Armenia attaches great importance to work of EEU with third countries

Armenia attaches great importance to the interaction of the Eurasian Economic Union with the third countries and international integration associations. The President of Armenia Serzh Sargsyan stated at the enlarged meeting of the Supreme Eurasian Economic Council.

According to him, the formation and development of a common Eurasian space is taking place in a difficult economic situation for the second year in a row. All this creates certain barriers to the full-fledged formation of the union.

«On the other hand, this opens new opportunities for closer cooperation between our countries. The concerted actions taken have allowed to some extent stabilize the situation in the economic sphere through the support of certain sectors of the economy. Thanks to this, there has been a trend towards an increase in industrial and agricultural production," said Serzh Sargsyan.

«There was a positive GDP dynamics, a revival of economic activity in the industrial sector, agriculture and services in Armenia. In modern conditions, we must focus on the implementation of mutually beneficial projects, strengthening the union from within, elimination of barriers, minimization of exemptions and restrictions, and increasing the degree of international engagement of the Union. These goals are mutually reinforcing and influence the effectiveness and authority of EEU at the international arena," he stressed.

The EEU countries face a task of ensuring the development of the economy through innovations in industry, high-tech agriculture and renewable energy.

Serzh Sargsyan

Serzh Sargsyan added that Armenia attaches great importance to the implementation of earlier reached agreements with third countries and international associations.

«The effectiveness of EEU largely depends on the well-coordinated work of all the countries of the union, EEC and business. We expect the EEU to propose solutions to the pressing challenges that the union faces. We consider the publication of the so-called White Book, where 60 agreed obstacles are registered, as an important step. We hope that the road map with the terms of their elimination will be approved in the nearest future," the leader of Armenia concluded.