Monday, June 8 2026 17:44
Alina Hovhannisyan

Armenia planning to increase trade volumes within  EAEU - Economy  Minister

Armenia planning to increase trade volumes within  EAEU - Economy  Minister

ArmInfo. Armenia's goal is to increase trade volumes of Armenian goods within the EAEU market and more fully utilize the Union's potential, as stated by Economy Minister Gevorg Papoyan in Parliament.  "Armenia is a full member of  the EAEU, and we have utilized all available mechanisms to protect  the rights of our producers," he said.

The minister noted that processes related to the removal of trade  barriers have already begun. In this regard, he recalled that, under  the EAEU Charter, member states can submit complaints in cases where  other countries impose restrictions or barriers to trade. According  to Papoyan, both Armenia and other Union states have repeatedly  encountered such issues.

"This is a normal working process," the minister emphasized. He  assured that Armenia intends to consistently defend its interests and  increase trade volumes within the EAEU. "We must utilize all the  opportunities provided by membership in the Union, just as other EAEU  member countries do," Papoyan concluded.

 It should be noted that, according to the RA Statistics Committee,  foreign trade turnover between Armenia and the EAEU countries  decreased by 36.9% in 2025, exceeding $8 billion. Export volumes fell  by 5% to $3.2 billion, while imports declined by 48.5% to $4.8  billion. In January-April 2026, Armenia's foreign trade with the EAEU  fell by 19.2% year-on-year (compared to a 61.5% decline a year  earlier), to $1.9 billion. Exports decreased by 4.7% to $911.6  million, while imports fell by 29.3% to $970.1 million. This change  in annual dynamics reduced the EAEU's share of Armenia's foreign  trade from 37% to 29.8%.