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Time in Yerevan: 11:07,   29 March 2024

Armenia's PM points on negative aftermath of not joining Customs Union

Armenia's PM points on negative aftermath of not joining Customs Union

YEREVAN, OCTOBER 18, ARMENPRESS. Joining the Customs Union will enable Armenia to establish strategic relations with Russia on a more fundamental platform. The Prime Minister of the Republic of Armenia Tigran Sargsyan stated this at the course of the meeting with the participants of international media-forum held in Yerevan on October 17-20 under the slogan "On the Foot of Ararat".

As reports "Armenpress" among other things the Prime Minister of the Republic of Armenia Tigran Sargsyan underscored: "It enables us to get rid of a number of limitations, which may arise, if Armenia stays out of the Customs Union. Recently intensive procedures are ongoing within the framework of the Customs Union and it will course new limitations between the Russian and Armenian economic entities, if we are not integrated to the Customs Union. We cannot afford ourselves such a luxury."

In the result of the negotiations on September 3, 2013 in Moscow the Presidents Sargsyan and Putin confirmed the aim of the Republic of Armenia and the Russian Federation in the direction of further development of economic integration processes in the Eurasian territory. In that context the President of the Republic of Armenia Serzh Sargsyan announced about the Armenia's decision to join the Customs Union and the necessity of implementation corresponding steps for that aim and in future about participating in formation of the Eurasian economic union. The President of the Russian Federation Vladimir Putin expressed his support to the abovementioned decision of Armenia and informed about the readiness of the Russian side to support the process.








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