16:01, 8 February 2016
YEREVAN, FEBRUARY 8, ARMENPRESS. Minister in charge of the Development of Integration and Macroeconomics of the Eurasian Economic Commission Tatyana Valovaya considers right the decision on establishment of Eurasian Economic Union (EAEU). Valovaya, during the meeting with reporters on February 8, noticed that all studies show the creation of the Eurasian Economic Union was a right decision, taking into account also the current economic difficulties. “Many experts say 2015, the first year of the Eurasian Economic Union, did not meet expectations. Of course the mutual trade was reduced as well as economic growth rates of the Union were negative. We see this all very well and appreciate it, but we have a different approach to this issue. We think if the decision of EAEU establishment was not made, the mutual trade of the Union’s member countries will more reduce. I have to say that the volume of trade between the member countries declined less than it reduced with the 3rd countries,” Valovaya emphasized, “Armenpress” reports.
Referring to EAEU growth rates, Valovaya noted that growth rates were negative. “We see that we will be able to record positive economic growth this year. It will be very little but we see such possibility. This will be due to the fact that the member countries can take advantage of the opportunities the Union provides,” she detailed.