Thursday, October 26 2017 15:35

Experts of the EAEU speaking on countries on the pros and cons of integration into a single economic union

Experts of the EAEU speaking on countries on the pros and cons of  integration into a single economic union

ArmInfo. Russia overcame the  consequences of the economic crisis and embarked on a path of  development that beneficially affected the economies of the countries  members of the Eurasian Economic Union and Tajikistan. The Chairman  of the Association expressed this opinion for Integration and  Development, coordinator of the Eurasian Expert Club Aram Safaryan  during the Yerevan-Bishkek-Astana-Minsk teleconference on the results  of the Yerevan session of the Eurasian inter-Prussian forum.

As proof of his words, Safaryan cited Armenia's economic performance,  according to which the republic recorded growth in all directions  except construction and agriculture. "Taking into account these data,  the forecasts on economic growth of the republic for 2017, from 3.2%  envisaged to reach 4%, may also change," the expert predicted.  According to him, this development will increase the likelihood of  Armenia's involvement in business projects involving the EAEU  countries, which will have the most beneficial effect on the  country's economy in the next two years.

At the same time, Safaryan stressed the need to eliminate technical  obstacles and increase the efficiency of execution of decisions  within the framework of the EAEU. "The EAEU is that integration  platform where all decisions should be taken on a consensus basis,"  the expert concluded.

The economist, member of the Eurasian Expert Club Ashot Tavadyan  stressed the need to develop a unified energy and communication  policy within the framework of the EAEU. So, according to him, in the  absence of a unified transport policy, it will be difficult to talk  about the effectiveness of the Megrian free zone. As for the energy  sector, according to the expert, export duties should be withdrawn  here. He also considered it unacceptable that the calculation in the  energy sector within the framework of the EAEU is carried out in  dollars. "If all these measures are adopted, then by 2019 we will  reach uniform tariffs for gas, which will stimulate the development  of national economies," Tavadyan said.

The positive dynamics of the economies of the EAEU countries after  integration into a single union was also noted by Vladimir Telnov,  deputy director of the Institute for Public Policy of the Nur Otan  Party of Kazakhstan. According to him, this revival is reflected in  the growth of trade turnover, which for the year of 2017 was 28%. He  also stressed the importance of switching to the digital format of  economic management within the framework of the EAEU, which would  lead to an aggregate economic growth of 11% and to the sustainability  and development of national economies.

Zhumakadyr Akeneev, PhD in Economics from Kyrgyzstan, also  highlighted the impact of integration in the EAEU for his country.  According to him, already 2 years after the integration into the  EAEU, the economic growth of Kyrgyzstan was 8%. At the same time, he  did not ignore some wrinkly questions within the integration union,  expressing regret at the refusal of Kazakhstan to sign a road map for  the transportation of heavy vehicles. According to the expert,  Kazakhstan's refusal to sign the document was a complete surprise.  "Meanwhile, within the framework of the EAEU there should be no such  tensions and all issues should be resolved on a consensus basis," the  expert stressed.  The head of the department of innovative economy of  the International University Vyacheslav Mitso (Minsk) in his turn  focused on the need to develop public statistics within the framework  of the EAEU.  "We need to create an alternative to Eurostat,  meanwhile, currently there is no single public statbase in the EAEU  area," he said, stressing that the implementation of the digital  economy format within the framework of the EAEU should begin with  this. He also criticized the fact that the share of industry in the  turnover within the framework of the EAEU is only 1.7%. "As it was  1.7%, it remains, which means that we are not moving forward, but a  large share is in the energy sphere," - said the expert, while  admitting that after joining the EAEU, the economy of Belarus has  also intensified. "In the first 7 months we achieved those indicators  of economic growth that were envisaged in the annual calculation," he  concluded.

The Eurasian intergovernmental council held a meeting in Yerevan  yesterday with participation of the heads of the ministries of  Russia, Armenia, Kyrgyzstan, Kazakhstan and Belarus. The agenda of  the heads of government included issues in the field of information,  the functioning of domestic markets, trade, agro- industrial complex,  energy and infrastructure. Among the key topics is discussion of the  Procedure for Elaboration of Initiatives in the Implementation of the  Digital Agenda of the Eurasian Economic Union, the Action Plan ("road  map") for the elimination of exemptions and restrictions on the  internal market of the EAEU for 2018-2019. The participants of the  meeting will consider some issues of forming the system of  information exchange within the framework of the general electric  power market of the EAEU. The agenda also includes the issue of  discussing the action plan (road map) for the implementation of the  Guidelines and the stages of implementing the coordinated  (coordinated) transport policy of the EAEU member states for  2018-2020.

POST A COMMENT
Input digits     


News
In Q1 2025, Armenia`s IT sector experienced 24.5% annual growth rateIn Q1 2025, Armenia`s IT sector experienced 24.5% annual growth rate
In Armenia, service sector experienced accelerated growthIn Armenia, service sector experienced accelerated growth
Free economic zone to be established in Yeghipatrush Free economic zone to be established in Yeghipatrush 
RA MESCS presents terms of participation in industry courses in IndiaRA MESCS presents terms of participation in industry courses in India
"Electric Networks of Armenia" to modernize power supply network in  center of Yerevan
“My Ameria, My Family” – Lots of Benefits, Raffle of 300+ Gifts and Much More“My Ameria, My Family” – Lots of Benefits, Raffle of 300+ Gifts and Much More
Launch of digital radio discussed in ArmeniaLaunch of digital radio discussed in Armenia
Armenia`s Cabinet approves Armenian-Japanese convention abolishing  double taxation Armenia`s Cabinet approves Armenian-Japanese convention abolishing  double taxation 
Armenia to join Ashkhabad agreement Armenia to join Ashkhabad agreement 
Armenia to have new Law on Eletric Energy by end of 2025 Armenia to have new Law on Eletric Energy by end of 2025 
Hayordi Camp is the May beneficiary of The Power of One DramHayordi Camp is the May beneficiary of The Power of One Dram
In 2026, government to increase funding for  modernizing water supply  and drainage systemsIn 2026, government to increase funding for  modernizing water supply  and drainage systems
Converse Bank Joins the Asian Development Bank`s Green Finance CommitmentConverse Bank Joins the Asian Development Bank`s Green Finance Commitment
In Q1 2025, Armenia`s trade sector generated $3.4 billion in revenueIn Q1 2025, Armenia`s trade sector generated $3.4 billion in revenue
Natural population growth rate decreasing  in ArmeniaNatural population growth rate decreasing  in Armenia
In Q1, Armenia experienced a notable decrease in cognac and wine  productionIn Q1, Armenia experienced a notable decrease in cognac and wine  production
In Q1 2025, power generation in Armenia increased by 6.5% per annumIn Q1 2025, power generation in Armenia increased by 6.5% per annum
Armenia`s metallurgical industry experiences a decline in Q1 2025Armenia`s metallurgical industry experiences a decline in Q1 2025
Armenia`s industrial sector sagging due to declining manufacturing industry volumesArmenia`s industrial sector sagging due to declining manufacturing industry volumes
IFC ready to invest in Armenia`s energy, transport sectors IFC ready to invest in Armenia`s energy, transport sectors 
Wizz Air opens base in Armenia, launches new flights Wizz Air opens base in Armenia, launches new flights 
Possibilities of establishing public-private partnership with Yandex  company discussed in Yerevan Possibilities of establishing public-private partnership with Yandex  company discussed in Yerevan 
Armenian-Georgian business forum held in YerevanArmenian-Georgian business forum held in Yerevan
Modernization works carried out at National Center for Mental Health Modernization works carried out at National Center for Mental Health 
Martin Galstyan: It is essential to implement challenging reformsMartin Galstyan: It is essential to implement challenging reforms
Central Bank Governor: Only 0.1% of loans are related to banking  fraud and cyberattacksCentral Bank Governor: Only 0.1% of loans are related to banking  fraud and cyberattacks
Culture, humanity and responsibility: Araratbank supports  Belgian  band HOOVERPHONIC`s  concerts in ArmeniaCulture, humanity and responsibility: Araratbank supports  Belgian  band HOOVERPHONIC`s  concerts in Armenia
In Armenia, annual inflation rate increased to 3.2% in April due to higher prices for food and servicesIn Armenia, annual inflation rate increased to 3.2% in April due to higher prices for food and services
Economic activity in Armenia slowing down, with foreign trade also decliningEconomic activity in Armenia slowing down, with foreign trade also declining
Armenia to extend ban on export of some agricultural products for another 6 monthsArmenia to extend ban on export of some agricultural products for another 6 months
Armenia to deepen cooperation in tourism industry with QatarArmenia to deepen cooperation in tourism industry with Qatar
Armenia`s CB leaves refinancing rate unchanged 6.75%Armenia`s CB leaves refinancing rate unchanged 6.75%
Gogavat-Guguti checkpoint stops serving vehicles Gogavat-Guguti checkpoint stops serving vehicles 
RA Ministry of Economy presents  <Syunik: Economic Hub of the South  Caucasus> programRA Ministry of Economy presents   program
Armenian authorities consider expanding affordable housing program to  families in border settlementsArmenian authorities consider expanding affordable housing program to  families in border settlements
In January-April 2025, RA SRC collected 4.5% more taxes compared to   same period last yearIn January-April 2025, RA SRC collected 4.5% more taxes compared to   same period last year
Pashinyan thanks citizens for their efforts in filling the state  treasuryPashinyan thanks citizens for their efforts in filling the state  treasury
Exclusive Hooverphonic Performance and AraratBank`s Social Initiative to Mark Philharmonic`s Centennial CelebrationsExclusive Hooverphonic Performance and AraratBank`s Social Initiative to Mark Philharmonic`s Centennial Celebrations
Living costs much higher in Armenia than minimum pensions - Country fort Life party leader Living costs much higher in Armenia than minimum pensions - Country fort Life party leader 
Armenia`s authorities paln forming effective consumer protection  system Armenia`s authorities paln forming effective consumer protection  system 
Filling stations pay AMD 1.6bln to state budget in fraud case Filling stations pay AMD 1.6bln to state budget in fraud case 
Prime Minister`s visit to Lori region of ArmeniaPrime Minister`s visit to Lori region of Armenia
Dollar transactions resumed in Armenian interbank foreign exchange  market from April 28- May 2, 2025Dollar transactions resumed in Armenian interbank foreign exchange  market from April 28- May 2, 2025
Armenian Eurobonds 5th tranche offering a yield of 7.1%, indicates   that foreign investors perceive Armenia as a high-risk investment -  David AnanyanArmenian Eurobonds 5th tranche offering a yield of 7.1%, indicates   that foreign investors perceive Armenia as a high-risk investment -  David Ananyan
Tigran Jrbashyan urges Ministry of Economy not to close program for  engaging highly qualified specialists, but to return to its origins  and implement it in conjunction with  overall strategyTigran Jrbashyan urges Ministry of Economy not to close program for  engaging highly qualified specialists, but to return to its origins  and implement it in conjunction with  overall strategy
Entrepreneurs from Lyon  interested in investing in ArmeniaEntrepreneurs from Lyon  interested in investing in Armenia
For Q1 2025, Armenia`s state budget  executed with  surplusFor Q1 2025, Armenia`s state budget  executed with  surplus
RA Ministry of Finance once again amending law on state debtRA Ministry of Finance once again amending law on state debt
Amulsar`s restart to positively impact Armenia`s GDP final growth in  2025 - Finance MinisterAmulsar`s restart to positively impact Armenia`s GDP final growth in  2025 - Finance Minister
Demand for Armenian Eurobonds three times higher than placement  volume - Finance MinisterDemand for Armenian Eurobonds three times higher than placement  volume - Finance Minister
Meeting with ITF reps at Ministry of Territorial Administration and InfrastructureMeeting with ITF reps at Ministry of Territorial Administration and Infrastructure
Armenia, Sweden to expand innovation, technological and investment cooperation Armenia, Sweden to expand innovation, technological and investment cooperation 
Potential and Development Prospects of Health Tourism in Armenia forum to take place in Yerevan Potential and Development Prospects of Health Tourism in Armenia forum to take place in Yerevan 
Armenia`s gross international reserves reach $3.9blnArmenia`s gross international reserves reach $3.9bln
With a Mission to Preserve Armenian Heritage: AraratBank Sponsors the With a Mission to Preserve Armenian Heritage: AraratBank Sponsors the "Artsakh" Orchestra Concert
Armenia  to establish  Institute of Agricultural ConsultantsArmenia  to establish  Institute of Agricultural Consultants
Activities on mandatory insurance of hazardous industrial facilities  to be carried out in ArmeniaActivities on mandatory insurance of hazardous industrial facilities  to be carried out in Armenia
Armenia`s Ministry of Territorial Administration, World Bank  representatives sum up Armenia`s Ministry of Territorial Administration, World Bank  representatives sum up "Social Investment and Local Development"  program 
Team Telecom Armenia Expands International Partnerships: U.S. Newsmax Channel to Air in ArmeniaTeam Telecom Armenia Expands International Partnerships: U.S. Newsmax Channel to Air in Armenia
RA NA Committee against easing taxation conditions for SMEsRA NA Committee against easing taxation conditions for SMEs
Read more
Exchange rates
08.05.2025
RUB4.73-0.09
USD389.25-0.03
EUR439.39-2.99
GBP516.22-3.24
CAD280.52-1.79
JPY26.89-0.29
CNY53.78-0.10
CHF471.30-1.53