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Giragosian: Oligarchic System Of Economy In Armenia Jeopardizes Nati

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  • Giragosian: Oligarchic System Of Economy In Armenia Jeopardizes Nati

    GIRAGOSIAN: OLIGARCHIC SYSTEM OF ECONOMY IN ARMENIA JEOPARDIZES NATIONAL SECURITY

    YEREVAN, June 13. /ARKA/. The oligarchic system of economy in Armenia
    poses a threat to the country's national security, Richard Giragosian,
    a political analyst and the head of the Regional Studies Center,
    said Thursday at a discussion of the Armenia-EU Association Agreement.

    He said tycoons in economy break up the foundations of the state,
    weaken the flow of taxes to the government budget and undermine
    the economy.

    Giragosian said that the Agreement, if signed, would liberalize the
    Armenian economy.

    The EU has been negotiating the EU-Armenia Association Agreement with
    Armenia since July 2010 in the framework of the Eastern Partnership
    and the European Neighborhood Policy. The future Deep and Comprehensive
    Free Trade Area will be part of this Agreement, which aims at closely
    associating this country to the EU both in economic and political
    terms, in line with the Eastern Partnership objectives.

    The future trade relations will therefore expand significantly beyond
    the scope of current cooperation, set out in the Partnership and
    Cooperation Agreements, in force since July 1999.

    The EU-Armenia Association Agreement is planned to be signed on
    November 28 or 29 in Vilnius at an Eastern Partnership summit. -0-

    - See more at:
    http://arka.am/en/news/politics/giragosian_oligarchic_system_of_economy_in_armenia _jeopardizes_national_security/#sthash.X668GKZv.dpuf


    From: Baghdasarian
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