Nranyan: Eurasian Economic Union Makes It Possible To Expand Frontie

NRANYAN: EURASIAN ECONOMIC UNION MAKES IT POSSIBLE TO EXPAND FRONTIERS OF NATIONAL ECONOMIES

YEREVAN, April 24. /ARKA/. The Eurasian Economic Union makes it
possible to expand frontiers of national economies and to create
single rules and standards for all the participants of its market,
Ara Nranyan, a member (minister) of the Eurasian Economic Commission,
said Wednesday at the third East Forum in Berlin.

Some 250 officials and business people from 25 countries attended
the event. Nranyan stressed that analysis of processes over the
union shows insufficient awareness and not unbiased assessment of
the real significance of the union either for its members or for the
global economy.

he said.

The world countries and integration unions’ significant interest in
establishment of closer trade ties with the union shows the project’s
potential.

He said geography of the cooperation is wide – from Latin America to
South-East Asia. Armenia formally joined the Eurasian Economic Union
(EEU) of Russia, Belarus and Kazakhstan on October 10 after President
Serzh Sargsyan signed a corresponding accession treaty with Russian
president Vladimir Putin and presidents Nursultan Nazarbayev of
Kazakhstan and Aleksandr Lukashenko of Belarus at a summit of the
Russian-led bloc held in Minsk.

The treaty came into force on January 1, 2015. —0—-

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