Armenia’s membership in customs union stems from its national interests – prime minister

Armenia’s membership in customs union stems from its national interests – prime minister

YEREVAN, December 27. / ARKA /. A deeper look into all the factors suggests that Armenia’s decision to join the Customs Union of Russia, Kazakhstan and Belarus stems from the interests of the country, the economy and the citizens, Prime Minister Tigran Sargsyan said during a televised interview today.

He said the membership allows Armenia to enter a very large market where Armenian goods and services are competitive.

 “This means opening up new perspectives for Armenian companies that can  enhance their capacity,’ he said adding that this will build also a confidence for Armenian business people that there will be no obstacles for them to win this market.

In response to a question why Armenia did not join the Customs Union three years ago, when the Customs Union was just beginning to emerge, he said there was an understanding on both sides that the absence of a common border with a Customs Union member country was a serious obstacle for Armenia’s membership.  

According to him,  three years of cooperation with Russia made it clear  that effective economic partnership  between Armenia and Russia was impossible outside the trade bloc. 

“It was getting clear that as the Customs Union was becoming stronger the development of Armenian-Russian economic cooperation was becoming more difficult,’ he said.

He said in 2013 the negative impact of increased prices of electricity and natural gas on Armenian economy became apparent. He said it was an urgent problem that was to be discussed with Armenia’s  partners. 

‘Thank God, we could found common ground in talks with our partners about how they could assist us in solving that problem ," he stressed.

Sargsyan said that Armenia's joining the Customs Union creates the basis for sustained economic growth. -0-

16:04 27.12.2013

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