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ARMENIA CAN SIGNIFICANTLY BENEFIT FROM EEU MEMBERSHIP: OFFICIALS
Global Post
Nov 5 2014
YEREVAN, Armenia, Nov. 5 (Xinhua) -- Armenia's membership in the
newly established four-nation Eurasian Economic Union (EEU) can lead
to a 1.2 percent annual growth in the Gross Domestic Product (GDP),
a senior official with Armenia's Ministry of Finances on Tuesday.
Speaking at a regular discussion of the state budget draft in Armenia's
National Assembly, Pavel Safaryan, deputy minister of finances,
also noted that in case of unfavorable economic situation in the
countries of the EEU, including Armenia, preliminary forecasts may
differ significantly from the final result.
Meanwhile, Vardan Ayvazyan, member of National Assembly and head of
the Parliamentary Committee on Economic Affairs, predicted a profit
of about 300 million U.S. dollars from customs revenue due to the
status of being an EEU member.
The membership implies preferential privileges for Armenia on a number
of imports and exports. The EEU also creates favorable conditions
for Armenia's economic development.
The EEU, also known as the Eurasian Union (EAU), is a political and
economic union established by a treaty signed by leaders of Belarus,
Kazakhstan and Russia in the Kazakh capital city of Astana on May
29, 2014.
A treaty to enlarge the EEU to include Armenia was signed on October 9,
2014. The EEU is expected to go into effect on January 1, 2015.
The main purposes of the EEU creation are formation of a single
market, creation of opportunities for free movement of goods, services,
investment and labor forces within the borders of the member countries
by 2025, as well as the introduction of a coordinated economic policy.
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141105/armenia-can-significantly-benefit-eeu-membership-officials
From: Baghdasarian
Global Post
Nov 5 2014
YEREVAN, Armenia, Nov. 5 (Xinhua) -- Armenia's membership in the
newly established four-nation Eurasian Economic Union (EEU) can lead
to a 1.2 percent annual growth in the Gross Domestic Product (GDP),
a senior official with Armenia's Ministry of Finances on Tuesday.
Speaking at a regular discussion of the state budget draft in Armenia's
National Assembly, Pavel Safaryan, deputy minister of finances,
also noted that in case of unfavorable economic situation in the
countries of the EEU, including Armenia, preliminary forecasts may
differ significantly from the final result.
Meanwhile, Vardan Ayvazyan, member of National Assembly and head of
the Parliamentary Committee on Economic Affairs, predicted a profit
of about 300 million U.S. dollars from customs revenue due to the
status of being an EEU member.
The membership implies preferential privileges for Armenia on a number
of imports and exports. The EEU also creates favorable conditions
for Armenia's economic development.
The EEU, also known as the Eurasian Union (EAU), is a political and
economic union established by a treaty signed by leaders of Belarus,
Kazakhstan and Russia in the Kazakh capital city of Astana on May
29, 2014.
A treaty to enlarge the EEU to include Armenia was signed on October 9,
2014. The EEU is expected to go into effect on January 1, 2015.
The main purposes of the EEU creation are formation of a single
market, creation of opportunities for free movement of goods, services,
investment and labor forces within the borders of the member countries
by 2025, as well as the introduction of a coordinated economic policy.
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141105/armenia-can-significantly-benefit-eeu-membership-officials
From: Baghdasarian