The EU-China summit for China was important in the first place for Europe’s participation in the “Belt and Road” initiative, secondly for becoming an alternative in the face of trade dissonances between Europe and the US.
China’s president Xi Jinping summed up his visit to Western Europe last week in France’s capital Paris. In the talks with France’s Macron agreements were reached on € 40 billion Chinese investment in France and the Union.
The Trump administration announced the restoration of sanctions against Iran, but the issue is not limited to the economic and political framework of the two countries, as the sanctions imposed on November 5 will have a direct impact on all the companies dealing with Iran.
At least for the past two decades, the US public debt has continued to grow, but it does not hinder the well-being of the citizens of the world's number one country. What is the reason for this?
The process is quite risky and, if successful, will be accompanied by both positive and negative consequences.
For this process, two main points can be distinguished: 1 - stabilization of the dollar, 2 - outflow of foreign capital from the developed countries.
The factors contributing to the downfall of lira are the overstatement of the external debt of $460 billion, including the relatively large short-term liabilities, the ever-increasing rate of inflation in the country, causing great damage to not just the Turkish people, but also the effectiveness of the foreign capital outflow in the country.
The matter is that the use of US sanctions will dramatically decrease the circulation of American currency in Iran, which will result in the Iranian "Riyal" devaluation.
The agenda of the regular session included a unified digital agenda, a common gas market, common formats of aviation cooperation, industrial co-operation and customs cooperation.
Trump carries out promises made during his election campaign, the core of which is the ideology of the American interests. Following the election, the same taxation policy was applied to American companies outside the United States, with the goal of concentrating their activities in the homeland.
The pragmatism of the role and contribution of Armenia is more obvious due to a number of circumstances.
Recall that the agreement is about creating a temporary three-year economic zone. In this regard, we should also note several important circumstances in the interests of the national economy of Armenia:
This is very important in terms of the interests of the citizens of the Republic of Armenia on the one hand, and on the other hand, in order to be perceived as a partner in the international arena.
The crypto-market itself is quite interesting, given the peculiarities of the virtual currency and, in particular, the fact that no institution controls it.
First, it is worth noting that the CB's targeted four-percent inflation, which was mentioned in the statement, is the derivative of the two main reasons - the Customs Union rates and the expected global economy impulses. In other words, the CB policy is based on other factors affecting the goods prices, not equally acting as a factor promoting inflation.
Such a formulation means that the question of the closure of the nuclear power point will be discussed in the context of its replacement with new capacity.
Unfortunately, not all experts consider the above mentioned details, which give a reason for non-objective and incorrect comments.
If we consider the broader opportunities, then Meghri Free Trade Zone may be of great interest both for the EAEU countries, for which this is an opportunity to develop economic relations with Iran on favorable conditions, and for Iran to enter the EU market more easily, taking into account the fact that Armenia is using the GSP+ privileges.
In this sense, the attempts to identify a joint calculation unit with a single monetary unit are senseless.
In fact, Nalbandian's speech is a step in the official clarification of the Armenian side's vision of cooperation with the EU in the face of signing the new Armenia-EU framework agreement, which is scheduled for autumn. In fact, the priority areas for Armenia are thus becoming clear, in which Armenia may initiate cooperation.
Before the Association Agreement enters into force, the European Union set trade preferences for Ukraine for a three-year term on certain agricultural products. The quota limit for trade preferences was due to the lack of a number of European standards, including sanitary and phyto-sanitary ones.
For example, if we look through the agreement reached in Doha a month ago to reduce oil production to 1.2 million barrels a day, we will see that this is primarily intended before the beginning of 2018, and there is still no certainty that any of the countries will not withdraw from the agreement.
The geographical axis of the project is the main territory connecting Asia with Europe. They include former USSR countries and nowadays CIS countries. Armenia has its own specific goals and opportunities in all this project.
The visit was interesting in itself, and not only in its rich content, but also in the political sense. In particular, during the last 12 years, it was the first visit made at such a high level, which demonstrates the goals to give a new impetus to the development of the Armenian-Indian relations.
Thus, the estimations actively circulating by the media, according to which our government should give up the idea of a free economic zone with Iran and the arguments from unknown sources, that it is not "economically appropriate" are hasty and false news, to put it mild.
On the other hand, it is necessary to pay attention to the fact that the reduction of tariffs for cargo transportation with Russia is supplemented by trade preferences on the borders of the EAEU. i.e. this cooperation reduces the obstacles connected with the absence of Armenia's land borders with the EAEU.
Armenian Revolutionary Federation, which received 103,48 votes, thinks that the Armenian Diaspora should be fully integrated in the development of Armenian statehood.
As for the Armenian Revolutionary Party approaches, their ideas are based on active involvement of the Diaspora in the internal processes. At the same time, the factor increasing the degree of participation, according to the party's approach, is the improved situation in the country, which will facilitate their repatriation.
The world-famous American brand, which includes a number of companies (most widely known "Marlboro" cigarettes among them), emphasizes the importance of technological development and the role of human resources in the production process.
The ultimatum towards US firms, continuing ambiguity of the financial markets, the decision of unique taboos for Mexico, which contribute to the activation of major US competitors in the American continent, makes it clear that the global economy will soon undergo major changes.
As for the business environment, the first result of a reduction in tariffs for gas and electricity will be seen immediately after the first productive cycle with the new tariffs.
The answer to the question of whether there will be a breakthrough in 2016, and dollar will at last "win" the euro in regard with exchange rate, depends on several factors.
First, digital technology or any innovative initiative within the Union can immediately be viewed as an important opportunity to enhance the activity of Armenia.
On the other hand it should be noted that OPEC's position has been tough enough for the recent period, as the "information war," not to concede any barrel, ongoing since last year, especially manifested between Saudi Arabia and Iran, is not excluded to exacerbate inner problems within the organization.
The reduction of oil production in the US and the news of a new meeting of OPEC countries at the end of September resulted in an increase of oil prices.
The EU tries to prove instability and high-level of its being organized even in the presence of the loss of a big economy like the one of the Great Britain. However, the moods within the Union prove the opposite.
It should not be forgotten that Armenia has been a member of WTO since 2003, and in this sense our officials need to clarify their stance: should we allow Azerbaijan to become WTO member?
If you start with the expected impact of this fact on the decline in prices of different goods in general, it is necessary to divide the production with more and less gas consumption.
In this sense Eurasian Intergovernmental Council session that took place in Yerevan can hardly be considered another one in a series of the meetings. By a comprehensive estimation it can be named a driving meeting for the Eurasian Union.
Thus the time for undertaking some steps has come, even if those steps pursue preliminary and sometimes imitational goals.
One should not forget that Armenia as a separate economy has its interests. Consequently it would be illogical to allow transportation of the Iranian tomatoes via Armenia to Russian Federation (RF) in case when Armenia exports its own tomatoes to RF.
Of course, the dynamics of oil price increase will go in parallel with the negotiation process, but the overall crisis in the market will be eased.
As 2015 marked the Centennial of the Armenian Genocide, a slight increase in late March was recorded in the Armenian economy, with the revival of tourism industry. This sector registered a boom in summer, due to two factors: the summer tourist season and the pan-Armenian games that were unprecedented in terms of participation rates.
All in all we can state there is mutual commitment for cooperation which is based on the realization of economic profits. And the fact that the economic profit is the most strongest motif is not a secret for anybody.
If we eventually realize which option is the most reasonable and whether Eurasian community is ready for the transition to the new currency in the next two-three years, in my opinion, it is not the appropriate moment to launch the process.
In the long-term perspective even if ruble rate get even lower but become stable, it will be possible to gain benefits by raising the value of the national currency.
One can say it for sure that Armenia, which does not have access to sea, will also benefit from this agreement. Here a question rises. How? This is an opportunity for an Armenian producer to participate in sea trade, if not directly from the territory of Armenia, then at least from any other EEU country.
In the above mentioned UN report the percentage of the poorest people has reduced for 85% as compared to 1990s in Armenia.
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