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ARMENIA CAN INCREASE TRADING WITH FORMER SOVIET REPUBLICS BY COOPERATING WITH CUSTOMS UNION : EDB RESEARCH
YEREVAN, March 18. /ARKA/. Armenia can significantly advance its
commercial turnover with former Soviet republics by cooperating
with the Customs Union, Vladimir Pereboev, a responsible secretary
of Centre for Integration Studies at the Eurasian Development Bank
(EDB), declared presenting "The Customs union and neighboring states:
models and instruments of mutually beneficial partnership" report.
The report covers the complex research of the basic models and
instruments of cooperation between the large integration unions and
neighboring states.
The research refers to Armenia, Moldova and Tajikistan.
Pereboev said the close ties between the former Soviet states explain
their specific partnership format.
"Trading and economic relations continue due to former ties established
in Soviet times during the planned model of economy. Local exporters
are better aware of Russia's commercial opportunities and those of
other post-Soviet states because of similarity of laws, language
and mentality. Thus, trading and economic relations with some other
countries, even if they are more beneficial, can fail because of
inability or unwillingness to do business with them," he said.
The expert noted in the former Soviet republics mutual trading rates
exceed those with other countries of the world.
"Nevertheless, despite some big trading turnover, by raising their
own competitiveness Armenia, Moldova and Tajikistan can increase
trade volumes through cooperating with the Customs Union," he added.
Pereboev highlighted the increase in domestic production in an open
economy can appear if local producers can compete with foreign ones.
"There are different methods to assess a relative competitiveness
of countries in these or those economic sectors. Identification of
compared advantages can help us to realize pluses and minuses of
Customs Union integration," he said .
He also informed Armenia has a comparative advantage over the Customs
Union in agricultural sector, whereas no comparative advantage in
mineral production, chemical and wood processing industry.
The report was presented at Economic Aspects of the Eurasian
Integration and Armenia conference organized by Integration and
Development organization in Yerevan. Economy Minister of Armenia
Tigran Davtyan, scientists, analysts from Russia, Armenia and Belarus
participated in the conference on Saturday. -0-
YEREVAN, March 18. /ARKA/. Armenia can significantly advance its
commercial turnover with former Soviet republics by cooperating
with the Customs Union, Vladimir Pereboev, a responsible secretary
of Centre for Integration Studies at the Eurasian Development Bank
(EDB), declared presenting "The Customs union and neighboring states:
models and instruments of mutually beneficial partnership" report.
The report covers the complex research of the basic models and
instruments of cooperation between the large integration unions and
neighboring states.
The research refers to Armenia, Moldova and Tajikistan.
Pereboev said the close ties between the former Soviet states explain
their specific partnership format.
"Trading and economic relations continue due to former ties established
in Soviet times during the planned model of economy. Local exporters
are better aware of Russia's commercial opportunities and those of
other post-Soviet states because of similarity of laws, language
and mentality. Thus, trading and economic relations with some other
countries, even if they are more beneficial, can fail because of
inability or unwillingness to do business with them," he said.
The expert noted in the former Soviet republics mutual trading rates
exceed those with other countries of the world.
"Nevertheless, despite some big trading turnover, by raising their
own competitiveness Armenia, Moldova and Tajikistan can increase
trade volumes through cooperating with the Customs Union," he added.
Pereboev highlighted the increase in domestic production in an open
economy can appear if local producers can compete with foreign ones.
"There are different methods to assess a relative competitiveness
of countries in these or those economic sectors. Identification of
compared advantages can help us to realize pluses and minuses of
Customs Union integration," he said .
He also informed Armenia has a comparative advantage over the Customs
Union in agricultural sector, whereas no comparative advantage in
mineral production, chemical and wood processing industry.
The report was presented at Economic Aspects of the Eurasian
Integration and Armenia conference organized by Integration and
Development organization in Yerevan. Economy Minister of Armenia
Tigran Davtyan, scientists, analysts from Russia, Armenia and Belarus
participated in the conference on Saturday. -0-