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Regional

Draft decision on Armenia's accession to Customs Union and United Trade Area adopted

  • by Alexandr Avanesov

  • Friday, October 25, 16:48

 President of Armenia Serzh Sargsyan, who is on a working visit in Minsk, attended the meeting of the Supreme Eurasian Economic Council in narrow format, with participation of the presidents of Kyrghyzstan, Tajikistan and Ukraine.  

The press-service of the Armenian President said three documents on Armenia's preparation for accession to the Customs Union of Russia, Belarus and Kazakhstan and the United Trade Area were discussed and adopted at the meeting.  In particular, the presidents adopted a draft decision On Accession of the Republic of Armenia to the Customs Union and United Trade Area of the Republic of Belarus, Republic of Kazakhstan and the Russian Federation, Application of the Republic of Armenia for participation in the Eurasian Integration Process and a Memorandum on Deepening of Cooperation of the Republic of Armenia and the Eurasian Economic Commission. 

To recall, on September 3, 2013 in Moscow the Presidents Serzh Sargsyan and Vladimir Putin confirmed the aim of the Republic of Armenia and the Russian Federation in the direction of further development of economic integration processes in the Eurasian territory. Earlier on 21 October, President of Belarus Alexander Lukashenko told the heads of the CIS mass media outlets that there are many uncertainties in the issue of Armenia's accession to the CU.  Lukashenko believes that Armenia cannot access the Union overnight.  The country is to pass all the necessary procedures to the CU, like to the WTO, the president said.

The Customs Union has been created within the Eurasian economic space for trade and economic integration of Belarus, Kazakhstan and Russia on the initiative of Russian President Vladimir Putin in 2011. CU is one of the biggest integration unions in the world with a population of 170 mln people and GDP of $2.7 trillion. 

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