// IP Marketing video - START// IP Marketing video - END

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
Foreign trade turnover amounted to $1.46 billion in the first four months of 2016, growing by 4,2% against the same period in 2016.
“One of my priorities, as Ambassador, is to further develop our bi-lateral economic ties,” said U.S. Ambassador to Armenia Richard Mills, Jr.
Azerbaijan’s aggression against Nagorno Karabakh failed to strike a blow to Armenia’s economy, the Minister of Economy said.
Total underground mineral resources comprised 4.3 million tons of ore, averaging 4.2 grams per ton for 0.6 mln ounces of gold equivalent.
Partner news