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ARMENIA'S ACCESSION TO CUSTOMS UNION TO LEAD TO 30% GAS PRICE REDUCTION: EDB
YEREVAN, September 5. /ARKA/. Armenia's accession to the customs union
and the joint economic area will bring the gas prices 30% down, will
attract major investments into the country and will help it out from
the transport deadlock, director of Centre for Integration Studies
at the Eurasian Development Bank Yevgeniy Vinokurov said.
Armenia's and Russia's presidents made a joint statement after their
negotiations Tuesday saying Armenia intends to enter the Customs Union
and participate later in formation of the Eurasian Economic Union.
According to Vinokurov, accession to the customs union and joint
economic area will help solve a number of problems, and particularlwill
provide access to a fairly spacious and protected market for products
with high value added.
If built the North-South corridor will help establish reliable
communication between the customs union countries and Iran and South
Asia, Vinokurov said.
He also said prices will go down for gas (from the current $270
to $180), for a number of sensitive goods and draft diamonds in
particular.
This implies also major targeted investments in Armenian economy
(energy, transport, industry), Vinokurov said.
The preliminary calculations of EDB Centre for Integration
Studies show that economic effect of integration with the
customs union will be about 4%. Construction of the new nuclear
power plant, with support from the customs union, creating
of rail communication with Iran and re-opening of the one
with Georgia will help bring the GDP to much higher levels
and enhance Armenia's economic security.-0-- - See more at:
http://arka.am/en/news/economy/armenia_s_accession_to_customs_union_to_lead_to_30 _gas_price_reduction_edb/#sthash.7hVjIWRj.dpuf
From: A. Papazian
YEREVAN, September 5. /ARKA/. Armenia's accession to the customs union
and the joint economic area will bring the gas prices 30% down, will
attract major investments into the country and will help it out from
the transport deadlock, director of Centre for Integration Studies
at the Eurasian Development Bank Yevgeniy Vinokurov said.
Armenia's and Russia's presidents made a joint statement after their
negotiations Tuesday saying Armenia intends to enter the Customs Union
and participate later in formation of the Eurasian Economic Union.
According to Vinokurov, accession to the customs union and joint
economic area will help solve a number of problems, and particularlwill
provide access to a fairly spacious and protected market for products
with high value added.
If built the North-South corridor will help establish reliable
communication between the customs union countries and Iran and South
Asia, Vinokurov said.
He also said prices will go down for gas (from the current $270
to $180), for a number of sensitive goods and draft diamonds in
particular.
This implies also major targeted investments in Armenian economy
(energy, transport, industry), Vinokurov said.
The preliminary calculations of EDB Centre for Integration
Studies show that economic effect of integration with the
customs union will be about 4%. Construction of the new nuclear
power plant, with support from the customs union, creating
of rail communication with Iran and re-opening of the one
with Georgia will help bring the GDP to much higher levels
and enhance Armenia's economic security.-0-- - See more at:
http://arka.am/en/news/economy/armenia_s_accession_to_customs_union_to_lead_to_30 _gas_price_reduction_edb/#sthash.7hVjIWRj.dpuf
From: A. Papazian