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Armenia To Compensate WTO Partners For Eurasian Integration - Deputy

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  • Armenia To Compensate WTO Partners For Eurasian Integration - Deputy

    ARMENIA TO COMPENSATE WTO PARTNERS FOR EURASIAN INTEGRATION - DEPUTY PM

    ITAR-TASS, Russia
    June 23, 2014 Monday 03:05 PM GMT+4

    : SOCHI June 23

    - Armenia's accession to the Eurasian Economic Union (EEU) will entail
    talks on compensation for its World Trade Organization (WTO) partners,
    Russian First Deputy Prime Minister Igor Shuvalov told journalists
    in Sochi after an EEU meeting on Monday.

    "If Armenia successfully joins our format, signs the agreement and it
    is ratified", negotiations would start according to WTO procedures as
    "the situation will change for Armenia's trade partners", he said.

    Armenia's rates agreed when it joined the WTO in February 2003 were
    lower for certain products than unified customs rates in the Customs
    Union of Russia, Belarus and Kazakhstan.

    Monday's meeting decided to co-ordinate central issues of Armenian
    accession to the EEU by the end of the week and prepare an agreement
    for signing by July 1, Shuvalov added.

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