Announcement

Collapse
No announcement yet.

Armenia In The Customs Union: Statistics And Hopes

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenia In The Customs Union: Statistics And Hopes

    ARMENIA IN THE CUSTOMS UNION: STATISTICS AND HOPES

    Vestnik Kavkaza, Russia
    Dec 27 2013

    27 December 2013 - 6:07pm
    By Vestnik Kavkaza

    Armenia has a chance to become a member of the Customs Union (CU)
    by the beginning of 2015 , according to Deputy Economic Development
    Minister Alexei Likhachev. However, according to him, the road map did
    not fix a specific time frame, so it will be determined by negotiations
    and a regulatory framework, in particular, the ratification procedures
    of the relevant documents.

    According to the president of the European Cooperation Development
    Foundation, Mher Simonyan, a public opinion poll conducted in Yerevan
    in early October showed that 86 % of respondents have a positive
    attitude to Armenia's accession to the CU, and only 6% feel negative
    about it. "The participation of Yerevan in the CU and in the forming
    Eurasian Economic Union will objectively help maintaining political
    and socio-economic stability in the country. Specific targeted
    assistance and investments in key sectors of the Armenian economy
    from partners - Russia, Belarus and Kazakhstan - are more relevant
    and urgent for Yerevan than the European Union's abstract promises of
    financing programs for the rehabilitation of the business climate and
    the attraction of foreign investments", Simonyan said. "Russia is the
    largest investor in the Armenian economy. Total investment has amounted
    to $ 2.5 billion, 44 % of the total foreign investment. This year,
    Russia allocated loan to Armenia for the renovation and extension
    of the working lifespan of the Metsamor A-plant in Armenia, giving
    30 % of all electricity to the country. And the European Union has
    repeatedly demanded to close the plant".

    At the same time, according to Simonian, "Russia is ready to make
    use of the investment for the rehabilitation and modernization of the
    chemical plant in the south. Armenia will receive $100 million for the
    construction of strategic transport corridor "North - South". "Russian
    Railways" to invest more than $500 million in the modernization of the
    Armenian railway and the construction of Armenia - Iran highway. The
    Russian businesses in Armenia operate efficiently, pay taxes to the
    budget, provide jobs for tens of thousands of people. Moreover, an
    application to join the Customs Union has led to lower prices for
    Russian gas and for Russian nuclear fuel".

    Simonian urges not to forget that "the main market of Armenian goods
    is in Russia and not in Europe. 95% of wine production goes to the
    Russian Federation. The trade turnover between the two countries
    last year has increased by 22 % and amounted to $ 1.2 billion. The
    Armenian export to Russia in January - August 2013 has already reached
    820 million dollars. The removal of fees for access to the market of
    the CU dramatically increased the volume of Armenian exports. "

    Agassi Arabyan, president of NGO "Javakhk Diaspora of Russia",
    also likes the Customs Union: "The negative development in the major
    Western countries compel the Eurasian countries, including Armenia,
    to think about how to ensure more stable life".

    According to him, one of the bonuses from the CU is unfettered access
    to the Russian market: "Now Armenia has problems with movement,
    in particular, because of the Georgians. That is not forever, now
    the power there is changed, and it is hoped that everything could
    calm down. The membership in the Eurasian Union will eliminate the
    difficulties that may arise about increasing exports to Armenia.

    Moreover, the Eurasian Union is a unified space of labour force ,
    and entry into this structure is beneficial for Armenia, since it
    will reduce the flow of migrant workers a certain number of times".

    Speaking about migration, Arabyan said: "The Armenians can start
    creating their businesses in Russia and Armenia. This means that there
    is no need to look for ways of seeking to obtain the citizenship of
    other countries and to find accommodation elsewhere".

    In Arabyan's opinion, one cannot ignore the factor of energy, on
    which Armenia fully depends today. It is obvious to everyone. "For
    the countries in the Eurasian Union, Russia will sell, of course,
    energy at domestic prices, as it has promised. There is, you all know
    already, such a proposal, it is very welcome, and we are happy. Also,
    through the Eurasian Union, Armenia can lobby for its interests.

    Armenia's joining the CU will once again strengthen the position
    of Armenia in the sense that it can be really useful to neighboring
    Georgia and as a mediator in all matters that are now acute for Russia
    and Georgia, that is, in Russian-Georgian relations. We believe that
    Armenia is also interested in the establishment of relations between
    Georgia and Russia, because, apart from the transport dependence,
    there is still interest of the Armenian population. Accordingly,
    we support this decision, and there are high hopes that soon the
    Georgian authorities also think about getting into the CU, because
    there will be, as it would have been a little earlier expressed, the
    full support for stability in the region and large economic support
    for two neighbors and brotherly countries".

Working...
X