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EEC: Absence Of Common Border Between Armenia, CU Not Problem

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  • EEC: Absence Of Common Border Between Armenia, CU Not Problem

    EEC: ABSENCE OF COMMON BORDER BETWEEN ARMENIA, CU NOT PROBLEM

    September 25, 2013 - 17:10 AMT

    PanARMENIAN.Net - Absence of a common border between Armenia and the
    Customs Union won't hinder integration with the latter, Director of
    the Department of Integration at the Eurasian Economic Commission
    (EEC) said.

    As Viktor Spassky told a news conference in Moscow, there're enough
    examples in the world with countries affiliated with the same economic
    unions despite having no common borders.

    According to Spassky there's no exact date for Armenia's accession
    to the Customs Union, the decision being up to Yerevan.

    "It's hard to guess when Armenia will join the CU, with the speed of
    the process depending on Yerevan," he said.

    "There's a certain procedure to follow in joining the CU, which
    includes accepting the basis of the Union as well as the Common
    Economic Zone (CEZ) similar to Russia, Belarus and Kazakhstan."

    "In the CU framework, the country must join 78 normative documents
    as well as 17 CEZ describing documents," he said. "It's a serious
    process, with the ratification to be brought into compliance with
    the Armenian legislation."

    As he further noted, in mid 2014 the draft agreement for creation
    of the Eurasian Economic Union will be readied, to come into force
    starting January 1, 2015.

    "Should Armenia complete all internal procedures by then, it may join
    EEU as the 4th member state. Also, Armenia has an advantage of being
    familiarized with the normative basis in the capacity of the EurAsEc
    observer," he said.

    Armenia completed technical talks on a 'deep and comprehensive
    free-trade agreement' (DCFTA) with the EU in July and it was set
    to be signed at a summit with the EU in late November. In addition
    to a free-trade deal, Armenia has been working towards the signing
    of an association agreement with the EU, a framework agreement on
    co-operation that is seen as a first step towards political integration
    with the EU.

    However, during a Sept 3 meeting with Russian President Vladimir
    Putin, Armenian leader Sargsyan said Armenia is ready to join Customs
    Union, with further plans to be involved in formation of the Eurasian
    Economic Union.

    Mr. Putin supported the initiative, voicing readiness to assist Armenia
    in the process. He also noted that Russian Railways may invest 15
    billion rubles in development of Armenia's railway network.

    The Customs Union was formed in 2010 to include of Belarus, Kazakhstan,
    and Russia; Kyrgyzstan and Tajikistan later expressed willingness to
    join the Union.

    http://www.panarmenian.net/eng/news/170451/

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