Armenia’s membership in Eurasian economic union without special conditions economically unreasonable - expert

Armenia’s membership in Eurasian economic union without special conditions economically unreasonable - expert

YEREVAN, July 11. /ARKA/. Economic reasonability of Armenia’s membership in the Eurasian Economic Union without providing special conditions to it contradicts formal logic, Sergey Minasyan, chief of Caucasus Institute’s political analysis division, said Friday in Novosti International Press Center during a Yerevan-Moscow televised bridge called Eurasian Choice – Armenia – 2014. 

On one hand, the process of accession to the Eurasian Economic Union is being dragged out, he said, but on the other hand, many economic, financial and customs problems are not solved and it is not clear whether they will be solved.  

“Otherwise, economic reasonability of Armenia’s membership is called into question, since it will not necessarily have favorable impacts on economic and social things in the country, if Armenia joins the union on common conditions,” the expert said.  

More than that, he said, Armenia may become an economic and financial burden on other member countries. 

“Armenia has neither geographical nor communicative borders with the Customs Union’s core, and the link is Georgia, but Georgia has already joined the European economic zone,” Minasyan said.   

On May 29, at a session of Eurasian Economic Council in Astana, Kazakhstan, the Armenian president expressed Yerevan’s intention to join the Eurasian Economic Union agreement until June 15. However, appropriate papers have not been signed so far. 

On July 1, Russian President Vladimir Putin, speaking at a meeting of Russian diplomats, said Armenian will become a full member of the union very soon.  

In resent days, media outlets quoted Kazakh Foreign Minister Yerlan Idrisov as saying that the agreement between Armenia and Eurasian Economic Union is likely to be signed in October 2014 at a regular meeting of Eurasian Economic Union countries’ presidents in Minsk. --0---- 

19:29 11.07.2014

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