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Armenia's Membership In Customs Union Can Secure Additional 1.5%-2%

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  • Armenia's Membership In Customs Union Can Secure Additional 1.5%-2%

    ARMENIA'S MEMBERSHIP IN CUSTOMS UNION CAN SECURE ADDITIONAL 1.5%-2% GDP GROWTH FOR KARABAKH - EXPERT SAYS

    YEREVAN, February 17. / ARKA /. Armenia's membership in the
    Customs Union can secure an additional 1.5%-2% GDP growth for the
    Nagorno-Karabakh Republic in the next two years , Ashot Tavadyan,
    a professor at the Armenian State University of Economics, said today.

    "Karabakh is in the same space as Armenia, and I think that Armenia's
    formal membership in the Russia-led trade bloc will be reflected in
    Nagorno-Karabakh as well," he said in an interview with ARKA .

    He said Armenia's membership in the Customs Union will cut the barriers
    for exports of agricultural products and other commodities produced
    in Nagorno-Karabakh.

    According to him, improved transport conditions in Armenia will have
    their positive impact on Karabakh as well because the North-South
    transport corridor passes near its borders.

    On February 3 the Armenian government made public a "roadmap" to
    Armenia's accession to the Customs Union. The 249-page document posted
    on the government's website lists 262 administrative and legislative
    actions concerning 20 areas of government policy. -0-

    - See more at:
    http://arka.am/en/news/economy/armenia_s_membership_in_customs_union_can_secure_a dditional_1_5_2_gdp_growth_for_karabakh_expert_say/#sthash.otaLEgfS.dpuf

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