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EEC Minister Karine Minasyan: “Armenia should work, move forward, maintain its positions on equal competitive terms with other EAEU countries”

EEC Minister Karine Minasyan: “Armenia should work, move forward, maintain its positions on equal competitive terms with other EAEU countries”

4/1/2015

On March 31 in Yerevan, within the framework of the International Seminar “Prospect of Eurasian Integration: outlook of Armenia” Karine Minasyan, Member of the EEC Board – Minister, told about the meaning for Armenia of membership in the Eurasian Economic Union (EAEU) and necessity to provide free movement of goods from Armenia to the territory of other EAEU Member States in the interests of business community of the Union countries.

The Armenian State University of Economics (Yerevan) and the Institute of the CIS States (Moscow) organized the Seminar. Armenian and Russian experts and representatives of the academia participated in the event.

In her speech Karine Minasyan noted, that one of the main tasks of the Eurasian Economic Commission and state authorities of Armenia – is to do everything in order not to let Armenian business community feel absence of direct boarder with the Union members. “Goods should move fast and free from Armenia to the territory of other EAEU countries, goods turnover should grow,” EEC Minister is sure. “For the moment it is not completely implemented, but it is necessary to take into account, that an adaptation period is taking place now. Gradually roughness will be eliminated. And of course, now devaluation of the Russian ruble and weakening of the Russian economy has greatly influenced export potential of Armenia. However we should understand that it absolutely does not depend on the membership of the Republic in the Union. In any case the country would have felt this negative effect. But now we have an opportunity to discuss the emergent problems with other three countries – partners within the EAEU - and look for way out. At the same time Armenia can implement the possibilities of being a Member of the Union.

In particular, according to Karine Minasyan, the Republic has a possibility to join all the cooperation programmes. As of today the programme in the sphere of motor construction was adopted. The program in the sphere of machine-tool construction and light industry is being discussed actively. “Armenia should be dynamically involved into the process and propose the segments or sectors in which the Republic can participate proceeding from the parameters of these programs,” EEC Minister said. “At the same time Armenia should work, move forward, maintain its positions on equal competitive terms with other EAEU countries. In the EAEU Armenia is equal among equals. It is no coincidence that all the decisions of the Eurasian Economic Commission are made only on the basis of consensus.”