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V. Kovalenko: Armenia's Decision To Join The CU Will Improve Russia'

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  • V. Kovalenko: Armenia's Decision To Join The CU Will Improve Russia'

    V. KOVALENKO: ARMENIA'S DECISION TO JOIN THE CU WILL IMPROVE RUSSIA'S POSITION IN THE SOUTH CAUCASUS

    Vestnik Kavkaza, Russia
    Sept 25 2013

    25 September 2013 - 6:16pm

    Ambassador Extraordinary and Plenipotentiary of the Russian
    Federation, director of the regional programs of the Caspian
    Cooperation Institute Vyacheslav Kovalenko told about Armenia's
    accession to the Customs Union . According to the expert, Armenia's
    accession to the Customs Union will be beneficial for all participating
    countries of the CU. September 3, in the course of the Moscow talks,
    the presidents of Armenia and Russia - Serzh Sargsyan and Vladimir
    Putin - comprehensively discussed the state and prospects of bilateral
    alliance partnership and issues of foreign policy cooperation . Heads
    of State reaffirmed the focus of Yerevan and Moscow on the further
    development of economic integration in Eurasia.

    According to the joint statement , President Sargsyan said the
    decision of the Republic of Armenia is to join the Customs Union and
    make the necessary practical steps , and subsequently, to participate
    in the formation of the Eurasian Economic Union . Russian President
    Vladimir Putin supported the decision of the Republic of Armenia,
    and the Russian side expressed readiness to cooperate fully in this
    process. The Customs Union within the Eurasian Economic Community
    is a form of trade and economic integration of Russia, Belarus and
    Kazakhstan, providing a single customs territory, within which the
    mutual trade shall not be subject to customs duties and restrictions
    of economic nature , with the exception of special protective,
    antidumping and countervailing measures . In addition, the member
    states of the Customs Union share a common customs tariff and other
    common measures regulating trade with third countries.

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