Armenia’s Membership In Eurasian Economic Union To Give Serious Boos

ARMENIA’S MEMBERSHIP IN EURASIAN ECONOMIC UNION TO GIVE SERIOUS BOOST TO ITS ECONOMY -RUSSIAN MP SAYS

YEREVAN, December 9. / ARKA /. Armenia’s membership in the Eurasian
Economic Union from January 1, 2015 will give a serious boost to its
economy and enable it to build new roads, create new jobs and stop
the out-emigration of its labor force, according to Oleg Lebedev,
the first deputy chairman of the Russian State Duma committee on CIS
affairs, Eurasian integration and relations with compatriots.

He said the Eurasian Economic Union is a union of independent states,
which are being integrated into a single economic union and will
complement each other.

“I am confident that Armenia’s economy will get a new development
impetus from January 1,” said Lebedev to reporters on Tuesday.

By a vote of 103 to 7 and one abstention the National Assembly of
Armenia ratified December 4 the agreement that makes the country
a member of the Eurasian Economic Union. The other members of the
Russia-led trade bloc are Kazakhstan and Belarus.

The agreement was endorsed by 5 of the six factions in the Armenian
parliament. The only party that voted against was Zharangutyun
(Heritage) of former foreign minister Raffi Hovhanissian. The agreement
comes into force on January 1, 2015.-0-

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