PM Pashinyan calls for single gas market in EEU for mutually-beneficial trade conditions




YEREVAN, MAY 25, ARMENPRESS. Armenian Prime Minister Nikol Pashinyan has called for launching a single gas market in the Eurasian Economic Union (EEU).

Speaking at the EEU summit in Moscow, Pashinyan said the launch would contribute to the development of favorable and mutually-beneficial conditions for trade, ensure energy security and increase of economic integration, as well as competitiveness of member states in international markets.

He said that Armenia is ready for constructive dialogue over this issue to swiftly achieve consensus in outstanding matters.

Financial support to joint cooperatives in manufacturing would promote individual branches of the economies of member states, he added, noting that proportional development of these initiatives is highly important to minimize risks. “Thus, it is important to develop mechanisms eliminating these risks in the phase of selection of the projects, which would allow us long-term prospects for such projects,” Pashinyan added.

The Armenian PM highlighted food security as an important aspect of cooperation within the EEU.  He said that EEU members must unite efforts in this direction.

PM Pashinyan also noted the coordinated work in 2022 for the development of mutually beneficial partnership outside the EEU.

Given the high dynamic of development of cooperation with Iran, the launch of the free trade agreement and its implementation are a priority for member states in context of real expansion of trade cooperation with third countries.

“Continuation of work in priority and promising negotiations sectors such as India and Egypt, as well as development of comprehensive dialogue around the economic agenda and enhancement of trade-economic cooperation with the United Arab Emirates and Indonesia will additionally boost the union’s integration process in the global economy,” Pashinyan said, calling for effective partnership mechanisms with third countries to be created, which would “consistently lead to creation of conditions for sustainable development of the economies of our countries.”

Pashinyan highlighted the Eurasian Economic Forum for dialogue between entrepreneurs and business circles and thanked Russia for organizing the event.

He reiterated Armenia’s readiness for continuous implementation of joint projects aimed at achieving mutually acceptable solutions around important issues of the integration union’s activities.

[see video]