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Customs Union Is Important For Armenian Trade Turnover: EurAsEC Inst

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  • Customs Union Is Important For Armenian Trade Turnover: EurAsEC Inst

    CUSTOMS UNION IS IMPORTANT FOR ARMENIAN TRADE TURNOVER: EURASEC INSTITUTE DIRECTOR

    http://armenpress.am/eng/news/737017/customs-union-is-important-for-armenian-trade-turnover-eurasec-institute-director.html
    13:28, 18 October, 2013

    YEREVAN, OCTOBER 18, ARMENPRESSO~I The membership in the Customs
    Union will ensure the growth of the export volumes for the Republic
    of Armenia and the rapid rates of the economic development in that
    context. The Director of the EurAsEC Institute Vladimir Lepekhin
    stated about it at the meeting with the journalists.

    According to him, the geopolitical situation in the region and the
    possible developments were an important stimulus for Armenia to join
    the Customs Union.

    "The decision that was made by the President of the Republic of Armenia
    to join the Customs Union is quite important for the development of
    the economy of the country. Though I heard much that the decision
    of Serzh Sargsyan was a surprise for everybody, but I think that
    it was expected. The Customs Union will become an important circle
    for the trade turnover and Armenia should be a part of it", -
    stated the Director of the EurAsEC Institute Vladimir Lepekhin,
    Armenpress reports.

    In the result of the negotiations on September 3, 2013 in Moscow the
    Presidents Serzh Sargsyan and Vladimir Putin confirmed the aim of
    the Republic of Armenia and the Russian Federation in the direction
    of further development of economic integration processes in the
    Eurasian territory. In that context the President of the Republic of
    Armenia Serzh Sargsyan announced about the Armenia's decision to join
    the Customs Union and the necessity of implementation corresponding
    steps for that aim and in future about participating in formation of
    the Eurasian economic union. The President of the Russian Federation
    Vladimir Putin expressed his support to the abovementioned decision
    of Armenia and informed about the readiness of the Russian side to
    support the process. Serzh Sargsyan noted that this decision is not
    refusal from dialogue with European organizations.

    Earlier it was intended that Yerevan will sign the Association and
    Free Trade Zone Agreement with the European Union in Vilnius. The
    Eastern Partnership summit will be held on November 28-29 in Vilnius,
    during which the signing (or pre-signing) of the Association Agreement
    with some Eastern Partnership countries is expected.

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