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Armenia To Fully Embrace Eurasian Economic Union's Emerging Market O

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  • Armenia To Fully Embrace Eurasian Economic Union's Emerging Market O

    ARMENIA TO FULLY EMBRACE EURASIAN ECONOMIC UNION'S EMERGING MARKET OF SERVICES

    Belarus News (BelTA)
    April 16 2015

    16 April 2015 17:17 | Economy

    MOSCOW, 16 April (BelTA) - Armenia intends to join all the 43 sectors
    of the common services market, which is emerging in the Eurasian
    Economic Union, the press service of the Eurasian Economic Commission
    told BelTA.

    A draft executive order of the Council of the Eurasian Economic
    Commission in favor of amending the list of sectors and subsectors
    of services covered by the common services market of the Eurasian
    Economic Union was approved at a session of the Board of the Eurasian
    Economic Commission. The amendments have been made in view of Armenia's
    accession to the Eurasian Economic Union Treaty. In accordance with
    the agreement dated by 10 October 2014 Armenia will fully join the
    list of sectors of services covered by the common services market of
    the Eurasian Economic Union.

    The list of the common market of services for Armenia covers 43 sectors
    of services. The formation of the common market has been in progress
    in 23 of them since 1 January 2015 for all the Eurasian Economic
    Union member states. A common market for 20 sectors (civil engineering
    services, engineering services, cargo processing, warehousing services)
    is being formed for Armenia, Belarus, and Russia.

    The amendments will contribute to the possible reduction of the
    cost of services for individuals, including in Armenia, taking into
    account the growing competition between economic entities of the
    Eurasian Economic Union member states on the common Eurasian market
    of services. Conditions for the unhindered provision of services
    will be enabled as part of the operation of the common market of
    services in the Eurasian Economic Union member states. As a result,
    business in the sphere of services will be diversified and new kinds
    of business in the member states will be created.

    Commenting on the executive order, Timur Suleimenov, Member of the
    Board (Minister) for Economy and Financial Policy of the Eurasian
    Economic Commission, said: "As far as Armenia is concerned, we have
    received very positive decisions on the country's accession to all the
    43 sectors. In other words, Armenian colleagues are ready to undertake
    obligations and respectively get the same degree of rights without
    exemptions and transitory periods. It has to be stipulated by decisions
    of the presidents. If the presidents discuss and confirm Armenia's
    initiative on 8 May, the common market will become operational once
    the executive order comes into force."

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