Accession to Customs Union will provide economic growth

YEREVAN, DECEMBER 27, ARMENPRESS. Before making the decision on joining the Customs Union, the Government of the Republic of Armenia was aware that this is a multiple-factor process. That’s to say there are a number of factors, which will have a positive impact on the economic and cultural life, and there will be negative factors as well. The Prime Minister of the Republic of Armenia Tigran Sargsyan stated this at the course of this year’s final press conference with the mass media representatives held on December 27 in the Mesrop Mashtots Matenadaran-Institute.

Among other things the Prime Minister of the Republic of Armenia Tigran Sargsyan underscored that the accession to the Customs Union first of all will provide access to a huge market to realize our goods there.

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.