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Regional

Ambassador: Ukraine and Armenia interested in development of economic relations

  • by Karina Manukyan

  • Tuesday, July 8, 18:01

Ukraine and Armenia are interested in development of economic relations, Ukraine's Ambassador to Armenia Ivan Kukhta has told ArmInfo's correspondent when asked whether it is possible to expect undesirable changes in the Armenian-Ukrainian trade and economic cooperation following Ukraine's signing of the Association Agreement and Armenia's forthcoming accession to the Customs Union.        

"Ukraine and Armenia have very good trade and economic relations, as well as a big commodity turnover.  Last year the commodity turnover between our countries amounted to nearly $223 mln, and we are interested in developing the bilateral economic relations," he stressed. 

Ambassador Kukhta is not sure whether Ukraine's signing of the Association Agreement and Armenia's accession to the Customs Union will strongly affect the development of the bilateral economic relations. He recalls that Ukraine and Armenia have a free trade agreement. "I think the agreement will remain in force", he says. He does not expect the Ukrainian-Armenian commodity turnover to drop. 
To recall, earlier Foreign Minister of Kazakhstan Erlan Idrisov said that the agreement on Armenia's accession to the Eurasian Economic Union might be signed in October 2014. However, another date (early July 2014) was mentioned during the latest meeting of the Customs Union leaders and Armenian President Serzh Sargsyan in Minsk.    

Earlier Head of the Republican Party of Armenia Faction Vahram Baghdasaryan said that the rescheduling was connected with technical issues. It was reported that Armenia will join the Eurasian Economic Union on equal terms.

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