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When Will Agreement With Eurasian Economic Union Be Signed?

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  • When Will Agreement With Eurasian Economic Union Be Signed?

    WHEN WILL AGREEMENT WITH EURASIAN ECONOMIC UNION BE SIGNED?

    Roza Hovhannisyan, Reporter
    Country - 14 August 2014, 23:51

    After it is signed by the Russian prime minister, the agreement on
    membership of Armenia to the Eurasian Economic Union must be ratified
    by Kazakhstan and Belarus according to their national procedures,
    said the minister of economy of Armenia Karen Chshmarityan during
    a press briefing on August 14. He said after approval by Kazakhstan
    and Belarus Armenia will ratify it. "I don't think it will happen in
    one or two days, it will follow an agreement," the minister said.

    At the same time, he said the Armenian side does not know when
    Kazakhstan and Belarus will ratify it. In answer to the question
    whether it is possible that the Russian market will prefer Turkish
    agricultural products to Armenian ones, Karen Chshmarityan said,
    "I think you should ask that question to the Russian Federation." He
    said growth of sales of Armenian produce in Russia is forecast hence
    exports must be boosted. "A lot of work is done in this direction. The
    prime minister has called a meeting and instructed the ministries of
    agriculture, economy to expand the list of products on the Russian
    market and boost exports. Of embargoed 57 items Armenia exports 37
    worldwide and 31 to Russia. Exports amount to up to 84.5 billion
    dollars of which 67 million to Russia," Chshmarityan said.

    In answer to the question whether the consequences of sanctions
    on the Armenian economy have been estimated, the minister said,
    "It takes time. When replacement imports are considered, it favors
    our economic entities. As to transit of goods via Armenia, there is
    no such a restriction."

    - See more at:
    http://www.lragir.am/index/eng/0/country/view/32838#sthash.fAPBSuA9.dpuf

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