Giragosian: Oligarchic System Of Economy In Armenia Jeopardizes Nati

GIRAGOSIAN: OLIGARCHIC SYSTEM OF ECONOMY IN ARMENIA JEOPARDIZES NATIONAL SECURITY

YEREVAN, June 13. /ARKA/. The oligarchic system of economy in Armenia
poses a threat to the country’s national security, Richard Giragosian,
a political analyst and the head of the Regional Studies Center,
said Thursday at a discussion of the Armenia-EU Association Agreement.

He said tycoons in economy break up the foundations of the state,
weaken the flow of taxes to the government budget and undermine
the economy.

Giragosian said that the Agreement, if signed, would liberalize the
Armenian economy.

The EU has been negotiating the EU-Armenia Association Agreement with
Armenia since July 2010 in the framework of the Eastern Partnership
and the European Neighborhood Policy. The future Deep and Comprehensive
Free Trade Area will be part of this Agreement, which aims at closely
associating this country to the EU both in economic and political
terms, in line with the Eastern Partnership objectives.

The future trade relations will therefore expand significantly beyond
the scope of current cooperation, set out in the Partnership and
Cooperation Agreements, in force since July 1999.

The EU-Armenia Association Agreement is planned to be signed on
November 28 or 29 in Vilnius at an Eastern Partnership summit. -0-

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From: Baghdasarian