Minister: Armenia’s accession to Eurasian Economic Union to have favorable impacts on its agriculture and exports

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Economy

17.10.2014, 18:27

Armenia’s accession to the Eurasian Economic Union will have favorable impacts on the country’s agriculture and its exports, Armenian Agriculture Minister Sergo Karapetyan told journalists on Friday.

Minister: Armenia’s accession to Eurasian Economic Union to have favorable impacts on its agriculture and exports

YEREVAN, October 17. /ARKA/. Armenia’s accession to the Eurasian Economic Union will have favorable impacts on the country’s agriculture and its exports, Armenian Agriculture Minister Sergo Karapetyan told journalists on Friday.

“Our output is not large now, but we are developing a 2014-2017 strategy to build up it, and exports will grow as a result,” he said.

The minister quoted Russian Prime Minister Dmitry Medvedev as saying that all kinds of agricultural products, especially dairy products, are highly demanded in Russia.

Karapetyan said that the increased output will open new opportunities for Armenian products at Russia’s market.

On October 10, the Supreme Eurasian Economic Council gave its approval to Armenia’s accession to the Eurasian Economic Union as the union member countries’ leaders gathered in Minsk. As a result, the accession agreement was signed. It means Armenia, along with Russia, Belarus and Kazakhstan, will become a full member of the union that will start functioning on January 10, 2015. --0----

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