ArmInfo. Within the Eurasian Economic Union (EEU), agriculture, wine and brandy making, light and chemical industry, advanced processing of non-ferrous metals, processing of precious stones and metals, Doctor of Economics, Professor Ashot Tavadyan said at the Eurasian Export Club's meeting on "Armenia in EEU and CSTO: Experience, Achievements, Prospects".
He stressed the need to find a niche in production of defense items, nanotechnologies, machine building, and machine tool technologies. "It is also necessary to clearly understand and appraise the capacities and efficiency of the EEU member states' joining to the Silk Road project. Armenia is a crossroad between the west and the east and it has quite well-educated people, initiative labor force, facilitated procedures of certification and business registration, and a developed structure of information technology. Armenia is experiencing rapid development of infrastructure, particularly, the matter concerns the roads and transport. The friendly diplomatic relations with China, the positive diplomatic relations with the EU, Iran, Georgia, the presence of a large Armenian community in Russia, Europe, Iran and Georgia considerably increase the capacities of the EEU Treaty to modernize Armenia's economy and industrial cooperation with these countries," the expert said, noting that despite the huge potential China does not hold leading positions among the investors in Armenian economy.