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Eurasian Economic Union: Economist Says Membership Mostly Positive F

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  • Eurasian Economic Union: Economist Says Membership Mostly Positive F

    EURASIAN ECONOMIC UNION: ECONOMIST SAYS MEMBERSHIP MOSTLY POSITIVE FOR ARMENIA

    POLITICS | 13.10.14 | 15:52
    http://armenianow.com/news/politics/57570/eurasian_economic_union_armenia_membership

    GOHAR ABRAHAMYAN
    ArmeniaNow reporter

    Even though on October 10 Armenia signed the membership agreement to
    the Eurasian Economic Union (EEU) with Russia, Belarus and Kazakhstan,
    the profitability of this cooperation is still a topic of heated
    discussions in Armenia.

    Candidate of Economic Sciences Vilen Khachatryan thinks that EEU
    membership has positive prospects for Armenia in terms of cooperation.

    "In this region we gain real partners and it directs us towards
    partnership with Russia, Belarus and Kazakhstan. Certain risks
    connected with concrete investments will also decrease, because in
    that region we have quite a lot of investment. Besides, appearing in
    a competitive field, we will have to reconsider the importing policy,
    leaning not on import, but rather more on local production - thus,
    import exchange policy will develop," the economist told reporters
    Monday.

    Reflecting on the risks of EEU membership, Khachatryan said that
    Armenia might lose in the competitive war, which will be negative.

    "There also arise risks conditioned by Russia being the center,
    financial regulations being realized in Kazakhstan, and judicial issues
    being regulated in Belarus. From this point of view, in case of any
    difficulty we will have to go to those countries," Khachatryan said.

    Concerning Europe's reaction to Armenia's membership to EEU, according
    to the economist, it is natural that Europe will react negatively,
    however, it might not express its attitude so deeply, trying not to
    lose another partner.

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