Armenia and Customs Union countries intend to bring their goods’ quality into conformity with euro zone standards

Armenia and Customs Union countries intend to bring their goods’ quality into conformity with euro zone standards

YEREVAN, January 29. /ARKA/. Armenia and Customs Union countries will do whatever necessary to bring the quality of goods into conformity with Euro zone standards in the coming three or five years, Armenian Finance Minister David Sargsyan said Wednesday at a news conference. 

In early September, Armenian President Serzh Sargsyan and his Russian counterpart, Vladimir Putin, made a joint statement, according to which Armenia has decided to join the Customs Union and to take part in formation of the Eurasian Union in the future.  

“If Armenia signed a free trade agreement with the European Union, this would facilitate customs duties, but at the same time, would set requirements to quality,” Sargsyan said. 

It means, he said, that on one hand it would simplify access of European goods to Armenia, but on the other hand, it would hinder Armenian exports access to European markets because of their nonconformance with technical requirements.   

The minister said that three to five years are needed for bringing Armenian goods in tune with European standards, while the Customs Union sets no such requirements, since Soviet-era standards remain on the post-Soviet space.   

“We will be making efforts to change our goods’ qualities in conformity with European standards, and before it is done, Eurasian market will be open for Armenian exports,” he said. 
Speaking on duties and customs rates within the Customs Union, Sargsyan said that Armenia is now negotiating to have preferential tariffs for some goods. 

The minister also said that the ministry will carry out certain work this year to amend appropriate laws in connection of Armenia’s future membership in the Customs Union. -0---

19:46 29.01.2014

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