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Processing vs. raw materials: Economist explains benefits of EAEU market for Armenia
... increasing its exports to the EU over the past decade. In fact, we’re seeing a gradual decline in exports to both the EU and Switzerland," he added. Regarding the EAEU market, the expert said the situation is quite different, explaining that a free trade zone has been in place since 2012, and Armenia has benefited from it since 2014. As a result, Armenia's economy has grown by an additional 1.5 percentage points annually. "This is a significant result it's estimated that about 20% of Armenia’s ...
04/14/2025Armenia's withdrawal from EEU at the stage of negotiations on joining the EU will cost 30-40% of its GDP – Shoigu
... on goods imported from Russia and other EEU countries and, accordingly, cancel duties on goods from EU countries. "Naturally, the customs union and free trade with the EEU countries will be out of the question. It will also have to leave the CIS free trade zone," he added. Armenia's trade turnover with the EEU countries amounted to 12.7 billion US dollars in 2024, while with the EU countries to 2.3 billion USD. "The difference is almost 6 times," Shoigu said. In addition, Shoigu ...
03/20/2025Negotiations on agreement on EAEU free trade zone with UAE completed
Negotiations on an agreement on creation of a free trade zone between the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE) have been completed, Trade Minister of the Eurasian Economic Commission Andrey Slepnev said at an international forum held within the framework of the Russian ...
02/14/2025ADB explores special economic zone in Gyumri
... previously stated in an exclusive interview with ‘’ARKA’’ news agency, discussions are underway to help Gyumri benefit as much as possible from the potential opening of borders. "We are exploring ways to support the construction of a ‘’Free Trade Zone’’ and the implementation of the ‘’Dry Port’’ concept. This is crucial because Gyumri has significant geographical advantages – the city can connect Armenia with both Turkey and Georgia and is located in an area some have ...
11/15/2024Landlocked Armenia must make the best use of human resources - ADB head in Armenia (exclusive)
... education, but also to bring in their goods and sell them. The second direction we are discussing is to assist Gyumri so that the city can benefit as much as possible from the likely opening of the borders. We are exploring helping the construction of a Free Trade Zone and the realisation of a Dry Port. This is very important because Gyumri has important geographical advantages - the city can link Armenia with both Turkey and Georgia and is positioned along what some call the ‘Middle Corridor’. In ...
08/01/2024EEU and Iran sign full-fledged free trade agreement
... Mikhail Myasnikovich, Russian Deputy Prime Minister Alexei Overchuk, Iranian Minister of Industry, Mines and Trade Abbas Ali-Abadi and representatives of Armenia, Belarus, Kazakhstan and Kyrgyzstan. The provisional agreement on the establishment of a free trade zone between the EEU and Iran was concluded on May 17, 2018 and was valid from October 27, 2019. --0--
12/25/2023Armenia can become a bridge between Iran, India and EEU countries - Armenian Deputy Foreign Minister
... bridge between Iran, India and the EEU member states (which comprises also Russia, Belarus, Kazakhstan and Kyrgyzstan), Armenian Deputy Foreign Minister Mnatsakan Safaryan said today, speaking at the Crossroads of Peace conference. "Since Iran has a free trade zone agreement with the EEU and India is in the process of negotiating a similar agreement , Armenia as a member of the EEU can become a bridge between Iran, India and the EEU states," he said. Safaryan stressed Armenian government’s ...
12/05/2023Pashinyan: free trade agreement between EEU and Iran will be an important direction for development of cooperation
... with the support of the EEU member states, especially that the Iranian side, in its turn, demonstrates the same attitude. On January 19 h , 2022, the Islamic Republic of Iran and the Eurasian Economic Union (EEU) signed an agreement to establish a free trade zone following the meeting of the delegations of the two sides. Iran’s Deputy Minister of Industry, Mine and Trade and Head of the Trade Promotion Organisation (TPO) of the Islamic Republic , Alireza Peyman-Pak, said that, as part of the ...
06/09/2023Iran views Armenia as a "bridge" to EEU markets -minister
... for increasing this figure and expanding cooperation. They also touched upon cooperation in free economic zones and various sectors of the economy. As of January 2023, Iran and the EEU agreed on most of the main issues to finalize negotiations on a free trade zone (FTA) agreement, in addition to mutual market access for certain categories of agricultural products. It is expected that the FTA between the EEU and Iran could be signed in the first half of 2023. --0--
03/01/2023Armenia supports Egypt in negotiations with EEU on free trade area agreement
... the international community. The EEU is a Eurasia-based economic union that consists of a number of post-Soviet states: Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Since the establishment of the union in 2015, Egypt has worked to strike a free trade zone agreement with the EEU states.--0--
01/30/2023Iran plans to finalize FTZ with EEU in a month
The legal formalities for the creation of a free trade zone between Iran and the Eurasian Economic Union (EEU) are expected to be settled within a month, Iranian Deputy Minister of Trade, Industry and Mines Alireza Peymanpak, who is also head of Iran's Trade Development YEREVAN, November 30....
11/30/2022Ministry: many Iranian companies want to establish their operations in Meghri free trade zone
Many Iranian companies are interested in establishing their operations in the Free Trade Zone (FTZ) in Armenian Meghri, which borders Iran, but the process of selecting enterprises for inclusion in the register takes time, Armenian Ministry of Economy told ARKA news agency. YEREVAN, February 2. /ARKA/. Many Iranian companies ...
02/02/2022Armenian government approves ratification of two agreements between EEU and Singapore
... parties to stimulate trade in goods and services, expand cooperation, as well as provide capital investment and modern standards of protection in the establishment and operation of companies. The second document is the agreement between the EEU and Singapore on the creation of a free trade zone. The purpose of the agreement is to create a favorable environment and conditions for the development of mutual trade relations and stimulation of economic cooperation in areas of mutual interest, as well as the removal of trade and investment ...
01/05/2022Talks on free trade zone between EEU and India to start in early 2022 - Lavrov
... problem does not interfere, it will take place early next year," the Russian top diplomat said. The Eurasian Economic Union, which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, has already signed free trade agreements with Vietnam and Singapore, as well as an interim agreement with Iran. Free trade zones are also being negotiated with Egypt and Israel. Russia is India's largest trading partner among the EAEU countries. -0-
12/06/2021EEU 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 EEU, told reporters, according to TASS. YEREVAN, July 22. /ARKA. Members of the Russia-led Eurasian Economic Union (EEU) ...
07/22/2021EEU and Iran to start negotiations on free trade agreement
... Commission Board Mikhail Myasnikovich and Iranian Energy Minister, co-chairman of the Permanent Russian-Iranian Intergovernmental Commission on Trade and Economic Cooperation Reza Ardakanian discussed today the prospects for the formation of a full-fledged free trade zone between the Eurasian Economic Union and Iran on the sidelines of an economic forum in Russian Saint Petersburg. YEREVAN, June 3. /ARKA/. The chairman of the Eurasian Economic Commission Board Mikhail Myasnikovich and Iranian Energy ...
06/03/2021Armenian MP: Iran's accession to Eurasian Economic Union may become a turning point
... take its first steps to join the organization in two weeks. Ghalibaf made the remarks following a meeting with Russia’s President Vladimir Putin during a three-day trip to Moscow. “This union has connected all regional countries and established a free trade zone. Iran has started talks for becoming a permanent member of the union and preparations for our permanent membership will be carried out in the next two weeks,” he said upon arrival in Tehran from Moscow. An agreement on a free trade zone ...
02/23/2021Marukyan finds it necessary to start urgent negotiations on deployment of Russian military base in Syunik
... long-term peace and security in the region, which is part of the CSTO single security belt, and is also the border of the EAEU with the Islamic Republic of Iran, with which the regime of a temporary agreement is in effect, leading to the formation of a free trade zone,” Marukyan said. He noted that the experience of the 102nd Russian military base in Gyumri is a guarantee of the effectiveness of such a security mechanism. For decades, the base has ensured the inviolability of the Armenian-Turkish ...
12/23/2020Agreement on Free Trade Zone between EEU and Singapore will enter into force in 2021
... goods included in the EEU list," Khachatryan said. On October 1, 2019, Armenia and Singapore signed an Agreement on Services, Trade and Investment. On the same day, an agreement was signed in Yerevan between the Eurasian Economic Union (EEU) and Singapore on the creation of a free trade zone. -0-
11/05/2020EEU-Serbia free trade zone agreement to come into force in 2021
The Agreement on Free Trade Zone signed between the Eurasian Economic Union (EEU) and Serbia will enter into force in 2021, Armenian Minister of Economy Tigran Khachatryan said today. YEREVAN, November 5. /ARKA/. The Agreement on Free Trade Zone signed between the ...
11/05/2020Armenia interested in conclusion of free trade agreement between Egypt and EAEU
... service quoted him as saying.<br> <br> Mnatsakanyan stressed that Yerevan will work closely with Cairo and EAEU partners to achieve this goal.<br> <br> The EAEU has already concluded free trade agreements with Vietnam, Singapore and Serbia. A temporary agreement has also been signed with Iran, which in the long term should lead to the formation of a free trade zone. Negotiations are under way with Egypt, Israel and Argentina. Jordan and Thailand announced their intention to create a free trade zone with the EAEU.<br> <br> In general, the EAEU has already received 50 proposals from ...
09/14/2020EEU and India negotiate free trade agreement
... investor protection for both sides. The agreement on a free trade zone between the Eurasian Economic Union (EEU) and India which is currently being negotiated should also contribute to this. The EEU has already signed free trade agreements with Vietnam, Singapore, as well as Serbia. It also has signed an interim agreement with Iran, which should lead to the formation of a free trade zone. Negotiations are also underway with Egypt, Israel and Argentina. Also, Jordan and Thailand expressed desire to have free trade zones with the Eurasian Economic Union. In total, the EEU has received 50 partnership proposals from various ...
01/15/2020Eurasian economic union and Singapore sign free trade agreement
The Eurasian Economic Union (EAEU) and Singapore have signed today in Yerevan an agreement to create a free trade zone. The agreement was signed after the conclusion of an EEU summit. YEREVAN, October 1. /ARКА/. The Eurasian Economic Union (EAEU) and Singapore have signed today in Yerevan an agreement to create a free trade zone. The agreement ...
10/01/2019Government to get back illegally privatized land plots near Meghri free trade zone
In response to a question from Mikael Melkumyan, a lawmaker from the Prosperous Armenia party about the future of a free economic zone in Meghri, a small town on the country’s border with Iran, Armenian Prime Minister Nikol Pashinyan said he had visited the town last year and learned that it has no land plots. YEREVAN, September 11. /ARKA/. In response to a question from Mikael Melkumyan, a lawmaker from the Prosperous Armenia party about the future of a free economic zone in Meghri, a small...
09/11/2019Pashinyan: Armenia regards Vietnam as important partner in South-East Asian region
... importing Armenian brandy and wine into the Vietnamese market. Nikol Pashinyan and Nguyễn Xuân Phúc agreed to start discussions over the signing of an agreement on avoidance of double taxation. The parties expressed conviction that the creation of a free trade zone between the Eurasian Economic Union and Vietnam will catalyze the development of economic cooperation. The two prime ministers stressed the need for expanding cooperation in tourism and highlighted the steps taken to facilitate the visa ...
07/06/2019Armenia, Iran decide to expand cooperation
... reception, Grigoryan said that relations between Armenia and Iran are based on historically friendly relations and mutual trust. He expressed hope that these relations will be expanded by joint efforts. The parties also discussed room for creation a free trade zone between Iran and the Eurasian Economic Union. They exchanged ideas of cooperation in the energy sector. Mher Grigoryan is now in the Iranian capital to attend a session of the Armenian-Iranian Intergovernmental Committee. -0---
07/04/2019Iran ratifies free trade agreement with Eurasian economic union
The parliament of the Islamic Republic of Iran has ratified today an agreement to create free trade zone with the Eurasian Economic Union (EEU). YEREVAN, June 10. /ARKA/. The parliament of the Islamic Republic of Iran has ratified today an agreement to create free trade zone with the Eurasian Economic Union (EEU). A provisional agreement ...
06/10/2019Iran expected to sign agreement on interim free trade zone with EEU later this summer
Iran is expected to ratify an interim agreement on the creation of a free trade zone with the Eurasian Economic Union (EEU) later this summer, Armenian Minister of Economy Tigran Khachatrian said today during a parliamentary discussion on the execution of the 2018 state budget. YEREVAN, June 6. /ARKA/. Iran is expected ...
06/06/2019Expert: Armenia needs to be more active in presenting its business legislation to entrepreneurs from Iran
... information on Armenian and Farsi is an option. Israelyan singled out the ‘paternalistic’ customs policy of Iran that prevents other countries, including Armenia, from increasing their exports to Iran. He said in this situation the agreement on free trade zone between the Eurasian Economic Union and Iran, located near the town of Meghri in southern Armenia, on border with Iran, is beginning to play a bigger role. “The agreement will give an economic effect only after companies start registering ...
02/25/2019Armenia to expedite negotiations over creation of free trade zone between Eurasian Economic Union and Egypt
Armenia will expedite negotiations over creation of a free trade zone between the Eurasian Economic Union and Egypt, the EEC Minister Veronika Nikishina said Tuesday at a news conference in Yerevan. YEREVAN, October 24. /ARKA/. Armenia will expedite negotiations over creation of a free trade zone between ...
10/24/2018Russian deputy industry and trade minister sees huge room for cooperation between Eurasian Economic Union and Iran
... is a huge room for cooperation between the Eurasian Economic Union and Iran and projects are great here, Georgi Kalamаnov, Deputy Minister of Industry and Trade of the Russian Federation, said on Tuesday. “The agreement on creation of a temporary free trade zone with Iran was being prepared throughout the last few years,” he told Novosti-Armenia. “We coordinated all parameters. The seventh round of the negotiations was held in Yerevan. We coordinated a number of positions on prices. I hope ...
10/24/2018Pashinyan says Armenia’s political and economic agendas are determined by its integration with EEU
... as opposed to the same time span of 2017. He also emphasized the importance of an agreement signed by EEU and Iran to form a free trade zone. ‘Armenia is the only member of the EEU with a common land border with Iran. It also has a free tarde zone on ... ... brought to Armenia over 2.5 thousand participants from more than 25 countries, including the USA, Germany, Switzerland, Belgium, Singapore and China. This year, the Eurasian Week is being held under the motto "EEU is a space for business." The plenary ...
10/22/2018EEU and Singapore to sign free trade zone agreement
The Eurasian Economic Union (EEU) and Singapore are expected to sign a free trade zone agreement at an East Asia Summit, scheduled for November 2018, Singapore's Foreign Minister Vivian Balakrishnan said, according to Russian "Vesti.Ekonomika." YEREVAN, August 3. /ARKA/. The Eurasian Economic Union (EEU) and ...
08/03/2018Agreement on free trade zone between Eurasian Economic Union and Iran gives new opportunities to Armenia
The provisional agreement on free trade zone between the Eurasian Economic Union and Iran gives new opportunities to Armenia, Armenian Vice-premier Tigran Avinyan posted on his Fecbook page. YEREVAN, May 17. /ARKA/. The provisional agreement on free trade zone between the Eurasian ...
05/17/2018Armenian government delegation to attend Eurasian Economic Union meeting
... and economic cooperation of the Eurasian Economic Union member countries with China will be on the meeting's agenda. The Eurasian Economic Commission says on its website that the agreement between the Eurasian Economic Union and China and Iran. A free trade zone will be opened between the union and Iran that will imply decrease or zeroing import tariffs for a quite wide range of goods. --0---
05/16/2018Armenia is attractive for Swiss investors, DFA head says
... interested in investing in Armenia’s IT, tourism and winemaking sectors," Avakyan said. He said also that being a member of the Eurasian Economic Union Armenia enjoys the GSP + trade regime with the European Union, and has also opened recently the free trade zone in Meghri on the border with Iran, which can be used by business owners to advance their goods and services in the region. -0-
02/05/2018Armenia interested in intensification of negotiations between Eurasian Economic Union and Singapore - premier
Armenia is interested of intensification of negotiations between the Eurasian Economic Union and Singapore’s free trade zone, Karen Karapetyan, Armenian prime minister, said as he met with Singaporean Deputy Prime Minister and Coordinating Minister for Economic and Social Policies Tharman Shanmugaratnam in Davos, the press office of the Armenian government reported ...
01/24/2018Political analyst names most important events of 2017
... as a link between Iran and members of the Eurasian Economic Union (EEU) and Georgia. About 120 foreign companies are expected to be hosted by the free economic zone, which are expected to invest a total of $350-400 million. "The opening of the free trade zone not only gives Armenia the opportunity to strengthen its economic ties with Iran, but also opens up a real opportunity for it to become a link between Iran and the Eurasian Economic Union," Iskandaryan said. Another important political ...
01/09/2018Nalbandian says why invest in Armenia
... implementation and which is the shortest transit route connecting Persian Gulf ports to the Black Sea ports, Nalbandian said. Armenia actively supports the negotiation process between the Eurasian Economic Commission and friendly Iran aimed at signing a free trade zone agreement. On March 30, 2017, the government of Armenia passed a decision on establishing a free economic zone in Syunik - at the border with Iran, the launch of which would promote the strengthening of economic ties with the Islamic Republic ...
11/28/2017Kamaz to assemble trucks in Armenian free trade zone
Kamaz, Russia's largest manufacturer of trucks, is expected to set up a plant in Armenia’s free trade zone to assemble trucks, deputy minister of economic development and investment Hovhannes Azizyan told ARKA. YEREVAN, October 9. /ARKA/. Kamaz, Russia's largest manufacturer of trucks, is expected to set up a plant in Armenia’s free ...
10/09/2017Russian companies to invest in Armenian Meghri free trade zone
The Russian Export Center jsc signed a number of agreements on the margins of the II Eurasian Partnership forum in Yerevan last Friday, envisaging the participation of Russian companies in the Armenian free trade zone in the southern Meghri on the border with Iran, in the development of cooperation in the field of communications and agriculture. YEREVAN, October 9. /ARKA/. The Russian Export Center jsc signed a number of agreements on the margins ...
10/09/2017Small economy is advantage for Armenia, prime minister says
... small economy, Armenia, as a member of the Eurasian Economic Union (EEU) may become the best platform for investors wishing to invest in EEU, as well as to enter the Iranian market. The prime minister mentioned in this context the establishment of a free trade zone on the border with Iran and the GSP program for selling goods to EU countries. Karapetyan added that after signing an agreement with the EU in November Armenia will become the only country that will have special trade regimes both with ...
09/14/2017Armenia and Russia discuss establishing light industry joint venture
... ‘cooperation with the Armenian side is one of the priority directions.’ Karayan was said to have pointed out the cooperation potential in the field of radio electronics. He also spoke about the opportunities offered to manufacturers by the Meghri free trade zone located on the border with Iran. During the meeting, Karayan, Nikitin and the head of the Union of Armenians of Russia Ara Abrahamyan discussed a set of issues related to the holding of the second International Forum of the Eurasian Partnership ...
09/08/2017Armenia comments on Turkey’s desire to join EEU customs zone
... on the desire of Turkey to join the Eurasian Economic Union’s customs zone. Turkish Economy Minister Nyhat Zeybekci announced on Friday the intention of the country to sign a customs agreement with the Eurasian Economic Union on the creation of a free trade zone. According to Zeybekci, Ankara hopes to complete the relevant talks already this year. As Kocharian noted, the agreement on the Eurasian Economic Union does not provide for accession to the customs territory of the trade bloc. "Moreover,...
08/21/2017Armenia and Iran sign free trade zone MoU
Armenian Minister of Economic Development and Investments Suren Karayan and Iranian President's Advisor and Secretary of Free Trade Zones Coordination Council Akbar Torkan signed August 17 a memorandum of understanding (MoU) to broaden cooperation between Iran's Aras and Armenia's Meghri free trade zones. YEREVAN, August 21. /ARKA/. Armenian Minister of Economic Development ...
08/21/2017More than ten foreign companies already applied for doing business in “Syunik” free economic zone
... and Iran. Referring to Russia’s Izvestia, the newspaper reports that the Eurasian Economic Union and Iran have reached a preliminary agreement on more than a half of the varieties of goods (some 200 of 400) they will supply to each other within the free trade zone. A temporary free trade zone may be created already this year, and later, in there years it will transform into a constant zone, if the parties agree. --0----
05/25/2017Reelection of Rouhani as president of Iran opens up new opportunity for Armenia to implement its joint projects with Tehran
... cooperation. "Such formats allow Armenia to increase its role in the region, he added. He also said bilateral work is being carried out to strengthen the Armenian-Iranian relations in the sectors of customs, agriculture and in the creation of a free trade zone. Rouhani was re-elected President of Iran scoring 57% of votes in May 20 election. According to Iranian Interior Ministry, Rouhani obtained 23,549,616 votes out of the total 41,220,131, while his rival Ebrahim Raeisi, received 15,786,...
05/22/2017Armenia wants to improve its standing in Doing Business by 12 notches
... presentation of potential investments and particularly of the platform for investment programs which at the moment presents 55 investment projects. He also informed the president on the process of creating investment funds. According to Karayan, the Syunik free trade zone, which has been created to attract investments, will start functioning in 2017 autumn. Suren Karayan said also the number of internal tourists will double by the year 2020. The president was said to have issued relevant instructions. -0-
05/19/2017Bordachev: Armenian society ill-informed about Eurasian integration advantages
... still a rhetoric-level damage. We will face this and we should be ready. ARKA – There is also a technical question. How to combine close economic relations with the European Union with the membership in the Eurasian Economic Union? Bordachev – The free trade zone and preferential trade agreements with GSP+ scheme are different things. Important is to have no legal controversies. Now there are not such controversies, as I know, i.e. the agreement with the European Union will contain nothing barring ...
04/04/2017Comprehensive Partnership Agreement to open up new page in relations between Armenia and European Union - Sargsyan
... compatible various integration processes while harvesting and sowing everything positive and useful, which unite and does not divide nations,” he said. In was planned in November 2013 that Armenia would sign with the European Union the Association and Free Trade Zone agreements. But two month before that, Armenia decided to join the Eurasian Economic Union and did it in January 2015. Nevertheless, the European Union’s board, on October 12, 2015, at a foreign-ministerial session in Luxembourg, empowered ...
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