Giragosian: oligarchic system of economy in Armenia jeopardizes national security
13.06.2013,
18:52
The oligarchic system of economy in Armenia poses a threat to the country’s national security, Richard Giragosian, a political analyst and the head of the Regional Studies Center, said Thursday at a discussion of the Armenia-EU Association Agreement.
YEREVAN, June 13. /ARKA/. The oligarchic system of economy in Armenia poses a threat to the country’s national security, Richard Giragosian, a political analyst and the head of the Regional Studies Center, said Thursday at a discussion of the Armenia-EU Association Agreement.
He said tycoons in economy break up the foundations of the state, weaken the flow of taxes to the government budget and undermine the economy.
Giragosian said that the Agreement, if signed, would liberalize the Armenian economy.
The EU has been negotiating the EU-Armenia Association Agreement with Armenia since July 2010 in the framework of the Eastern Partnership and the European Neighborhood Policy. The future Deep and Comprehensive Free Trade Area will be part of this Agreement, which aims at closely associating this country to the EU both in economic and political terms, in line with the Eastern Partnership objectives. The future trade relations will therefore expand significantly beyond the scope of current cooperation, set out in the Partnership and Cooperation Agreements, in force since July 1999.
The EU-Armenia Association Agreement is planned to be signed on November 28 or 29 in Vilnius at an Eastern Partnership summit. -0-
