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Armenia Joined The EEU On Most Favorable Terms - Expert

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  • Armenia Joined The EEU On Most Favorable Terms - Expert

    ARMENIA JOINED THE EEU ON MOST FAVORABLE TERMS - EXPERT

    YEREVAN, April 1. /ARKA/. Armenia has joined the Eurasian Economic
    Union (EEU) on the most favorable terms, head of economy department
    of CIS Countries Institute Aza Mihranyan said on Sputnik-Armenia
    radio station, as cited by Novosti-Armenia.

    The accession agreement envisages projects to encourage the labor
    force to return to the country, she said.

    Apart from this, according to the preliminary estimates, Armenia
    can start importing labor force, the expert said. In the current
    geopolitical situation, EEU prospects are promising if all risks are
    realistically assessed and problems are promptly solved as they occur
    between the parties, Mihranyan said.

    The prospects are startup of the industry and revival of the real
    economy in Armenia to help the country create very competitive
    products, the expert said. This will be possible if the government
    takes the advantage of all opportunities within the EEU, she added.

    This does not imply that Armenia may drastically change its share in
    the overall GDP or its commodities' turnover with EEU member states,
    but it can change its competitive presence and find its niche in the
    market, according to the expert.

    If Armenian producers are prepared, they can challenge both Belarusian
    and Russian manufacturers, Mihranyan said. -0--

    http://arka.am/en/news/economy/armenia_joined_the_eeu_on_most_favorable_terms_exp ert/#sthash.DgppWZ3P.dpuf

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