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Eurasian Union Economic Alliance, Not USSR Reincarnation: EEC Board

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  • Eurasian Union Economic Alliance, Not USSR Reincarnation: EEC Board

    EURASIAN UNION ECONOMIC ALLIANCE, NOT USSR REINCARNATION: EEC BOARD CHAIR

    November 7, 2013 - 20:09 AMT

    PanARMENIAN.Net - Eurasian Union is an economic alliance, rather
    than the USSR reincarnation, the board chair of the Eurasian Economic
    Commission (EEC) said.

    As Viktor Khristenko stated during a meeting with the Yerevan State
    University (YSU) students, "Eurasian Union is planned as an economic
    alliance, without any political implications. Other organizations,
    like CSTO, serve this purpose, being engaged in military and political
    integration."

    Khristenko went on to refute suggestions that a Customs Union
    membership might lead to loss of sovereignty. As he noted, current
    CU members - Russia, Belarus and Kazakhstan - have different
    economic potentials. Russia has 87% of the total potential; however,
    the CU-related decisions are made at the Council level, through a
    consensus. Decisions at the Eurasian Economic Commission are passed
    with the 2/3 of votes, Novosti-Armenia quoted him as saying.

    Earlier President Serzh Sarsgsyan met Khristenko to discussed
    Armenia-EEC cooperation.

    The parties focus on a memorandum of cooperation inked on November
    6, expressing confidence that the document will contribute to
    strengthening of Armenia-EEC ties.

    As they further stressed, extensive work is to be accomplished
    following Armenia's decision to join the Customs Union, with close
    cooperation between the parties necessary.

    A memorandum on deepening cooperation with the Eurasian Economic
    Commission (EEC) and the Republic of Armenia was signed in Yerevan on
    Wednesday, November 6. The document to serve as a basis for Armenia's
    joining the Customs Union was signed by EEC chairman Viktor Khristenko
    and Armenian Prime Minister Tigran Sargsyan.

    http://www.panarmenian.net/eng/news/172344/

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