YEREVAN, October 24. /ARKA/. Armenia’s membership in the Customs Union will lead to reduction in turnover with the EU countries, Germany’s ambassador to Armenia Reiner Morell said Thursday at a conference on responsible finance in Armenia.
He said the EU-member countries will accept Armenia’s decision as a sovereign one, not clarifying though what consequences it may have.
“We regret Armenia is moving towards membership in the customs union not for increasing trade volumes. Apart from that, the country will have no opportunity to take the advantage of tariffs and preferences that the EU can provide”, the ambassador said.
Morel stressed the importance of carrying through the cooperation planned, despite the fact many provisions will have to be revised. At the same time, according to the ambassador, the document will not be materialized at the Eastern Partnership summit in Vilnius.
According to Morel, of six Eastern partnership countries only Moldova, Ukraine and Georgia will sing the agreement.
Armenia said it intends to cooperate with the Customs Union and, at the same time, keep its contacts with other partners, and the EU will continue the cooperation if potential fields are pointed to, Morel said.
The diplomat also stressed the need for reviewing compatibility of interests and understanding the legal basis of relations.
The EU is willing to continue cooperation with Armenia, especially when Armenia have already started implementing reforms, Morel said.
According to ArmStat, Armenia’s foreign trade turnover with the EU countries amounted to a total of $1,059.18 million in January-August 2013, an increase of 1.6% compared to the same period of the year before. –0--