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  • Problems Of Armenia Joining The Customs Union

    PROBLEMS OF ARMENIA JOINING THE CUSTOMS UNION

    Vestnik Kavkaza, Russia
    Sept 13 2013

    13 September 2013 - 11:52am
    By Vestnik Kavkaza

    After the statement by President of Armenia Serge Sargsyan that his
    country intends to join the Customs Union, representatives of the
    Russian government and the Eurasian Economic Commission are conducting
    talks to define the parameters of the process. Russian Premier Dmitry
    Medvedev has recently stated that Yerevan joining the CU is complicated
    because Armenia has no common border with the countries of the union.

    The coordinator of the working group of the Center for the Study
    of Central Asia, the Caucasus and the Urals-Volga Region under the
    Oriental Sciences Institute of the RAS, Alexander Skakov, and the
    head of the Finance and Economics course of the Institute of Modern
    Development, Nikita Maslennikov, told Vestnik Kavkaza about their
    views on the prospects of Armenia joining the CU.

    Vestnik Kavkaza: How long will the process of association take place?

    Will the union withstand the Armenian economy, as Russia is discussing
    reduction of the budget today?

    Alexander Skakov: It is a serious question. I think Russia will
    withstand it, because Armenia is a very small country, the population
    is not big. Integration ties between Russia and Armenia are quite
    strong, it won't be a serious challenge for the Russian budget. As for
    how long it will take, the question is also interesting and difficult.

    The CU is not a developed organization, it is just trying to form
    itself. And there are serious problems. Today there are problems
    between Russia and Belarus. Such problems can occur further and there
    is no guarantee they would be overcome soon. So I think the point is
    not in Armenia, but in the development of the situation in the CU in
    general. Whether it can pass through these problems and turn into a
    real integration entity.

    Vestnik Kavkaza: What are chances of the CU becoming a serious
    organization?

    Alexander Skakov: I think it depends on the situation in Russia,
    first of all. If Russia's economy doesn't balance between recession
    and stagnation, the chances for the CU increase. If the situation in
    the Russian economy worsens, it will influence the CU's chances very
    negatively. The situations in the economies of Kazakhstan and Belarus
    are much less important. In Belarus the economic situation is tense,
    we know it well. In Kazakhstan it is better, but a lot depends on the
    raw character of Kazakhstan's economy, as this negatively influences
    its prospects. There are many questions and unclear places.

    Vestnik Kavkaza: How will Armenia joining the CU influence the union?

    Nikita Maslennikov: Of course, it will improve the CU, make its
    construction more stable. Armenia is not the only candidate, and
    after the decision made in the republic it is most probable that
    Tajikistan and Kyrgyzstan will do the same. Then we can assume that
    by 2015-2016 the union will include six states. This means a more
    receptive market, not only the trade market, but also the capital
    market and labour market. So, the construction of the Customs Union,
    and later the Eurasian Economic Space, becomes more and more stable
    and gets more chances for successful development.

    At the same time, there should be documents, accession rules, necessary
    procedures by mid-2014. It will mean real accession of Armenia to the
    CU. I think the step is positive both for the Union itself and the
    Republic of Armenia. We should take new deep steps in the sphere of
    integration. I think the presence of Armenia in the CU, with their
    economic potential, will speed up processes which are underdeveloped.

    http://vestnikkavkaza.net/articles/politics/45061.html



    From: Emil Lazarian | Ararat NewsPress
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