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EEU MEMBERSHIP TO ENABLE ARMENIA INTEGRATING IN RUSSIAN INDUSTRY
YEREVAN, November 21. /ARKA/. Accession to the Eurasian Economic Union
(EEU) will give Armenia a chance to integrate in the Russian industrial
environment, head of Armenia's Union of Local Manufacturers Vazgen
Safaryan said on the air on Sputnik-Armenia radio channel on Thursday,
as cited by Novosti-Armenia.
The EU sanctions against Russia made the Russian president turn to
local producers. In this respect, while joining the EEU, Armenia can
directly integrate in the Russian market, Safaryan said.
In particular, according to him, opportunities open up for integrating
in the Russian high-tech. Today Armenian scientists have certain
research and development projects that do not materialize because of
lack of finance, he said.
Safaryan also noted there are certain agreements with the Russian union
of machine-builders that set up a mechanical engineering coordination
council within the EEU, and Armenia is trying to promote its proposals
in the council and arrange joint production.
According to the expert, quite favorable conditions are there for
Armenia as many Russian economists say today the country should turn
to a new and deeper science and technology industrial policy.
Industry accounts for about 17% of Armenia's GDP; services are 41%
and agriculture 19%, and there is great potential for expansion,
Safaryan said.
"We have already gained: the fact that Armenia is receiving gas
at reduced tariffs and enjoys certain preferences in oil product
supplies, is already an achievement. As to further developments,
we get an access to a 170-million market, first of all in terms of
agricultural sales", Safaryan said.
On October 10 Armenia signed the EEU treaty that comes into effect
on January 1, 2015. -0--
http://arka.am/en/news/economy/eeu_membership_to_enable_armenia_integrating_in_ru ssian_industry/#sthash.1W67hGsV.dpuf
YEREVAN, November 21. /ARKA/. Accession to the Eurasian Economic Union
(EEU) will give Armenia a chance to integrate in the Russian industrial
environment, head of Armenia's Union of Local Manufacturers Vazgen
Safaryan said on the air on Sputnik-Armenia radio channel on Thursday,
as cited by Novosti-Armenia.
The EU sanctions against Russia made the Russian president turn to
local producers. In this respect, while joining the EEU, Armenia can
directly integrate in the Russian market, Safaryan said.
In particular, according to him, opportunities open up for integrating
in the Russian high-tech. Today Armenian scientists have certain
research and development projects that do not materialize because of
lack of finance, he said.
Safaryan also noted there are certain agreements with the Russian union
of machine-builders that set up a mechanical engineering coordination
council within the EEU, and Armenia is trying to promote its proposals
in the council and arrange joint production.
According to the expert, quite favorable conditions are there for
Armenia as many Russian economists say today the country should turn
to a new and deeper science and technology industrial policy.
Industry accounts for about 17% of Armenia's GDP; services are 41%
and agriculture 19%, and there is great potential for expansion,
Safaryan said.
"We have already gained: the fact that Armenia is receiving gas
at reduced tariffs and enjoys certain preferences in oil product
supplies, is already an achievement. As to further developments,
we get an access to a 170-million market, first of all in terms of
agricultural sales", Safaryan said.
On October 10 Armenia signed the EEU treaty that comes into effect
on January 1, 2015. -0--
http://arka.am/en/news/economy/eeu_membership_to_enable_armenia_integrating_in_ru ssian_industry/#sthash.1W67hGsV.dpuf