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EEU MEMBERSHIP RIGHT DIRECTION FOR ARMENIA'S ECONOMY, EXPERT CLAIMS
YEREVAN, February 2. /ARKA/. Armenia's accession to the EEU is a step
in the right direction for economic development, head of Armenia's
Union of Local Manufacturers Vazgen Safaryan told reporters on
Saturday.
Currently 23% of Armenia's foreign trade is with Russia, and the
opportunity of free movement of goods, services and labor will help
increase sales in Russia, according to Safaryan.
The expert stressed the importance of Armenia's industrial integration,
through joint efforts with Russia that also needs to restructure
its industry.
The second aspect, according to Safaryan, is agriculture, as Armenia
has the chance to increase its fruit sales in Russia that restricted
agricultural imports from Europe.
He said Armenia's ministry of agriculture is planning to export about
100,000 tons of agricultural products to Russia this year, as compared
to about 60,000 tons per year in 2013 and 2014. If taken, this niche
may help Armenia develop its agriculture, according to the expert.
Armenia became a full-fledged member of Russia-led Eurasian Economic
Union (EEU) on January 2, 2015. -0--
http://arka.am/en/news/economy/eeu_membership_right_direction_for_armenia_s_econo my_expert_claims/#sthash.zy0SGTuf.dpuf
YEREVAN, February 2. /ARKA/. Armenia's accession to the EEU is a step
in the right direction for economic development, head of Armenia's
Union of Local Manufacturers Vazgen Safaryan told reporters on
Saturday.
Currently 23% of Armenia's foreign trade is with Russia, and the
opportunity of free movement of goods, services and labor will help
increase sales in Russia, according to Safaryan.
The expert stressed the importance of Armenia's industrial integration,
through joint efforts with Russia that also needs to restructure
its industry.
The second aspect, according to Safaryan, is agriculture, as Armenia
has the chance to increase its fruit sales in Russia that restricted
agricultural imports from Europe.
He said Armenia's ministry of agriculture is planning to export about
100,000 tons of agricultural products to Russia this year, as compared
to about 60,000 tons per year in 2013 and 2014. If taken, this niche
may help Armenia develop its agriculture, according to the expert.
Armenia became a full-fledged member of Russia-led Eurasian Economic
Union (EEU) on January 2, 2015. -0--
http://arka.am/en/news/economy/eeu_membership_right_direction_for_armenia_s_econo my_expert_claims/#sthash.zy0SGTuf.dpuf