Armenia considers EEU most beneficial format of relations - Prime Minister

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Armenia considers the Eurasian Economic Union to be the most beneficial format of relations, said Armenian Prime Minister Hovik Abrahamyan at the opening of the round table within the framework of the international conference "Eurasian Economic Prospects" in Yerevan on Tuesday.

"Armenia considers the Eurasian Economic Union to be the most beneficial format of relations, as its basic principle is the free movement of goods, services, capital and labor. In practice, after joining the EEU, Armenian economy has become part of more than 170 mln. market, which makes our country more attractive in terms of investments and the implementation of large-scale long-term projects," says Abrahamyan.

According to him, the mutual trade between the EEU member states isn`t restricted by the custom formalities, which results in reducing the financial costs and terms required by economic activities, technical obstacles are eliminated, as well as a single conformity assessment system is introduced.

"At the same time, there is a possibility to develop industrial cooperation between the organizations of the EEU member states. The Eurasian Economic Union promotes bilateral ties and relations between the countries, as well as creates more opportunities for international cooperation in the sphere of trade and economy. All this is extremely important in the current geopolitical and economic situation," said Abrahamyan.

He added that Armenia was willing to use its experience of conducting reforms to develop integration within the EEU.

"Armenia is willing to use its experience gained as a result of the systemic and infrastructure reforms in the development of integration processes. Let me emphasize that our main task is to meet the expectations of the EEU peoples and to improve the quality of life and the well-being of our citizens significantly," said Abrahamyan.

According to him, the Armenian government attaches great importance to the discussions, which allow to assess the progress of integration processes, as well as to determine the future prospects of the union.

Armenia has become the full member of the Eurasian Economic Union since January 2, 2015.

Text by AMI NOVOSTI-ARMENIA

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