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Armenian exports drop by 8.6% in first quarter to $542.9 million
Armenia’s exports in the first quarter of 2019 slashed by 8.6% or $51.36 ... ... said exports of Armenian products to the Eurasian Economic Union (EEU) member countries declined by 6% to $142.1 million. More precisely,... ... materials dropped by 18.3% to $142.7 million, exports of textile goods fell by 16.5% to $42.1 million, exports of plant products ... ... by 3.1% to $1.085.8 billion. As a result, Armenia’s foreign trade turnover fell by 5% from the year before to about $1.628....
05/06/2019Kyrgyzstan and Armenian post largest growth in exports among EEU member states in 2022 January
... said. The volume of supplies to the EEU domestic market of metals and metal products in January 2022 exceeded the level of January 2021 by 38.6% amounting to more than $700 million. In January 2022 the volume of the Eurasian Economic Union's foreign trade amounted to $76.3 billion, which is 62.6% more than in January 2021. Exports of goods to countries outside EEU increased by 76.5% in January 2022 compared to January 2021 and amounted to $50.8 billion. Exports from Kazakhstan soared by 94.1%, from Russia – by 76.8%, from Armenia – by 59.5% and from Belarus – by 41.5%. The main buyers of goods exported ...
03/22/2022Armenia's retail trade in 2019 amounted to about 1.6 trillion. drams or $3.3 billion, 7.9% more than in 2018
Armenia's retail trade turnover in 2019 amounted to about 1.6 trillion. drams or $3.3 billion, which ... ... according to a report on the main socio-economic indicators of the Eurasian Economic Union (EEU). YEREVAN, February 20. /ARKA/. Armenia's retail trade turnover in 2019 amounted... ... the first 11 months f 2019 amounted to $5.04 billion, including $1.7 billion worth exports and $3.3 billion imports. Compared with January-November 2018, exports grew...
02/20/2020Trade in agricultural products among EEU members increased by 63% in 2017 to $8.2 billion
The trade in agricultural products among the member countries of the Eurasian Economic Union (EEU) increased by 63% in 2017 when compared to 2010, when the Customs Union was established, amounting to $8.2 billion, according ... ... According to the Eurasian Economic Commission, the export of food products to third countries doubled during the same period. Exports of agricultural goods and foodstuffs among the EEU members countries grew by $3.6 billion from the previous year to $20.6 billion. Buben noted ...
02/22/2018Armenia saved $60 million due to membership in EEU
... prices for energy resources Armenia receives form Russia and deepening economic integration within the Eurasian Economic Union (EEU) Armenia managed to save $60 million last year on exports to EEU member countries, Ashot Tavadyan, the head of the Department of Economic and Mathematical Methods at the State ... ... develop relations with the European Union and third countries, in particular, with Iran and China. I believe that our foreign trade policy is on the right track now and the figures prove it," he said. He recalled that in 2017 Armenia's exports exceeded ...
02/26/2018EEU member countries to join efforts to boost their exports
The heads of government of the Eurasian Economic Union's (EEU) member countries agreed today in Yerevan, which is hosting a meeting of EEU intergovernmental council, to join efforts to boost their exports in line with a decision On Joint Measures for Export Development, approved by the gathering. YEREVAN, October 9. /ARKA/.... ... Eurasian reinsurance pool for reinsurance of part of the risks. This is supposed to increase the volume of insurance support for trade within the EEU, facilitate the development of export lending and the implementation of projects within the framework of ...
10/09/2020Iranian market will open for main part of Armenian exports: minister
... recalled that in 2019-2023, the EEU trade with Iran increased from $2.4bn to $5.2bn, but exports from Armenia to that country did not grow significantly. ‘Thus, in the first... ... only 7%, i.e. about $90-100 million,’ Papoyan said. Imports from Iran dominate the trade structure of the two countries - totalling $710 million in 2022 and $692 million... ... customs duties envisaged by the agreement will open significant opportunities for the goods of the EEU countries. At the proposal of the Armenian side, the agreement also includes goods...
10/25/2024EEU member countries’ foreign trade in 11 months of 2021 grows by 34.3 percent
The foreign trade of the Eurasian Economic Union (EEU) member countries’ in January-November 2021 totaled $752bn, with exports growing to $465.9bn and imports to $286.1bn. YEREVAN, January 21. /ARKA/. The foreign trade of the Eurasian Economic ... ... the executive arm of the EEU reported today. In said in January-November 2021, compared to January-November 2020, exports of goods to countries outside the EEU from Belarus increased by 50.3%, from Russia - by 45.4%, from Kazakhstan - 23% and from Armenia ...
01/21/2022Armenia's exports to EEU almost tripled in first half of 2023 - EEC
Armenia almost tripled its exports to the Eurasian Economic Union (EEU) member countries in the first half of 2023, Iya Malkina, the official representative of the Eurasian Economic Commission,... ... Kazakhstan's exports grew by 37%, while exports from Kyrgyzstan practically remained at the level of last year. "Mutual trade in goods shows positive growth dynamics. In the first half of the year, the mutual trade between the EEU member states increased ...
09/13/2023Armenian exports to EEU member countries upped 2.8 times in 2022 to $1.6 bln
Armenia's exports to the Eurasian Economic Union (EEU) member countries grew by 2.8 times in 2022 to $1.6 billion, the Eurasian Development Bank said. YEREVAN, February 21.... ... increased from 29.3% to 46.8%, while in Kyrgyzstan - from 28.8% to 65.8%. According to the bank analysts' estimates, the mutual trade of the EEU reached its maximum value of $80.6bln in 2022 (10.3% growth YoY). -0-
02/21/2023Armenia's trade with EEU down 2 percent in 11 months of 2021
Armenia's trade with the countries, which comprise the Eurasian Economic Union (EEU) in the first 11 months of 2020 had decreased by only 2% from a year before falling to $2.03 billion, Armenian Foreign Minister ... ... to some estimates, EEU's overall economy will decline this year by another 3.9%. “Undoubtedly, the EEU market in terms of exports has great advantages and importance for Armenia. The joint efforts of the EEU to take the goods of the Union to foreign markets will help member countries to enter foreign markets and contribute to the formation of chains ...
02/23/2021Armenia’s trade with EEU members grows by almost 13% in 9 months of 2021- Pashinyan
Armenia’s trade turnover with the countries, which are members of the Eurasian Economic Union (EEU), grew by 12.8% in January-September 2021 compared to the same period in 2020, Prime Minister Nikol Pashinyan said when speaking ... ... the EEU countries in January-September 2021 increased by 12.8% compared to the same period in 2020.. The volumes of Armenian exports to the EEU countries in the first 9 months of this year increased by 27.8%," he said. Pashinyan stated that growth ...
11/19/2021EEU market is irreplaceable for Armenian economy – economists
The Eurasian Economic Union (EEU) is the most reliable trade and economic partner for Armenia, political analyst and a member of the Eurasian Experts Club Aram Safaryan told a press ... ... role in terms of Armenia's economic growth. "In 2020, we exported 25% of our products to the EEU, and now 30% of all our exports go to Russia," he said. He said also that there is a serious gap in Armenia's trade balance. "Last year the ...
08/26/2022Pashinyan says Armenia’s political and economic agendas are determined by its integration with EEU
... said the country’s economic and political agendas are determined by its ongoing integration in the Eurasian Economic Union (EEU). YEREVAN, October 22. /ARKA/. Addressing the participants of the 3rd Eurasian Week that kicked off today in Yerevan, Armenia’s ... ... attracting investments and building partnerships.,” said Pashinyan. He said Armenia shows stable economic growth rates of trade and cooperation with EEU member countries with exports increasing by 31.3% in the first 7 months of the year to $352 million as opposed to the same time span of 2017. He also ...
10/22/2018Armenia’s exports to EEU member countries surged 25.2% in 2021- Pashinyan
... than its exports to third countries. The best growth rates in 2021 were provided by exports of fresh and processed agricultural products, alcoholic and non-alcoholic beverages, textile products, footwear and some other goods. According to Pashinyan, imports from the EEU countries to Armenia also increased in 2021 by 18.5%. "It will not be an exaggeration... ... challenges. According to Armenia’s National Statistical Committee, the country’s foreign trade turnover in 2021 with the EEU countries amounted to almost $2.74 billion, recording...
02/25/2022Positive dynamics of Armenian exports to EEU in 2019 was ensured by stronger corporate interaction within the bloc
... maintained the pace of its integration development within the Eurasian Economic Union (EEU). YEREVAN, July 13. /ARKA/. Armenia has maintained the pace of its integration... ... ratings accordingly. EEU countries have intensified their role in the country’s foreign trade and strengthened their financial ties with it. In 2019, the share of food products... ... countries, as did the share of mineral products in imports. The stable positive dynamics of exports to the EEU was ensured primarily by stronger corporate interaction with these...
07/13/2020EEU and Iran to have talks on free trade zone in September, 2021
Members of the Russia-led Eurasian Economic Union (EEU) and Iran will hold the first full round of negotiations on concluding a free trade zone agreement in September 2021, a representative of the Eurasian Economic Commission (EEC), the executive arm of the ... ... According to official data, trade between the EEU and Iran increased in 2020 by 18.5% compared to 2019, reaching $2.9 billion. Exports of the EEU countries to Iran in the first quarter of 2021 increased by 43.5% compared to the same period last year, and ...
07/22/2021Iran, EEU sign free trade agreement
A free trade agreement was signed between Iran and the Eurasian Economic Union (EEU) in Tehran on Thursday, Iranian news agency IRNA reported. YEREVAN, January 20, /ARKA/. A free trade agreement was signed ... ... sides over the past three years. He added that zero tariffs for 90% of commodities will also lead to a breakthrough in both exports and imports. Slepnev said that Iran is a close ally of Russia and other EEU member countries. Despite all the restrictions ...
01/20/2023EEU and Iran to start negotiations on free trade agreement
... Minister, co-chairman of the Permanent Russian-Iranian Intergovernmental Commission on Trade and Economic Cooperation Reza Ardakanian discussed today the prospects for the... ... on the sidelines of an economic forum in Russian Saint Petersburg. Myasnikovich said EEU member countries were completing the formation of a specific mandate for launching... ... Iran surged by 18.5% compared to 2019, reaching $2.9 billion. EEU member countries' exports to Iran in the first quarter of 2021 increased by 43.5% compared to the same...
06/03/2021Armenia’s trade with EEU member countries increased by 11.3% in 2018 to $1.989 4 billion
Armenia’s trade with the countries, which are members of the Eurasian Economic Union (EEU (Russia, Belarus, Kazakhstan and Kyrgyzstan) increased by 11.3% in 2018 to $1.989 4 billion, according to the National Statistical ... ....3% in 2018 to $1.989 4 billion, according to the National Statistical Committee (NSC). According to statistics, Armenia’s exports to these countries grew by 20.7% to $688.9 million, while imports upped by 6.9% to $1.300.5 billion. More precisely, Armenia’s ...
02/05/2019Eurasian economic union’s (EEU) foreign trade in first half surged by 27.8%
... executive body of EEU said. YEREVAN, August 22. /ARKA/. The Russia-led Eurasian Economic Union’s (EEU) foreign trade in the first half of 2017 surged by 27.8% (by $65 billion) year-on-year, the Eurasian Economic Commission, the executive body of EEU said. Exports of goods increased by 29.6% ($41.6 billion), while imports grew by 24.9% ($ 21.9 billion). The positive foreign trade balance in goods increased from $52.1 billion in January-June 2016 to $71.8 billion in January-June 2017. The trade turnover with third countries in the first half of 2017 reached $292.2 billion, including $182 billion worth exports and $110.2 billion ...
08/22/2017EDB: Armenia's integrated development within EEU strengthened in 2018
... report titled Main Tendencies in Armenia’s Integration Development in 2018 prepared by the Centre for Integration Studies at the Eurasian Development bank's (EDB) Directorate for Research. It says in 2018, the favourable trends in Armenia’s mutual trade with the Eurasian Economic Union (EEU) member states, compared to that with other countries, constrained an increase in the nation’s total foreign trade deficit. The growth rate of Armenia’s exports to the EEU was the highest among the Union’s countries. The significant increase in exports to the EEU was predominantly associated with strengthened corporate cooperation (primarily with Russia), which widened Armenian exporters’ access ...
08/07/2019EEU- member states’ trade in 2022 expected to grow by 12% to over $80 million- EDB
Trade volume among EEU member states in 2022 is expected to grow by 12% year-on-year to $80-83 billion, the Eurasian Development Bank (EDB) said.... ... "Changes in production and logistics chains have created new opportunities for some EEU economies. For example, Armenia's exports to Belarus and Russia grew by 2.8 and 2.5 times respectively in the first 10 months of 2022, while Kyrgyzstan's exports ...
12/26/2022Minister praises Armenia’s two-year membership in Eurasian Economic Union
... Yerevan convened to mark Armenia’s two years in the Russia-led Eurasian Economic Union (EEU) Armenian minister of economic development and infrastructure Suren Karayan said... ... said the membership has had a positive impact on the Armenian economy. He said the trade between Armenia and other member countries is increasing year by year. For example... ... of processed products from Armenia to Russia increased by 51. 3% in 2016, while the exports to other EEU member countries increased many-fold. According to the minister...
07/06/2017Minister praises Armenia’s two-year membership in EEU
... Yerevan convened to mark Armenia’s two years in the Russia-led Eurasian Economic Union (EEU) Armenian minister of economic development and infrastructure Suren Karayan said... ... said the membership has had a positive impact on the Armenian economy. He said the trade between Armenia and other member countries is increasing year by year. For example... ... of processed products from Armenia to Russia increased by 51. 3% in 2016, while the exports to other EEU member countries increased many-fold. According to the minister...
07/06/2017Armenia expects its trade turnover with EEU member states to restore this year
Armenia expects its trade turnover with several former Soviet republics making the Eurasian Economic Union (EEU) to restore this year after seeing a drop last year, First Deputy Minister of Economy Garegin Melkonyan told the parliament ... ... Russian ruble, which in turn affected Armenia’s trade performance, but after the Russian financial market stabilized Armenian exports to that country began growing," said Melkonyan. According to him, if this trend keeps on the situation will improve ...
06/17/2016Pashinyan: free trade agreement between EEU and Iran will be an important direction for development of cooperation
Conclusion of a free trade agreement between the Eurasian Economic Union (EEU) and Iran will become a strong impulse for development of strategic relations, Armenian ... ... package of arrangements providing for preferential access of the EEU member states' exports to Iran. Such conditions of access to the Iranian market for our exporters can... ... part of the Free Trade Zone agreement, Iran and EEU approved zero tariffs on 90% of goods. The Free Trade Zone agreement will enter into force by the end of September 2023...
06/09/2023EEU members to benefit from trade agreement signed with Iran, Armenian minister says
... sanctions re-imposed on Tehran last year could hamper greater trade between Iran and the EEU member states. But he also said: “The sanctions are temporary, while the agreement... ... decrease from 55% to 14%. At the same time, customs duties will not change for such goods as lamb, fish and honey. The minister said oil products are not included in this list. According to official statistics, Armenia’s trade with Iran surged by over 40 percent last year to about $364 million. Armenian exports to Iran accounted for only one-quarter of the bilateral trade. -0-
03/05/2019Value of Armenia's foreign trade in 2029 was 10.4% higher than in 2018, EDB says
The value of Armenia's foreign trade in 2019 amounted to $8.2 billion, an increase of 10.4% compared ... ... According to the Eurasian Economic Commission (ECE), Armenia's exports amounted to $2.6 billion (an increase of 9.4%), and imports ... ... precious metals and food products. Although the cost of exported goods decreased in 2019, the growth was achieved due to an increase ... ... deficit was formed primarily outside the Eurasian Economic Union (EEU). At the end of 2019, the negative balance of foreign trade ...
07/13/2020Eurasian Economic Union's member states account for about 31.7% of Armenia's foreign trade
The Eurasian Economic Union's (EEU) member states accounted last year for about 31.7% of Armenia's foreign trade, according to a Eurasian Development Bank (EDB) study. YEREVAN, April 1. /ARKA/. The Eurasian Economic Union's (EEU) member ... ... decreased by 13.2% in 2020 because of the negative impact of the Covid- 19 coronavirus pandemic. Imports slashed by 17.7% and exports - by 3.9%. “As a result, the foreign trade deficit fell from $4.2 billion in 2019 to $2 billion in 2020. According to ...
04/01/2021Armenia benefits most from EEU membership - Russian Deputy Prime Minister
... growth shows that it benefits most from its membership in the Eurasian Economic Union (EEU), Russian Deputy Prime Minister Alexei Overchuk said today. YEREVAN, 15... ... Russian Deputy Prime Minister Alexei Overchuk said today. ‘The growth of Armenia's trade and economy in recent years - all this shows that Armenia is the main beneficiary... ... same period in 2023. According to the Armenian National Statistical Service, Armenian exports to the EEU stood at more than $3.12bn (a 10.2% drop), while imports totalled...
01/15/2025EEU membership to boost foreign investments and economic development in Armenia - president
Armenia’s membership in the Eurasian Economic Union (EEU) will ensure growth of foreign investments and economic development in the country,... ... since in gained independence. Bearing in mind the structure, the geography of the exports and economic ties with the EEU member states, the EEU membership opens up wide... ... accession to the EEU) that is in the interest of our citizens, especially when the free trade agreement with the EU did not provide favorable economic conditions like the EEU...
03/19/2015Armenia's exports to EEU countries increased 10 times since creation of organization
Armenia's exports to Russia, Kazakhstan, Kyrgyzstan and Belarus , which all make the Eurasian Economic Union (EEU), have increased about 10 times since the creation of the organization, said Ashot Tavadyan, head of the Center for Economic ... ... surged to 46.8%," Tavadyan said at a last week discussion on Eurasian integration. He recalled that Russia is Armenia's main trade partner, and the share of Armenian exports to Russia is the most diversified with the bulk being finished goods. Tavadyan said exports substantially increased to all EEU member countries. For instance, exports to the Russian Federation ...
04/03/2023Russia supports extension of free trade agreement between EEU and Iran — Putin
Russia supports the extension of the temporary free trade agreement between the Eurasian Economic Union (EEU) and Iran, President Vladimir Putin said on Friday when speaking at a meeting of the Supreme Eurasian Economic Council, Tass ... ... between the EEU and Iran, the Russian leader said. The trade turnover surged by 73.5% to $5 bln as of the end of 2021 and EEU exports increased by 2.1 times to $3.4 bln, he added. "To keep the current preferential regime of trade with Iran, we support ...
05/27/2022Armenia’s exports to EEU nearly double since joining the bloc
Armenian exports to Russia and other members of the Eurasian Economic Union (EEU) have increased 1.7 times since its accession to the Russia-led trade bloc, according to Tatyana Valovaya, a minister of the Eurasian Economic Commission (EEC), the executive body of the EEU, said today. YEREVAN, September 30. /ARKA/. Armenian exports to Russia and other members of the Eurasian Economic Union ...
09/30/2016Russia lifts ban on sugar exports to EEU member countries
On August 31, 2022, Russia lifted the ban on exports of sugar to several former Soviet republics, which are members of the Russia-led Eurasian Economic Union (EEU). YEREVAN, September 1. /ARKA/. On August 31, 2022, Russia lifted the ban on exports of sugar to several former Soviet ... ... terms of creating a real free market within the EEU." "I think there should be no restrictions on the movement of goods and services within the EEU at all, and various exceptions to this rule undermine this principle, which could damage trade relations with the EEU countries," he said. According to the General Director of the Institute of Agricultural Market ...
09/01/2022Russia bans exports of grain crops, including to Armenia
A Russian parliament sub-committee on customs approved a ban March 10 on exports of grain crops from Russia to the Eurasian Economic Union (EEU) member countries, as well as on exports of sugar and raw sugar outside the EEU, the Russian daily "Kommersant" ... ..., rye, barley and corn. An exception is provided for deliveries under export licenses issued by the Ministry of Industry and Trade. The ban on the export of sugar will apply to exports to third countries, deliveries to the EEU will be possible on the ...
03/11/2022Armenia may suffer $26 million losses a year from preferential trade agreement between EEU and China- report
A preferential trade agreement between the Eurasian Economic Union (EEU) and China may have a negative impact on Armenia's GDP, according to a report, released by the Russian Council on Foreign ... ... in view of the breakdown of Russia's trade ties, one of the steps to ensure economic growth is the reorientation of Russian exports to new markets. However, the report adds that it is necessary to take into account how the change in trade flows will ...
06/01/2023Armenia’s trade with EEU member countries is on the rise, Pashinyan says
Armenian Prime Minister Nikol Pashinyan told a Yerevan meeting of the Intergovernmental Council of the Eurasian Economic Union (EEU) that Armenia’s trade with other EEU member countries is on the rise. YEREVAN, April 30. /ARKA/. Armenian Prime Minister Nikol Pashinyan ... ... Economic Union (EEU) that Armenia’s trade with other EEU member countries is on the rise. He said the share of Armenia’s exports to EEU countries in 2018 grew to 28.5%, growing by 20%, and the trade with EEU member countries grew by more than 11%....
04/30/2019Armenian parliament ratifies agreement on free trade zone between EEU and Vietnam
... parliament has ratified today an agreement on creation of free trade zone between Vietnam and the Eurasian Economic Union, comprising ... ... into force 60 days after it is ratified by all members of the EEU and Vietnam. Armenia’s First Deputy Minister of Economy Garegin ... ... under the agreement customs duties on about 90% of the traded goods will be nullified within the next 10 years, which is expected ... ... trade in 2015 amounted approximately to $15 million, with Armenian exports estimated to be ‘a couple of thousand USD.’ Armenia ...
06/17/2016Armenia may serve as bridge between France and Eurasian economic union members, expert
Armenia may serve as a bridge between France and members of the Eurasian Economic Union (EEU), a Russian economist Mikhail Delyagin, who is head of the Russian Institute of ... ... to reach European markets, which would also have resulted in a reduction in Armenian exports. According to another Russian economist, Alexander Knobel, Armenia could become... ... benefited from joining the EU because otherwise it may lose part of the benefits of free trade that were granted to it by the EU. He said the more actively Armenia will be integrating...
03/23/2015Trade between Armenia and Eurasian Economic Union –member countries increased by 34.5% since 2015
The trade turnover between Armenia and the Eurasian Economic Union –member countries has increased by 34.5% since 2015, Armenian ... ... same countries before 2015, and we can fix that the volume of trade has increased by 34.5% since 2015. By the way, Armenian exports to EEU member countries increased 2.1 times in the same period. In 2018 alone, exports from Armenia to EEU countries grew by 20.7%,...
06/10/2019Armenian exporters need to diversify their foreign trade markets - Kerobyan
... Armenian exporters prefer to sell their goods to Russia with minimal production costs. Exporting to the EU requires producing goods that meet European standards, Kerobyan said. According to reports from the Upper Lars checkpoint on the Georgian-Russian ... ... Russia to punish Armenia for its leaning towards the West. According to the National Statistical Committee, Armenia's foreign trade with the EEU member countries exceeded $5 billion in the first 9 months of 2023, up 47.5% compared to January-September last year. Exports amounted to $2.8 billion with an 87% growth, while imports amounted to $2.3 billion (13.9% growth). Armenia's trade turnover ...
11/29/2023Armenia's trade turnover with EEU countries in January-October exceeded $11bn. - Ministry of Economy
Armenia's trade with Eurasian Economic Union’s (EEU) member states exceeded the threshold of $11 billion in the first 10 months of 2024, against $3.4 billion for the whole of ... ... 2023, Armenian Deputy Economy Minister Narek Hovakimyan said on Monday. ‘This is quite a good result, the bulk of Armenian exports are wines, brandy, agricultural, as well as industrial and technological products,’ Hovakimyan noted during a discussion ...
12/16/2024Armenia finalises its part of work on draft free trade agreement between UAE and EEU – minister
Armenia has completed its part of work on a draft free trade agreement between the United Arab Emirates (UAE) and the Eurasian Economic Union (EEU) , Economy Minister Gevorg Papoyan said at a meeting of the parliamentary committee on regional and Eurasian integration ... ... Committee, the trade turnover between the two countries in January-August 2024 exceeded $4.35bn, increasing 6.8 times year-on-year. Exports for 8 months reached $4.31bn with a 7.3-fold increase, while imports totalled $304.9m, down 23%.-0-
10/25/2024Mutual trade among EEU members recovering at fast pace
Еhe trade among members of the Eurasian Economic Union (EEU) is recovering at a fast pace. In January-November 2021, the volume of mutual trade amounted to $65.5 billion, which is 32.... ... same period in 2020 and 17.8% higher than in January--November 2019, the Eurasian Economic Commission reported. The growth of exports in mutual trade was recorded in all states of the EEU: in Kazakhstan - by 35.3%, in Russia - by 35.2%, in Kyrgyzstan - ...
01/21/2022EEU membership gives huge advantage to Armenia and is the reason for current economic leap - Overchuk
Membership in the Eurasian Economic Union (EEU), namely absence of customs, barrier-free environment, free movement of capital ... ... economic forum in Russian T. Petersburg. Asked whether Russia remains an important trade partner for Armenia or whether its Prime Minister Nikol Pashinyan is looking to... ... official figures, Armenia's trade with EEU in 2022 surged by almost 93% to $5.2 billion. Exports amounted to $2.5bln, which was 2.8 times higher than in the previous year, and...
06/19/2023Key mission of EEU is to help member states to strengthen their economic capacities, Armenian economist says
The key mission of the Eurasian Economic Union (EEU) is to help its current member states –Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan which is to join the trade bloc later this year – to strengthen their economic capacities, professor Ashot ... ... to improve the economic stability. "In small developed countries the ratio of exports to GDP is usually above 30%. Because of small markets, exports become a decisive... ... "Regarding Armenia, it has a good potential to boost production and export of agricultural goods and wines which are in great demand in other EEU member states as well as products...
02/27/2015Exports of Armenian fruits and vegetables to EEU soar by 90 percent
As of August 12 exports of fresh Armenian fruits and vegetables to Russia and other countries of the Eurasian Economic Union (EEU) have surged by 90% from the year before, deputy minister of agriculture Armen Harutyunyan said today without specifying. ... ... said today without specifying. According to him, the growth was mainly driven by exports to Russia, Armenia’s traditional trade partner. Harutyunyan said also that negotiations were underway with the Kazakh side to simplify logistics-related procedures ...
08/12/2016Armenia’s foreign trade in six months slashes by 20.6% to $2.186 billion
Armenia’s foreign trade in the first six months of 2015 slashed by 20.6% year-on-year to about $2.186 ... ... the preliminary data on mutual trade between members of the Eurasian Economic Union (EEU) saying the data were used to revise Armenia’s trade with EEU member states and... ... these figures, Armenia’s foreign trade fell by 29.8%. However, according to NSS data, exports in January-June 2015 fell by 1.3% to approximately $694.4 million, while imports...
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