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No obstacles to Armenia's accession to Customs Union - PM

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  • No obstacles to Armenia's accession to Customs Union - PM

    ITAR-TASS, Russia
    March 29, 2014 Saturday 11:47 PM GMT+4


    No obstacles to Armenia's accession to Customs Union - prime minister

    YEREVAN March 29

    - There are no obstacles to Armenia's accession to the Customs Union
    created by Belarus, Kazakhstan and Russia, Prime Minister Tigran
    Sargsyan said on Saturday, March 29.

    "There are no obstacles that could prevent Armenia from becoming a
    member of the Customs Union," he said, adding that "most of the work
    has been done, and we only have to complete the list of waivers for
    900 types of goods that are sensitive for Armenia".

    "We have grouped these goods, consulted the private sector and
    organised public discussions in order to decide which types of goods,
    raw materials and services are important and sensitive for us," the
    prime minister said.

    "The first most important factor to benefit our business is that
    economic entities will get unrestricted access to a large consumer
    market," he said. "The quality and degree of processing of our goods
    and services are such that our economy is geared to and aimed at this
    large market. The creation of new customs regimes will allow our
    business to sell these goods and services freely in this large and
    strong market."

    "This is a powerful stimulus for economic growth," he added.

    The second important factor is the simplification of customs
    procedures. "The elimination of technical hindrances ... means that
    goods and services made in the country will be able to be exported to
    the Customs Union member states without additional conditions,"
    Sargsyan said.

    Membership in the Customs Union will also help attract investments in
    Armenia, he said and cited the Russian oil company Rosneft's plans to
    invest 400 million U.S. dollars in the republic's economy.

    Yet another factor is accessibility of inexpensive resources, Sargsyan
    said. He recalled that "three agreements have been signed with Russia,
    which guarantee long-term and stable supplies of resources to
    companies".

    The prime minister believes that "integration processes will help
    improve the quality of life in the republic" and hopes that "the free
    movement of labour will reduce the risk of emigration [from Armenia]
    considerably".

    Armenian specialists will help draft the Customs Code of the Customs
    Union created by Belarus, Kazakhstan and Russia, the Armenian
    government said on March 13 after talks between Prime Minister Tigran
    Sargsyan and Eurasian Economic Commission Board member Vladimir
    Goshin.

    Sargsyan and Goshin discussed customs legislation and cooperation
    during Armenia's accession to the Customs Union. Goshin told Sargsyan
    about the work on the Customs Code to be put into effect next year.

    In September 2013, Armenian President Serzh Sargsyan "reaffirmed
    Armenia's wish to accede to the Customs Union and join in the process
    of forming the Eurasian Economic Union."

    Armenia may join the Customs Union in 2014, Viktor Khristenko,
    chairman of the Eurasian Economic Commission's Board, said. "I think
    the accession of Armenia will be legally formalised in 2014,"
    Khristenko said.

    Preliminary results of implementation by Armenia of the roadmap for
    accession to the Customs Union were reported to the presidents of the
    member states at a meeting of the Eurasian Economic Commission on
    March 5.

    "Over the two months that have passed since the December summit, and
    we can say that Armenia has made great headway in implementing the
    roadmap ahead of schedule. I feel optimistic about the possibility and
    ability of Armenia to implement the 260-point roadmap and the amount
    of work to be done before admission," Khristenko said.

    The Customs Union between Russia, Belarus, and Kazakhstan was
    established on December 19, 2009, in Almaty, Kazakhstan, where the
    leaders of the three states - Dmitry Medvedev, Alexander Lukashenko,
    and Nursultan Nazarbayev - signed the Joint Statement on its founding.
    The first phase of the Customs Union's functioning began on January 1,
    2010, with the introduction of a uniform customs tariff.

    The Customs Union's highest bodies are the Interstate Councils of the
    heads of states and governments of its members. Its joint permanent
    governing body is the Customs Union Commission.

    The Customs Union formation envisages creation of a common customs
    territory where no customs duties or economic restrictions will apply,
    save for special protective, anti-dumping and compensatory measures.
    Within the Customs Union, a uniform customs tariff and other uniform
    measures regulating the commodity trade with third nations will be
    applied.

    The Eurasian Economic Commission is a supranational body of the Common
    Economic Space created by Russia, Belarus and Kazakhstan. The Common
    Economic Space has been operating since the start of 2012. A
    supranational regulatory body - the Eurasian Economic Commission - has
    been created and has become operational. It will take over the
    function of further deepening of integration.

    Russia, Belarus and Kazakhstan signed the Agreement on the Eurasian
    Economic Commission on November 18, 2011. The Commission started
    working on January 1, 2012.

    The Commission coordinates integration processes within the Customs
    Union and the Unified Economic Space.

    The Commission has a Council made up of deputy prime ministers, which
    will carry out overall supervision of integration processes, and a
    Board, a working body to which all member states will delegate their
    representatives.



    From: Emil Lazarian | Ararat NewsPress
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