YEREVAN, October 2. / ARKA /. Armenia's accession to the Customs Union, although it does not share a common border with any of its members will substantially reduce the transit costs of Armenian exporters, Prime Minister Tigran Sargsyan said on Wednesday during a Q&A session of parliament.
He said all member countries use the same type documents and once the goods with relevant documents are in the territory of the Customs Union there will be no need of customs clearance and goods will cross the border in a simplified manner without inspection . This will provide an opportunity to significantly reduce transit costs of exporters," he said.
On September 3 President Serzh Sargsyan pledged to make Armenia part of the trade bloc in a joint statement with his Russian counterpart Vladimir Putin following their talks in Moscow. Sargsyan also promised to “participate in the formation of the Eurasian Economic Union” of ex-Soviet states. .-0- -