurasian Unions will be a serious push forward for the country's
economy. This will facilitate the increase of trade turnover, movement
of people, and servicing of those operations.
The Armenian economy is already deeply integrated into the Russian
economy, and has only continued to increase year by year. Around 45%
of foreign direct investment to Armenia comes from Russia. Labor
migrants from Armenia to Russia transfer around $1.5 billion from
Russia to Armenia every year.
There are around 2.5 million Armenians in the Russian Federation. So,
by entering the Customs and Eurasian Unions, the Armenian authorities
think that it will become much easier for Armenians to travel
throughout Russia and other countries of the Eurasian Union for labor
or other reasons.
In this regard, Armenian analysts place great importance on the issue
of restoring the Abkhazian segment of the railways connecting Russia
with Georgia. According to their opinion, it would become one of the
most active trade land connections between Russia and Armenia.
Some analysts also suggest that the Customs and Eurasian Union could
facilitate the regulation of the Karabakh conflict as well.