Shaboyan: membership in customs union to contribute to development of economic competition in Armenia

Shaboyan: membership in customs union to contribute to development of economic competition in Armenia

YEREVAN, December 25. /АРКА/. Armenia's membership in the Customs Union will contribute to development of economic competition and will lessen concentration at the country's markets, Artak Shaboyan, the head of the commission, said Wednesday at a news conference. 

«Our biggest trouble is a small market – domestic manufacturers can't sell their products at lower prices than prices for imported goods, since to have low prime cost output should be built up, and for that large markets are needed. The Customs Union will open new markets for Armenia,» he said. 

In early September, Armenian President Serzh Sargsyan and his Russian counterpart, Vladimir Putin, made a joint statement, according to which Armenia has decided to join the Customs Union and to take part in formation of the Eurasian Union in the future.  -0---

19:24 25.12.2013

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