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Eurasian Development Bank Suggests New Program With Participation Of

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  • Eurasian Development Bank Suggests New Program With Participation Of

    EURASIAN DEVELOPMENT BANK SUGGESTS NEW PROGRAM WITH PARTICIPATION OF ARMENIA

    20:13, 5 February, 2013

    YEREVAN, FEBRUARY 5, ARMENPRESS: Eurasian Development Bank's (EDB)
    Centre for Integration Studies has published a report titled The
    Customs Union and Neighbouring Countries: Models and Instruments
    of Mutually Beneficial Partnership. The authors have analyzed the
    models and forms of cooperation between the existing integration
    organizations, in particular the European Union (EU) and the Mercosur,
    and countries that are not their members and/or do not border them.

    As Armenpress was informed from the representative of press office of
    EDB Yulia Ostrukhova, report analyses cooperation between the EU and
    the Balkan countries which is aimed at achieving their full membership
    of the EU and with the countries of Eastern Europe, Southern Caucasus
    (including the EU's Eastern Partnership program) and the Mediterranean
    which takes form of a system of partnership and cooperation agreements
    and the implementation of plans of actions in the framework of the
    European Neighborhood Policy.

    "The Customs Union could propose to its current and future
    partners various models of interaction and additional instruments of
    cooperation," says Vladimir Yasinsky, Managing Director for Research
    at EDB. "This is specifically important for the development of foreign
    economic ties of the emerging Eurasian Economic Union."

    The research reviews possible schemes of cooperation between the
    Customs Union/CES and Armenia, Moldova and Tajikistan. The authors
    propose to launch a Eurasian Partnership program to foster deeper
    integration and multilateral cooperation. This program could be used
    to develop both bilateral and multilateral relationships taking into
    account the specifics of each partner. These could be structured
    based on agreements and joint plans of action (as in the European
    Neighborhood Policy) and on the participation in joint programs.

    "A flexible and pragmatic approach should be used to develop
    relationships between the CES and the countries of the Eurasian
    continent. Our report proposes a wide range of approaches to building
    economic integration based on international experience in this area,"
    says Evgeny Vinokurov, Director of the Centre for Integration Studies.

    Eurasian Development Bank is an international financial institution
    founded by Russia and Kazakhstan in January 2006 with the mission to
    facilitate the development of market economies, sustainable economic
    growth and the expansion of mutual trade and other economic ties in
    its member states. EDB's charter capital exceeds US $1.5 billion. The
    member states of the Bank are the Republic of Armenia, the Republic
    of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the
    Russian Federation, and the Republic of Tajikistan.

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