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Armenia Joining Eurasian Economic Union To Boost Its Economic Develo

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  • Armenia Joining Eurasian Economic Union To Boost Its Economic Develo

    ARMENIA JOINING EURASIAN ECONOMIC UNION TO BOOST ITS ECONOMIC DEVELOPMENT - SARGSYAN

    AKIpress News Agency (Kyrgyzstan)
    October 13, 2014 Monday

    Armenia has decided to join the Eurasian Economic Union to spur its
    economic development, Armenian President Serzh Sargsyan said on Sunday
    after talks with his Serbian counterpart Tomislav Nikolic.

    "As you know, I have just returned from Minsk, where Armenia signed a
    document on joining the Eurasian Economic Union," Sargsyan said. "We
    made this decision with an eye to give a fresh impetus to the progress
    of our economy. Free movement of goods, services, capital and labour
    force, accessibility of energy resources and common transport solutions
    in the Eurasian space will open up new possibilities to increase the
    competitive edge and efficiency of our economy."

    "But it is important that our partners know that we never contrapose
    Eurasian integration to our dialogue with the European Union,"
    he noted. "It /the dialogue/ will be continues, for we have many
    coinciding interests. We have common heritage, which is a basis
    for ongoing process of democratic reforms in our country," reports
    ITAR-TASS.

    "Bilateral relations with European countries take an important and
    specific place in these relations," Sargsyan stressed. "The visit by
    the Serbian president and active contacts at all levels are a proof
    to that."

    The Eurasian Economic Union Treaty was signed by presidents of Russia,
    Kazakhstan and Belarus on May 29, 2014. The document establishes the
    Eurasian Economic Union, which is to come in existence from January 1,
    2015. The treaty provides for free movement of commodity, services,
    capital and labour force within the union. It also envisages that the
    three countries coordinate or pursue common policy in certain economic
    sectors. The Eurasian Economic Union is seen as a tool to strengthen
    economies of its member states and to bring them closer together,
    moreover, such closer integration will add to their competitive edge
    on the global market. News Agency Ð~PÐ~ZÐ~Xpress - 2001-2014

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