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Armenia's accession to Eurasian Economic Union prompted by strategic

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  • Armenia's accession to Eurasian Economic Union prompted by strategic

    Armenia's accession to Eurasian Economic Union prompted by strategic
    interests - FM

    FAMAGUSTA GAZETTE
    * Sunday, 21 September, 2014
    http://famagusta-gazette.com/armenias-accession-to-eurasian-economic-union-prompted-by-strategic-intere-p25631-69.htm

    Armenia's decision to join the Customs Union of Belarus, Kazakhstan
    and Russia and the Eurasian Economic Union (EaEU) has been prompted by
    its economic and strategic interests, Foreign Minister Edward
    Nalbandian said on Saturday.

    He said Armenia would sign the accession agreement soon and would also
    continue to put forth initiatives aimed at strengthening the
    Collective Security Treaty Organisation as an important element of its
    own security.

    Nalbandian believes that membership in the Eurasian Economic Union
    will serve the national interests of his country.

    "Armenia's membership in the EaEU is prompted by the need for economic
    development and by the strategic interests of our country. Our
    membership in this organisation cannot be called into question," the
    minister said.

    "Armenia will seek to complete the process of accession to the EaEU by
    assuming its full share of responsibility for the decisions to be made
    by this organisation," he said. "This will allow Armenia to increase
    its competitive advantages in major export markets and boost export."

    Nalbandian also believes that membership in the EaEU will allow
    Armenia to step up economic ties with other member states and
    encourage foreign direct investment in the national economy.

    Russia pledged to assist Armenia in joining the Eurasian Economic
    Union to be created from January 1, 2015.

    On September 3, 2013, after talks with Russian President Vladimir
    Putin, Armenian President Serzh Sargsyan announced that the "Republic
    of Armenia will join the Customs Union and will take practical steps
    to this end and will subsequently participate in forming the Eurasian
    Economic Union".

    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 Eurasian Economic Union will become effective from January 2015.
    Common markets of oil, petroleum products and gas of the three
    countries will start operating no later than 2025, and a common
    electricity market slightly earlier.

    The EaEU should guarantee "four freedoms": free movement of goods,
    services, capital and labour among the member states.-
    -- ITAR-TASS

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