YEREVAN, February 10. /ARKA/. The Customs Union (CU) is more effective and more beneficial to Armenia than the free trade agreement with the EU, Armenia’s minister of economy Vahram Avanesyan said in his interview to R-Evolution on “Armenia” TV channel.
The minister said he believes Armenia should make foreign policy decisions that produce the most important results.
At the same time, Armenia is continuing its intense cooperation with the EU, the minister said.
Avanesyan noted accession to the Customs Union could not be discussed at the time of the negotiations with the EU as Russia made a clear statement Armenia’s membership was impossible for “no common border” reason.
Anyway, the minister said, the situation has changed, and economists should be able to revise their positions once the circumstances change. Armenia and the Eurasian Economic Commission concluded the country can be a CU-member even with no common border. Then the issue was which is of more advantage to Armenia – the Customs Union or the free trade agreement, Avanesyan said adding he has no doubt the Cu is the best today.
Following the negotiations of Armenian and Russian presidents on September 3 2013, a statement was made about Armenia’s intention to join the Russia-led Customs Union and be part of the Eurasian Economic Union. Before, Armenia was expected to initial the association agreement with the EU in Vilnius in November. –0—