Armenia’s membership in customs union can secure additional 1.5%-2% GDP growth for Karabakh – expert says

Armenia’s membership in customs union can secure additional 1.5%-2% GDP growth for   Karabakh – expert says

YEREVAN, February 17. / ARKA /. Armenia's membership in the Customs Union can secure an additional 1.5%-2% GDP growth for  the Nagorno-Karabakh Republic in  the next two years , Ashot Tavadyan, a professor at the Armenian State University of Economics, said today.

"Karabakh is in the same space as Armenia, and I think that Armenia’s formal membership in the Russia-led trade bloc will be reflected in Nagorno-Karabakh as well,” he said in an interview with ARKA .

He said Armenia's membership in the Customs Union will cut the barriers for exports of agricultural products and other commodities produced in Nagorno-Karabakh.

According to him, improved transport conditions in Armenia will have their positive impact on Karabakh as well because the North-South transport corridor passes near its borders.

On February 3 the Armenian government made public a “roadmap” to Armenia’s accession to the Customs Union. The 249-page document posted on the government’s website lists 262 administrative and legislative actions concerning 20 areas of government policy. -0-

17:37 17.02.2014

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