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Armenia can figure on certain niche in Russia's import substitution

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  • Armenia can figure on certain niche in Russia's import substitution

    Armenia can figure on certain niche in Russia's import substitution - expert


    YEREVAN, January 29. /ARKA/. As Russia's ally and an EEU member,
    Armenia can count on certain percentage of Russia's import
    substitution that equals to some $200-320 billion, head of Integration
    and Development research NGO Aram Safaryan said.


    Safaryan pointed to a fight between two groups in Russia today, those
    who say gas and oil should be sold and all the required goods should
    be bought instead, and the statesmen's group headed by the president
    Vladimir Putin.

    The second group believes being one of the influence centers of the
    modern world Russia is able to have a self-sufficient economy, the
    expert said. If this group wins in long term, new industrial companies
    will be opening in various fields in the country, according to
    Safaryan.

    The expert said Armenia's aim should be to get involved in this
    market, develop its industry and create opportunities, in agriculture
    in particular, to contribute to the import substitution.

    If Armenia's political elites wish, the country may get involved in
    the defense industry as well, according to the expert.

    Safaryan reminded Armenia became a full-fledged member of the Eurasian
    Economic Union (EEU) on January 2, 2015, and has the same rights and
    obligations now as Russia, Belarus and Kazakhstan.

    Kyrgyzstan will become an EEU member on May 1, leading to a formation
    of a 175-177 million market with freely flowing capital, services,
    goods and labor, Safaryan said.

    The country may feel the outcome from the EEU membership after some
    time, and the first serious economic projections may expected only
    after July 1, he said.

    Yet, tangible results for the country's economy should be expected
    only in some 5-7 years, Safaryan said. In short term, the outcome from
    the membership may be seen as early as by the end of this year, he
    said. -0--

    http://arka.am/en/news/economy/armenia_can_figure_on_certain_niche_in_russia_s_im port_substitution_expert/#sthash.eiwez8PN.dpuf



    From: Emil Lazarian | Ararat NewsPress
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