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WHY WILL ARMENIA BE ACCEPTED INTO THE EURASIAN ECONOMIC UNION?
Vestnik Kavkaza, Russia
June 5 2014
5 June 2014 - 10:26am
Businesses will have an opportunity to "vote with their feet"
Tatyana Valovaya, Integration and Macroeconomics Minister of the
Eurasian Economic Union, explains the reasons why Armenia is the
main candidate for accession to the EaEU at the moment. According to
her, Kyrgyzstan has a long way to go before joining the integration
community.
"Thinking about an opportunity for extension of the Eurasian
Economic Union, we always analyzed the experience of the European
Union in detail. We believe that preservation of the balance between
intensification of integration and extension of its geographical
borders is the main condition for successfully establishing the EaEU.
That's why, before stepping beyond the trio, we had to improve our
economic cooperation and sign the agreement on the union. Now we have
made the step toward development of integration, and we can really
speak about a certain extension. Considering the experience of the
EU, we have no goal to extend for extension, dealing with aggressive
marketing, attracting new members or trying to increase the number
of participants in our union for making it seem a big one. We have an
absolutely different goal. We should provide an extension that would
be qualitative and favorable both for the initial members of the union
and the states which decide to join us. Considering the criteria, we
treat such decisions very carefully. The main candidate is Armenia. We
hope that, according to decisions made by our presidents, all necessary
procedures will be completed by July 1st regarding Armenia's accession
to the Eurasian Economic Union."
Tatyana Valovaya explained why priority is placed on Armenia: "Why
is it Armenia? Despite the fact that Armenia falls behind the EaEU,
due to its small size, Armenia has a similar quality of economy,
market infrastructure, and institutional reforms to the countries
of the Customs Union and the united economic space. Sometimes it
surpasses them. According to the Doing Business Rating, Armenia
takes a higher place than any of the members of the trio. And this is
important for us. As we have declared that the principle of our union
is competition of national jurisdictions, and we want our national
jurisdictions to develop, barriers to decrease; the motivation could
be an opportunity to "vote with their feet" for businesses, shifting
from a more unfriendly jurisdiction to a more favorable one. That's
why joining the state with favorable market infrastructure and
institutional reforms is very important."
Moreover, the minister emphasized that the accession of Armenia to the
Customs Union is necessary, as the Armenian economy and the economy
of the Union's countries supplement each other: "We can see that the
Armenian economy and the economy of the Union supplement each other.
Armenia is a state which traditionally develops the sphere of
agriculture; today it is being improved and producing ecologically
clean produce that is in demand. At the same time, the region
is developing modern technologies, information technologies and
communications. We can see the mutual supplement of our economies."
Tatyana Valovaya also thinks that Armenia's accession to the EaEU
will be beneficial for attracting investments: "We are sure that the
accession of Armenia will increase the investment attraction of the
country; it will be a field for attraction of investments from the
states of the Customs Union and other foreign countries. We believe it
will be a benefit for all the states of the CU and the united economic
space, which will establish the EaEU in January. By the way, we can
see that turning a state into a field for investments in experience
of the CU and the united economic space, as for example such a branch
as machinery engineering was established in Kazakhstan from scratch."
Valovaya spoke about further development of the CU: "The next
candidate for accession is Kyrgyzstan. We have started negotiations
with Kyrgyzstan a bit earlier, but the volume of problems which have
to be solved is huge."
According to the minister, there are certain risks connected with
the accession of Kyrgyzstan to the CU: "Kyrgyzstan, unlike Armenia,
has a common border with the CU and the united economic space. And it
is important for us to prevent o the territory of the CU. It means
investment of huge resources into improving the foreign borders of
the CU, i.e. Kyrgyzstan's foreign border. We have to conduct a lot of
arrangements for development of market and institutional infrastructure
in Armenia hytosanitary control. The road map includes a
issues in detail, and we have to solve them," she explained.
y to "vote with their feet"
By Vestnik Kavkaza
Tatyana Valovaya, Integration and Macroeconomics Minister of the
Eurasian Economic Union, explains the reasons why Armenia is the
main candidate for accession to the EaEU at the moment. According to
her, Kyrgyzstan has a long way to go before joining the integration
community.
"Thinking about an opportunity for extension of the Eurasian
Economic Union, we always analyzed the experience of the European
Union in detail. We believe that preservation of the balance between
intensification of integration and extension of its geographical
borders is the main condition for successfully establishing the EaEU.
That's why, before stepping beyond the trio, we had to improve our
economic cooperation and sign the agreement on the union. Now we have
made the step toward development of integration, and we can really
speak about a certain extension. Considering the experience of the
EU, we have no goal to extend for extension, dealing with aggressive
marketing, attracting new members or trying to increase the number
of participants in our union for making it seem a big one. We have an
absolutely different goal. We should provide an extension that would
be qualitative and favorable both for the initial members of the union
and the states which decide to join us. Considering the criteria, we
treat such decisions very carefully. The main candidate is Armenia. We
hope that, according to decisions made by our presidents, all necessary
procedures will be completed by July 1st regarding Armenia's accession
to the Eurasian Economic Union."
Tatyana Valovaya explained why priority is placed on Armenia: "Why
is it Armenia? Despite the fact that Armenia falls behind the EaEU,
due to its small size, Armenia has a similar quality of economy,
market infrastructure, and institutional reforms to the countries
of the Customs Union and the united economic space. Sometimes it
surpasses them. According to the Doing Business Rating, Armenia
takes a higher place than any of the members of the trio. And this is
important for us. As we have declared that the principle of our union
is competition of national jurisdictions, and we want our national
jurisdictions to develop, barriers to decrease; the motivation could
be an opportunity to "vote with their feet" for businesses, shifting
from a more unfriendly jurisdiction to a more favorable one. That's
why joining the state with favorable market infrastructure and
institutional reforms is very important."
Moreover, the minister emphasized that the accession of Armenia to the
Customs Union is necessary, as the Armenian economy and the economy
of the Union's countries supplement each other: "We can see that the
Armenian economy and the economy of the Union supplement each other.
Armenia is a state which traditionally develops the sphere of
agriculture; today it is being improved and producing ecologically
clean produce that is in demand. At the same time, the region
is developing modern technologies, information technologies and
communications. We can see the mutual supplement of our economies."
Tatyana Valovaya also thinks that Armenia's accession to the EaEU
will be beneficial for attracting investments: "We are sure that the
accession of Armenia will increase the investment attraction of the
country; it will be a field for attraction of investments from the
states of the Customs Union and other foreign countries. We believe it
will be a benefit for all the states of the CU and the united economic
space, which will establish the EaEU in January. By the way, we can
see that turning a state into a field for investments in experience
of the CU and the united economic space, as for example such a branch
as machinery engineering was established in Kazakhstan from scratch."
Valovaya spoke about further development of the CU: "The next
candidate for accession is Kyrgyzstan. We have started negotiations
with Kyrgyzstan a bit earlier, but the volume of problems which have
to be solved is huge."
According to the minister, there are certain risks connected with the
accession of Kyrgyzstan to the CU: "Kyrgyzstan, unlike Armenia, has
a common border with the CU and the united economic space. And it is
important for us to prevent penetration of goods from third countries
to the territory of the CU. It means investment of huge resources into
improving the foreign borders of the CU, i.e. Kyrgyzstan's foreign
border. We have to conduct a lot of arrangements for development of
market and institutional infrastructure in Armenia in the sphere of
customs administration, technical regulation, phytosanitary control.
The road map includes a description of the issues in detail, and we
have to solve them," she explained.
http://vestnikkavkaza.net/articles/economy/56079.html
From: A. Papazian
Vestnik Kavkaza, Russia
June 5 2014
5 June 2014 - 10:26am
Businesses will have an opportunity to "vote with their feet"
Tatyana Valovaya, Integration and Macroeconomics Minister of the
Eurasian Economic Union, explains the reasons why Armenia is the
main candidate for accession to the EaEU at the moment. According to
her, Kyrgyzstan has a long way to go before joining the integration
community.
"Thinking about an opportunity for extension of the Eurasian
Economic Union, we always analyzed the experience of the European
Union in detail. We believe that preservation of the balance between
intensification of integration and extension of its geographical
borders is the main condition for successfully establishing the EaEU.
That's why, before stepping beyond the trio, we had to improve our
economic cooperation and sign the agreement on the union. Now we have
made the step toward development of integration, and we can really
speak about a certain extension. Considering the experience of the
EU, we have no goal to extend for extension, dealing with aggressive
marketing, attracting new members or trying to increase the number
of participants in our union for making it seem a big one. We have an
absolutely different goal. We should provide an extension that would
be qualitative and favorable both for the initial members of the union
and the states which decide to join us. Considering the criteria, we
treat such decisions very carefully. The main candidate is Armenia. We
hope that, according to decisions made by our presidents, all necessary
procedures will be completed by July 1st regarding Armenia's accession
to the Eurasian Economic Union."
Tatyana Valovaya explained why priority is placed on Armenia: "Why
is it Armenia? Despite the fact that Armenia falls behind the EaEU,
due to its small size, Armenia has a similar quality of economy,
market infrastructure, and institutional reforms to the countries
of the Customs Union and the united economic space. Sometimes it
surpasses them. According to the Doing Business Rating, Armenia
takes a higher place than any of the members of the trio. And this is
important for us. As we have declared that the principle of our union
is competition of national jurisdictions, and we want our national
jurisdictions to develop, barriers to decrease; the motivation could
be an opportunity to "vote with their feet" for businesses, shifting
from a more unfriendly jurisdiction to a more favorable one. That's
why joining the state with favorable market infrastructure and
institutional reforms is very important."
Moreover, the minister emphasized that the accession of Armenia to the
Customs Union is necessary, as the Armenian economy and the economy
of the Union's countries supplement each other: "We can see that the
Armenian economy and the economy of the Union supplement each other.
Armenia is a state which traditionally develops the sphere of
agriculture; today it is being improved and producing ecologically
clean produce that is in demand. At the same time, the region
is developing modern technologies, information technologies and
communications. We can see the mutual supplement of our economies."
Tatyana Valovaya also thinks that Armenia's accession to the EaEU
will be beneficial for attracting investments: "We are sure that the
accession of Armenia will increase the investment attraction of the
country; it will be a field for attraction of investments from the
states of the Customs Union and other foreign countries. We believe it
will be a benefit for all the states of the CU and the united economic
space, which will establish the EaEU in January. By the way, we can
see that turning a state into a field for investments in experience
of the CU and the united economic space, as for example such a branch
as machinery engineering was established in Kazakhstan from scratch."
Valovaya spoke about further development of the CU: "The next
candidate for accession is Kyrgyzstan. We have started negotiations
with Kyrgyzstan a bit earlier, but the volume of problems which have
to be solved is huge."
According to the minister, there are certain risks connected with
the accession of Kyrgyzstan to the CU: "Kyrgyzstan, unlike Armenia,
has a common border with the CU and the united economic space. And it
is important for us to prevent o the territory of the CU. It means
investment of huge resources into improving the foreign borders of
the CU, i.e. Kyrgyzstan's foreign border. We have to conduct a lot of
arrangements for development of market and institutional infrastructure
in Armenia hytosanitary control. The road map includes a
issues in detail, and we have to solve them," she explained.
y to "vote with their feet"
By Vestnik Kavkaza
Tatyana Valovaya, Integration and Macroeconomics Minister of the
Eurasian Economic Union, explains the reasons why Armenia is the
main candidate for accession to the EaEU at the moment. According to
her, Kyrgyzstan has a long way to go before joining the integration
community.
"Thinking about an opportunity for extension of the Eurasian
Economic Union, we always analyzed the experience of the European
Union in detail. We believe that preservation of the balance between
intensification of integration and extension of its geographical
borders is the main condition for successfully establishing the EaEU.
That's why, before stepping beyond the trio, we had to improve our
economic cooperation and sign the agreement on the union. Now we have
made the step toward development of integration, and we can really
speak about a certain extension. Considering the experience of the
EU, we have no goal to extend for extension, dealing with aggressive
marketing, attracting new members or trying to increase the number
of participants in our union for making it seem a big one. We have an
absolutely different goal. We should provide an extension that would
be qualitative and favorable both for the initial members of the union
and the states which decide to join us. Considering the criteria, we
treat such decisions very carefully. The main candidate is Armenia. We
hope that, according to decisions made by our presidents, all necessary
procedures will be completed by July 1st regarding Armenia's accession
to the Eurasian Economic Union."
Tatyana Valovaya explained why priority is placed on Armenia: "Why
is it Armenia? Despite the fact that Armenia falls behind the EaEU,
due to its small size, Armenia has a similar quality of economy,
market infrastructure, and institutional reforms to the countries
of the Customs Union and the united economic space. Sometimes it
surpasses them. According to the Doing Business Rating, Armenia
takes a higher place than any of the members of the trio. And this is
important for us. As we have declared that the principle of our union
is competition of national jurisdictions, and we want our national
jurisdictions to develop, barriers to decrease; the motivation could
be an opportunity to "vote with their feet" for businesses, shifting
from a more unfriendly jurisdiction to a more favorable one. That's
why joining the state with favorable market infrastructure and
institutional reforms is very important."
Moreover, the minister emphasized that the accession of Armenia to the
Customs Union is necessary, as the Armenian economy and the economy
of the Union's countries supplement each other: "We can see that the
Armenian economy and the economy of the Union supplement each other.
Armenia is a state which traditionally develops the sphere of
agriculture; today it is being improved and producing ecologically
clean produce that is in demand. At the same time, the region
is developing modern technologies, information technologies and
communications. We can see the mutual supplement of our economies."
Tatyana Valovaya also thinks that Armenia's accession to the EaEU
will be beneficial for attracting investments: "We are sure that the
accession of Armenia will increase the investment attraction of the
country; it will be a field for attraction of investments from the
states of the Customs Union and other foreign countries. We believe it
will be a benefit for all the states of the CU and the united economic
space, which will establish the EaEU in January. By the way, we can
see that turning a state into a field for investments in experience
of the CU and the united economic space, as for example such a branch
as machinery engineering was established in Kazakhstan from scratch."
Valovaya spoke about further development of the CU: "The next
candidate for accession is Kyrgyzstan. We have started negotiations
with Kyrgyzstan a bit earlier, but the volume of problems which have
to be solved is huge."
According to the minister, there are certain risks connected with the
accession of Kyrgyzstan to the CU: "Kyrgyzstan, unlike Armenia, has
a common border with the CU and the united economic space. And it is
important for us to prevent penetration of goods from third countries
to the territory of the CU. It means investment of huge resources into
improving the foreign borders of the CU, i.e. Kyrgyzstan's foreign
border. We have to conduct a lot of arrangements for development of
market and institutional infrastructure in Armenia in the sphere of
customs administration, technical regulation, phytosanitary control.
The road map includes a description of the issues in detail, and we
have to solve them," she explained.
http://vestnikkavkaza.net/articles/economy/56079.html
From: A. Papazian