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EAEU holds negotiations with Israel, Serbia and Singapore – Egypt and India waiting for their turn

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YEREVAN, MAY 14, ARMENPRESS. The Eurasian Economic Union successfully develops partnership with other countries and unions, Russian President Vladimir Putin announced during the Supreme Eurasian Economic Council session.

“FTA with Vietnam operates successfully. A trade and economic agreement with China is planned to be signed this week in Astana, as well as a temporary agreement with Iran on creating free trade zone. Talks with Israel, Serbia and Singapore on privileged agreements are underway. In the future similar negotiations are scheduled with Egypt and India”, ARMENPRESS reports the Russian President as saying.

According to him, the priority issues of the integration structure are increasing the efficiency of the single markets, the harmonization of national legislations in different spheres, the elimination of restrictions on the free movement of goods, services, capital, labor, creating more favorable conditions for the development of entrepreneurial activity.

“In general, the Eurasian Economic Union develops rather dynamically. GDP in member states rose by 1.8%, industrial products by 1.7%, agricultural products by 2.5% in 2017, while the average price rise has declined by 3.1% in the member states. Internal and external trade has also improved. Exports to the 3rd countries have increased by 24.5%, and trade turnover has increased by 26.1%”, the Russian president said.

The Supreme Eurasian Economic Council session took place on May 14 with the participation of the Heads of State of all the member states. Moldova participated in the expanded format session as an EAEU observer state. Armenian PM held meetings with the Presidents of Russia, Belarus and Kyrgyzstan in the sidelines of the summit.

Armenia has the best industrial indicators in EAEU

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industrial-outputYEREVAN. – According to the official data, the domestic industry of Armenia is “prospering.” Pursuant to the preliminary data, the rise in the physical volume of industrial production came closer to a double figure – 9,7% at an annual rate. Of course, this indicator constituted “modest” 4,4% for January-August. But in the current conditions, even that number can be considered an apparent achievement.

The Eurasian Economic Union (EAEU) partners of Armenia are far from doing well in this sphere. Thus, the physical volume of industrial production in Russia, Belarus and Kazakhstan has reduced by 3,2%, 7,1% and 0,6% respectively.

In January-July, the total volume of Armenia’s industrial production increased by 4,1% at an annual rate. This was mainly brought along by a significant growth of metallic ore extraction (35,3%). Consequently, the share of this sector in the total amount of industrial production of the republic grew by 1,9 percentage points, reaching 7,4%.

Together with this, the monthly dynamics of foreign trade is characterized by significant instability. Consequently, export of goods in January-August increased by 0,5%, while the import decreased by 26,3%.

EaEU accession will reduce Armenia farmers’ concerns with market

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EaEUYEREVAN. – When Armenia enters the Eurasian Economic Union (EaEU), the Armenian farmers’ concerns will reduce with regard to the sale of their products.

Andranik Petrosyan, who heads the Department of Foreign Relations at the Ministry of Agriculture, told the aforesaid to Armenian News-NEWS.am.

He stressed that the Moscow city hall has provided a considerable assistance to Armenia, as a 1,000 square-meter space was allocated free of charge for the sale of Armenian agricultural products.

“Aside from the space, the Moscow authorities allocated stands at no cost,” Petrosyan added.

In addition, the mayor of Moscow has agreed to extend the functioning of the open market until the end of October.

Furthermore, Russian Prime Minister Dmitry Medvedev had visited the Armenian pavilions and stated that it would be desirable to see more Armenian goods in the Russian market.

“This means only one thing: our [, Armenia’s,] reproduction companies and farmers will have a stable sales market,” Andranik Petrosyan stated.

source: news.am

Armenia’s Eurasian Economic Union accession treaty is signed

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EaEU-signedThe treaty on Armenia’s joining the Eurasian Economic Union (EaEU) has been signed.

The accession agreement was signed at the Supreme Eurasian Economic Council meeting, which was convened Friday in the Belarusian capital city of Minsk, and by the leaders of the member countries, Interfax news agency reported.

Russian President Vladimir Putin expressed the hope that the parliaments of all member countries will approve the EaEU accession treaty by the year’s end.

In May, the presidents of Russia, Belarus, and Kazakhstan had signed the treaty on the establishment of the Eurasian Economic Union, and this agreement shall enter into force next year, reported RIA Novosti news agency of Russia.

Manaseryan: Armenia and Georgia can greatly benefit from accession to EaEU and EU

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The mutually beneficial economic ties between Armenia and Georgia have not been realized completely in the recent years, economist Tatul Manaseryan told reporters on EU-EaEUMonday, adding that Armenia should enhance relations with Georgia since “we are doomed to close cooperation with Georgia.”

According to the economist, Armenia’s and Georgia’s accession to the Eurasian Economic Union (EaEU) and the European Union (EU) respectively should be viewed as mutually complementary factors.

“We together with the Georgians can greatly benefit from accession to both unions, especially given that Armenia does not rule out European integration,” he noted.

Chairman of the Republican Union of Employers of Armenia Gagik Makaryan said for his part that it is difficult to judge about the real amounts of imports into Armenia from Georgia as many goods imported from Georgia are produced in Turkey.

Russian cabinet ok’s Armenia’s EaEU deal

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eaeuThe Russian cabinet on Thursday gave approval to the treaty on Armenia’s accession to the Eurasian Economic Union (EaEU).

The document is now pending ratification by President Vladimir Putin.

“The accession treaty is a fundamental document that lays out the terms of Armenia’s membership in the Eurasian Economic Union based on an arrangement reached among the Russian Federation, the Republic of Belarus and the Republic of Kazakhstan,” Armenpress reports, citing the statement posted on the Russian Government’s website.

The Russian cabinet members also approved the Eurasian Economic Union Treaty which will be submitted to the president for a further ratification by the State Duma (parliament). The document also needs to be adopted by the governments of the other founding member states, Kazakhstan and Belarus.

Armenian Prime Minister said earlier at a press briefing that the country is most likely to become a full member of the Russia-led bloc in October.