ARMENIA JOINED THE EEU ON MOST FAVORABLE TERMS – EXPERT

YEREVAN, April 1. /ARKA/. Armenia has joined the Eurasian Economic
Union (EEU) on the most favorable terms, head of economy department
of CIS Countries Institute Aza Mihranyan said on Sputnik-Armenia
radio station, as cited by Novosti-Armenia.

The accession agreement envisages projects to encourage the labor
force to return to the country, she said.

Apart from this, according to the preliminary estimates, Armenia
can start importing labor force, the expert said. In the current
geopolitical situation, EEU prospects are promising if all risks are
realistically assessed and problems are promptly solved as they occur
between the parties, Mihranyan said.

The prospects are startup of the industry and revival of the real
economy in Armenia to help the country create very competitive
products, the expert said. This will be possible if the government
takes the advantage of all opportunities within the EEU, she added.

This does not imply that Armenia may drastically change its share in
the overall GDP or its commodities’ turnover with EEU member states,
but it can change its competitive presence and find its niche in the
market, according to the expert.

If Armenian producers are prepared, they can challenge both Belarusian
and Russian manufacturers, Mihranyan said. -0–