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
The sides will sign the agreement on the construction of the power unit, once the preparatory work is over, the Energy Minister said.
4.2% increase in the economic activity index was mainly conditioned by this year’s positive dynamics in agriculture, an official said.
Head of Rosatom Sergey Kiriyenko and Armenia's Minister of Energy and Natural Resources Yervand Zakharyan signed the deal.
Around 10.6% will be spent on economy, 7.2% will be used to repay Armenia's debts, 3.5% will go the communities as budget subsidies.
Partner news