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 As for the energy  sector, according to the expert, export duties should be withdrawn  here.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
Armenia to support IT companies in hiring foreign specialists, new  employees and  retraining personnelArmenia to support IT companies in hiring foreign specialists, new  employees and  retraining personnel
EAEU companies  given green light for cabotage transportation in  ArmeniaEAEU companies  given green light for cabotage transportation in  Armenia
Armenia`s Cabinet of Ministers gives go-ahead for extending deadline  for individuals to file declarationsArmenia`s Cabinet of Ministers gives go-ahead for extending deadline  for individuals to file declarations
5,237,825 AMD for the “City of Heroes Rehabilitation Center”: April’s beneficiary is the “4090” Foundation5,237,825 AMD for the “City of Heroes Rehabilitation Center”: April’s beneficiary is the “4090” Foundation
AraratBank to introduce a leasing solution with up to 35% cashback opportunity at Leasing EXPO 2025AraratBank to introduce a leasing solution with up to 35% cashback opportunity at Leasing EXPO 2025
Digital identity, digital authentication, and secure transactions: the imID office is officially openedDigital identity, digital authentication, and secure transactions: the imID office is officially opened
RA Tourism Committee: Tourist flow to Armenia continues to declineRA Tourism Committee: Tourist flow to Armenia continues to decline
AraratBank and FMO Expand Cooperation with a $25 Million Loan AgreementAraratBank and FMO Expand Cooperation with a $25 Million Loan Agreement
Ardshinbank Named Best Bank in Armenia in Four Categories by Global Banking & Finance ReviewArdshinbank Named Best Bank in Armenia in Four Categories by Global Banking & Finance Review
EDB provides of $78,000 grant for System of Electronic Vehicle  Passports in ArmeniaEDB provides of $78,000 grant for System of Electronic Vehicle  Passports in Armenia
Upper Lars checkpoint closed for transport Upper Lars checkpoint closed for transport 
Conversbank starts primary placement of $10mln coupon bonds Conversbank starts primary placement of $10mln coupon bonds 
SCR investment program for 2025 to exceed 2 bln dramsSCR investment program for 2025 to exceed 2 bln drams
Achilles` heel of  Armenia`s tax systemAchilles` heel of  Armenia`s tax system
Armenian authorities willing to improve concession agreement with  America AirportsArmenian authorities willing to improve concession agreement with  America Airports
RA NA to hold special meeting RA NA to hold special meeting 
IDBank Joined the Banking Association for Central and Eastern Europe (BACEE): Official Membership Agreement Signed in BudapestIDBank Joined the Banking Association for Central and Eastern Europe (BACEE): Official Membership Agreement Signed in Budapest
Armenia, Russia discuss expansion of cooperation in information  system integration Armenia, Russia discuss expansion of cooperation in information  system integration 
Converse Bank placed Vardanants Medical Center`s debut bonds  ahead  of schedule Converse Bank placed Vardanants Medical Center`s debut bonds  ahead  of schedule 
USA cancels funding for USA cancels funding for "Advancing Democratic Culture" program in  Armenia 
Digital CEPA implementation system to be launched in ArmeniaDigital CEPA implementation system to be launched in Armenia
AraratBank: Business Financing with up to 35% Cashback OpportunityAraratBank: Business Financing with up to 35% Cashback Opportunity
Armenian, Iranian customs officials discuss border procedures for  Agarak checkpointArmenian, Iranian customs officials discuss border procedures for  Agarak checkpoint
The Power of One Dram is the general partner of DigiCode 2025The Power of One Dram is the general partner of DigiCode 2025
ZCMC paid more taxes under current government - Armenia`s premier ZCMC paid more taxes under current government - Armenia`s premier 
Armenia`s pension fund $500mln up under current government - premier Armenia`s pension fund $500mln up under current government - premier 
Upper Lars checkpoint closed for transport Upper Lars checkpoint closed for transport 
CBA Deputy Head: Those guilty of online loan fraud will be severely  punishedCBA Deputy Head: Those guilty of online loan fraud will be severely  punished
In Armenia`s insurance market, loss ratio for OSAGO decreased to 79%  by AprilIn Armenia`s insurance market, loss ratio for OSAGO decreased to 79%  by April
Armenia introduces <financial hygiene> mechanism in  crypto sphere -  CB Deputy Head  presents rules for circulation of cryptocurrencies  Armenia introduces mechanism in  crypto sphere -  CB Deputy Head  presents rules for circulation of cryptocurrencies  
Developer causes $1.6mln damage to state budgtet Developer causes $1.6mln damage to state budgtet 
Armenia takes part in world exhibition in Japan Armenia takes part in world exhibition in Japan 
Armenia-EU cooperation beneficial, but not at EAEU`s expense - Samvel  Karapetyan Armenia-EU cooperation beneficial, but not at EAEU`s expense - Samvel  Karapetyan 
Armenia has to make choice - Mikhail Galuzin Armenia has to make choice - Mikhail Galuzin 
The Crowdfunding Formula sets precedent for companies combining  innovation and global thinking with its bond launch - message to  entire ecosystemThe Crowdfunding Formula sets precedent for companies combining  innovation and global thinking with its bond launch - message to  entire ecosystem
Head of RA Revenue Committee holds talks with ADB, AFD reps Head of RA Revenue Committee holds talks with ADB, AFD reps 
USD transactions up in Armenia`s interbank foreign exchange market  Apr 7 to 11, 2025 USD transactions up in Armenia`s interbank foreign exchange market  Apr 7 to 11, 2025 
Eduard Hakobyan, representatives of  Eduard Hakobyan, representatives of  "Association of Oil Product Importers of the Republic of Armenia" discuss sector`s challenges
AraratBank Employees Communicated with the Power of the Intercessory Gospel of ShurishkanAraratBank Employees Communicated with the Power of the Intercessory Gospel of Shurishkan
IBRD to provide 102 million euro  loan to Armenia for healthcare reformsIBRD to provide 102 million euro  loan to Armenia for healthcare reforms
Armenian, Italian travel agencies to collaborateArmenian, Italian travel agencies to collaborate
Stepantsminda-Lars highway closed for heavy-duty vehiclesStepantsminda-Lars highway closed for heavy-duty vehicles
Armenia`s finance minister, head of IMF mission in Armenia discuss  IMF-sponsored reserve programme Armenia`s finance minister, head of IMF mission in Armenia discuss  IMF-sponsored reserve programme 
Yerevan to host event with participation of Armenian, UAE businessmen  next autumnYerevan to host event with participation of Armenian, UAE businessmen  next autumn
Refrigeration logistics center to be established in Armenia`s Tavush Refrigeration logistics center to be established in Armenia`s Tavush 
Uzbekistan joins EDB as 7th member stateUzbekistan joins EDB as 7th member state
RA Finance Minister, IMF Managing Director discuss country`s  macroeconomic situation RA Finance Minister, IMF Managing Director discuss country`s macroeconomic situation
New Aznavour and Nvidia supercomputers in Armenia to be fully  operational by the end of 2025New Aznavour and Nvidia supercomputers in Armenia to be fully  operational by the end of 2025
Belgospischeprom delegation visits Armenia Belgospischeprom delegation visits Armenia 
Armenia to join EAEU agreement on cooperation in R&D-related services Armenia to join EAEU agreement on cooperation in R&D-related services 
Azimuth airlines to carry out more Yerevan-Min Vody-Yerevan flights Azimuth airlines to carry out more Yerevan-Min Vody-Yerevan flights 
Head of RA State Revenue Committee, Head of IMF office in Armenia  discuss access of tax authorities to bank information Head of RA State Revenue Committee, Head of IMF office in Armenia  discuss access of tax authorities to bank information 
U.S. president announces 90-day pause on tariffs for 75 countriesU.S. president announces 90-day pause on tariffs for 75 countries
Don Lambert: Don Lambert: "Crossroads of Peace" is to Armenia what the European Coal and Steel Community is to EU
ADB to focus on housing construction program for Artsakh forcibly displaced persons in Armenia in 2025ADB to focus on housing construction program for Artsakh forcibly displaced persons in Armenia in 2025
ADB forecasts slower economic growth in Armenia: 5% in 2025 and 4.7% in 2026ADB forecasts slower economic growth in Armenia: 5% in 2025 and 4.7% in 2026
Armenia, UAE discuss potential for enhancing mutually beneficial cooperation in various areasArmenia, UAE discuss potential for enhancing mutually beneficial cooperation in various areas
MyAmeria Star - Ameriabank presents a bank card and app for kids and teensMyAmeria Star - Ameriabank presents a bank card and app for kids and teens
Armenia interested in signing intergovernmental agreement on  cooperation in diamond industry with Congo Armenia interested in signing intergovernmental agreement on  cooperation in diamond industry with Congo 
Read more
Exchange rates
17.04.2025
RUB4.760.02
USD390.94-0.33
EUR443.95-0.53
GBP516.82-2.08
CAD281.390.16
JPY27.420.01
CNY53.55-0.01
CHF478.27-0.17