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EEU Membership To Provide Powerful Stimulus To Economic Development

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  • EEU Membership To Provide Powerful Stimulus To Economic Development

    EEU MEMBERSHIP TO PROVIDE POWERFUL STIMULUS TO ECONOMIC DEVELOPMENT IN ARMENIA - RUSSIAN AMBASSADOR

    YEREVAN, February 10. /ARKA/. EEU membership will provide a powerful
    stimulus to Armenia's economic growth, Russian ambassador to Armenia
    Ivan Volinkin said in his interview to Russia 24 TV channel on Monday.

    No customs borders will ease access to a huge market for the Armenian
    goods, he said. Increased production will, in turn, help create new
    jobs, reduce prices, improve competitiveness and increase commodities
    turnover, he added.

    Volinkin said food imports of EEU-member states total $43 billion
    today, and Armenia's chances of taking a substantial niche in this
    market are high.

    According to the ambassador, some positive changes can be seen already
    today. In particular, Armenia's rural exports to Russia have grown
    considerably, he said.

    The Russian ambassador referred to the Armenian parliament's evaluation
    of EEU membership prospects and the benefits from accession to
    170-millioin market of the union.

    The only financial obligation will be the annual fee of $1.5-2 million,
    according to Volinkin. But instead, a lot will be saved due to zero
    export duty and low energy prices, he said.

    The ambassador also reminded of the strategic allied partnership and
    the trust-based dialogue.

    Volinkin said they highly appreciate also the cooperation on the
    international scene where the two countries have mainly similar
    positions.

    Passenger traffic between the countries keeps growing, and every day
    twelve flights are carried out from Zvartnots airport to Moscow only,
    Volinkin said. -0--

    http://arka.am/en/news/politics/eeu_membership_to_provide_powerful_stimulus_to_eco nomic_development_in_armenia_russian_ambassador/#sthash.LoIVAi13.dpuf

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