Armenia to ratify free trade zone agreement with CIS in fall

Armenia to ratify free trade zone agreement with CIS in fall

PanARMENIAN.Net - Armenia enjoys friendly relations with the EU and CIS countries and is an active member of Eastern Partnership (EaP) project, chairman of the National Assembly Standing Committee on Financial-Credit, Budgetary Affairs said.

As Gagik Minasyan told a press conference, Armenia will ratify the agreement on joining free trade zone with CIS during the fall parliamentary session.

“Document on Armenia’s joining the free trade agreement with the EU will enable Armenian entrepreneurs to present own products in foreign markets without any obstacles,” the MP said.

Dwelling on Armenia’s joining the Eurasian community, Mr. Minasyan noted absence of a common border with the union’s member-states and the mechanisms to facilitate Armenia’s integration process among the main problems.

“Armenia and Nagorno Karabakh currently represent a single country with common economy due to absence of a customs border. Moreover, the countries willing to join the Eurasian community after 2015 are already taking efforts in establishment of a single customs territory,” he said.

 Top stories
A relevant agreement was signed by the minister of finance Gagik Khachatryan and German ambassador to Armenia Rayner Morel.
The total cost of the final deal is over AMD 85.8 billon to be paid in two equal halves, after completion of the deal formalities.
Aleksei Miller was also scheduled to meet with government officials in Germany, which is a major customer of Gazprom’s supplies.
Access to finance is a major impediment to the growth of micro, small and medium enterprises, especially in the rural areas.
Partner news