EAEU Development Tendencies, Formation of Energy Market, Armenia's Participation in Integration Processes
The decision of Armenia to become a member of the Eurasian Economic Union (EAEU) is conditioned by its economic connections with the Russian Federation (RF), and the current tendencies of the economic development in Armenia prove the rightness of that decision. The main achievement of Armenia in the EAEU, the tendencies of the development of the Union, existing problems were discussed during the round-table discussion under the title "The Role of Armenia’s expert and educational community in the development of Eurasian economic integration" in Yerevan on October 24.
The round-table discussion was initiated by Eurasian Economic Commission (EEC), NGO "Integration and Development", "Noravank" foundation and Eurasian Expert Club. The leading experts in the sphere of Eurasian integration participated in the discussion.
The Chairman of the NGO "Integration and Development" Aram Safaryan and Assistant to the President of the EEC Board Yulia Chalayan delivered opening speeches highlighting the importance of such events in terms of exchanging opinions between EEC representatives and expert community, discussing new ideas and developing important theses.
Doctor of Economic Sciences, Professor, member of the Eurasian Expert Club Ashot Tavadyan in his speech noted that Armenia’s membership to the EAEU had increased the competitiveness of the Armenian goods in the markets of Russia and other EAEU countries, while the difficulties connected with the crisis are being overcome. At the same time Tavadyan noted that there are still a number of shortcomings that need to be overcome, such as high level of corruption in member states, low level of discipline in implementing contracts, non-coordinated macroeconomic policy, etc.
Assistant to the President of the EEC Board Yulia Chalayan, in her turn, referred to the existing discourse on Armenia’s membership to the EAEU among the Armenian expert community, noting that "despite the politicization of the discourse, the membership is explained by economic preconditions." According to her the decision was a result of continuing increase of the exports to Russia, Russian big investments as well as cross-border exchange of currencies.
Tatul Manaseryan, Doctor of Economics, Professor, Head of the "Alternative" Research Center, member of the Eurasian Expert Club, also spoke about the benefits of Armenia's membership to the the EAEU. The expert paid attention to the economic activity, recorded in Armenia in the period of January-September (2017), as well as rapid growth of external trade compared to the same period of the previous year. According to him in the first nine months of 2017 the index grew by 21.7%. The volume of the export of goods and service from Armenia increased by 19.1%, while the imports - by 23,2%. The money transfers from Russia increased by 18 % for August, as compared to the same month of the previous year.
The participants of the round-table discussion paid special attention to the development of energy sector in the framework of the EAEU cooperation. Leonid Shenets, Director of the Energy Department of the Eurasian Economic Commission, underlined the importance of increasing the efficiency of electricity production, the need of employing more saving methods. "The EAEU states have much bigger potential of electricity supply, but they use much more resources on them than Western countries."
The round-table discussion participants emphasized the productiveness of the discussion and the need to continue the cooperation in this format.
- Lukashenko Signed the Law on the Customs Code of the Eurasian Economic Union Earlier, on October 25, the document was adopted by the House of Representatives of the National Assembly of Belarus and on October 27 it was approved by the Council of the Republic of the National Assembly.
- "Armedia" IAA Won "Eurasian Integration and Development - XXI Century" Competition Award The winners were selected from 583 competition materials from all EDB member states.
- What Did the Prime Ministers of the EAEU Countries Agree and What Issues Remained Unresolved? Summing up the results of the discussion, the coordinator of the Eurasian Expert Club Aram Safaryan underscored the importance of overcoming the remaining obstacles and limitations of effective cooperation...
- Armenia and Russia Signed a Joint Statement Touching upon the perspectives of economic cooperation within the framework of the Eurasian Economic Union, the parties underlined the successes recorded in the trade-economic cooperation.
- Products produced in EAEU shall have free movement in all 5 member countries : Vladimir Bulavin In his words, the customs services of the EAEU member countries play a very important part in the ongoing integration processes in the expanse of this union.
Rex Tillerson: North Korea Must Earn Right to Talks
China and UK to Strengthen Economic and Financial Cooperation
Weather Forecast in Armenia : Precipitation is Predicted
Trump Said The Worst People Come To U.S. By Visa Lottery
Trump Says He Would like to Have Russia’s Help with North Korea
Former Policeman Arrested within Case of Russian Ambassador’s Assassination in Turkey
Manchester United is Planning to Sell Mkhitaryan to make space for Mesut Ozil
Syria Accuses Saudi Arabia and the UN for the Failure of Negotiations
EU Leaders Fail on Migration
Donald Trump Thanks Vladimir Putin after his Press-Conference
French School Bus Cut in Two in Rail Crash
Serzh Sargsyan on Karabakh Conflict: It Is Not Possible to Negotiate with One Hand and to Fire with Another
The Next Phase of Brexit Negotiations to Start Soon
UN Warns against 'Sleepwalking' into War over North Korea
Turkey to Open Embassy in East Jerusalem
Turkey’s 37th: How Erdogan Started ''Cleansing'' of His Own Party
Armenian Government Allocated 31.9 Million Drams for Establishing Scientific Research Institute of Chess
Walt Disney Buys Murdoch's Fox for $52.4bn
President Holds Farewell Meeting with Outgoing Lebanese Ambassador
Armenian National Security Service Reveals Terrorist Plot
Armenian Patriarch and 12 other Heads of Churches in Jerusalem Wrote a Letter to President Trump
Russians Should Be Driven out Like Dogs, Armenians Must Be Massacred: Azerbaijani "Scientist''
Tigran Mansurian’s "Requiem" Nominated for Grammy Award
Putin Pushed Erdogan’s Chair to the Ground (VIDEO)
It Is Natural to Be in Artsakh and Struggle along with the People of Artsakh: Today Hero Monte Melkonyan Turns 60
Armenia Pays Tribute to the Memory of the Victims of 1988 Spitak Earthquake
TV Channel Discovery Has Shot 6 Videos about Armenia
Statement by the "European Integration" NGO on Signing the Comprehensive and Enhanced Partnership Agreement with the EU
NKR Defense Army Servicemen Gegham Zaqaryan, Sargis Abrahamyan, Sargis Meliqyan, Posthumously Awarded with the "For Service in Battle" Medal
Lebanese-Armenian Independent Researcher: The Crisis in Lebanon Is Not Over (EXCLUSIVE)
Wind: 6.44 km/h